Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
ACM Research (ACMR)
NASDAQ:ACMR
Holding ACMR?
Track your performance easily
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.43Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -19.74%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and strategic advancements in product development and international expansion. However, concerns about advanced packaging revenue decline, inventory levels, and geopolitical uncertainties were noted.Company Guidance
During the ACM Research Fiscal Third Quarter 2024 earnings call, the guidance provided highlighted several key metrics and projections. The company reported a revenue of $204 million for the quarter, showing a 21% increase, with shipments reaching $261 million, up 23%. The gross margin was 51.6%, and the operating margin was 27.5%. For the first nine months, revenue was $558.6 million, up 44%, and shipments were $709.7 million, up 56%. ACM raised its 2024 revenue outlook to a range of $725 million to $745 million, reflecting a 32% year-over-year growth at the midpoint. The call emphasized ACM's market share gains, particularly in Mainland China, and its efforts to expand internationally, aiming for half of its revenue to come from outside China in the long term. The company also highlighted advancements in its product offerings, such as the Ultra C Tahoe, and its strategic facility expansions in China and the U.S.Strong Revenue and Shipment Growth
Revenue for Q3 was $204 million, up 21%. Shipments were $261 million, up 23%. Year-to-date revenue was $558.6 million, up 44%, and shipments were $709.7 million, up 56%.
Profitability Metrics Exceed Expectations
Gross margin was 51.6% and operating margin was 27.5%, both exceeding long-term targets.
Expansion in Product Capabilities
Significant progress in cleaning product lines, including technical breakthroughs in high-temperature STM solutions and mass production of Ultra C Tahoe.
Raised Revenue Outlook for 2024
The company raised its 2024 revenue outlook to $725-$745 million, representing a 32% year-over-year growth.
International Expansion Efforts
Success in securing orders for advanced packaging tools from a U.S. customer and ongoing evaluations in Europe and Korea.
---
ACMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
ACMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $18.95 | $20.60 | +8.71% |
| Aug 07, 2024 | $15.12 | $17.59 | +16.34% |
| May 08, 2024 | $27.33 | $25.56 | -6.48% |
| Feb 28, 2024 | $21.79 | $30.68 | +40.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does ACM Research (ACMR) report earnings?
ACM Research (ACMR) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is ACM Research (ACMR) earnings time?
ACM Research (ACMR) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACMR EPS forecast?
ACMR EPS forecast for the fiscal quarter 2024 (Q4) is $0.35.
---