ACMR Earnings Prediction
The chart below shows how ACMR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ACMR sees a -0.51% change in stock price 10 days leading up to the earnings, and a +2.22% change 10 days following the report. On the earnings day itself, the stock moves by +8.34%. This data can give you a slight idea of what to expect for the next quarter's release.
ACMR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
203.98M
21.00%
0.74%
Gross Margin
51.40%
-2.11%
7.53%
Operating Margin
21.66%
10.06%
16.64%
Net Margin
18.96%
3.10%
22.24%
EPS
0.45
15.38%
25.00%
No Data Available
ACMR Earnings Analysis
ACM Research, Inc. Class A Common Stock Corporation (ACMR.O) Earnings Conference Call
Positive
Revenue Surge: 1. Strong Revenue Growth: ACM Research reported Q3 2024 revenue of $204 million, representing a 21% increase year-over-year.
Shipment Surge: 2. Significant Shipment Increase: Total shipments for Q3 2024 reached $261 million, up 23% compared to the same quarter last year.
Gross Margin Achievement: 3. High Gross Margin: The company achieved a gross margin of 51.6%, exceeding their long-term target range of 40% to 45%.
Operating Income Surge: 4. Increased Operating Income: Operating income for Q3 2024 was $56.1 million, up from $43.8 million in the same quarter last year, reflecting a strong operating margin of 27.5%.
Strong Cash Position: 5. Positive Cash Flow: ACM ended the quarter with approximately $369 million in cash and time deposits, alongside a positive cash flow from operations of $11.9 million for Q3.
Negative
Advanced Packaging Revenue Decline: Revenue from advanced packaging, which excludes ECP, but includes service and spares, declined by 21% for Q3 and represented 4% of revenue.
Gross Margin Decline: Gross margin was 51.6% versus 52.9%, indicating a decline in profitability despite exceeding the long-term target range.
Operating Expense Increase: Operating expenses were $49.2 million, up from $45.3 million, reflecting increased costs in R&D and G&A.
Rising Inventory Levels: Inventory net was $628.7 million versus $602.9 million at the end of last quarter, indicating rising inventory levels that could signal overproduction or weak demand.
Tax Expense Increase: Income tax expense was $4 million versus $0.7 million, showing a significant increase in tax liabilities that could impact net income.
ACMR FAQs
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ACMR Earning Call Sentiment
ACM Research, Inc. (ACMR) Q3 2024 Earnings Call Transcript
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ACMR.O
0.05%Positive
The earnings call presents a mixed outlook. Financial performance shows growth, but gross margins declined. Positive factors include a raised revenue outlook, strong product development, and expansion plans. However, competitive pressures, regulatory risks, and lack of a share repurchase program are concerns. The Q&A section reveals management's uncertainty about market specifics and reluctance to provide detailed guidance, which could worry investors. Given the company's small market cap, these mixed signals suggest a neutral stock price movement, potentially within -2% to 2% over the next two weeks.