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

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Jul 08, 2022, 06:03 ET

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.

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SOURCE Acer