MINISFORUM MS-03

Published on August 26, 2026

The MINISFORUM MS-03 drops Intel’s Panther Lake silicon into the same sub-2-liter chassis the MS-01 uses, and points it at home labs, edge servers, and virtualization hosts rather than at a desk. Minisforum sells it in two CPU tiers: a 12-core Core Ultra 5 336H and a 16-core Core Ultra 9 386H, both vPro-enabled parts from Intel’s Core Ultra Series 3 family. Networking is the headline. Two 10G SFP+ cages on Intel X710 controllers sit alongside a 10GbE RJ45 and a 2.5GbE RJ45, which is one more 10-gigabit interface than the MS-01 carried. Storage moves to three M.2 slots with the first two wired for PCIe 5.0 x4, and an M.2-to-U.2 adapter ships in the box so an enterprise NVMe drive can go in instead. The physical PCIe x16 slot survives from the MS-01, though Minisforum wired this one at PCIe 4.0 x4 rather than x8.

Pros and Cons of the MINISFORUM MS-03

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MINISFORUM MS-03 Comparison Chart

	MINISFORUM MS-03	MINISFORUM MS-03	MINISFORUM MS-03	MINISFORUM MS-03	MINISFORUM MS-03	MINISFORUM MS-03
Price	List Price: $949.00 Amazon Prices: Check Price on Amazon	List Price: $1649.00 Amazon Prices: Check Price on Amazon	List Price: $2199.00 Amazon Prices: Loading prices...	List Price: $1249.00 Amazon Prices: Loading prices...	List Price: $1899.00 Amazon Prices: Check Price on Amazon	List Price: $2499.00 Amazon Prices: Check Price on Amazon
Version	Barebone/Core Ultra 5 336H	32GB/1TB/Core Ultra 5 336H	64GB/2TB/Core Ultra 5 336H	Barebone/Core Ultra 9 386H	32GB/1TB/Core Ultra 9 386H	64GB/2TB/Core Ultra 9 386H
Performance Rating	8.5	9.1	9.3	9.6	10.3	10.5
Operating System	No OS	Windows 11 Pro	Windows 11 Pro	No OS	Windows 11 Pro	Windows 11 Pro
Processor	Twelve-core 1.90 Ghz (max 4.60 Ghz) Intel Core Ultra 5 336H	Twelve-core 1.90 Ghz (max 4.60 Ghz) Intel Core Ultra 5 336H	Twelve-core 1.90 Ghz (max 4.60 Ghz) Intel Core Ultra 5 336H	Sixteen-core 2.10 Ghz (max 4.90 Ghz) Intel Core Ultra 9 386H	Sixteen-core 2.10 Ghz (max 4.90 Ghz) Intel Core Ultra 9 386H	Sixteen-core 2.10 Ghz (max 4.90 Ghz) Intel Core Ultra 9 386H
GPU	Integrated Intel Graphics	Integrated Intel Graphics	Integrated Intel Graphics	Integrated Intel Graphics	Integrated Intel Graphics	Integrated Intel Graphics
