ACM Research Q3 revenue up 26% to $168.6M; non-GAAP EPS $0.57

ACM Research, Inc.

2023-Q3 EPS reported $0.90 revenue$387,402,000

Revenue $168.6M (+26% YoY); GAAP net income $25.7M ($0.39 diluted EPS), non-GAAP net income $37.6M ($0.57 diluted EPS).
Shipments hit a record $213M, up 31% YoY.
GAAP gross margin improved to 52.5% from 49.3% YoY; non-GAAP gross margin 52.9%.
CEO cited continued mature-node investments by China-based customers and growing traction with new products and customers.

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 the third quarter ended September 30, 2023 results: revenue $168,569, net income $25,679, EPS $0.39 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $168,569
Net income: $25,679
EPS: $0.39 per diluted share
Result: reported results

Exact text from the filing

On November 7, 2023, we issued a press release announcing financial results for the third quarter of 2023. The full text of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference .

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACM Research, Inc. reported the third quarter ended September 30, 2023 results: revenue $168,569, net income $25,679, EPS $0.39 per diluted share.

Period: the third quarter ended September 30, 2023
Revenue: $168,569
Net income: $25,679
EPS: $0.39 per diluted share
Result: reported results

Exact text from the filing

Three Months Ended September 30, GAAP Non-GAAP(1) 2023 2022 2023 2022 (dollars in thousands, except EPS) Revenue $ 168,569 $ 133,709 $ 168,569 $ 133,709 Gross margin 52.5 % 49.3 % 52.9 % 49.4 % Income from operations $ 33,173 $ 31,636 $ 43,754 $ 33,529 Net income attributable to ACM Research, Inc. $ 25,679 $ 21,004 $ 37,579 $ 28,178 Basic EPS $ 0.43 $ 0.35 $ 0.62 $ 0.47 Diluted EPS $ 0.39 $ 0.32 $ 0.57 $ 0.42

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Source: SEC EDGAR

accession 0001140361-23-051730

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