Loading...
•
Jun 30, 2024
ACM Research Q2 2024 Earnings Report
ACM Research delivered record revenue, strong profitability, and positive cash flow from operations.
Key Takeaways
ACM Research reported strong second-quarter results with record revenue and increased profitability. The company is benefiting from continued investments by customers and market share gains. They also raised their 2024 revenue outlook and long-term revenue target.
Delivered record revenue and strong profitability.
Benefiting from customer investments and market share gains.
Introduced new Panel Electrochemical Plating tool.
Raised 2024 revenue outlook and long-term revenue target.
Revenue by Segment
Forward Guidance
ACM is increasing its revenue guidance for fiscal year 2024 to a range of $695 million to $735 million.
Positive Outlook
- Increased revenue guidance for fiscal year 2024.
- Based on management's current assessment.
- Considers the continuing impact from international trade policy.
- Reflects expected spending scenarios of key customers.
- Accounts for supply chain constraints and the timing of acceptances for first tools.
Challenges Ahead
- Continuing impact from international trade policy.
- Various expected spending scenarios of key customers.
- Supply chain constraints.
- Timing of acceptances for first tools under evaluation in the field.
- Other factors influencing the assessment.
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
Loading earnings performance data...
Loading earnings reaction data...