ACM Research Q1 revenue up 105% YoY to $152M; GAAP diluted EPS $0.26

ACM Research, Inc.

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

Revenue $152.2M, up 105% YoY; GAAP diluted EPS $0.26 vs $0.11.
Non-GAAP diluted EPS $0.52, up from $0.15 YoY; gross margin 52.0% (GAAP).
Record shipments; CEO cites continued spending on mature nodes and market share gains.
Expects growth in 2024 from new products (Tahoe, ECP, furnace) and global expansion.
Initial production at Lingang facility expected to begin this year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ACM Research, Inc. reported first quarter ended March 31, 2024 results: revenue $ 152,191, net income $ 17,433, EPS $ 0.26.

Period: first quarter ended March 31, 2024
Revenue: $ 152,191
Net income: $ 17,433
EPS: $ 0.26
Result: reported results

Exact text from the filing

Three Months Ended March 31, GAAP Non-GAAP(1) 2024 2023 2024 2023 (dollars in thousands, except EPS) Revenue $ 152,191 $ 74,256 $ 152,191 $ 74,256

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Source: SEC EDGAR

accession 0001140361-24-024791

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