ACM Research reports Q4 revenue $170.3M (+57% YoY); FY revenue $557.7M (+43% YoY)

ACM Research, Inc.

2023-FY EPS reported $1.16 revenue$557,723,000

Q4 GAAP diluted EPS $0.26 vs $0.18 YoY; non-GAAP diluted EPS $0.43 vs $0.19 YoY.
Full-year 2023 GAAP net income $77.3M ($1.16 diluted EPS) vs $39.3M ($0.59) YoY; non-GAAP $107.4M ($1.63).
Revenue growth driven by cleaning products (+48%) and ECP/furnace products (+33%, >$100M milestone).
Received technical qualification for SAPS production tool from a leading US semiconductor manufacturer.
Management expects another year of growth in 2024, citing mature node investment in China and new product cycles.

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 financial results for the fourth quarter and fiscal year ended December 31, 2023.

Period: the fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 28, 2024, we issued a press release announcing financial results for the fourth quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001140361-24-009927

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