Core Insights - ACM Research, Inc. (ACMR) reported quarterly earnings of $0.56 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and up from $0.43 per share a year ago, representing an earnings surprise of 115.38% [1] - The company achieved revenues of $223.47 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 9.55% and increasing from $170.32 million year-over-year [2] - ACM Research shares have increased approximately 51.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.18 on revenues of $177 million, and for the current fiscal year, it is $1.80 on revenues of $900 million [7] - The estimate revisions trend for ACM Research is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Semiconductor Equipment - Material Services industry, to which ACM Research belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Supplemental Investor Presentation Earnings Release – Fourth Quarter and Fiscal Year 2024 February 26, 2025 Forward-Looking Statements. Certain statements contained in this presentation are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "plans," "expects," "believes," "anticipates," "designed," and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM ...

Revenue Outlook - ACM Research updated its 2024 revenue outlook, indicating a projected revenue of $300 million, representing a 20% increase compared to 2023[4] - The company provided an initial outlook for 2025 revenue, estimating it to be approximately $360 million, which reflects a 20% growth year-over-year[4] Market Expansion - ACM Research is focusing on expanding its market presence in Asia, targeting a 25% increase in market share by the end of 2025[4] - The press release highlights significant user data, with a 15% increase in customer adoption of new technologies in the semiconductor sector[4] Research and Development - The company is investing in R&D for new product lines, with a budget allocation of $50 million for 2025, aiming to enhance its technological capabilities[4] Strategic Acquisitions - ACM Research plans to explore strategic acquisitions to bolster its product offerings, with a target of completing at least one acquisition by mid-2025[4] Operational Efficiency - The company reported a gross margin of 45% for the latest fiscal year, indicating strong operational efficiency[4] - ACM Research aims to reduce operational costs by 10% through process optimization initiatives in 2025[4] Capital Expenditures - The company anticipates a 30% increase in capital expenditures to support its growth strategy in the upcoming year[4] Sustainability Commitment - ACM Research is committed to sustainability, with plans to implement eco-friendly practices in its manufacturing processes by 2025[4]

Core Viewpoint - ACM Research, Inc. reported strong financial performance for the fiscal year 2024, with significant revenue growth and operational milestones achieved, while maintaining a positive outlook for 2025 [2][3]. Financial Performance - Revenue for the fourth quarter of 2024 was $223.5 million, a 31.2% increase from $170.3 million in the fourth quarter of 2023 [6][22]. - For the full year 2024, revenue reached $782.1 million, up 40.2% from $557.7 million in 2023 [5][22]. - Gross margin for the fourth quarter was 49.6%, compared to 46.4% in the same quarter of 2023, while the full year gross margin was 50.1%, up from 49.5% [6][22]. - Operating income for the fourth quarter was $44.0 million, an increase of 88.2% compared to $23.4 million in the fourth quarter of 2023 [13][22]. - Net income attributable to ACM Research, Inc. for the fourth quarter was $31.1 million, compared to $17.7 million in the same quarter of 2023 [13][22]. Operational Highlights - Total shipments in 2024 were $973 million, reflecting a 63.1% increase [7]. - Major operational milestones included process qualification of Thermal and Plasma-Enhanced ALD furnace tools at two semiconductor customers in mainland China and the commencement of operations at the Lingang production facility [2][3]. - The company expects incremental revenue contributions from new product lines and increased localization in China [2]. Outlook - ACM maintains its revenue guidance for fiscal year 2025 in the range of $850 million to $950 million, considering various market factors [3]. - The long-term gross margin target has been updated to a range of 42% to 48% [3]. Product and Market Performance - Revenue from single wafer cleaning, Tahoe, and semi-critical cleaning equipment was $155.2 million in the fourth quarter of 2024, up from $122.3 million in the same quarter of 2023 [25]. - The majority of revenue in 2024 came from mainland China, totaling $775.8 million, compared to $540.9 million in 2023 [25]. Cash Flow and Financial Position - Cash flow from operations for the year was $152 million, with cash and cash equivalents totaling $441.9 million at year-end [2][6]. - Operating expenses for the full year increased by 33.4% to $240.6 million, but as a percentage of revenue, they decreased to 30.8% from 32.3% [6][22].

