Acer Announces Q1 2024 Net Income at NT$1.20 Billion, Up 133.4% Year-on-year

TAIPEI (May 9, 2024) Acer Inc. (TWSE: 2353) announced its financial results for the first quarter of 2024. Consolidated revenues reached NT$58.83 billion, up 12.2% year-on-year (YoY); gross profits reached NT$6.20 billion with 15.5% growth YoY and 10.5% margin; operating income was NT$781 million, up 227.4% YoY, with 1.3% margin; and net income^[1] was NT$1.20 billion with 133.4% growth YoY and earnings-per-share of NT$0.40.

In the first quarter, businesses other than computers and displays contributed 29.4% of total revenues, and 57.6% of operating income.

_{[1] Net income is reported as profit-after-tax in Acer’s financial statements.}