Acer (2353) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue reached NT$73,399 million, up 10.3% sequentially and 1.0% year-over-year; nine-month revenue was NT$201,269 million, a 1.3% year-over-year increase.

• Net income for Q3 2025 was NT$2.03 billion, up from NT$1.63 billion in Q3 2024; nine-month net income was NT$4.05 billion, down from NT$4.63 billion in the prior year.

• Operating income for Q3 2025 was NT$1,505 million, a 105% increase from the previous quarter but a 6% decrease year-over-year.

• EPS for Q3 2025 was NT$0.37, up 2.8% sequentially and down 26% year-over-year; nine-month EPS was NT$0.90, down from NT$1.37 in the same period last year.

• Total assets as of September 30, 2025, were NT$252.4 billion, with equity of NT$95.0 billion and liabilities of NT$157.4 billion.

Financial highlights

• Gross margin in Q3 2025 was 11.2%, up from 10.1% in Q2 2025 and 10.6% in Q3 2024; stable at 11% year-over-year.

• Profit after tax for Q3 2025 was NT$1,110 million, a 51% increase from Q2 2025 but a 49% decrease year-over-year.

• Cash and cash equivalents at September 2025: NT$30,124 million, down from NT$37,700 million at year-end 2024.

• Operating margin in Q3 2025: 2.05%, up from 1.10% in Q2 2025.

• Net cash used in operating activities for the nine months was NT$2.65 billion, an improvement from NT$9.17 billion used in the prior year.

Outlook and guidance

• Year-over-year revenue growth in September 2025: Notebooks +10.7%, Desktops +33.4%, Monitors +27.5%, Chromebooks +9.5%, Gaming +35.9%, Commercial PCs +24.5%.

• Businesses outside personal computers and displays contributed 31.8% of total revenues in the first nine months of 2025.

• Management distributed NT$5.18 billion in cash dividends during the nine months ended September 30, 2025.

• No explicit forward-looking guidance provided, but stable revenue and margin trends suggest cautious optimism.