Acer Reports Q3'23 Consolidated Revenue Growth of 4.0% YoY and 15.8% QoQ at NT$67.47 Billion, and September Growth of 29.4% MoM at NT$28.06 Billion

Rhea-AI Summary

Acer Inc. reports strong growth in September and Q3'23

Positive

• Acer's September consolidated revenues grew by 29.4% MoM to NT$28.06 billion
• Q3'23 consolidated revenues reached NT$67.47 billion, up 4.0% YoY and 15.8% QoQ
• Notebook business revenues grew by 31.3% MoM and 19.4% QoQ
• Gaming business revenues grew by 45.0% MoM and 29.7% QoQ
• Altos Computing revenues in Q3'23 grew by 39.1% QoQ
• Acerpure Inc. revenues in Q3'23 grew by 12.3% QoQ

Negative

• None.

TAIPEI, Oct. 11, 2023 /PRNewswire/ -- Acer Inc. (TWSE: 2353) continues its business growth momentum in September and the third quarter of 2023. Acer reported its September consolidated revenues at NT$ 28.06 billion with 29.4% growth month-on-month (MoM) and summed up its preliminary consolidated revenues for Q3'23 at NT$67.47 billion, up 4.0% year-on-year (YoY) and 15.8% quarter-on-quarter (QoQ).

September business highlights:

• Notebook business revenues grew 31.3% MoM
• Gaming business ^[1] revenues grew 45.0% MoM

Q3'23 business highlights:

• Notebook business revenues grew 19.4% QoQ
• Desktop business revenues grew 27.8% QoQ
• Vero eco-conscious line revenues grew 28.2% QoQ
• Gaming business ^[1] revenues grew 29.7% QoQ

Acer's multiple business strategy persists to reach new heights; 11 public subsidiaries have announced their revenues for September and Q3'23, and businesses other than computers and displays contributed 24.2% of total revenues in Q3'23. Highlights of businesses under incubation:

• Altos Computing revenues in Q3'23 grew 39.1% QoQ
• Acerpure Inc. revenues in Q3'23 grew 12.3% QoQ

[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 7,700 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.

© 2023 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 September consolidated revenues?

Acer's September consolidated revenues were NT$28.06 billion, with a 29.4% MoM growth.

How much did Acer's Q3'23 consolidated revenues reach?

Acer's Q3'23 consolidated revenues reached NT$67.47 billion, up 4.0% YoY and 15.8% QoQ.

What was the growth rate of Acer's notebook business revenues in September?

Acer's notebook business revenues grew by 31.3% MoM in September.

How much did Acer's gaming business revenues grow in Q3'23?

Acer's gaming business revenues grew by 29.7% QoQ in Q3'23.

What was the growth rate of Altos Computing revenues in Q3'23?

Altos Computing revenues in Q3'23 grew by 39.1% QoQ.

How much did Acerpure Inc. revenues grow in Q3'23?

Acerpure Inc. revenues in Q3'23 grew by 12.3% QoQ.