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Acer Inc. (TWSE: 2353) announced its Q3 2022 financial results, reporting consolidated revenues of NT$64.89 billion and a net income of NT$1.88 billion, down 37.8% YoY but up 8.8% sequentially. For the year-to-date, revenues totaled NT$215.59 billion with a net income of NT$5.84 billion, reflecting a 32.6% YoY decline. Notably, operating income was NT$829.61 million, with a gross profit margin of 10.1%. Acer reduced its inventory to NT$58.13 billion, enhancing cash flow from operations to NT$11.78 billion.
Acer Inc. reported consolidated revenues of NT$17.46 billion for July, down 5.2% year-to-date at NT$168.18 billion. However, commercial business revenues grew 10.9% year-on-year. The company's strategy to diversify beyond PCs is paying off, with non-PC revenues accounting for 26.6% of total revenues. Significant growth was noted in subsidiaries, such as Acer Gadget Inc. (21% YoY), MPS Energy Inc. (46.5% YoY), Altos Computing Inc. (119.4% YoY), and AcerPure Inc. (75.5% YoY).
Acer Inc. reported Q2 2022 financial results with consolidated revenues of NT$72.32 billion, and a net income of NT$1.72 billion, translating to an EPS of NT$0.58. The gross profit margin was 11.1% while operating income stood at NT$2.17 billion with a 3.0% margin. Inventory decreased to NT$63.44 million. Acer anticipates lower revenues from its PC business in the latter half of the year, although revenues from non-PC businesses rose to 21.1% of total revenue, up from 16.2% a year prior.
Acer Inc. reported consolidated revenues of NT$30.94 billion for June, achieving an 8-year high with a 3.1% YoY and 39.5% MoM growth. For the first half of 2022, revenues totaled NT$150.72 billion, a slight 0.4% YoY decline. The desktop PC business revenue grew 9.3% in June and 15.4% in H1, while the gaming segment saw 25.7% growth in June. Acer's public subsidiaries reported an overall 31.9% YoY increase in Q2 revenues, showcasing a successful strategy to diversify its business.
Acer Inc. reported its Q1 2022 financial results, achieving consolidated revenues of NT$78.38 billion, a 9.5% year-over-year increase. Gross profits were NT$8.85 billion, with a margin of 11.3%. The operating income hit a 12-year high at NT$2.91 billion with a 3.7% margin, while net income was NT$2.23 billion and EPS was NT$0.74. Business faced challenges due to the Russia-Ukraine conflict and pandemic-related supply-chain disruptions. Despite these hurdles, the eco-friendly Aspire Vero laptop gained international acclaim with multiple design awards.
Acer Inc. has suspended its business operations in Russia due to ongoing conflicts and is prioritizing employee safety. The company's March consolidated revenues reached NT$30.31 billion, marking a 9.2% year-on-year increase. The first quarter revenues totaled NT$78.37 billion, up 9.5% year-on-year, the highest in nine years. Key growth areas included a 25.9% rise in gaming revenues and a 36.9% increase in commercial revenues. Overall, revenues from non-PC sectors grew 32.1% year-on-year.
Acer Inc. reported its fourth quarter and full year financial results for 2021, showcasing a recovery with consolidated revenues of NT$86.53 billion for Q4 and NT$319.01 billion for the year. The company achieved a net income of NT$2.24 billion in Q4 and a total of NT$10.90 billion for the year, marking the highest net income in 11 years. Earnings per share (EPS) stood at NT$0.75 for Q4 and NT$3.63 for the year. A cash dividend of NT$2.28 per share was approved, reflecting a 52% YoY increase.
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