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Sep 30, 2024
ACM Research Q3 2024 Earnings Report
ACM Research reported strong Q3 2024 results, featuring record revenue and shipments, solid profitability, and positive cash flow from operations.
Key Takeaways
ACM Research reported a strong third quarter with record revenue of $204.0 million, a 21% increase year-over-year. The company's GAAP EPS was $0.45, and non-GAAP EPS was $0.63. The company has raised its revenue guidance for fiscal year 2024 to a range of $725 million to $745 million.
Revenue increased by 21% year-over-year, reaching $204.0 million.
Total shipments in Q3 2024 were $261 million, up 23% from Q3 2023.
The company's upgraded Ultra C Tahoe cleaning tool is now in production at multiple customer facilities in mainland China.
ACM raised its revenue guidance for fiscal year 2024 to $725 million - $745 million.
Revenue by Segment
Forward Guidance
ACM has raised its revenue guidance range for fiscal year 2024 to a range of $725 million to $745 million from the prior range of $695 million to $735 million.
Positive Outlook
- Raised revenue guidance for fiscal year 2024.
- ACM management’s current assessment of the continuing impact from international trade policy.
- Expected spending scenarios of key customers.
- Supply chain constraints.
- Timing of acceptances for first tools under evaluation in the field.
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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