Acer Reports Q3 2021 Preliminary Consolidated Revenues at NT$81.13 Billion, the Highest Q3 in Seven Years

Rhea-AI Summary

Acer Inc. reported September consolidated revenues of NT$27.93 billion, totaling NT$232.47 billion for the year-to-date, reflecting a 19.5% year-on-year growth. For Q3 2021, revenues reached NT$81.13 billion, the highest in seven years. Key highlights include significant revenue growth across product categories: 29.8% for notebooks, 42.7% for Chromebooks, and 44.7% for commercial notebooks. Acer's subsidiaries also showed strong growth, with a 29.0% increase overall. The company will showcase innovations at its next@acer global press conference on October 13.

Positive

• Consolidated revenues for September reached NT$27.93 billion.
• Year-to-September revenues of NT$232.47 billion reflect 19.5% YoY growth.
• Q3 2021 revenues hit NT$81.13 billion, the highest in seven years.
• Notebook revenue grew 29.8% YoY; Chromebook revenue surged 42.7% YoY.
• Overall revenue for Acer's subsidiaries increased by 29.0%.

Negative

• None.

TAIPEI, Oct. 8, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for September at NT$27.93 billion, and for year-to-September at NT$232.47 billion with 19.5% year-on-year (YoY) growth. Preliminary consolidated revenues for the third quarter reached NT$81.13 billion to mark the highest in seven years.

Acer continues to see its business experiencing higher demand than supply. Key business highlights for year-to-September are:

• Notebook revenue grew by 29.8% YoY
• Desktop revenue grew by 11.6% YoY
• Monitor revenue grew by 11.3% YoY
• Gaming line^[1] revenue grew by 29.7% YoY
• Chromebook revenue grew by 42.7% YoY
• Commercial notebook revenue grew by 44.7% YoY

Acer's strategy of establishing multiple business engines continues to gain momentum. The five listed subsidiaries all showed YoY growth in Q3'21, led by Acer Synergy Tech with 59.1%, and overall grew by 29.0%, which was significantly higher than the Acer group's growth of 1.3%. New businesses under incubation also made good progress: Q3'21 revenue for Highpoint Service Networks grew by 32.1%; and for Altos Computing by 58.4%, which specializes in the workstation and server business.

Acer will host its online next@acer global press conference on October 13 at 9pm Taiwan (UTC+8) / New York 9am (UTC-4) / Berlin 3pm (UTC+2) time, where the company will unveil its latest innovations.

[1]  Includes 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.

© 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

FAQ

What were Acer's consolidated revenues for September 2021?

Acer's consolidated revenues for September 2021 were NT$27.93 billion.

How much did Acer make in Q3 2021?

Acer reported preliminary consolidated revenues of NT$81.13 billion for Q3 2021.

What is the year-on-year revenue growth for Acer up to September 2021?

Acer experienced a year-on-year revenue growth of 19.5% for the year-to-September.

When will Acer's next global press conference take place?

Acer's next global press conference is scheduled for October 13, 2021.

How much did Acer's notebook revenue grow in Q3 2021?

Acer's notebook revenue grew by 29.8% year-on-year in Q3 2021.