earnings
confidence high
sentiment positive
materiality 0.80
ACM Research FY2024 revenue up 40% to $782M, operating profit up 58%, $152M cash from ops
ACM Research, Inc.
2024-FY EPS reported
$1.53
revenue$782,118,000
- Q4 revenue $223.5M (+31% YoY), GAAP diluted EPS $0.46, non-GAAP $0.56.
- FY2024 revenue $782.1M (+40% YoY); GAAP gross margin 50.1%, non-GAAP 50.4%.
- Operating profit rose 57.6% to $151.0M GAAP; cash flow from operations $152M.
- Achieved ALD furnace tool qualification at two semiconductor customers in mainland China.
- Started initial operations at Lingang facility; U.S. Entity List impact seen as manageable.