Acer Announces November Revenues at NT$22.75 Billion, Up 20.9% Month-on-month and 13.1% Year-on-year

Rhea-AI Summary

Acer reported strong financial performance in November 2024, with consolidated revenues reaching NT$22.75 billion, marking a 20.9% month-on-month and 13.1% year-on-year growth. Year-to-November revenues totaled NT$240.16 billion, up 10.4% YoY.

The company's PC and display business grew 11.0% YoY in November, with Chromebooks showing exceptional performance at 54.1% YoY growth. Non-PC businesses contributed 26.8% of total November revenues. Notable subsidiary performances include Altos Computing (AI servers) growing 64.4% YoY year-to-November and Acer ITS increasing 59.1% YoY in November.

Two subsidiaries, Acerpure and Protrade Applied Materials, began trading on Taipei Exchange Emerging Market, while Winking Studios listed on LSE AIM and SGX Catalyst.

Positive

• Revenue growth of 20.9% MoM and 13.1% YoY in November 2024
• Year-to-November revenue up 10.4% YoY to NT$240.16 billion
• Chromebook sales surge 54.1% YoY in November
• PC and display business grew 11.0% YoY in November
• Subsidiary Altos Computing (AI servers) grew 64.4% YoY year-to-November
• Acer ITS revenues increased 59.1% YoY in November

Negative

• None.

TAIPEI, Dec. 9, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for November at NT$22.75 billion with 20.9% growth month-on-month and 13.1% growth year-on-year (YoY). Consolidated revenues for year-to-November revenues reached NT$240.16 billion with 10.4% growth YoY. Revenues from the personal computers^[1] and display business grew 11.0% YoY in November and 9.4% YoY year-to-November. Chromebooks saw a 54.1% jump YoY in November, signaling strong demand.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 26.8% of the group's total revenues in November and 28.3% year-to-November. Acer's public subsidiaries have announced their November revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 3.3% YoY in November and 64.4% YoY year-to-November
• Acer ITS Inc. revenues grew 59.1% YoY in November and 35.3% YoY year-to-November

Two public Acer subsidiaries have begun trading in November, including Acerpure Inc. and Protrade Applied Materials Corp. on the Taipei Exchange Emerging Market, while Winking Studios also started trading on the London Stock Exchange AIM (WKS.L) in addition to the Singapore Exchange Catalyst (WKS.SI).

[1] Personal computers business includes desktop and notebooks

About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

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SOURCE Acer

FAQ

What was Acer's (ACEYY) revenue in November 2024?

Acer's consolidated revenue in November 2024 was NT$22.75 billion.

How much did Acer's (ACEYY) Chromebook sales grow in November 2024?

Acer's Chromebook sales grew 54.1% year-over-year in November 2024.

What percentage of Acer's (ACEYY) November 2024 revenue came from non-PC businesses?

Non-PC and display businesses contributed 26.8% of Acer's total revenues in November 2024.

How much did Acer's (ACEYY) year-to-November 2024 revenue grow?

Acer's year-to-November 2024 revenue grew 10.4% year-over-year, reaching NT$240.16 billion.