The AI computing power investment boom is progressively moving upstream along the supply chain, with testing equipment manufacturers now entering a phase of tangible financial performance.

On July 22, Semight Instruments Co.,Ltd. released its preliminary performance forecast for the first half of 2026. The company anticipates its net profit attributable to shareholders will reach between 5.1 billion and 5.8 billion yuan, representing a year-on-year increase of 802% to 926%. The company attributed this surge to the rapid advancement of artificial intelligence, which is driving a sustained climb in global computing power demand. This, coupled with accelerated data center construction, is fueling a robust upturn in the high-speed optical communication industry chain, leading to a substantial rise in demand for the company's communication test instruments and optoelectronic device testing equipment.

For the market, this forecast not only signifies a leap in Semight Instruments Co.,Ltd.'s profitability but also provides further evidence that AI computing infrastructure investment is consistently transmitting upstream to segments like optical modules, optical chips, and testing equipment. Equipment manufacturers are now beginning to see the financial benefits of this cycle.

The latest data shows Semight Instruments Co.,Ltd.'s share price at 1,888.08 yuan per share, ranking it as the highest-priced stock in the A-share market.

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The announcement indicates that Semight Instruments Co.,Ltd. expects its first-half 2026 net profit attributable to shareholders to be in the range of 5.1 billion to 5.8 billion yuan, a dramatic increase from the 56.54 million yuan reported in the same period last year.

Concurrently, the company forecasts its non-GAAP net profit, which excludes one-off gains and losses, to be between 5.0 billion and 5.7 billion yuan, marking an 830% to 960% year-on-year rise. The growth rate of this adjusted profit measure aligns closely with the headline net profit figure, suggesting the current earnings surge is primarily driven by growth in the company's main operations, rather than non-recurring income.

The company stated that the swift development of AI technology is propelling continuous growth in global computing power requirements. The ongoing acceleration of data center build-outs is maintaining strong demand for high-speed optical communication products. Consequently, optical module and optical chip manufacturers are ramping up production capacity, which in turn is driving rapid growth in demand for communication test instruments and optoelectronic device testing equipment.

From an industry chain perspective, this signifies that AI capital expenditure is following a clear transmission path: cloud providers increasing computing investments leads to faster data center construction, which boosts demand for high-speed optical modules. This prompts module and chip manufacturers to expand production, ultimately resulting in increased procurement of testing equipment. Testing equipment firms are thus emerging as significant beneficiaries of the current wave of AI infrastructure investment.