ACM Research(US:ACMR)2025-05-08 11:47Q1 2025 Financial Performance - Revenue reached $172.3 million, a 13% year-over-year increase[9] - GAAP gross margin was 47.9%, compared to 52.0% in Q1 2024[9] - Non-GAAP gross margin was 48.2%, compared to 52.5% in Q1 2024[9] - GAAP operating income was $25.8 million, representing 15.0% of revenue, a 2.2% year-over-year increase[9] - Non-GAAP operating income was $35.6 million, representing 20.7% of revenue, a 10.6% year-over-year decrease[9] - Diluted GAAP earnings per share were $0.30, compared to $0.26 in Q1 2024[9] - Diluted non-GAAP earnings per share were $0.46, compared to $0.52 in Q1 2024[9] Revenue Breakdown by Product (Q1 2025) - Cleaning product revenue was $129.6 million, comprising 75% of total revenue, up 18.4%[13] - ECP, Furnace & Other product revenue was $27.6 million, comprising 16% of total revenue, up 7.1%[13] - Advanced Packaging & Other product revenue was $15.1 million, comprising 9% of total revenue, down 10.5%[13] Future Outlook and Targets - The company maintains its 2025 revenue guidance range of $850 million to $950 million[34] - The long-term revenue target is greater than $3 billion[18]