RAM	0 GB DDR5 SO-DIMM, 2-channel (Up to 128GB; ships at 5600 MT/s)	32 GB DDR5 SO-DIMM, 2-channel (Up to 128GB; ships at 5600 MT/s)	64 GB DDR5 SO-DIMM, 2-channel (Up to 128GB; ships at 5600 MT/s)	0 GB DDR5 SO-DIMM, 2-channel (Up to 128GB; ships at 5600 MT/s)	32 GB DDR5 SO-DIMM, 2-channel (Up to 128GB; ships at 5600 MT/s)	64 GB DDR5 SO-DIMM, 2-channel (Up to 128GB; ships at 5600 MT/s)
Internal Storage	0 GB NVMe SSD	1 TB NVMe SSD	2 TB NVMe SSD	0 GB NVMe SSD	1 TB NVMe SSD	2 TB NVMe SSD
Dimensions width x length x thickness	7.72 x 7.44 x 1.89 inches (196.09 x 188.98 x 48.01 mm)	7.72 x 7.44 x 1.89 inches (196.09 x 188.98 x 48.01 mm)	7.72 x 7.44 x 1.89 inches (196.09 x 188.98 x 48.01 mm)	7.72 x 7.44 x 1.89 inches (196.09 x 188.98 x 48.01 mm)	7.72 x 7.44 x 1.89 inches (196.09 x 188.98 x 48.01 mm)	7.72 x 7.44 x 1.89 inches (196.09 x 188.98 x 48.01 mm)
Weight	3.09 lbs (1.4 kg)	3.09 lbs (1.4 kg)	3.09 lbs (1.4 kg)	3.09 lbs (1.4 kg)	3.09 lbs (1.4 kg)	3.09 lbs (1.4 kg)
WiFi	Wi-Fi 7 (802.11be)	Wi-Fi 7 (802.11be)	Wi-Fi 7 (802.11be)	Wi-Fi 7 (802.11be)	Wi-Fi 7 (802.11be)	Wi-Fi 7 (802.11be)
Bluetooth	6	6	6	6	6	6
Ethernet	4 Ethernet ports at 10 Gbps	4 Ethernet ports at 10 Gbps	4 Ethernet ports at 10 Gbps	4 Ethernet ports at 10 Gbps	4 Ethernet ports at 10 Gbps	4 Ethernet ports at 10 Gbps
HDMI	1 Full-Size HDMI Port	1 Full-Size HDMI Port	1 Full-Size HDMI Port	1 Full-Size HDMI Port	1 Full-Size HDMI Port	1 Full-Size HDMI Port
DisplayPort	DP 2.1 Alt Mode via 2 USB4 ports	DP 2.1 Alt Mode via 2 USB4 ports	DP 2.1 Alt Mode via 2 USB4 ports	DP 2.1 Alt Mode via 2 USB4 ports	DP 2.1 Alt Mode via 2 USB4 ports	DP 2.1 Alt Mode via 2 USB4 ports
VGA	No VGA Ports	No VGA Ports	No VGA Ports	No VGA Ports	No VGA Ports	No VGA Ports
USB Ports	2 USB 2.0, 3 USB 3, 2 USB 4, 2 USB-C Front: 1x USB-A 10Gbps, 2x USB 2.0. Rear: 2x USB-A 10Gbps, 2x USB4 (40Gbps)	2 USB 2.0, 3 USB 3, 2 USB 4, 2 USB-C Front: 1x USB-A 10Gbps, 2x USB 2.0. Rear: 2x USB-A 10Gbps, 2x USB4 (40Gbps)	2 USB 2.0, 3 USB 3, 2 USB 4, 2 USB-C Front: 1x USB-A 10Gbps, 2x USB 2.0. Rear: 2x USB-A 10Gbps, 2x USB4 (40Gbps)	2 USB 2.0, 3 USB 3, 2 USB 4, 2 USB-C Front: 1x USB-A 10Gbps, 2x USB 2.0. Rear: 2x USB-A 10Gbps, 2x USB4 (40Gbps)	2 USB 2.0, 3 USB 3, 2 USB 4, 2 USB-C Front: 1x USB-A 10Gbps, 2x USB 2.0. Rear: 2x USB-A 10Gbps, 2x USB4 (40Gbps)	2 USB 2.0, 3 USB 3, 2 USB 4, 2 USB-C Front: 1x USB-A 10Gbps, 2x USB 2.0. Rear: 2x USB-A 10Gbps, 2x USB4 (40Gbps)
