NASDAQ$ACMR
ACM Research Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
ACM Research's Q1 2024 results reflected strong revenue growth and profitability.
ACM Research reported a strong start to 2024 with a 105% increase in revenue, driven by continued spending on mature nodes in mainland China, contributions from new products, and market share gains. The company is maintaining its revenue guidance for fiscal year 2024 at $650 million to $725 million.
- Revenue increased by 105% year-over-year, reaching $152.2 million.
- Total shipments increased by 175% year-over-year, totaling $245 million.
- Operating income increased to $25.2 million, up from $8.9 million in the prior year.
- The company introduced a Frame Wafer Cleaning Tool for advanced packaging.
Headline financials
Revenue & EPS history
ACM Research · Revenue · Quarterly
$152M
Revenue by segment
ACM Research · $169M total across 3 segments · Q3 2023
- Single Wafer Cleaning, Tahoe & Semi-Critical$132M+32.8%78.6%
- ECP, Furnace & Other Tech$25.5M+4.0%15.1%
- Advanced Packaging, Services & Spares$10.6M+12.4%6.3%
Forward guidance
ACM is maintaining its revenue guidance range of $650 million to $725 million for fiscal year 2024.
Tailwinds
- Broadening product portfolio
- Expanding global footprint
- Increased customer traction for Tahoe, single wafer high temperature SPM, and supercritical CO2 dry products
- Continued strength in ECP
- Accelerating customer adoption for furnace products
Headwinds
- Continuing impact from international trade policy
- Various expected spending scenarios of key customers
- Supply chain constraints
- The timing of acceptances for first tools under evaluation in the field
- Currency impacts and sales volume
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+4.6%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+4.8%
Avg return
30 days after
66%
25 / 38 earnings
Positive
+52.3%
Q4 2017
Best reaction
-24.2%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.3% | +9.5% | +29.2% | |
| Q4 2025 | -16.8% | -24.7% | -41.5% | |
| Q3 2025 | -20.0% | -15.3% | -9.8% | |
| Q1 2025 | +11.8% | +25.5% | +23.3% | |
| Q4 2024 | +20.7% | +6.0% | +7.3% | |
| Q3 2024 | +1.4% | -1.5% | -21.4% | |
| Q2 2024 | +28.8% | +24.9% | +3.5% | |
| Q1 2024 | -7.5% | -15.8% | -18.0% | |
| Q4 2023 | +41.9% | +46.5% | +33.7% | |
| Q3 2023 | +17.9% | +13.5% | +7.5% | |
| Q2 2023 | +13.0% | +10.6% | +54.0% | |
| Q1 2023 | +13.4% | +6.4% | +12.2% | |
| Q4 2022 | -9.6% | -9.1% | -3.7% | |
| Q3 2022 | +35.7% | +36.7% | +44.5% | |
| Q2 2022 | +4.8% | +8.9% | -11.3% | |
| Q1 2022 | -19.5% | -27.4% | -9.4% | |
| Q4 2021 | +2.7% | +2.7% | -18.7% | |
| Q3 2021 | -4.8% | -1.2% | -27.0% | |
| Q2 2021 | -2.4% | -0.3% | +4.7% | |
| Q1 2021 | +1.8% | -10.7% | +12.4% | |
| Q4 2020 | -24.2% | -26.0% | -35.0% | |
| Q3 2020 | +0.4% | -8.2% | -14.6% | |
| Q2 2020 | +4.3% | -6.9% | -23.8% | |
| Q1 2020 | +17.3% | +42.9% | +65.7% | |
| Q4 2019 | -14.7% | +9.2% | +50.2% | |
| Q3 2019 | +9.9% | +0.9% | +8.1% | |
| Q2 2019 | +12.5% | +12.4% | -9.5% | |
| Q1 2019 | +0.5% | +3.8% | +1.3% | |
| Q4 2018 | -16.9% | -11.2% | +18.4% | |
| Q3 2018 | +20.1% | +13.0% | +4.7% | |
| Q2 2018 | -0.8% | +0.5% | -9.3% | |
| Q1 2017 | -1.7% | -6.5% | +10.5% | |
| Q1 2018 | -6.0% | -3.4% | -2.3% | |
| Q2 2017 | +2.2% | -1.0% | -5.3% | |
| Q4 2017 | +52.3% | +81.4% | +69.9% | |
| Q4 2016 | +1.0% | -6.3% | -6.6% | |
| Q3 2016 | +1.0% | -6.3% | -6.6% | |
| Q3 2017 | +3.1% | -0.8% | -6.5% | |
| Q2 2016 | — | — | — | |
| Q4 2015 | — | — | — |
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