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ACM Research, a leading supplier of wafer processing solutions, announces preliminary unaudited revenue and shipments for the first quarter of 2024. Revenue is expected to be $150-152 million with 102-105% year-to-year growth, while total shipments are forecasted to be $235-240 million with 163-169% growth. The company reaffirms its full-year 2024 revenue outlook of $650-725 million, showing 17-30% growth.
ACM Research, un primario fornitore di soluzioni per l'elaborazione di wafer, annuncia i dati preliminari non auditati di ricavi e spedizioni per il primo trimestre del 2024. Si prevede che i ricavi saranno di 150-152 milioni di dollari con una crescita anno su anno del 102-105%, mentre le spedizioni totali dovrebbero ammontare a 235-240 milioni di dollari con una crescita del 163-169%. La società conferma le sue previsioni di ricavi per l'intero anno 2024 di 650-725 milioni di dollari, indicando una crescita del 17-30%.
ACM Research, un proveedor líder de soluciones para el procesamiento de obleas, anuncia los ingresos preliminares no auditados y los envíos para el primer trimestre de 2024. Se espera que los ingresos sean de 150-152 millones de dólares con un crecimiento interanual del 102-105%, mientras que se prevé que los envíos totales alcancen los 235-240 millones de dólares con un crecimiento del 163-169%. La compañía reafirma su perspectiva de ingresos para el año completo 2024 de 650-725 millones de dólares, mostrando un crecimiento del 17-30%.
ACM 리서치, 웨이퍼 처리 솔루션의 선도적 공급업체가 2024년 첫 분기에 대한 예비 미감사 수익과 출하량을 발표합니다. 수익은 1억 5천만-1억 5천 2백만 달러로 전년 대비 102-105% 성장할 것으로 예상되며, 전체 출하량은 2억 3천 5백만-2억 4천만 달러로 163-169% 성장할 것으로 예상됩니다. 회사는 2024년 전체 수익 전망 6억 5천만-7억 2천 5백만 달러를 재확인하며, 이는 17-30%의 성장을 보여줍니다.
ACM Research, un fournisseur de premier plan en solutions de traitement de gaufres, annonce les recettes et expéditions préliminaires non auditées pour le premier trimestre de 2024. Les revenus devraient être de 150 à 152 millions de dollars avec une croissance annuelle de 102-105%, tandis que les expéditions totales sont prévues à 235-240 millions de dollars avec une croissance de 163-169%. La société confirme ses prévisions de revenus pour l'année complète 2024 de 650 à 725 millions de dollars, indiquant une croissance de 17-30%.
ACM Research, ein führender Anbieter von Wafer-Verarbeitungslösungen, gibt vorläufige ungeprüfte Umsatz- und Lieferzahlen für das erste Quartal 2024 bekannt. Der Umsatz wird voraussichtlich 150-152 Millionen Dollar betragen, mit einem Wachstum von 102-105% im Vergleich zum Vorjahr, während die Gesamtlieferungen voraussichtlich 235-240 Millionen Dollar mit einem Wachstum von 163-169% erreichen werden. Das Unternehmen bestätigt seine Umsatzprognose für das gesamte Jahr 2024 von 650-725 Millionen Dollar, was einem Wachstum von 17-30% entspricht.
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Insights
ACM Research's preliminary financials suggest a robust growth trajectory for the first quarter, with revenue potentially doubling year-over-year. This is an indicator of strong product demand and operational efficiency in the semiconductor equipment sector. However, investors should exercise caution until these figures undergo auditing. Given the firm's large stake in ACM Shanghai, fluctuations in exchange rates could influence the consolidated revenue reported in USD. The affirmed full-year outlook reflects management's confidence but must be balanced against sector cyclicality and macroeconomic conditions.
The semiconductor industry is experiencing a period of expansion, where companies like ACM are benefitting from increased demand for wafer processing solutions. ACM's significant shipment growth could be a result of strategic positioning in advanced packaging applications, a segment that is gaining importance with the rise of AI and IoT. However, the industry is known for its volatility and the company's future growth hinges on maintaining technological competitiveness and managing supply chain challenges.
Coincides with Release of ACM Shanghai First Quarter 2024 Results ACM Reaffirms 2024 Revenue Outlook
FREMONT, Calif., April 26, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announces expectations for preliminary unaudited revenue and total shipments for the first quarter of 2024. Today’s release coincides with the as-scheduled release of unaudited financial results by ACM Research (Shanghai), Inc., ACM’s principal operating subsidiary (“ACM Shanghai”), to the Shanghai Stock Exchange website [link to China Disclosure].
ACM will discuss its full financial results for the first quarter 2024 and its revenue outlook for the remainder of the year on its earnings call on Wednesday, May 8, 2024, at 8 a.m. Eastern Time (8 p.m. China Time).
ACM announces the following:
preliminary unaudited revenue for the first quarter of 2024 is expected to be in the range of $150 million to $152 million, which would represent year-to-year growth of 102% to 105%.
preliminary total shipments are expected to be in the range of $235 million to $240 million, which would represent year-to-year growth of 163% to 169%.
re-affirms full year 2024 revenue outlook in the range of $650 million to $725 million, which would represent year-to-year growth of 17% to 30%.
Actual unaudited first quarter 2024 results are subject to the completion of ACM’s quarter end closing procedures and review by ACM’s independent registered public accounting firm.
ACM currently owns an 82.1% equity interest in ACM Shanghai, and a substantial majority of ACM’s consolidated revenue and net income is contributed by ACM Shanghai. The stand-alone financial results of ACM Shanghai are reported in RMB as prepared in accordance with Chinese generally accepted accounting principles, and those results will differ, potentially materially, from ACM’s consolidated revenue and net profit for the period, which will reflect additional financial and operational items and will be prepared in U.S. dollars in accordance with U.S. generally accepted accounting principles.
About ACM Research, Inc.
ACM develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, stress-free polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. ACM is committed to delivering customized, high performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmrcsh.com.
Forward-Looking Statements
Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
What is ACM Research announcing regarding the first quarter of 2024?
ACM Research announces preliminary unaudited revenue and total shipments for the first quarter of 2024, with expected revenue of $150-152 million and total shipments of $235-240 million.
What is the expected year-to-year growth in revenue for ACM Research in the first quarter of 2024?
ACM Research anticipates a year-to-year growth of 102-105% in revenue for the first quarter of 2024.
What is the forecasted year-to-year growth in total shipments for ACM Research in the first quarter of 2024?
ACM Research projects a year-to-year growth of 163-169% in total shipments for the first quarter of 2024.
What is the full-year 2024 revenue outlook provided by ACM Research?
ACM Research reaffirms its full-year 2024 revenue outlook in the range of $650-725 million, showing a year-to-year growth of 17-30%.
When will ACM Research discuss its full financial results for the first quarter of 2024 and its revenue outlook for the remainder of the year?
ACM Research will host an earnings call on Wednesday, May 8, 2024, at 8 a.m. Eastern Time (8 p.m. China Time) to discuss its full financial results for the first quarter of 2024 and its revenue outlook for the remainder of the year.
