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Dec 31, 2024
ACM Research Q4 2024 Earnings Report
ACM Research reported strong Q4 2024 results with revenue up 31.2% and operating income up 88.2%.
Key Takeaways
ACM Research reported a strong fourth quarter with revenue reaching $223.5 million, a 31.2% increase year-over-year. The company's operating income saw a significant rise of 88.2%, reaching $44.0 million. Net income attributable to ACM Research, Inc. was $31.1 million, compared to $17.7 million in the same quarter of the previous year. Diluted EPS was reported at $0.46.
Revenue increased by 31.2% year-over-year to $223.5 million.
Operating income rose by 88.2% to $44.0 million.
Net income attributable to ACM Research, Inc. was $31.1 million.
Diluted EPS reached $0.46.
Revenue by Segment
Forward Guidance
ACM is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025. We have updated our long-term business model to a gross margin target range of 42% to 48%, versus the prior range of 40% to 45%.
Positive Outlook
- Maintaining revenue guidance range of $850 million to $950 million for fiscal year 2025.
- Updated long-term business model to a gross margin target range of 42% to 48%.
- Focus on expanding business with incremental revenue contribution from Tahoe, SPM, and Furnace.
- Additional customer evaluations for both Track and PECVD.
- Increasing localization in China and contributions from expanding global footprint.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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