Acer Inc Stock Price, News & Analysis

Acer unveiled Project DualPlay, a revolutionary gaming laptop concept, at its next@acer global press conference in Berlin. This Predator concept features a detachable wireless controller that doubles as a touchpad, pop-out speakers, and 360-degree dynamic RGB lighting. The controller can be split into two joysticks for multiplayer gaming, allowing seamless switching between keyboard and controller use.

Key features include:

• Built-in detachable wireless controller
• Two 5-watt pop-out speakers
• Customizable 360-degree RGB lighting
• Infinity mirror lighting bar
• Dual-mode gaming capabilities

Project DualPlay aims to revolutionize gaming laptops by offering versatile and shared PC gaming experiences in a single powerful device.

Acer has expanded its Predator gaming monitor line with two new 27-inch models: the Predator XB273U F5 and the Predator XB273K V5. The Predator XB273U F5 features NVIDIA G-SYNC Pulsar technology, a WQHD resolution, and a 360 Hz refresh rate for unmatched motion clarity. It supports 90% of the DCI-P3 color gamut, HDR, and peak brightness of 550 nits. The Predator XB273K V5 boasts a 4K UHD resolution, a 160 Hz refresh rate, and AMD FreeSync Premium technology. It also includes Dynamic Frequency and Resolution (DFR) technology, allowing users to switch to FHD resolution at 320 Hz. With a contrast ratio of 100,000,000:1, up to 400 nit brightness, and VESA DisplayHDR 400 certification, the XB273K V5 delivers exceptional picture quality. Both monitors have a fast response time of up to 0.5 ms and IPS panels for wide viewing angles. The Predator XB273K V5 will be available in North America, EMEA, and China in Q4 2024, starting at USD 499.99, EUR 699, and RMB 3999, respectively.

Acer has unveiled its first handheld gaming PC, the Nitro Blaze 7, featuring advanced technology for portable gaming. Key features include:

- AMD Ryzen™ 8040 Series processors with up to 39 total AI TOPS
- 7-inch Full HD IPS touch display with 144 Hz refresh rate
- AMD Radeon™ 780M Graphics with FreeSync™ Premium technology
- Up to 2 TB storage and 16 GB LPDDR5x memory
- New Acer Game Space app for integrated gaming platforms
- Windows 11 operating system
- Wi-Fi 6E support for fast connectivity

The compact device aims to provide high-performance gaming on-the-go, combining powerful hardware with a portable design.

Acer has expanded its Copilot+ PC lineup with the new Swift Go 14 AI and Swift 14 AI laptops, offering enhanced performance and productivity with impressive battery life. The Swift Go 14 AI features the latest Snapdragon® X Plus 8-core processor, while the Swift 14 AI is powered by the new AMD Ryzen™ AI 300 Series processors.

Key features include:

• Up to 45 TOPS of AI performance (Swift Go 14 AI)
• Up to 50 NPU TOPS of AI processing power (Swift 14 AI)
• Up to 28 hours of video playback
• 14.5-inch WQXGA display with 120 Hz refresh rate
• Wi-Fi 7 support
• Dedicated Copilot key
• Acer's suite of on-device AI solutions

The Swift Go 14 AI starts at $999.99, while the Swift 14 AI starts at $1,199.99, both available in September in North America.

Acer has launched new Swift 14 AI and Swift 16 AI Copilot+ PCs powered by Intel Core Ultra processors (Series 2). These laptops feature:

• Up to 48 TOPS AI performance with integrated NPU
• Up to 29 hours of video playback on Swift 14 AI
• Premium aluminum designs with up to 3K OLED displays
• Support for Acer-designed AI apps and future Copilot+ PC experiences
• Advanced security features including Intel Partner Security Engine and Microsoft Pluton
• Up to 32 GB LPDDR5X memory and 2 TB PCIe Gen 4 NVMe SSD
• Wi-Fi 7 and Thunderbolt 4 connectivity

The Swift 14 AI starts at $1,199.99 in North America (September), while the Swift 16 AI starts at $1,199.99 (October).

Acer, Cathay Cargo, and Dimerco Express Group are collaborating to reduce carbon emissions in aviation through the use of sustainable aviation fuel (SAF). Starting in 2024, Acer and Dimerco will support SAF use on Cathay Cargo flights as part of Acer's net-zero strategy. SAF, made from plant or animal materials, can reduce aviation's greenhouse gas emissions by up to 80%. This initiative is part of Cathay Pacific's Corporate SAF Programme, one of the first of its kind in Asia.

The collaboration aligns with Acer's Earthion sustainability platform and its commitment to achieve net-zero emissions by 2050. Acer is also investing in smart solutions for carbon reduction, energy savings, and productivity improvements, including e-mobility and energy storage solutions. The company began using biofuel solutions for sea logistics in Q4 2022 and is accelerating its actions towards net-zero carbon emissions.

Acer Inc. (TWSE: 2353) reported strong financial performance for July 2024, with consolidated revenues reaching NT$23.45 billion, marking a 32.3% year-on-year growth. This achievement extends Acer's streak of consecutive YoY growth to 13 months. Year-to-July revenues totaled NT$149.45 billion, up 16.4% YoY. The company's core PC and display business saw significant growth, with revenues increasing 37.6% YoY in July and 18.8% YoY year-to-July.

Acer's diversification strategy continues to yield results, with businesses outside computers and displays contributing 27.0% of total revenues in July and 28.4% year-to-July. Notable performances from subsidiaries include Altos Computing Inc. (AI servers and workstations) with 30.1% YoY growth in July, Acerpure Inc. with 67.5% YoY growth, and Acer ITS Inc. with 42.6% YoY growth.

Acer Inc. (TWSE: 2353) reported strong financial results for Q2 2024, with consolidated revenues of NT$67.14 billion, up 15.2% year-on-year. The company's operating income surged to NT$1.47 billion, marking an impressive 87.9% increase quarter-on-quarter and 40.3% year-on-year, with a 2.2% margin. Net income reached NT$1.40 billion with earnings per share of NT$0.47.

For the first half of 2024, Acer's performance was equally robust. Consolidated revenues hit NT$125.97 billion, up 13.8% year-on-year, while gross profits grew by 15.1% to NT$13.37 billion with a 10.6% margin. Operating income for 1H 2024 increased by 75.1% year-on-year to NT$2.25 billion, and net income rose 36.6% to NT$2.61 billion, resulting in earnings per share of NT$0.87.

Notably, businesses outside of computers and displays contributed significantly, accounting for 28.1% of total revenues and 35.2% of operating income in Q2 2024.

Acer announced June consolidated revenues of NT$28.19 billion, marking a 33.4% month-on-month and 7.1% year-on-year (YoY) growth, achieving 12 consecutive months of YoY growth and the highest revenue in 24 months. Year-to-June revenues reached NT$126.00 billion, reflecting a 13.8% YoY growth. Their personal computers and displays business grew 16.9% in Q2 and 15.8% YoY year-to-June. Non-PC/display businesses contributed 27.6% of June's total revenues and 28.6% year-to-June. Public subsidiaries showed significant growth: Altos Computing Inc.'s revenues surged 163.0% YoY in Q2, Acerpure Inc. grew 32.8% YoY in Q2, and Acer ITS Inc. revenues increased by 8.8% YoY in Q2. Acer also acquired new office space in California, USA, and Taipei City, Taiwan.