Acer Reports Q2 2020 Results: Operating Income NT$2.13 Billion with Record High Margin of 3.2%

TAIPEI, TAIWAN (August 5, 2020) Acer Inc. (TWSE: 2353) announced its financial results for the second quarter of 2020: consolidated revenues were NT$65.58 billion; gross profits were NT$7.14 billion with 10.9% margin; operating income was NT$2.13 billion, marking a record high^[1] margin of 3.2%; earnings before tax^[2] was NT$1.65 billion; and net income^[3] was NT$1.20 billion with earnings per share (EPS) of NT$0.40. In the six months ended June 30, 2020, Acer’s net income reached NT$1.75 billion, up 57.2% year-on-year (YoY) with EPS of NT$0.58.

In Q2, Acer saw strong business momentum due to work-from-home and distance learning needs in the EMEA (Europe, Middle East, Africa) and Pan America regions, while Pan Asia Pacific continued its recovery from the pandemic lockdown.

At the same time, Acer’s multiple business engines continued their strong momentum; notable performances in Q2 net income include Acer Cyber Security with 24% growth YoY, Weblink International with 25% growth YoY, and Acer Synergy Tech with 88% growth YoY.

^{[1] Since 2002, after the merger of Acer Inc. and Acer Sertek.
​[2] Earnings before tax is reported as profit-before-tax in Acer’s financial statements
​[3] Net income is reported as profit-after-tax in Acer’s financial statements}