Thunderbolt Ports	No	No	No	No	No	No
OCuLink	No	No	No	No	No	No
Internal SATA Ports	No SATA ports	No SATA ports	No SATA ports	No SATA ports	No SATA ports	No SATA ports
Card Reader	No Card Reader	No Card Reader	No Card Reader	No Card Reader	No Card Reader	No Card Reader
Headphone Jack	combo	combo	combo	combo	combo	combo
Fanless	No	No	No	No	No	No
VESA Mount	No	No	No	No	No	No
In the Box	Main unit, 240W power adapter, power cord, HDMI cable, SSD heatsink, M.2-to-U.2 adapter and screws, manual	Main unit, 240W power adapter, power cord, HDMI cable, SSD heatsink, M.2-to-U.2 adapter and screws, manual	Main unit, 240W power adapter, power cord, HDMI cable, SSD heatsink, M.2-to-U.2 adapter and screws, manual	Main unit, 240W power adapter, power cord, HDMI cable, SSD heatsink, M.2-to-U.2 adapter and screws, manual	Main unit, 240W power adapter, power cord, HDMI cable, SSD heatsink, M.2-to-U.2 adapter and screws, manual	Main unit, 240W power adapter, power cord, HDMI cable, SSD heatsink, M.2-to-U.2 adapter and screws, manual
Expandability	Up to 128GB DDR5 across 2 SO-DIMM slots. 3x M.2 NVMe (2x PCIe 5.0 x4, 1x PCIe 4.0 x1), U.2 drives via the included adapter. PCIe x16 physical slot wired at PCIe 4.0 x4 for half-height single-slot cards up to 170mm.	Up to 128GB DDR5 across 2 SO-DIMM slots. 3x M.2 NVMe (2x PCIe 5.0 x4, 1x PCIe 4.0 x1), U.2 drives via the included adapter. PCIe x16 physical slot wired at PCIe 4.0 x4 for half-height single-slot cards up to 170mm.	Up to 128GB DDR5 across 2 SO-DIMM slots. 3x M.2 NVMe (2x PCIe 5.0 x4, 1x PCIe 4.0 x1), U.2 drives via the included adapter. PCIe x16 physical slot wired at PCIe 4.0 x4 for half-height single-slot cards up to 170mm.	Up to 128GB DDR5 across 2 SO-DIMM slots. 3x M.2 NVMe (2x PCIe 5.0 x4, 1x PCIe 4.0 x1), U.2 drives via the included adapter. PCIe x16 physical slot wired at PCIe 4.0 x4 for half-height single-slot cards up to 170mm.	Up to 128GB DDR5 across 2 SO-DIMM slots. 3x M.2 NVMe (2x PCIe 5.0 x4, 1x PCIe 4.0 x1), U.2 drives via the included adapter. PCIe x16 physical slot wired at PCIe 4.0 x4 for half-height single-slot cards up to 170mm.	Up to 128GB DDR5 across 2 SO-DIMM slots. 3x M.2 NVMe (2x PCIe 5.0 x4, 1x PCIe 4.0 x1), U.2 drives via the included adapter. PCIe x16 physical slot wired at PCIe 4.0 x4 for half-height single-slot cards up to 170mm.

