ACM Research, Inc. (ACMR), a semiconductor firm focused on single-wafer wet cleaning equipment, on Thursday revised up its annual revenue guidance, in line with view.
David Wang, CEO of ACM Research, said: "Looking ahead, we anticipate continued growth of our business in mainland China through market share gains and new product ramps. We have begun initial operations at our Lingang facility, and we remain committed to support major customers in the US, Europe, and Southeast Asia. Our near-term outlook has improved, and as a result, we have raised our 2024 revenue outlook."
For full year, the company now expects revenue of $725 million to $745 million, higher than the prior outlook of $695 to $735 million.
On average, seven analysts, polled by Thomson Reuters expect the firm to generate revenue of $728.43 million, for the year. Analysts' estimates typically exclude special items.
ACMR was up by 9.23 percent at $20.70 in the pre-market trade on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.