Acm Research Stock Price, News & Analysis

ACM Research, Inc. (ACMR) announced preliminary financial results for its operating subsidiary, ACM Research (Shanghai), for the year ended December 31, 2022. The total revenue is projected to be between RMB 2.70 billion and RMB 2.90 billion, a significant increase from RMB 1.62 billion in 2021. Net profit is expected to be between RMB 600 million and RMB 720 million, up from RMB 266.2 million in the previous year. Total shipments are forecasted at RMB 3.88 billion to RMB 3.96 billion, compared to RMB 2.41 billion in 2021. The final results will be disclosed after completing quarter-end closing procedures, with detailed financial results set to be released on February 24, 2023.

ACM Research, Inc. (NASDAQ: ACMR) reaffirmed its 2022 revenue outlook of $365-$385 million and projects 2023 revenue between $515-$585 million. The revision anticipates positive growth driven by expected increases in customer spending and post-COVID reopening in China. CEO Dr. David Wang indicated a recovery in mature node spending as customers align production with consumption needs. Upcoming virtual meetings at major investor conferences are scheduled for January 2023.

ACM Research, a supplier of wafer processing solutions, announced its participation in three upcoming virtual investor conferences: the Morgan Stanley Virtual China Opportunity Conference on January 4, 2023, the Credit Suisse Virtual Greater China Technology and Internet Conference on January 5, 2023, and the 25th Annual Virtual Needham Growth Conference on January 12, 2023. Management will be available for meetings with institutional investors. Presentation materials for the conferences will be accessible on their website.

ACM Research (ACMR) announces the launch of its Ultra Pmax^TM PECVD tool, expanding its product line in semiconductor manufacturing. The first shipment is expected to a China-based customer soon. This innovation aims to address the growing demand for mature node capacity in logic device production, particularly as consumption in China exceeds production. ACM anticipates its total addressable market to double with this new tool. The Ultra Pmax^TM features advanced design elements for improved film uniformity and productivity.

ACM Research (ACMR) announces participation in the 11th Annual NYC Summit investor conference on December 13, 2022, alongside 13 other companies. The conference will facilitate small group meetings between investors and management teams, enhancing networking opportunities.

Presentation materials will be available on ACMR’s website. The event is invitation-only, aimed at accredited investors and research analysts, with limited attendance.

ACM Research (NASDAQ: ACMR) has launched its new Ultra Track tool, marking its entry into the $3.7 billion track market. This tool will ship its first ArF model to a Chinese customer soon, with an i-line version expected in 2023. The Ultra Track supports 300mm wafer processing with advanced features aimed at enhancing defectivity, throughput, and cost of ownership. The company aims to position itself as a competitive second source for global semiconductor manufacturers in this growing application area.

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.