Acm Research - ACMR STOCK NEWS

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.

ACM Research, Inc. (NASDAQ: ACMR) has appointed Armanino LLP as its independent auditor for the fiscal year ending December 31, 2022. This appointment follows ACM's process to ensure compliance with the U.S. Holding Foreign Companies Accountable Act (HFCAA). With Armanino's audit, ACM aims to be removed from the SEC’s HFCAA issuer list, alleviating concerns over potential delisting. Stockholder ratification of this appointment is set for the Annual Meeting on June 30, 2022.

ACM Research reported first-quarter 2022 revenues of $42.2 million, a 3.5% decline from $43.7 million in Q1 2021, attributed primarily to COVID-19 restrictions in Shanghai. Gross margins improved to 46.7%, up from 41.3% year-over-year. However, the company suffered a net loss of $5.8 million compared to a net income of $5.5 million in Q1 2021. Operating expenses surged by 98.6% to $29 million. Despite challenges, ACM expects to maintain revenue guidance of $365 million to $405 million for 2022, bolstered by ongoing demand for its semiconductor tools.

ACM Research, Inc. (NASDAQ: ACMR) announced a significant contract with a leading Chinese OSAT for 10 Ultra ECP ap high-speed plating tools, set for delivery in 2022 and 2023. This order follows previous commitments for 21 ECP tools from a top-tier Chinese foundry, highlighting growing market traction for ACM's ECP technologies. The high-speed plating technology is already qualified by multiple customers, supporting advanced wafer-level packaging applications critical for sectors like 5G and autonomous vehicles.

ACM Research announced preliminary revenue estimates for Q1 2022 between $40 million and $42 million, significantly lower than expected due to operational challenges from COVID-19 lockdowns in Shanghai. The company anticipates some revenue to be deferred to Q2 2022. ACM holds an 82.5% equity interest in its subsidiary, ACM Shanghai, which contributes the majority of its consolidated revenue. The company will provide a full financial update and outlook on its earnings call on May 6, 2022.