ACM Research(US:ACMR) Newsfilterยท2024-04-26 10:10Core Insights - ACM Research, Inc. expects preliminary unaudited revenue for Q1 2024 to be between $150 million and $152 million, indicating a year-over-year growth of 102% to 105% [2] - Total shipments for Q1 2024 are anticipated to be in the range of $235 million to $240 million, reflecting a year-over-year growth of 163% to 169% [2] - The company reaffirms its full-year 2024 revenue outlook, projecting revenue between $650 million and $725 million, which represents a year-over-year growth of 17% to 30% [2] Company Overview - ACM Research specializes in developing, manufacturing, and selling semiconductor process equipment essential for advanced semiconductor device manufacturing and wafer-level packaging [4] - The company holds an 82.1% equity interest in ACM Shanghai, which significantly contributes to ACM's consolidated revenue and net income [3]