ACM Research Inc. (ACMR) stock surged 21.53% in the intraday session on Wednesday, following the company's impressive fourth-quarter 2024 earnings results and positive revenue outlook for the fiscal year 2025.
The semiconductor equipment manufacturer reported Q4 revenue of $223.471 million, surpassing analysts' expectations of $194.9 million. The strong top-line performance was accompanied by robust profitability metrics, with operating income of $43.989 million, net income of $31.08 million, and a gross margin of 49.6%, exceeding the company's long-term business model target range of 42% to 48%.
Additionally, ACM Research maintained its revenue guidance range of $850 million to $950 million for fiscal 2025, compared to the FactSet consensus estimate of $907.4 million. The company's solid financial performance and promising revenue guidance fueled investor confidence, driving the significant stock rally during the trading session.