Naver Corp Ord (NHNCF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. We will now begin NABIRS 2026 Q2 Earnings Conference Call for the benefit of our investors. Joining from home and abroad, we will provide simultaneous interpretation service for the presentation and switch to consecutive interpretation for the Q&As. Analysts, investors, good morning. I am Paul Choi from the Capital Markets Office. I would like to thank the analysts on this call, we are joined by CEO Soo-yeon Choi and CFO Hee-cheol Kim, and they will walk you through Naver's business highlights and strategies and financial results after we will entertain your questions. Please note that the earnings results are KIFRS-based, provided for timely communications, and have not yet been audited by an independent auditor, and hence are subject to change after such review. With that, I will turn it over to our CEO to present on our business highlights. Good morning. I am Soo-yeon Choi, the CEO. Before I begin our Q2 business update, I'd like to talk about our strategic partnership with NVIDIA and our AI factory business. As announced in June, Aver is working with NVIDIA to jointly build and operate AI factories on a global scale. We expect to begin generating revenue with the launch of our first 55 megawatt AI factory in the first half of 2027. We then plan to expand capacity to 100 megawatts by the end of 2027 and 200 megawatts in 2028. On our long term, it is to build AI infrastructure at the gigawatt scale. We see this as an investment in a structurally growing market, not a one-time business opportunity. As generative AI adoption accelerates, AI transformation expands across industries, and inference in AI agents become more widespread, we expect global demand for AI computing to continue growing over the medium to long term. Some have raised concerns that l...