Acer Announces Q2 2024 Operating Income at NT$1.47 Billion, Up 87.9% Quarter-on-quarter and 40.3% Year-on-year

TAIPEI (August 8, 2024) Acer Inc. (TWSE: 2353) announced its financial results for the second quarter of 2024. Consolidated revenues reached NT$67.14 billion, up 15.2% year-on-year (YoY); operating income was NT$1.47 billion, up 87.9% quarter-on-quarter (QoQ) and 40.3% YoY, with 2.2% margin; net income^[1] was NT$1.40 billion with earnings-per-share NT$0.47.

For 1H 2024, Acer’s consolidated revenues reached NT$125.97 billion, up 13.8% YoY; gross profits reached NT$13.37 billion with 15.1% growth YoY and 10.6% margin; operating income was NT$2.25 billion, up 75.1% YoY; and net income^[1] was NT$2.61 billion with 36.6% growth YoY and earnings-per-share of NT$0.87.

In the second quarter, businesses other than computers and displays contributed 28.1% of total revenues, and 35.2% of operating income.

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