ACM Research reaffirms 2022 revenue outlook $365-$385M, projects 2023 revenue $515-$585M

ACM Research, Inc.

Reaffirms 2022 revenue of $365-$385 million as previously provided on Nov 4, 2022.
Initial 2023 revenue outlook of $515-$585 million, representing ~40% growth at midpoint.
CEO cites recovery in mature node spending in China and new product contributions.
Outlook factors include US-China trade policy, COVID reopening in PRC, and customer spending.
Plans to report Q4 and full-year 2022 results in late February 2023.

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 0.95

ACM Research, Inc. reported full year 2022 results: revenue $365 million to $385 million. Guidance reaffirmed.

Period: full year 2022
Revenue: $365 million to $385 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today has reaffirmed its full year 2022 revenue outlook of $365 million to $385 million as was provided in ACM’s third quarter 2022 earnings release issued on November 4, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACM Research, Inc. reported full year 2023 results: revenue $515 million to $585 million. Guidance initiated.

Period: full year 2023
Revenue: $515 million to $585 million
Guidance: initiated
Result: guidance update

Exact text from the filing

ACM also announced that it expects revenue for the full year 2023 to be in the range of $515 million to $585 million.

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Source: SEC EDGAR

accession 0001140361-23-000397

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