Data center semiconductor company Padu has continued its profitable trend by increasing both revenue and operating profit in the second quarter. The company expects even stronger growth in the second half of the year, driven by an expanded supply of enterprise solid-state drive (SSD) controllers and the acquisition of new clients.
Padu announced on July 20 that it recorded second-quarter revenue of 73.2 billion won and an operating profit of 16.3 billion won.
Revenue rose approximately 23% from 59.5 billion won in the first quarter and more than tripled compared to the same period last year. Operating profit increased by 111% from 7.7 billion won in the previous quarter.
The cumulative revenue for the first half of the year stands at 132.7 billion won, nearing the total annual revenue of 139.5 billion won for 2024 and 2025. The cumulative operating profit for the first half is reported at 24 billion won.
Padu has secured over 340 billion won in new orders this year, according to public disclosures. The company is expanding its supply of fifth-generation enterprise SSD controllers to existing clients while also acquiring global server manufacturers as new customers, broadening its client base.
The operating profit margin for the first half is approximately 18%, highlighting improved profitability alongside revenue growth.
Padu is also preparing to develop and mass-produce next-generation sixth-generation SSD controllers in line with market readiness. Enterprise SSD controllers are considered advantageous for revenue stability due to their higher proportion of long-term supply contracts compared to consumer products.
Nam Ihyun, CEO of Padu, stated, "Following our transition to profitability in the first quarter, we have established a stable profit structure in the second quarter. Considering customer diversification and the growing demand for AI data center storage, we anticipate greater growth in the second half compared to the first half."
* This article has been translated by AI.
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