Asbis Enterprises, a Cyprus-based IT distributor, has seen its shares surge approximately 476% since the beginning of 2026, pushing its market capitalization above $2.5 billion. The company posted record revenue of $1.69 billion in the second quarter, up 79% year over year, with net income of $44.3 million, a 265% increase. The servers and server blocks segment brought in $723.4 million in Q2, accounting for 43% of total revenue with 285% year-over-year growth, with NVIDIA GPU servers representing approximately 80% of server sales. Management also reported a server pipeline of $860 million and incoming orders from several regions, including Western Europe.
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