Detailed Insights into the MINISFORUM MS-03

The chassis measures 196 x 189 x 48 mm and weighs 1.4 kg, which keeps the MS-03 under two liters and visually identical to the MS-01 and MS-A2 that share the shell. The front face carries a power button, a 3.5mm combo jack, one USB-A 3.2 Gen 2 port and two USB 2.0 Type-A ports. The rear adds two more USB-A 3.2 Gen 2 ports, two USB4 Type-C ports rated at 40Gbps with DisplayPort 2.1 Alt Mode, an HDMI 2.1 FRL output good for 4K at 120Hz, the four network interfaces, and a barrel jack for the 240W adapter. Cooling is a two-heatpipe heatsink with an 83mm turbo fan and phase-change thermal material, with a second small fan over the Gen 5 SSD slots; Minisforum rates the balanced profile at 32dB to 45dB from 50cm in its own anechoic-chamber testing, and offers a quieter profile in the BIOS that lowers both power limits to 45W.

Both CPU tiers are Panther Lake parts that Intel launched in the first quarter of 2026 on its 18A process, and both drop simultaneous multithreading entirely. The Core Ultra 9 386H has 16 cores and 16 threads (four performance cores boosting to 4.9 GHz, eight efficient cores, and four low-power efficient cores) with 18MB of cache, a 50 TOPS NPU and a four-core Intel Graphics iGPU rated at 40 TOPS. The Core Ultra 5 336H trims that to 12 cores and 12 threads at up to 4.6 GHz, with a 47 TOPS NPU and a 37 TOPS iGPU. Intel rates both at 25W base power; Minisforum runs the 386H at 70W PL1 and 80W PL2 in balanced mode and the 336H at 65W for both limits. For scale against the box this replaces, PassMark puts the 386H at roughly 36,200 against 29,600 for the i9-13900H in the MS-01, a gain of about 22 percent in multi-threaded throughput from a chip Intel rates at 25W base and 80W turbo against the older part’s 45W base and 115W turbo.

Storage and expansion are where the MS-03 diverges most from its predecessor, in both directions. Three M.2 slots are inside: one 2280 slot on PCIe 5.0 x4 that also accepts a U.2 drive through the bundled adapter, a second 2280 or 22110 slot on PCIe 5.0 x4, and a third 2280 or 22110 slot wired at PCIe 4.0 x1. That third slot is worth knowing about before you plan a three-drive array, because it has a fraction of the bandwidth of the other two. The PCIe x16 physical slot takes half-height single-slot cards up to about 6.7 inches long and 0.8 inches thick but is electrically PCIe 4.0 x4, half the lanes the MS-01 offered. Memory is two DDR5 SO-DIMM slots supporting 5600, 6400 and 7200 MT/s and up to 128GB, though Minisforum ships the configured SKUs at 5600. One listing detail to ignore: the Amazon title for the 336H configuration advertises “5X SSD Slot”, while the same listing’s own description, Minisforum’s spec sheet and both reviews below all describe three. The retail metadata also lists the model as “DeskMini”, which is not a name Minisforum uses for this machine.

Reviewer Insights

Robtech

Robtech’s MS-03 versus MS-01 comparison benchmarks a prebuilt 386H unit with 32GB and a 1TB SSD against its predecessor, repeating the run across the balanced and quiet power modes and again with a second memory stick fitted. He opens by framing what the box is for: “Minisforum is back with the MS03, a dedicated workstation mini PC built for serious workloads.” Walking the rear panel, he counts off the barrel jack, dual USB-A, HDMI 2.1, dual USB4, the 10-gigabit and 2.5-gigabit LAN ports and the two SFP cages, and concludes “Yep, networking is definitely a strong point.”

His most useful finding is about memory. The prebuilt he received shipped single-channel: “Unfortunately, this one comes with just a single 32 GB DDR5 5600 RAM stick instead of 2 x 16, which will affect both CPU and iGPU performance.” He re-ran the suite with a second stick installed to quantify it. In Cinebench single-core the MS-03 came in 22 percent ahead of the MS-01 regardless of memory configuration, and 36 percent ahead in multi-core out of the box, with quiet mode costing about 11 percent of that multi-core result. Geekbench single-core rose 15 percent over the MS-01, but multi-core out of the box fell behind the older machine and only moved ahead by 15 percent once the second stick went in. Graphics scaled hardest of all: 3DMark Time Spy improved 22.5 percent with one stick and 54 percent with two, and Steel Nomad improved 59 percent and 94 percent respectively, which he summarized as “So, easily a multi-generational improvement in the iGPU.”

