ACM Research(US:ACMR)2024-11-07 13:24Q3 2024 Financial Performance - Revenue reached $204.0 million, a 21% year-over-year increase[5] - Total shipments amounted to $261 million, up 23% year-over-year[5] - GAAP gross margin was 51.4%, slightly lower than the 52.5% in Q3 2023[5] - Non-GAAP gross margin was 51.6%, compared to 52.9% in Q3 2023[5] - GAAP operating income was $44.2 million, representing 21.7% of revenue[5] - Non-GAAP operating income was $56.1 million, or 27.5% of revenue[5] - Diluted GAAP earnings per share were $0.45, an increase from $0.39 in Q3 2023[5] - Diluted non-GAAP earnings per share were $0.63, up from $0.57 in Q3 2023[5] Revenue Breakdown - For Q3 2024, Cleaning accounted for 79% of revenue, while ECP, Furnace & Other represented 17%, and Advanced Packaging & Other made up 4%[9] - For the first nine months of 2024, Cleaning contributed 76% of revenue, ECP, Furnace & Other 18%, and Advanced Packaging & Other 6%[9] Future Outlook - The company raised its 2024 revenue guidance range to $725 million - $745 million, from the previous $695 million - $735 million[17]