NASDAQ$ACMR
ACM Research Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
ACM Research reported strong Q3 2024 results, featuring record revenue and shipments, solid profitability, and positive cash flow from operations.
ACM Research reported a strong third quarter with record revenue of $204.0 million, a 21% increase year-over-year. The company's GAAP EPS was $0.45, and non-GAAP EPS was $0.63. The company has raised its revenue guidance for fiscal year 2024 to a range of $725 million to $745 million.
- Revenue increased by 21% year-over-year, reaching $204.0 million.
- Total shipments in Q3 2024 were $261 million, up 23% from Q3 2023.
- The company's upgraded Ultra C Tahoe cleaning tool is now in production at multiple customer facilities in mainland China.
- ACM raised its revenue guidance for fiscal year 2024 to $725 million - $745 million.
Headline financials
Revenue & EPS history
ACM Research · Revenue · Quarterly
$204M
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 has raised its revenue guidance range for fiscal year 2024 to a range of $725 million to $745 million from the prior range of $695 million to $735 million.
Tailwinds
- Raised revenue guidance for fiscal year 2024.
- ACM management’s current assessment of the continuing impact from international trade policy.
- Expected spending scenarios of key customers.
- Supply chain constraints.
- Timing of acceptances for first tools under evaluation in the field.
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 Q3 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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