Earnings Performance3Q24 revenue hit a record high US$204mn, 7% above Street expectation, with a GM of 51.4% much higher than company guidance.
Market ExpansionACMR is viewed as a key beneficiary of China market memory and matured node expansion.
Revenue OutlookACMR further raised its full-year 2024 revenue outlook to US$725-745mn, reflecting continued investments by its customers, market share gains, and strong product cycles.