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ACM Research (ACMR)
NASDAQ:ACMR
Earnings Data
Report Date
May 02, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.52Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 1.96%
|Next Earnings Date:May 02, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial growth and operational achievements, including revenue and profit increases, expansion of the product portfolio, and opening of new facilities. Despite these positives, challenges related to the addition to the Entity List and regulatory hurdles present concerns. However, the company's proactive measures to localize the supply chain and its optimistic outlook for future growth contribute to a generally positive sentiment.Company Guidance
During the ACM Research Fiscal Fourth Quarter and Fiscal Year 2024 Earnings Conference Call held on February 26, 2025, the company provided an optimistic outlook for the upcoming year. They projected revenue for 2025 to be between $850 million and $950 million, representing a year-over-year growth of 15% at the midpoint. In 2024, ACM achieved a 40% increase in revenue, reaching $782.1 million, with $223.5 million coming in the fourth quarter alone. Their gross margin for 2024 was 50.4%, and they have updated their 2025 gross margin target range to 42%-48%. The company ended 2024 with $259 million in net cash and saw shipments grow by 63% to $973 million. ACM's impressive performance was driven by robust growth in their Single Wafer Cleaning, Tahoe, and Semi-Critical Cleaning product lines, and an enhanced market presence in Mainland China and globally. They also announced a dividend policy for ACM Shanghai, expecting dividends of 25%-30% of net earnings over the next three years. Despite challenges from U.S. export restrictions, the company remains confident about their supply chain localization efforts and ongoing global customer expansion.Strong Revenue Growth
For the fourth quarter of 2024, ACM Research delivered $223 million in revenue, up 31%. For the fiscal year, revenue reached $782 million, up 40%.
Gross Margin Improvement
Gross margin was 49.8% for the fourth quarter and 50.4% for the full year. The gross margin target range was updated to 42% to 48% from the prior range of 40% to 45%.
Increased Operating Profit
Operating profit increased by 46% in the fourth quarter and 63% for the full year.
Cash Position and Dividends
The company ended the year with $259 million in net cash and time deposits. ACM Shanghai announced its intention to pay a dividend of 25% to 30% of net earnings over the next three years.
Expanding Product Portfolio
ACM Research expanded its product portfolio, addressing an $18 billion global market opportunity, with significant growth in cleaning and plating product lines.
New Facility Openings
ACM Research opened new production and R&D centers in Lingang and Oregon, enhancing their production capabilities and global customer base.
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ACMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $22.94 | $27.69 | +20.71% |
| Nov 07, 2024 | $18.95 | $20.60 | +8.71% |
| Aug 07, 2024 | $15.12 | $17.59 | +16.34% |
| May 08, 2024 | $27.33 | $25.56 | -6.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ACM Research (ACMR) report earnings?
ACM Research (ACMR) is schdueled to report earning on May 02, 2025, TBA Not Confirmed.
What is ACM Research (ACMR) earnings time?
ACM Research (ACMR) earnings time is at May 02, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACMR EPS forecast?
ACMR EPS forecast for the fiscal quarter 2025 (Q1) is 0.32.
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