ACM Research Q2 revenue $144.6M (+38% YoY), GAAP EPS $0.41, non-GAAP $0.48

ACM Research, Inc.

2023-Q2 EPS reported $0.52 revenue$218,833,000

Revenue $144.6M, up 38.5% YoY; gross margin 47.5% vs 42.3%.
GAAP net income $26.8M (up 119%); diluted EPS $0.41 vs $0.18.
Non-GAAP diluted EPS $0.48 vs $0.22; income from operations $32.4M.
Six-month revenue $218.8M, up 49% YoY; net income $34.0M GAAP.
Management expects 2023 growth from mature-node spending and new products; Lingang facility start later this year.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACM Research, Inc. reported second quarter ended June 30, 2023 results: revenue $ 144,577, net income $ 26,825, EPS Basic EPS $ 0.45.

Period: second quarter ended June 30, 2023
Revenue: $ 144,577
Net income: $ 26,825
EPS: Basic EPS $ 0.45
Result: reported results

Exact text from the filing

our operations in Korea to support the global market opportunity.” Three Months Ended June 30, GAAP Non-GAAP(1) 2023 2022 2023 2022 (dollars in thousands, except EPS) Revenue $ 144,577 $ 104,395 $ 144,577 $ 104,395 Gross margin 47.5 % 42.3 % 47.6 % 42.4 % Income from operations $ 30,430 $ 20,035 $ 32,447 $ 22,004 Net income attributable to ACM Research, Inc. $

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Source: SEC EDGAR

accession 0001140361-23-038152

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