西部数据FY25Q4业绩点评及业绩说明会纪要:AI带动需求高增 FY25Q4收入毛利率均超指引上限

华创证券
Aug 02

事项:2025 年7 月30 日西部数据发布2025 财年第4 季度报告,并召开业绩说明会。FY2025Q4 公司实现Non-GAAP 营收26.05 亿美元,同比增长30%,环比增长14%;Non-GAAP 毛利率为41.3%,同比提升6.1pct,环比提升1.2pct。评论:1. 业绩总览:FY2025Q4 公司实现non-gaap 营业收入26.05 亿美元(QoQ+14%,YoY+30%)...

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