Core Insights - ACM Research, Inc. has released its 2024 Environmental, Social, and Governance (ESG) report, now available in English, highlighting its commitment to sustainability in semiconductor manufacturing [1][2] Company Initiatives - The company emphasizes its dedication to improved ESG performance through innovations like the Tahoe hybrid cleaning system, which significantly reduces sulfuric acid usage, supporting a circular economy [2] - ACM completed its inaugural CDP Climate submission in 2024, enhancing climate risk disclosure and environmental transparency [3] ESG Metrics and Goals - ACM has established a carbon reduction baseline for future greenhouse gas emissions targets [7] - The company aims for a 75% pure water purification rate by 2030 [7] - In 2024, ACM recycled 2,800 kg of plastic crates and 1,200 kg of wooden crates as part of its circular economy initiatives [7] - An ESG risk screening system for suppliers is under development, with a planned launch in 2025 [7] Certifications and Achievements - ACM has maintained ISO 14001 and ISO 9001 certifications across key facilities [7] - The Ultra C Tahoe hybrid cleaning tool offers enhanced cleaning performance with up to 75% reduction in chemical consumption, leading to estimated cost savings of up to $500,000 per year from sulfuric acid alone [7] - The Frame Wafer cleaning tool achieves nearly 100% solvent recovery and filtration efficiency, significantly reducing chemical consumption during production [7]

FREMONT, Calif., June 10, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced the availability of an English version of the 2024 Environmental, Social, and Governance (ESG) report prepared by its principal operating subsidiary ACM Research (Shanghai) Inc. (“ACM Shanghai”). The English version is now available here on ACM’s website under the ESG Reports section. The original ...

Group 1 - The core viewpoint is that ACM Research, Inc. (NASDAQ: ACMR) is seen as a promising investment due to its growth potential in the wafer cleaning segment, which is crucial for the semiconductor supply chain [1] - The company is emerging as a significant player in its industry, indicating a positive outlook for future performance [1] Group 2 - The analysis is based on thorough research and analysis of financial statements, market trends, and upcoming events that may impact the company or industry [1]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $172 million, an increase of 13% compared to Q1 2024 [13][25] - Shipments were $157 million, down 36% year-over-year, attributed to strong demand in Q1 2024 [13][26] - Gross margin was 48.2%, exceeding the target range of 42% to 48% [14][27] - Net cash increased to $271 million from $259 million at the end of 2024 [14][29] Business Line Data and Key Metrics Changes - Revenue from single wafer cleaning tools grew 18%, representing 75% of total revenue [15] - Revenue from ECP, furnace, and other technologies grew 7%, accounting for 16% of total revenue [16] - Revenue from advanced packaging, excluding ECP, was down 10.5%, representing 9% of total revenue [19] Market Data and Key Metrics Changes - In China, the company estimates its market share in wafer cleaning and plating exceeded 25%, translating to over 9% globally for each category [7] - The company is expanding its business into the global market, with investments in an Oregon facility to reduce tariff uncertainties [11][12] Company Strategy and Development Direction - The company aims to develop world-class tools and establish R&D and production in key countries to support major semiconductor customers [9] - The focus remains on delivering differentiated enabling technology to solve critical process challenges for global customers [24] - The long-term revenue target is set at $3 billion, with equal contributions expected from China and the global market [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the shifting global trade environment and its complexities, emphasizing the importance of their established strategy [9] - The company maintains a revenue outlook for 2025 in the range of $850 million to $950 million, implying a 15% year-over-year growth at the midpoint [24] - Management expressed confidence in continued market share growth despite a plateau in the WFE market in China [44][46] Other Important Information - The Oregon facility is being developed to support global customers and is expected to include a clean room and demo lab [23] - The Lingang production and R&D center is nearing completion, with a potential annual production capacity of $3 billion [22] Q&A Session Summary Question: Shipment figures and full-year shipment growth expectations - Management expects shipments to grow in 2025 but acknowledges that the growth rate may not exceed last year's high levels [35][36] Question: Impact of tariffs on profitability - Management believes the impact of tariffs is minimized as they are sourcing more parts locally and from third countries [42] Question: Thoughts on 2026 growth and market conditions - Management indicated that while the WFE market may plateau, they expect to continue gaining market share through innovation and new products [44][46] Question: Domestic competition and potential consolidation in the semiconductor sector - Management expressed confidence in their technology and innovation, stating that local competitors cannot easily replicate their products [52][55]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $172 million, up 13% year-over-year [13][27] - Shipments were $157 million, down 36% compared to Q1 2024 [13][27] - Gross margin was 48.2%, exceeding the targeted range of 42% to 48% [14][28] - Net cash increased to $271 million from $259 million at the end of 2024 [14][31] Business Line Data and Key Metrics Changes - Revenue from single wafer cleaning tools grew 18%, representing 75% of total revenue [15] - Revenue for ECP, furnace, and other technologies grew 7%, accounting for 16% of total revenue [16] - Revenue from advanced packaging, excluding ECP, was down 10.5%, representing 9% of revenue [19] Market Data and Key Metrics Changes - In China, the company estimates its market share in wafer cleaning and plating exceeded 25%, translating to over 9% globally for each category [7] - The company is expanding its business into the global market, particularly in the U.S. [11] Company Strategy and Development Direction - The company aims to develop world-class tools and establish R&D and production in key countries [9] - Investment in the Oregon facility is intended to reduce tariff uncertainty and establish production close to customers [12] - The long-term revenue target is $3 billion, with equal contributions expected from China and the global market [21] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a shifting global trade environment with new tariffs and evolving policies [9] - The company maintains its 2025 revenue outlook in the range of $850 million to $950 million, implying 15% year-over-year growth at the midpoint [24] - Management expressed confidence in continued market share growth despite a plateau in the WFE market in China [47][50] Other Important Information - The Lingang production and R&D center is nearing completion, with a potential annual production capacity of $3 billion [22] - The Oregon facility is being developed to support global customers with a demo lab and clean room [23] Q&A Session Summary Question: Shipment figures and full-year growth expectations - Management expects shipments to grow in 2025 but acknowledges that the growth rate may not exceed last year's high levels [37][38] Question: Impact of tariffs on profitability - Management believes the impact of tariffs is minimized as they are sourcing more parts locally and from third-party countries [44] Question: Thoughts on 2026 growth and market conditions - Management indicated that while the WFE market may plateau, they expect to continue gaining market share through innovation and new products [47][50] Question: Domestic competition and potential consolidation in the semiconductor sector - Management expressed confidence in their technology and innovation, stating that local competitors cannot easily replicate their products [56][59]

