ACM Research pre-announces Q1 revenue $150-152M, up 102-105% YoY; reaffirms FY2024 outlook

ACM Research, Inc.

2024-Q1 EPS reported $0.26 revenue$152,191,000

Preliminary Q1 2024 revenue $150M-$152M, year-over-year growth of 102% to 105%.
Preliminary total shipments $235M-$240M, YoY growth of 163% to 169%.
Reaffirms full-year 2024 revenue outlook $650M-$725M, representing 17% to 30% YoY growth.
Earnings call scheduled for May 8, 2024 at 8 a.m. ET to discuss full Q1 results.
ACM owns 82.1% of ACM Shanghai, which released separate unaudited results to Shanghai Stock Exchange.

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