8-K: ACM Research Announces Preliminary Q1 2025 Revenue and Reaffirms Full-Year Outlook

ACM Research reports preliminary Q1 2025 revenue expectations and reaffirms its full-year 2025 revenue outlook.

Summary

• ACM Research expects preliminary unaudited revenue for Q1 2025 to be in the range of $165 million to $170 million, representing year-over-year growth of 8.4% to 11.7%.
• Preliminary total shipments for Q1 2025 are expected to be in the range of $154 million to $157 million, a year-over-year decrease of 36% to 37%, attributed to customer pull-ins in Q4 2024.
• Combined total shipments for Q4 2024 and Q1 2025 are expected to grow by 8% to 9% versus the prior year periods.
• The company anticipates a return to year-on-year growth in total shipments for Q2 2025.
• ACM Research reaffirms its full-year 2025 revenue outlook in the range of $850 million to $950 million, which would represent year-to-year growth of 9% to 21%.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive due to the expected revenue growth and reaffirmed full-year outlook, despite the decrease in shipments.

Positives

• ACM Research anticipates revenue growth for Q1 2025.
• The company reaffirms its full-year 2025 revenue outlook, indicating confidence in future performance.
• ACM expects a return to year-on-year growth in total shipments for the second quarter of 2025.

Negatives

• Shipments for Q1 2025 are expected to decrease compared to the previous year.

Risks

• Actual unaudited first quarter 2025 results are subject to the completion of ACMs quarter end closing procedures and review by ACMs independent registered public accounting firm.
• The stand-alone financial results of ACM Shanghai are reported in RMB as prepared in accordance with Chinese generally accepted accounting principles, and those results will differ, potentially materially, from ACMs consolidated revenue and net profit for the period, which will reflect additional financial and operational items and will be prepared in U.S. dollars in accordance with U.S. generally accepted accounting principles.
• Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.

Future Outlook

ACM Research reaffirms its full-year 2025 revenue outlook in the range of $850 million to $950 million, representing year-to-year growth of 9% to 21%.

Industry Context

ACM Research operates in the semiconductor equipment industry, providing wafer processing solutions. The announcement coincides with the release of ACM Shanghai's financial results, highlighting the company's significant operations in China.

Stakeholder Impact

• Shareholders will be interested in the revenue growth and reaffirmed outlook.
• The company's performance impacts employees and suppliers in the semiconductor industry.

Next Steps

• ACM will discuss its full financial results for the first quarter 2025 and its revenue outlook for the remainder of the year on its earnings call on Thursday, May 8, 2025.

Key Dates

Keywords

ACM Research, revenue, shipments, wafer processing, semiconductor, financial results, outlook