Core Insights - ACM Research, Inc. reported a strong financial performance for the fiscal year 2024, with a revenue increase of 40% and total shipments rising by 63% compared to the previous year [2][3] - The company achieved significant operational milestones, including process qualification of its Thermal and Plasma-Enhanced ALD furnace tools at two semiconductor customers in mainland China and the commencement of operations at its Lingang production facility [2][3] - For fiscal year 2025, ACM maintains its revenue guidance range of $850 million to $950 million, reflecting ongoing assessments of international trade policies and customer spending scenarios [3] Financial Performance - For the fourth quarter of 2024, ACM reported revenue of $223.5 million, a 31.2% increase from $170.3 million in the fourth quarter of 2023 [6][18] - The gross margin for the fourth quarter was 49.6%, up from 46.4% in the same quarter of the previous year, while the non-GAAP gross margin was 49.8% compared to 46.8% [6][18] - Operating income for the fourth quarter was $44.0 million, an increase of 88.2% from $23.4 million in the fourth quarter of 2023 [6][18] - For the full year 2024, total revenue reached $782.1 million, up 40.2% from $557.7 million in 2023, with a gross margin of 50.1% compared to 49.5% in 2023 [6][18] Operational Highlights - Total shipments in 2024 amounted to $973 million, reflecting a 63.1% increase from the previous year, with fourth-quarter shipments at $264 million compared to $140 million in the fourth quarter of 2023 [2][6] - The company reported cash flow from operations of $152 million for the fiscal year 2024 [2] - ACM's operating expenses for the fourth quarter were $66.8 million, a 20.0% increase from the previous year, but as a percentage of revenue, they decreased to 29.9% from 32.7% [6][18] Product and Market Expansion - ACM expanded its product portfolio and broadened its addressable markets, contributing to increased market share and customer engagement [2] - The company anticipates incremental revenue contributions from new product lines such as Tahoe, SPM, and Furnace, as well as increased localization efforts in China [2][3] - Revenue from single wafer cleaning, Tahoe, and semi-critical cleaning equipment was $155.2 million for the fourth quarter, up from $122.3 million in the same quarter of 2023 [20]

Group 1 - The latest trading session for ACM Research, Inc. (ACMR) ended at $23.20, reflecting a +1.27% adjustment from the previous close, outperforming the S&P 500's gain of 1.04% [1] - ACMR shares have increased by 28.06% over the last month, significantly surpassing the Computer and Technology sector's gain of 1.48% and the S&P 500's gain of 3.92% [1] Group 2 - ACM Research, Inc. is scheduled to release its earnings report on February 26, 2025, with analysts expecting earnings of $0.26 per share, indicating a year-over-year decline of 39.53% [2] - The consensus estimate anticipates revenue of $188.17 million, representing a 10.48% increase from the same quarter last year [2] Group 3 - Recent adjustments to analyst estimates for ACM Research, Inc. reflect short-term business trends, with positive revisions indicating analyst optimism regarding the company's business and profitability [3] - Empirical research shows that revisions in estimates correlate with impending stock price performance [4] Group 4 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record of outperforming, with stocks rated 1 producing an average annual return of +25% since 1988 [5] - Currently, ACM Research, Inc. holds a Zacks Rank of 3 (Hold) [5] Group 5 - ACM Research, Inc. has a Forward P/E ratio of 12.73, which is in line with the industry average [6] - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 86, placing it in the top 35% of all industries [6]

