ACM Research 2025 Q1 Earnings Strong Performance as Net Income Rises 13.2%
Daily EarningsTuesday, May 13, 2025 2:46 am ET
4min readACM Research (ACMR) reported its fiscal 2025 Q1 earnings on May 12th, 2025. The total revenue of ACM Research increased by 13.2% to $172.35 million in 2025 Q1, up from $152.19 million in 2024 Q1. ACM Research's EPS rose 14.3% to $0.32 in 2025 Q1 from $0.28 in 2024 Q1, marking continued earnings growth. Meanwhile, the company's profitability strengthened with net income of $25.01 million in 2025 Q1, marking 13.2% growth from $22.09 million in 2024 Q1. Remarkably, in 2025 Q1, the company set a new record high for fiscal Q1 net income, the highest in 9 years. The company maintained its revenue guidance range of $850 million to $950 million for fiscal year 2025, reflecting expectations of continued growth.
Revenue
ACM Research's total revenue for the first quarter of 2025 reached $172.35 million, reflecting a 13.2% year-over-year increase. Key segments contributed significantly to this growth: single wafer cleaning, Tahoe, and semi-critical cleaning equipment generated $129.57 million. Meanwhile, the ECP, including front-end and packaging, furnace, and other technologies, brought in $27.63 million. Advanced packaging, excluding ECP, services, and spares, added $15.15 million to the total revenue, demonstrating robust performance across various product lines.
Earnings/Net Income
ACM Research's EPS climbed by 14.3% to $0.32 in Q1 2025 from $0.28 in Q1 2024, indicating solid earnings growth. The company's net income also rose by 13.2% to $25.01 million, setting a record high for fiscal Q1 net income in nine years. This performance underscores the company’s strong financial health.
Price Action
The stock price of ACM Research edged up 2.24% during the latest trading day, surged 24.91% during the most recent full trading week, and surged 22.24% month-to-date.
Post-Earnings Price Action Review
ACM Research's strategy of investing in shares following a revenue miss and holding them for 30 days has historically provided a moderate 7.5% annualized return over the past five years. This suggests investors could potentially benefit from the stock's rebound after negative earnings reports, although the returns have been modest. The pattern indicates that the market tends to correct itself after initial disappointments, allowing for potential gains. The analysis reflects that ACMR's stock has shown resilience, and the strategy could be seen as a viable option for investors looking to capitalize on temporary setbacks. However, it's essential to note that these gains, while consistent, have not been substantial, warranting careful consideration by investors.
CEO Commentary
“Our first quarter results mark a good start to 2025. We delivered 13% year-over-year revenue growth, solid profitability, and positive cash flow from operations,” said Dr. David Wang, President and Chief Executive Officer of ACM. “We achieved several strategic milestones, including the qualification of our high-temperature SPM tool by a leading logic customer in China, customer acceptance for our backside/bevel etch tool from a U.S. customer, and we received the 2025 3D InCites Technology Enablement Award for our proprietary Ultra ECP ap-p tool. For 2025, we expect incremental revenue contributions from Tahoe, SPM, and furnace tools, while investing in our Oregon facility to support technology development and customer evaluations.”
Guidance
ACM Research is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025, reflecting expectations of continued growth in various product lines. The company anticipates incremental contributions from Tahoe, SPM, and furnace tools, alongside progress in customer evaluations of Track, PECVD, and panel-level packaging platforms. This outlook considers the ongoing impact from international trade policy and expected spending scenarios of key customers.
Additional News
ACM Research recently appointed Charlie Pappis to its Board of Directors, effective March 15, 2025, bringing valuable industry experience to the company. In recognition of its innovation, ACM received the 2025 3D InCites Technology Enablement Award for its Ultra ECP ap-p tool, which is the first commercially available high-volume copper deposition system for the large panel market. Furthermore, the company continues its strategic expansion by investing in its Oregon facility to enhance technology development and customer evaluations, positioning itself for further growth in the semiconductor equipment sector. These developments signify ACM's commitment to technological leadership and strategic growth.
Revenue
ACM Research's total revenue for the first quarter of 2025 reached $172.35 million, reflecting a 13.2% year-over-year increase. Key segments contributed significantly to this growth: single wafer cleaning, Tahoe, and semi-critical cleaning equipment generated $129.57 million. Meanwhile, the ECP, including front-end and packaging, furnace, and other technologies, brought in $27.63 million. Advanced packaging, excluding ECP, services, and spares, added $15.15 million to the total revenue, demonstrating robust performance across various product lines.
Earnings/Net Income
ACM Research's EPS climbed by 14.3% to $0.32 in Q1 2025 from $0.28 in Q1 2024, indicating solid earnings growth. The company's net income also rose by 13.2% to $25.01 million, setting a record high for fiscal Q1 net income in nine years. This performance underscores the company’s strong financial health.
Price Action
The stock price of ACM Research edged up 2.24% during the latest trading day, surged 24.91% during the most recent full trading week, and surged 22.24% month-to-date.
Post-Earnings Price Action Review
ACM Research's strategy of investing in shares following a revenue miss and holding them for 30 days has historically provided a moderate 7.5% annualized return over the past five years. This suggests investors could potentially benefit from the stock's rebound after negative earnings reports, although the returns have been modest. The pattern indicates that the market tends to correct itself after initial disappointments, allowing for potential gains. The analysis reflects that ACMR's stock has shown resilience, and the strategy could be seen as a viable option for investors looking to capitalize on temporary setbacks. However, it's essential to note that these gains, while consistent, have not been substantial, warranting careful consideration by investors.
CEO Commentary
“Our first quarter results mark a good start to 2025. We delivered 13% year-over-year revenue growth, solid profitability, and positive cash flow from operations,” said Dr. David Wang, President and Chief Executive Officer of ACM. “We achieved several strategic milestones, including the qualification of our high-temperature SPM tool by a leading logic customer in China, customer acceptance for our backside/bevel etch tool from a U.S. customer, and we received the 2025 3D InCites Technology Enablement Award for our proprietary Ultra ECP ap-p tool. For 2025, we expect incremental revenue contributions from Tahoe, SPM, and furnace tools, while investing in our Oregon facility to support technology development and customer evaluations.”
Guidance
ACM Research is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025, reflecting expectations of continued growth in various product lines. The company anticipates incremental contributions from Tahoe, SPM, and furnace tools, alongside progress in customer evaluations of Track, PECVD, and panel-level packaging platforms. This outlook considers the ongoing impact from international trade policy and expected spending scenarios of key customers.
Additional News
ACM Research recently appointed Charlie Pappis to its Board of Directors, effective March 15, 2025, bringing valuable industry experience to the company. In recognition of its innovation, ACM received the 2025 3D InCites Technology Enablement Award for its Ultra ECP ap-p tool, which is the first commercially available high-volume copper deposition system for the large panel market. Furthermore, the company continues its strategic expansion by investing in its Oregon facility to enhance technology development and customer evaluations, positioning itself for further growth in the semiconductor equipment sector. These developments signify ACM's commitment to technological leadership and strategic growth.
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