Acer Reports Q3 2020 Results: Net Income NT$2.29 Billion, Highest in Nearly Ten Years

TAIPEI,Nov. 4,2020 -- Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2020: consolidated revenues were NT$80.06 billion,up 27.3% year-on-year (YoY); gross profits were NT$8.40 billion with 10.5% margin; operating income was NT$2.91 billion,marking a new record high[1] margin of 3.64%; earnings before tax[2] was NT$3.25 billion; and net income[3] was the highest in nearly 10 years[4] at NT$2.29 billion (up 94.2% YoY) with earnings per share (EPS) of NT$0.76. For the first three quarters of 2020,Acer's consolidated revenues were NT$194.49 billion,up 12.6% YoY,net income reached NT$4.04 billion,up 76.2% YoY with EPS of NT$1.34.

Highlights for the third quarter include year-on-year revenues for Chromebooks growing by 94.4% and for the gaming line[5] by 69.9%,showing that Acer's strong business momentum continues.

[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

[4] Since 2011 Q1

[5] Acer's gaming line includes desktops,notebooks,and monitors

About Acer

Founded in 1976,Acer now is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future,it is focused on enabling a world where hardware,software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality,Acer's 7,000+ 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.comfor more information.

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