Acm Research Stock Price, News & Analysis

ACM Research, Inc. (NASDAQ: ACMR) has announced its preliminary unaudited revenue for Q1 2023, expected to be between $70 million and $74 million. The actual results will be finalized post quarter-end closing procedures and independent review. An earnings call to discuss full financial results is scheduled for May 5, 2023, at 8 AM Eastern Time. This announcement coincides with ACM Shanghai's unaudited financial results published on the Shanghai Stock Exchange. ACM holds an 82.5% equity interest in ACM Shanghai, which significantly contributes to ACM's revenue and net income. The financial results from ACM Shanghai will be reported in RMB under Chinese GAAP, differing from ACM’s consolidated results, which follow U.S. GAAP.

ACM Research, Inc. (NASDAQ: ACMR) has announced it will provide its preliminary revenue range for Q1 2023 on April 26, 2023, aligning with reporting requirements for its subsidiary in Shanghai. The full financial results will follow on May 5, 2023, before the U.S. market opens, accompanied by a conference call at 8:00 a.m. ET to discuss the results. ACM develops and sells semiconductor process equipment critical for advanced manufacturing processes, emphasizing customized solutions to enhance productivity and yield.

ACM Research (NASDAQ: ACMR) announced on March 27, 2023, that it received its first purchase order for the Ultra C SiC substrate cleaning tool from a leading Chinese silicon carbide manufacturer. This tool utilizes ACM's patented Space Alternated Phase Shift (SAPS) cleaning technology to enhance cleaning without harming device features. The shipment is expected by Q3 2023. The rise in demand for SiC substrates, crucial for power semiconductors used in electric vehicles and renewable energy, is projected to reach over $4 billion by 2026. ACM's CEO highlighted the firm’s commitment to expanding its product offerings in this growing sector.

ACM Research, Inc. (NASDAQ: ACMR) announced its participation in the 35th Annual ROTH Conference on March 14, 2023, in Dana Point, California. The company, known for its wafer processing solutions for semiconductor applications, will engage in one-on-one and small group meetings with institutional investors during the event. Interested parties can contact a Roth sales representative for more details. ACM Research specializes in manufacturing equipment for advanced semiconductor device production and is focused on delivering cost-effective and customized process solutions that enhance productivity and yield.

ACM Research, Inc. (ACMR) announced its first tool order for the Ultra C SAPS-V cleaning tool from a leading European semiconductor manufacturer, expected to ship in Q4 2023. This marks a significant step in ACM's expansion into the European market, following its success in China and ongoing evaluations in the U.S. Dr. David Wang emphasized the importance of this order as a testament to their technology’s strength and the sales team’s efforts. The SAPS technology offers superior cleaning through innovative megasonic wave application, enhancing efficiency and effectiveness in semiconductor manufacturing.

ACM Research, Inc. (NASDAQ: ACMR) announced its Q4 and fiscal year 2022 results, showcasing a 49.7% revenue growth to $388.8 million. For Q4, revenue rose 14.1% to $108.5 million. Gross margins improved, with Q4 at 49.6% and fiscal year at 47.2%. However, operating expenses increased 63.6% to $124.6 million. Despite a loss of $7.9 million on trading securities, net income rose to $39.3 million, up from $37.8 million. ACM maintains its revenue guidance for 2023 between $515 million and $585 million, emphasizing growth through new products and international expansion.