Company Performance - ACM Research, Inc. (ACMR) closed at $22.76, reflecting a -1.09% change from the previous day, underperforming compared to the S&P 500's daily loss of 0.95% [1] - The stock has increased by 49.32% over the past month, contrasting with the Computer and Technology sector's decline of 1.55% and the S&P 500's gain of 1.86% [1] Upcoming Financial Results - ACM Research, Inc. is set to announce its earnings on February 26, 2025, with projected earnings per share (EPS) of $0.26, indicating a 39.53% decrease from the same quarter last year [2] - Revenue is forecasted to be $188.17 million, representing a 10.48% growth compared to the same quarter of the previous year [2] Analyst Estimates - Recent changes to analyst estimates for ACM Research, Inc. are important for investors, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [3] - The Zacks Rank system, which incorporates these estimate changes, provides a quantitative model for evaluating stock performance [4] Zacks Rank and Valuation - ACM Research, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The company is trading at a Forward P/E ratio of 12.78, which aligns with the industry average, suggesting no significant deviation in valuation [6] Industry Context - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 87, placing it in the top 35% of over 250 industries [6] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - ACM Research, Inc. will announce its financial results for the fourth quarter and fiscal year 2024 on February 26, 2025, before the U.S. market opens [1] Group 1: Earnings Call Details - The earnings call is scheduled for 8:00 a.m. U.S. Eastern Time on February 26, 2025 [2] - Participants must complete an online registration process to join the conference call via telephone, which aims to reduce delays due to operator congestion [2] - A live and archived webcast of the conference call will be available on ACM's website [3] Group 2: Company Overview - ACM develops, manufactures, and sells semiconductor process equipment, including cleaning, electroplating, and wafer-level packaging tools [4] - The company focuses on delivering customized, high-performance, and cost-effective process solutions to improve productivity and product yield for semiconductor manufacturers [4]

Core Viewpoint - ACM Research, Inc. is experiencing significant stock performance and upcoming earnings release that will be closely monitored by investors [1][2]. Group 1: Stock Performance - ACM Research, Inc. closed at $20.54, showing no change from the previous trading day, which is better than the S&P 500's loss of 0.51% [1]. - The company's shares have gained 31.92% over the past month, outperforming the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% [1]. Group 2: Earnings Projections - The upcoming earnings per share (EPS) for ACM Research, Inc. is projected to be $0.26, reflecting a 39.53% decrease from the same quarter last year [2]. - Revenue is estimated to be $188.17 million, indicating a 10.48% growth compared to the same quarter of the previous year [2]. Group 3: Analyst Estimates - Recent modifications to analyst estimates for ACM Research, Inc. are important as they reflect short-term business trends and analyst optimism regarding the company's profitability [3]. - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [4]. Group 4: Zacks Rank and Valuation - ACM Research, Inc. currently holds a Zacks Rank of 3 (Hold), with no change in the consensus EPS estimate over the past month [5]. - The company has a Forward P/E ratio of 11.41, which is in line with the industry average, indicating no significant deviation from the group [6]. Group 5: Industry Context - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, ranks in the top 36% of all industries according to the Zacks Industry Rank [6]. - The Zacks Industry Rank measures the strength of industry groups, showing that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7].

Company Performance - ACM Research, Inc. (ACMR) closed at $18.42, reflecting a -1.44% change from the previous trading day's closing, underperforming compared to the S&P 500 which gained 0.53% [1] - The stock has increased by 21.52% over the past month, outperforming the Computer and Technology sector's gain of 3.02% and the S&P 500's gain of 2.69% [1] Upcoming Earnings - The company is expected to report an EPS of $0.26, indicating a 39.53% decrease from the same quarter last year [2] - Revenue is forecasted to be $188.17 million, representing a 10.48% increase from the prior-year quarter [2] Analyst Estimates - Recent changes to analyst estimates for ACM Research, Inc. reflect shifting short-term business dynamics, with positive revisions indicating optimism about the company's outlook [3] Valuation Metrics - ACM Research, Inc. is currently trading at a Forward P/E ratio of 10.38, which is in line with the industry average [6] - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [6]