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) 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.
ACM Research (NASDAQ: ACMR) announced the successful qualification and mass production of its Ultra C VI tool, a cutting-edge semiconductor cleaning solution with 18 chambers. This tool enhances throughput by 50% compared to its predecessor, accommodating over 800 wafers per hour. With applications in both front-end and back-end processes, it meets the rising demand for semiconductor manufacturing efficiency, particularly amid the push for smaller technology nodes. The Ultra C VI tool was also validated by a major memory chip manufacturer in China.
ACM Research, Inc. (NASDAQ: ACMR) will disclose its preliminary revenue range for Q1 2022 before the U.S. market opens on April 27, 2022. This announcement aligns with the reporting obligations of its subsidiary, ACM Research (Shanghai), to the Shanghai Securities and Exchange Commission. The full financial results will be released on May 6, 2022, followed by a conference call at 8:00 a.m. ET. Investors can access the call via a designated conference ID. This update is part of ACM's commitment to transparency with its financial disclosures.
FAQ
What is the current stock price of ACM Research (ACMR)?
What is the market cap of ACM Research (ACMR)?
What does ACM Research, Inc. specialize in?
What are some of ACM Research’s key technologies?
How does ACM Research market its products?
What recent financial achievements has ACM Research reported?
What are some of the new products introduced by ACM Research?
What is ACM Research’s current revenue guidance for 2023?
What strategic advancements is ACM Research making in Korea?
Who has ACM Research appointed as its auditor for 2023?
Where is ACM Research headquartered?
What is the significance of ACM Research’s ULTRA C brand?
