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Mar 31, 2024
ACM Research Q1 2024 Earnings Report
ACM Research's Q1 2024 results reflected strong revenue growth and profitability.
Key Takeaways
ACM Research reported a strong start to 2024 with a 105% increase in revenue, driven by continued spending on mature nodes in mainland China, contributions from new products, and market share gains. The company is maintaining its revenue guidance for fiscal year 2024 at $650 million to $725 million.
Revenue increased by 105% year-over-year, reaching $152.2 million.
Total shipments increased by 175% year-over-year, totaling $245 million.
Operating income increased to $25.2 million, up from $8.9 million in the prior year.
The company introduced a Frame Wafer Cleaning Tool for advanced packaging.
Revenue by Segment
Forward Guidance
ACM is maintaining its revenue guidance range of $650 million to $725 million for fiscal year 2024.
Positive Outlook
- Broadening product portfolio
- Expanding global footprint
- Increased customer traction for Tahoe, single wafer high temperature SPM, and supercritical CO2 dry products
- Continued strength in ECP
- Accelerating customer adoption for furnace products
Challenges Ahead
- Continuing impact from international trade policy
- Various expected spending scenarios of key customers
- Supply chain constraints
- The timing of acceptances for first tools under evaluation in the field
- Currency impacts and sales volume
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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