Acer Reports Q3 2021 Results: Net Income NT$3.02 Billion, Highest in 11 Years

Rhea-AI Summary

Acer Inc. reported robust financial results for Q3 2021, with consolidated revenues of NT$81.14 billion and net income of NT$3.02 billion, the highest recorded in 11 years. The gross profit was NT$9.37 billion (11.5% margin), and operating income reached NT$3.47 billion (4.27% margin). For the first nine months of 2021, net income was NT$8.66 billion, and EPS was NT$2.88, both doubling the performance from the previous year. Acer continues to address supply chain issues while launching innovative products for the gaming and creator markets.

Positive

• Net income of NT$3.02 billion is the highest in 11 years.
• Consolidated revenues increased to NT$81.14 billion.
• Year-to-September net income doubled to NT$8.66 billion.
• EPS for the year-to-September reached NT$2.88, twice that of 2020.

Negative

• None.

TAIPEI, Nov. 3, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2021: consolidated revenues were NT$81.14 billion; gross profits ended at NT$9.37 billion with 11.5% margin; operating income was NT$3.47 billion with 4.27% margin; earnings before tax ^[1] were NT$4.16 billion; and net income ^[2] was NT$3.02 billion, marking the highest in 11 years.

For year-to-September, Acer generated a net income of NT$8.66 billion and earnings per share (EPS) of NT$2.88, which were both twice as much as the same period in 2020.

Acer is working hard to overcome supply chain and logistics bottlenecks across the industry. For the year-end holiday season, Acer has announced new product lineups for the gaming and creator segments, antimicrobial solution offerings, and most importantly, the Acer Vero series made with recycled materials. With new offerings in the various lifestyle lineups, Acer is confident that its innovation will continue to excel.

[1] Earnings before tax is reported as profit-before-tax in Acer's financial statement

[2] 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

FAQ

What were Acer's Q3 2021 financial results?

Acer reported Q3 2021 revenues of NT$81.14 billion and net income of NT$3.02 billion.

How much net income did Acer generate in the first nine months of 2021?

Acer generated a net income of NT$8.66 billion for the year-to-September 2021.

What is Acer's EPS for the year-to-September 2021?

Acer's earnings per share (EPS) for the year-to-September 2021 was NT$2.88.

What initiatives is Acer taking to address supply chain issues?

Acer is actively working to overcome supply chain and logistics bottlenecks in the industry.

What new products did Acer announce for the holiday season?

Acer announced new products for gaming and creator segments, including the Acer Vero series made from recycled materials.