Overview
ACM Research Q3 revenue grows 32%, beating analyst expectations
Net income for Q3 rises to $35.9 mln, non-GAAP net income declines
ACM Shanghai raises $623 mln in capital to fund growth initiatives
Outlook
ACM narrows 2025 revenue guidance to $875 mln-$925 mln from $850 mln-$950 mln
Result Drivers
TECHNOLOGY DEMAND - Increased demand for ACM's proprietary technologies, including horizontal plating and high-temperature SPM platforms, driven by AI and global datacenter investments
CAPITAL RAISE - ACM Shanghai's $623 mln capital raise to accelerate development of next-gen tools and expand production capacity
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $269.16 mln | $251.70 mln (7 Analysts) |
Q3 EPS | $0.52 | ||
Q3 Net Income | $35.88 mln | ||
Q3 Gross Margin | 42% | ||
Q3 Basic EPS | $0.56 | ||
Q3 Operating income | $28.92 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for ACM Research Inc is $43.00, about 9.5% above its November 4 closing price of $38.90
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nGNX6Wdw3K
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)