【申万计算机】Summary of Supernode Servers!

English summary

### 【申万计算机】Summary of Supernode Servers! Time: 2026-08-01 13:17:42 Content: 【申万计算机】Summary of Supernode Servers! Supernode drives up profit margins. Previously, the average net margin of 8-card servers was less than 2%, while supernode net margins range from 3% to 5%. Q2 reports have already partially verified this! Key targets are summarized as follows: #Sectors with high growth and low valuation! 浪潮信息: Leading share in CSP, obvious advantages with 字节 and 阿里, Q2 performance reflects supernode elasticity. It is expected to have a profit of 6.5 billion yuan in 2026, and with the upward demand and improved supernode profit margins in 2027, it is expected to exceed 10 billion yuan. 华勤技术 (Electronics): High earnings certainty, an attacker in the server industry share. Advantages with 腾讯, new major customers acquired. Expected 2026 profit of over 5 billion yuan, of which server profit is about 1.5 billion yuan; 2027 profit expected to exceed 7 billion yuan. 紫光股份 (Communications): Outstanding switch advantages, supernode servers will start large-scale shipments in Q3. Expected profit of 4 billion yuan in 2026, reaching 5.5 billion yuan in 2027. Switch market share over 30%, high gross margin. …