The complaints are specific. He measured idle power draw well below the MS-01 and a lower maximum, and found peak CPU temperature slightly better than the older box, but fan noise went the other way: “fan noise out of the box is loud when the CPU is stressed”, the highest of the mini PCs in his comparison set, with quiet mode described as much more reasonable and the bottom fan tunable through the BIOS because it is PWM. He also flagged the bundled power supply and the lack of a USB-C charging path, saying “The power brick is ginormous and USB C PD is not an option.” On value his verdict was blunt: “The build quality is nice. The price is not”. He still landed on the machine being hard to substitute, noting “there aren’t exactly a huge amount of options if this is what you need for your usage case.” Separately, he confirmed Ubuntu ran with all network ports, HDMI audio, Wi-Fi and Bluetooth working, that Windows 11 Pro on the prebuilt came back clean on a malware scan, that an external GPU over USB4 worked, and that the BIOS exposes no RAID option.

VirtualizationHowto

Brandon Lee’s hands-on review at VirtualizationHowto approaches the MS-03 from the Proxmox side, on a review unit supplied by Minisforum, and against a fleet of MS-01s he has run since early 2024. His framing is that “The MS-03 feels like THE evolution of the MS-01”, and networking is the reason: “The networking is one of the definite strong suits of the MS-03”. He notes the MS-03 gains a 10-gigabit interface over the MS-01 by replacing one of the older machine’s 2.5GbE ports, and reports that a fresh Proxmox 9.2 install recognized all four adapters without intervention.

Power efficiency is his headline measurement. Running the MS-03 at full CPU load, he recorded that “With the MS-03, under 100% CPU load, I saw 75.9 watts of power draw, almost half of what I saw with the MS-01.” Idle sat a little over 13.3 watts on his meter, with no VMs running and only the 2.5GbE port connected. He also calls vPro one of the sleeper features of these Intel CPUs, having built out-of-band power and console management across five Proxmox nodes on his MS-01 cluster, where it “has actually turned out to be a killer feature for me in the home lab”; the 386H is a vPro part, so the same path is available here.

His reservations are concrete and worth weighing against the spec sheet. He singles out the third M.2 slot’s single PCIe lane as a detail that is easy to miss when planning a three-drive ZFS pool, and points out that the expansion slot’s drop from x8 on the MS-01 to x4 halves the bandwidth available to an add-in card. He would rather see Intel silicon on the 10GbE copper port than the Realtek RTL8127 Minisforum used, and says that is the part he intends to watch under Linux over a longer run. On acoustics his experience matches Robtech’s: the fans ramp up and down noticeably, and were audible under the full-load test in a way his MS-01s are not.

Conclusion

The MS-03 is a narrow machine aimed at a narrow job, and on that job it improves on the MS-01 in most of the ways that matter. Three 10-gigabit ports, two PCIe 5.0 storage slots, U.2 support out of the box, vPro on both CPU tiers, and a measured full-load draw around half the MS-01’s make it a sensible node for a Proxmox cluster, a high-speed NAS front end, an edge server, or a software router with room left over. Barebone SKUs on both CPU tiers matter more than usual given what memory and storage cost in 2026, and the two SO-DIMM slots mean nothing is soldered down.

The compromises are equally specific. The expansion slot lost half its lanes, the third M.2 slot is a PCIe 4.0 x1 afterthought rather than a third equal drive bay, the 10GbE copper port is Realtek rather than Intel, and both reviewers found the fans clearly audible under sustained load, with Robtech noting the bottom fan is PWM and its curve can be dropped in the BIOS. The four-core Intel Graphics iGPU is the smaller of the two Panther Lake graphics configurations, so this is not a gaming box even though it improved enormously over the MS-01 on that front; if graphics matter more than networking, the GMKtec EVO-T2 pairs an X-series Panther Lake chip with the much larger Arc B390, and our overview of the Panther Lake NUCs and their Arc B390 graphics covers that side of the lineup. If you want more PCIe lanes and a full desktop GPU slot in the same family, the MS-02 Ultra is the bigger, hotter, heavier answer.

For those comparing options, see our Mini PC Comparison Chart to find the best match for your needs.

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