Welcome to our dedicated page for ACM Research news (Ticker: ACMR), a resource for investors and traders seeking the latest updates and insights on ACM Research stock.
ACM Research, Inc. (NASDAQ: ACMR) is a leading developer, manufacturer, and marketer of single-wafer wet cleaning equipment. Founded in 1998 and headquartered in Fremont, California, ACM Research aims to enhance the manufacturing process and yield for integrated chips, offering a range of advanced wafer processing solutions.
Under its flagship ULTRA C brand, the company provides innovative technologies like Space Alternated Phase Shift and Timely Energized Bubble Oscillation. These solutions are crucial for removing particles, contaminants, and defects from flat and patterned wafer surfaces at a microscopic level. The company's product portfolio also includes electro-chemical plating equipment used for advanced metal plating in back-end assembly and packaging processes.
ACM Research sells its products worldwide through a combination of direct sales and third-party representatives. The company has shown impressive growth, with recent financial results indicating a 26% revenue increase to $168.6 million for the third quarter of 2023. This growth is attributed to mature node investments by mainland China-based customers and a strong multi-product portfolio. Their gross margin has also improved, reaching 52.5% for the same quarter.
The company continues to expand its market reach with new products and significant partnerships. Recently, ACM Research introduced the ULTRA C v Vacuum Cleaning Tool to meet flux removal requirements for advanced 3D packaging structures and received orders from major manufacturers in the U.S. and China. Additionally, the company's operating subsidiary in Shanghai paid a substantial dividend to its shareholders and appointed Ernst & Young Hua Ming LLP as its auditor for 2023.
Looking ahead, ACM Research has updated its revenue guidance for 2023 to a range of $520 million to $540 million, reflecting its strong market position and strategic advancements. The company is also investing in its global operations, including increased efforts in Korea, which are expected to yield better traction with local customers and accelerate product development.
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.
FREMONT, Calif., Feb. 14, 2023 – ACM Research, Inc. (NASDAQ:ACMR) will announce its fourth quarter and fiscal year 2022 financial results on February 24, 2023, before the U.S. market opens. The earnings call is set for 8:00 a.m. U.S. Eastern Time (ET). Participants can register online and receive dial-in information via email.
ACM specializes in manufacturing semiconductor process equipment essential for advanced semiconductor device production. The company focuses on cost-effective, high-performance solutions to improve productivity and yield in semiconductor manufacturing.
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.
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