Acer’s Q3’23 Consolidated Revenue Grows 4.0% YoY and 15.8% QoQ, Reaching NT$67.47 Billion

Acer Inc. reported impressive consolidated revenues of NT$ 28.06 billion in September 2023, marking a significant 29.4% month-on-month growth, and continued its upward trajectory with a 4.0% year-on-year increase and a notable 15.8% quarter-on-quarter growth in the third quarter.

Acer reported impressive consolidated revenues of NT$ 28.06 billion, marking a significant 29.4% month-on-month growth
Notebook business experienced a remarkable 31.3% month-on-month revenue growth
Gaming business saw an impressive 45.0% month-on-month revenue increase

Acer Inc., the Taiwanese multinational hardware and electronics corporation, is showing no signs of slowing down in its business growth. In September 2023, Acer reported impressive consolidated revenues of NT$ 28.06 billion, marking a significant 29.4% month-on-month growth. This positive trend continued throughout the third quarter, with preliminary consolidated revenues reaching NT$ 67.47 billion, a 4.0% year-on-year increase and a notable 15.8% quarter-on-quarter growth.

Let’s dive into the highlights of Acer’s September performance. The notebook business experienced a remarkable 31.3% month-on-month revenue growth, showcasing the strong demand for Acer’s portable computing solutions. Additionally, the gaming business saw an impressive 45.0% month-on-month revenue increase, reflecting the growing popularity of gaming among consumers.

Zooming out to the third quarter of 2023, we can observe further positive developments. The notebook business continued its upward trajectory with a solid 19.4% quarter-on-quarter revenue growth. The desktop business also experienced significant growth, with revenues increasing by 27.8% quarter-on-quarter. Moreover, Acer’s eco-conscious line, Vero, saw a commendable 28.2% quarter-on-quarter revenue growth, indicating the increasing consumer interest in sustainable technology solutions. The gaming business, synonymous with Acer’s commitment to providing high-performance gaming experiences, recorded an impressive 29.7% quarter-on-quarter revenue growth.

Acer’s success is not limited to its core computer and display businesses. The company’s multiple business strategy has proven fruitful, with 11 public subsidiaries announcing their revenues for September and Q3’23. These subsidiaries, operating in diverse industries beyond computers and displays, contributed a significant 24.2% of total revenues in Q3’23.

Let’s take a closer look at some of Acer’s businesses under incubation that have shown promising growth. Altos Computing, a subsidiary specializing in high-performance computing solutions, recorded a noteworthy 39.1% quarter-on-quarter revenue increase in Q3’23. Acerpure Inc., focusing on innovative and eco-friendly products, also experienced a commendable 12.3% quarter-on-quarter revenue growth in the same period.

Acer’s relentless pursuit of growth and diversification has positioned the company as a formidable player in the tech industry. With its strong performance across various business segments and subsidiaries, Acer continues to solidify its position as a leading provider of technology solutions.

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Background Information

About Acer: Acer is a globally recognized technology brand known for its extensive range of products, including laptops, desktops, monitors, and electronic devices. With a focus on innovation and affordability, Acer caters to diverse consumer needs, providing reliable and high-performance solutions. From gaming enthusiasts to professionals, Acer's products span various segments, making it a significant player in the technology industry.