ACM Research Q3 2022 revenue $133.7M (+99.5% YoY); lowers 2022 revenue outlook due to U.S. trade policies

ACM Research, Inc.

2022-Q3 EPS reported $0.41 revenue$280,290,000

GAAP diluted EPS $0.32; non-GAAP diluted EPS $0.42; revenue nearly doubled YoY to record $133.7M.
GAAP gross margin improved to 49.3% from 44.3% YoY; operating income $31.6M.
Lowered upper end of 2022 revenue guidance reflecting new U.S. trade policies and supply chain constraints.
Evaluation of two cleaning tools at a large U.S. manufacturer ongoing; exploring expansion in South Korea.
Nine-month revenue $280.3M (+70% YoY); net income attributable to ACM $27.5M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACM Research, Inc. reported third quarter of 2022 results: revenue $133,709, net income $21,004, EPS $0.32.

Period: third quarter of 2022
Revenue: $133,709
Net income: $21,004
EPS: $0.32
Result: reported results

Exact text from the filing

node development for leading-edge fabs of global customers.” Three Months Ended September 30, GAAP Non-GAAP(1) 2022 2021 2022 2021 (dollars in thousands, except EPS) Revenue $ 133,709 $ 67,013 $ 133,709 $ 67,013 Gross margin 49.3 % 44.3 % 49.4 % 44.5 % Income from operations $ 31,636 $ 11,795 $ 33,529 $ 13,073 Net income attributable to ACM Research, Inc. $

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Source: SEC EDGAR

accession 0001140361-22-039937

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