ACM Research: The Road To $1B Revenue
ACMRACM Research(ACMR) Seeking Alpha·2024-05-11 20:35

PonyWang Solid Q1 Earnings ACM Research (NASDAQ:ACMR) reported a strong Q1 quarter with both top and bottom-line beat. The company reported revenue of $170.5 million, a 103% YoY increase, beating consensus by $0.52 million. Company also maintained its FY2024 guidance of $650 - $725 million. However, market reacted negatively to the results as it was expecting a raise to the guidance. See below the results: Q1 Results (Seeking Alpha)We have issued two multiple bullish calls on ACM Research since the last ...