FPT 7-Month Net Profit Up 14.3%, Becomes OpenAI Select Partner

Overview

FPT Corporation (HOSE: FPT) announced its 7-month 2026 business results, with net profit attributable to parent shareholders reaching nearly VND 5,885 billion, up 14.3% year-on-year. The company also revealed it has been recognized as an OpenAI Select Partner, aiming to support enterprises in AI transformation and capture opportunities in the estimated $240 billion AI market.

Key Facts

• 7-month net profit: VND 5,885 billion, up 14.3% YoY.
• 7-month revenue: VND 30,784 billion, up 13.6% YoY.
• Pre-tax profit: VND 6,659 billion, up 18.3% YoY.
• EPS: VND 3,453 per share, up 13.8% YoY.
• Technology segment revenue: VND 27,298 billion, up 16% YoY, accounting for 89% of total revenue.
• Foreign IT services revenue: VND 22,362 billion, up 14.4% YoY; Japan market grew 23.9% (29.1% in JPY).
• New orders abroad: VND 31,401 billion, up 32.3% YoY; won 14 large projects over USD 10 million each.
• Digital transformation revenue: VND 11,127 billion, up 20.8%; AI/Data Analytics services revenue surged 54%.

What Happened

FPT Corporation released its 7-month 2026 business results, showing robust growth across all key segments. The technology segment continued to drive performance, with foreign IT services revenue reaching VND 22,362 billion, up 14.4% YoY. The Japan market remained a key growth driver, expanding 23.9% in VND terms and 29.1% in JPY terms. New orders abroad surged 32.3% to VND 31,401 billion, supported by large AI infrastructure contracts (AI Factory) and partnerships with technology firms.

In early August, FPT was officially recognized as an OpenAI Select Partner, aiming to help enterprises build AI transformation roadmaps and deploy large-scale AI solutions. This follows FPT’s collaboration with CISD (ASIA), ITOCHU’s IT strategy arm, to establish a Global Technology Center to support digital and AI transformation for ITOCHU’s member companies worldwide.

Market Context

FPT shares closed at VND 68,000 on August 14, 2026, down 1.30% with a volume of 6.8 million shares. The stock has been supported by strong earnings momentum and strategic AI partnerships. FPT’s consistent growth in foreign IT services, particularly in Japan and other key markets, positions it well within Vietnam’s technology sector, which is increasingly focused on AI and digital transformation.

Strategic Significance

FPT’s recognition as an OpenAI Select Partner is a significant strategic milestone. It not only validates FPT’s technical capabilities but also opens access to OpenAI’s ecosystem, enabling FPT to offer cutting-edge AI solutions to its global client base. This partnership, combined with the surge in AI/Data Analytics revenue (up 54%), underscores FPT’s pivot toward high-value AI services. The company’s ability to secure large-scale AI infrastructure contracts (AI Factory) and its strong order pipeline suggest sustained growth ahead. For long-term investors, FPT’s positioning in the AI services market, estimated at $240 billion, could drive revenue and profit growth beyond traditional IT outsourcing.

What to Watch

• Q3 2026 earnings release (expected October 2026) to see if AI-related revenue growth continues.
• Further announcements of AI Factory contracts or OpenAI-related projects.
• Progress of the ITOCHU Global Technology Center and its contribution to revenue.
• Any updates on FPT’s expansion into new markets or additional strategic partnerships.
• Foreign ownership levels and any changes in HOSE trading patterns for FPT.