ACM Research, Inc. develops, manufactures and sells wafer and panel processing equipment for semiconductor manufacturing and advanced packaging applications. Company news commonly covers financial results, shipment trends, customer orders, and product introductions across cleaning, electroplating, stress-free polishing, vertical furnace, track, PECVD, and wafer- and panel-level packaging tools.
Recurring updates also include ACM’s ACM Planetary Family product organization, advanced packaging platforms, global customer activity, production-capacity initiatives, and disclosures involving ACM Research (Shanghai), Inc., the company’s principal operating subsidiary listed on the Shanghai Stock Exchange STAR Market.
ACM Research (ACMR) has announced the qualification of its first Metal Lift-Off (MLO)-capable Ultra C pr tool for power semiconductor manufacturing in China. This innovative technology optimizes manufacturing by eliminating an etch process step, reducing costs, and improving cycle times. The Ultra C pr tool combines high throughput with superior removal performance, enhancing cleaning for patterned wafers. ACM aims to expand its product range, positioning itself as a multi-product company. The successful qualification is seen as an initial validation of the MLO technology in a production setting.
ACM Research reported strong Q3 2022 results, with revenue reaching $133.7 million, a 99.5% increase year-over-year. Shipments grew by 64%, driven by growth in cleaning tools and new ECP and furnace products. Gross margin improved to 49.3%. Despite record performance, the company lowered its 2022 revenue outlook to $365 million to $385 million due to U.S. trade policy impacts. The construction of its new production facility in Lingang is on schedule, while collaboration with major semiconductor manufacturers continues.
ACM Research, Inc. (NASDAQ: ACMR) has projected its preliminary unaudited revenue for Q3 2022 to fall between $128 million and $133 million. These figures will undergo a final review, and actual results will be disclosed in an earnings call scheduled for November 4, 2022. A significant portion of ACM's revenue is generated through its subsidiary, ACM Research (Shanghai), which reported its financial results separately. ACM holds an 82.5% stake in ACM Shanghai, and its financial reporting follows the U.S. GAAP standards.
ACM Research, Inc. (ACMR) announced the upcoming release of its preliminary revenue range for Q3 2022 on October 27, 2022. This aligns with reporting obligations for its subsidiary in Shanghai. The full financial results will be disclosed on November 4, 2022, accompanied by an earnings call scheduled for 8:00 a.m. U.S. Eastern Time. ACM specializes in semiconductor process equipment, focusing on solutions to enhance productivity and yield in advanced semiconductor manufacturing.
ACM Research, Inc. (NASDAQ: ACMR) announced preliminary unaudited revenue for ACM Research (Shanghai), Inc. for Q3 and the first nine months of 2022. Revenue for Q3 is expected to be between RMB 850.0 million and RMB 930.0 million (USD $119-$131 million), marking an 84%-101% increase from RMB 462.4 million in Q3 2021. For the first nine months, expected revenue ranges from RMB 1,945.5 million to RMB 2,025.5 million (USD $273-$285 million), up 79%-86% from RMB 1,087.7 million in 2021. Backlog as of September 30, 2022, is RMB 4,644.22 million (USD $652.51 million), a 105.32% increase year-over-year.
ACM Research (NASDAQ: ACMR) has introduced the Ultra Fn A furnace tool to enhance its 300mm furnace dry processing platform, specifically targeting thermal atomic layer deposition (ALD). This new tool, shipped to a top-tier foundry in China, aims to facilitate advanced semiconductor manufacturing processes. It effectively deposits silicon nitride and silicon carbide nitride films, crucial for 28nm logic manufacturing. The Ultra Fn A furnace tool promises improved uniformity and reliability, aligning with the growing demand for advanced semiconductor applications.
ACM Research, Inc. (NASDAQ: ACMR) reported strong financial results for Q2 2022, with revenue reaching $104.4 million, a 93.8% increase from Q2 2021. The gross margin improved to 42.3%, up from 40.2% year-over-year. The company's net income rose to $12.2 million, a significant recovery from $6.6 million in Q2 2021, marking a successful rebound post-COVID disruptions. For H1 2022, revenues grew by 50% year-over-year. ACM maintains its 2022 revenue guidance of $365 million to $405 million, anticipating ongoing demand and new product introductions.
ACM Research (NASDAQ: ACMR) will release its Q2 2022 financial results on August 5, 2022, before the U.S. market opens. A conference call to discuss the results will be held at 8:00 a.m. U.S. Eastern Time. Participants can register to join the call via a designated link, ensuring they receive necessary access details. The company specializes in semiconductor process equipment, focusing on delivering high-performance solutions tailored for advanced manufacturing.
ACM Research (NASDAQ: ACMR) has unveiled a new post-CMP cleaning tool, marking its entry into the post-CMP cleaning market. This tool is designed for cleaning substrates after the chemical mechanical planarization process, available in various configurations for silicon carbide and silicon wafers. The new tools can process up to 60 wafers per hour, enhancing throughput and reliability. ACM's offerings aim to address global equipment supply chain delays, providing effective solutions to clients with shorter lead times.
ACM Research (ACMR) announced its participation in the 14th Annual CEO Summit on July 13, 2022, at the St. Regis Hotel, San Francisco. This summit allows investors and analysts to meet with management teams from 12 participating companies, including ACM. Presentations will be made available on ACM's investor page. The summit is co-sponsored by Cowen & Co., Intro-act, Jefferies, and Stifel. Attendance is by invitation only, targeting accredited investors and analysts, with a registration deadline of July 1, 2022.