Core Viewpoint - ACM Research (ACMR) is expected to report first-quarter 2025 results with projected revenues between $165 million and $170 million, reflecting year-over-year growth of 8.4%-11.7% despite a decline in earnings per share by 28.85% compared to the previous year [1][2]. Financial Performance - The Zacks Consensus Estimate for earnings is 37 cents per share, unchanged over the past 30 days [1]. - ACMR has consistently beaten earnings estimates in the past four quarters, with an average surprise of 97.86% [2]. Market Demand and Product Expansion - The first-quarter performance is anticipated to benefit from strong demand for single-wafer cleaning, electroplating, furnace tools, and advanced packaging, particularly in Mainland China [3]. - New products, including the high-temperature Sulfuric Peroxide Mixture (SPM) and Tahoe, are expected to drive revenue growth [3][5]. - ACMR is expanding its market presence outside Mainland China, engaging with global customers in the U.S., Europe, Korea, Taiwan, and Singapore [4]. Customer Base and Revenue Growth - The diverse customer base includes major players like Huahong Group, SMIC, and YMTC, contributing to solid demand and revenue growth [5]. - The furnace product line is gaining traction, particularly among memory and logic customers, leading to increased revenues from this segment [5]. Challenges - ACMR faces challenges from macroeconomic uncertainties, increasing competition in the semiconductor industry, and U.S. export restrictions [6][16]. Stock Valuation - ACMR shares are considered undervalued, with a forward 12-month Price/Sales ratio of 1.18X compared to the sector's 5.82X and peers like Applied Materials and Lam Research [7]. - The company's shares have increased by 28.3% year-to-date, outperforming the Zacks Computer & Technology sector, which has declined by 8% [10]. Competitive Landscape - ACMR has outperformed key competitors such as Applied Materials, Lam Research, and Tokyo Electron in the year-to-date period [13]. - The company has diversified its product offerings across cleaning, plating, and advanced packaging, targeting a global semiconductor market estimated at approximately $18 billion [14]. Technological Advancements - A major logic device manufacturer in Mainland China has qualified ACMR's Single-Wafer High-Temperature SPM tool, designed for advanced semiconductor applications [15].

ACM Research, Inc. (NASDAQ:ACMR) Q4 2024 Earnings Conference Call February 26, 2025 8:00 AM ET Company Participants Steven Pelayo - Managing Director, The Blueshirt Group David Wang - Chief Executive Officer Mark McKechnie - Chief Financial Officer Conference Call Participants Charles Shi - Needham & Company Mark Miller - The Benchmark Company Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to the ACM Research Fiscal Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. C ...