Acer Reports Q2 Preliminary Revenues at NT$72.35 Billion, Down 9.3% Year-on-Year

Rhea-AI Summary

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.

Positive

• June revenues reached NT$30.94 billion, highest in 8 years.
• Desktop PC revenue grew 9.3% in June and 15.4% in H1.
• Gaming revenue increased 25.7% in June.
• Acer's public subsidiaries reported 31.9% YoY growth in Q2.

Negative

• Overall revenues for H1 declined by 0.4% YoY.
• Gaming revenue declined by 12.3% in Q2.

TAIPEI, July 8, 2022 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for June at NT$30.94 billion, marking an eight-year high over the same period, with growth of 3.1% year-on-year (YoY) and 39.5% month-on-month (MoM). Consolidated revenues for the first half (H1) summed up at NT$150.72 billion, which was flattish with 0.4% decline YoY. The company also managed to continuously reduce overall inventory levels.

Business highlights year-on-year include:

• Desktop PC business revenue grew 9.3% in June, 2.9% in Q2, and 15.4% in H1
• Gaming business ^[1] revenue grew 25.7% in June, declined by 12.3% in Q2, and grew 4.9% in H1

Acer's seven public subsidiaries have all announced their Q2 2022 revenues with an overall growth of 31.9% YoY. On top of their strong business growth, Acer's strategy to build multiple business engines is gaining good momentum.

• Acer Gaming Inc. revenue in Q2 grew 42.9% YoY
• Acer Gadget Inc. revenue in Q2 grew 25.1% YoY
• MPS Energy Inc. revenue in Q2 grew 63.4% YoY
• Altos Computing Inc. revenue in Q2 grew 59.0% YoY
• AcerPure Inc. revenue in Q2 grew 70.7% YoY

The businesses other than PCs and displays contributed to 21.1% of total Q2 revenues.

 [1]  Acer's gaming related products and businesses

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 7,500 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.

© 2022 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 were Acer's revenues for June 2022?

Acer's revenues for June 2022 were NT$30.94 billion.

How did Acer's revenues perform in the first half of 2022?

For the first half of 2022, Acer's revenues totaled NT$150.72 billion, a slight decline of 0.4% year-on-year.

What is the growth rate of Acer's desktop PC revenue?

Acer's desktop PC revenue grew by 9.3% in June 2022 and by 15.4% in the first half of the year.

Did Acer's gaming revenue increase or decrease in Q2 2022?

Acer's gaming revenue increased by 25.7% in June 2022, but declined by 12.3% in Q2.

What was the overall growth of Acer's public subsidiaries in Q2 2022?

Acer's public subsidiaries reported an overall revenue growth of 31.9% year-on-year in Q2 2022.