ACM Research Clocks 109% Revenue Growth In Q4 Backed By Flagship Cleaning Tools

Loading...
Loading...
  • ACM Research Inc ACMR reported fourth-quarter FY21 revenue growth of 108.8% year-on-year to $95.1 million, beating the consensus of $89.5 million.
  • Revenue from Single wafer cleaning, Tahoe, and semi-critical cleaning equipment rose 68.3% Y/Y.
  • ECP (front-end and packaging), furnace, and other technologies revenue climbed 386% Y/Y.
  • Revenue from Advanced packaging (excluding ECP), services & spares increased 189% Y/Y.
  • The non-GAAP gross margin expanded 460 bps to 47.9%.
  • Non-GAAP EPS of $0.81 beat the consensus of $0.64.
  • ACM held $592.6 million in cash and equivalents.
  • ACM CEO Dr. David Wang. "Our results demonstrate the effectiveness of ACM's multi-product strategy, with strong growth from our flagship cleaning tools, and significant increases from electrochemical plating and advanced packaging products."
  • Outlook: ACM raised the FY22 revenue outlook to $365 million - $405 million from the previous $345 million - $385 million.
  • Price Action: ACMR shares closed higher by 7.6% at $80.23 on Thursday.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceSmall CapTechBriefs
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...