Acer (2353) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue reached NT$61,338 million, up 4.3% year-over-year but down 7.1% sequentially.

• Net profit after tax was NT$515 million, with EPS of NT$0.17, down from NT$1.2 billion and NT$0.40 a year ago.

• Gross profit was NT$6,478 million, with a gross margin of 10.6%–11%, stable compared to prior quarters.

• Operating income was NT$1,039 million, with an operating margin of 1.7%, up from NT$781 million a year ago.

• Non-PC businesses contributed 31.6% of total revenues; public subsidiaries accounted for 50.1% of operating income.

Financial highlights

• Revenue increased 4.3% year-over-year but declined 7.1% from Q4 2024.

• Gross margin remained steady at 10.6%–11% in Q1 2025.

• Operating income margin was 1.7%, slightly up from 1.6% in Q4 2024.

• Net profit after tax dropped 64% year-over-year to NT$515 million.

• Chromebook revenues grew 35.2% year-over-year in Q1 and 59.7% in March.

Segment performance

• Non-PC businesses (including 13 public subsidiaries) made up 31.6% of Q1 2025 revenue.

• Computer and display segment contributed 68.4% of Q1 2025 revenue.

• EMEA region accounted for 54.1% of Q1 2025 revenue, up from 50.4% in Q1 2024.

• Pan Asia Pacific and Pan America contributed 20.7% and 25.2% of Q1 2025 revenue, respectively.

• No segment breakdown provided in some reports; results are consolidated.