Acer Reports Q2 Results: Net Income NT$2.90 Billion Marks the Highest in 11 Years, with 142.5% YoY Growth

Rhea-AI Summary

Acer Inc. reported strong Q2 2021 financial results with consolidated revenues of NT$79.78 billion and a net income of NT$2.90 billion, marking the highest in 11 years. This represents a 142.5% year-on-year growth and an EPS of NT$0.97. For the first half of 2021, revenues totaled NT$151.33 billion with net income of NT$5.64 billion, up 221.8% YoY. Acer anticipates continued strong demand in the PC market, with its subsidiaries also showing impressive revenue and profit growth.

Positive

• Q2 2021 net income increased to NT$2.90 billion, highest in 11 years.
• 142.5% year-on-year growth in net income.
• First half 2021 revenue up 221.8% YoY at NT$151.33 billion.
• EPS of NT$0.97 in Q2 2021.

Negative

• None.

TAIPEI, Aug. 4, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the second quarter of 2021: consolidated revenues were NT$79.78 billion; gross profits were NT$9.59 billion with 12.0% margin; operating income was NT$3.98 billion, with a historical high margin of 5.0%; and net income ^[1] was NT$2.90 billion, marking the highest in 11 years with 142.5% year-on-year (YoY) growth and earnings per share (EPS) of NT$0.97.

In the six months ended June 30, 2021, Acer's revenue reached NT$151.33 billion, and net income reached NT$5.64 billion, up 221.8% year-on-year (YoY) with EPS of NT$1.88.

Acer sees the demand for the PC business remaining higher than supply with visibility to the end of the year. In addition, Acer's fleet of listed subsidiary companies have reported their second quarter revenues and profits, which grew faster than the overall group performance, affirming the multiple business engines strategy.

 ^[1]  Net income is reported as profit-after-tax in Acer's financial statements

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.

© 2021 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 Incorporated

FAQ

What were Acer's Q2 2021 financial results?

In Q2 2021, Acer reported NT$79.78 billion in revenues and NT$2.90 billion in net income.

How much did Acer's net income grow in Q2 2021?

Acer's net income grew by 142.5% year-on-year in Q2 2021.

What is Acer's EPS for Q2 2021?

Acer's earnings per share (EPS) for Q2 2021 was NT$0.97.

What are Acer's revenue figures for the first half of 2021?

Acer's revenue for the first half of 2021 was NT$151.33 billion.

What does Acer predict for its PC business demand?

Acer expects demand for the PC business to remain higher than supply through the end of the year.