Asetek won a $35M two-year deal with a top PC gamer hardware maker for its liquid cooling tech, starting Q2 2026.

Asetek has secured a long-term agreement with a major returning PC gaming hardware provider for high-end liquid cooling solutions based on its Ingrid technology, with $35 million in minimum volume commitments over two years starting in Q2 2026. Deliveries of two products will begin in Q2 and Q4 2026, including bundled components that boost unit revenue but slightly reduce margins. The deal prompted Asetek to raise its medium-term Liquid Cooling revenue target to over $65 million and maintain its adjusted EBITDA margin outlook above 25%, while keeping full-year 2025 guidance unchanged. The company cited growing momentum in its liquid cooling business driven by innovation and supply chain reliability.