ACM Research(ACMR) - 2025 Q3 - Earnings Call Presentation

Q3 2025 Financial Performance - Revenue reached $269.2 million, a 32.0% year-over-year increase[9] - Total shipments amounted to $263.1 million, up 1% year-over-year[9] - GAAP gross margin was 42.0%, compared to 51.4% in Q3 2024[9] - Non-GAAP gross margin was 42.1%, versus 51.6% in Q3 2024[9] - GAAP operating income was $28.9 million, down 34.5% year-over-year, representing 10.7% of revenue[9] - Non-GAAP operating income was $36.5 million, a 34.9% decrease year-over-year, accounting for 13.6% of revenue[9] - Diluted GAAP earnings per share were $0.52, compared to $0.45 in Q3 2024[9] - Diluted non-GAAP earnings per share were $0.36, down from $0.63 in Q3 2024[9] Revenue Breakdown by Category - Cleaning revenue was $181.6 million, up 12.8%, representing 67% of total revenue[12] - ECP, Furnace & Other revenue was $59.9 million, a 73.0% increase, accounting for 22% of total revenue[12] - Advanced Packaging & Other revenue was $27.7 million, up 230.6%, making up 10% of total revenue[12] Future Outlook and Targets - The company updated its 2025 revenue guidance range to $875 million - $925 million[32] - The long-term revenue target is greater than $4 billion[16] - Estimated 2025 Serviceable Available Market (SAM) of $20 billion is addressed by the company's current product portfolio[14]