ACM Research, Inc. reported Q3 2024 record revenues of $203.976 million, a 21% increase year-over-year.

ACM Research, Inc. reported strong financial results for Q3 2024, achieving record revenues of $203.976 million, a 21% increase from the previous year, and a gross margin of 51.4%. Shipments rose by 23% year-over-year, bolstered by new product launches and significant orders from U.S. customers. The company raised its revenue guidance for 2024 to $725-$745 million, citing growth in mainland China. CEO Dr. David Wang emphasized ACM's innovation and market position.

November 07, 2024
4 Articles

Further Reading