Acer Reports Net Income for Q3 2022 at NT$1.88 Billion, for Year-to-September at NT$5.84 Billion with EPS NT$1.94

 

TAIPEI (November 3, 2022) Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2022: consolidated revenues were NT$64.89 billion; gross profits ended at NT$6.56 billion with 10.1% margin; operating income was NT$829.61 million; and net income [1] was NT$1.88 billion, which was up 8.8% from the previous quarter or down 37.8% year-on-year (YoY).

For year-to-September, Acer generated consolidated revenues of NT$215.59 billion, net income of NT$5.84 billion, which was down 32.6% YoY, and earnings per share (EPS) of NT$1.94.

Business highlights:

  • The public subsidiaries have all announced their business results with profitability. They contributed to 43% of total operating income of the Acer Group while accounting for 16% of total revenues.
  • Acer strives to optimize its financial position by enhancing its supply chain management and product sell through:
    • Inventory level was NT$58.13 billion, a reduction of NT$5.31 billion and marks a continuous reduction from the first quarter
    • Cash flow from operations was NT$11.78 billion

 

 

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

 

 

 

Corporate Communications

Acer Incorporated

 

 

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About Acer

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 8,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.