ACM Research (NASDAQ: ACMR) Reports Strong Backlog Figures
ACM Research Highlights Backlog Results
ACM Research, Inc. (NASDAQ: ACMR), recognized for its innovations in wafer processing solutions, has recently shared its backlog data for ACM Research (Shanghai). This data reflects the company’s robust performance and growing demand for their technological offerings in the semiconductor industry.
Total Backlog Overview
As per the latest figures, ACM Shanghai's total backlog reached an impressive RMB 6,764.6 million, roughly USD $964.8 million, as of the end of September 2024. This compares closely to RMB 6,795.8 million recorded on September 27, 2023. These numbers demonstrate a resilient position for ACM, despite a slight year-over-year decrease.
Understanding the Backlog Composition
The backlog primarily encompasses two categories of orders: those that have been shipped but not yet recognized as revenue and those pending shipment at future dates. This strategic collection of orders represents a substantial foundation for AC research as it navigates its growth trajectory.
Backlog Details and Implications
The latest figures reveal that there is a slight decrease of 0.46% in total backlog year-over-year. Notably, orders under contract rose significantly to RMB 6,764.6 million from RMB 6,525.7 million the previous year, indicating increased demand for ACM's products. However, the company did experience a decline in orders awarded by formal bidding processes, dropping from RMB 270.1 million to zero.
Upcoming Financial Reports
Looking ahead, ACM Shanghai plans to release comprehensive financial results for the first nine months of the year on October 30, 2024. This release will encompass various metrics from manufacturing to financial performance, critically shaping investors' outlook regarding ACM's future direction. Furthermore, ACM will provide third-quarter financial results and host a conference call to discuss them in early November 2024.
Financial Reporting Structure
Investors and stakeholders are advised to stay tuned for the specific dates and details regarding the upcoming financial reports. These disclosures provide essential insights into the company's operational success and market positioning.
Company Background
ACM Research thrives on delivering high-performance semiconductor process equipment critical to modern device manufacturing processes. Their product lineup includes solutions for wet cleaning, electroplating, and polishing—essential tasks for enhancing semiconductor production and efficiency.
Commitment to Excellence
With a focus on customized solutions, ACM remains dedicated to supporting semiconductor manufacturers in increasing productivity and overall yield. Their innovative technologies are positioned to navigate the ever-evolving landscape of semiconductor demands. ACM Research (NASDAQ: ACMR) underscores its position as a key player in this high-stakes industry.
Frequently Asked Questions
What is the significance of ACM Research's backlog figures?
The backlog figures indicate the demand for ACM's products and potential sales future, showcasing company health and growth opportunities.
How does the backlog data for ACM Research impact investors?
Investors assess backlog data to gauge potential revenue streams and make informed decisions about ACM's stock performance and sustainability.
When will ACM Research release its financial results?
ACM Research is set to release its financial results for the nine-month period ending September 30, 2024, on October 30, 2024.
What are the main products offered by ACM Research?
ACM specializes in semiconductor processing equipment, focusing on wet cleaning, electroplating, and stress-free polishing technologies.
How does ACM Research compare to its competitors?
ACM is known for its high-performance, cost-effective solutions, positioning itself as a leader among its competitors in the semiconductor industry.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Monument Mining Reports Record Growth for Fiscal 2024
- Carnival Corp Boosts Profit Expectations Amid Strong Demand
- Barclays Elevates Brad Rogoff to Global Head of Research Role
- Carnival Corporation's Strong Q3 Performance Boosts Guidance
- Understanding the Options Market for JD.com (NASDAQ: JD)
- Barclays Welcomes Brad Rogoff as New Global Research Leader
- Market Update: Dow Drops, Carnival Celebrates Strong Earnings
- Bitcoin's Promising Future: Analysts Predict a Strong Q4
- Doximity Achieves New Stock Heights Amid Strong Growth Trends
- Carnival Corporation Reports Impressive Q3 Performance with CCL Outlook
Recent Articles
- Blockchain Coinvestors Acquisition Corp. I Ends Partnership with Linqto
- Tetherball's Innovative $TBALL Payments Redefine E-Commerce
- Vivos Inc. Expands IsoPet Therapy to Exotic Animals Offering Hope
- Madrigal Pharmaceuticals Paves New Paths in NASH Treatment
- Discover Puerto Rico's First Leading Hotels of the World Property
- Ascendis Pharma Submits Application for Adult Growth Hormone Treatment
- Peraso's DUNE Platform Enhances Internet in Kenya
- GRI Bio Secures Japan Patent, Paving Way for Innovative Treatments
- FMC Corporation Expands Biological Solutions in Brazil
- Exciting Annual Fall Savings at Ellicott City Aesthetics
- Aquestive Therapeutics Boosts Stock Target After Event Insights
- Microbot Medical Accelerates Clinical Trial Progress Significantly
- Experience The Magic of The Light Park This Festive Season
- SS Innovations Appoints Tim Adams, Enhancing Leadership Team
- Alnylam Pharmaceuticals Sees Bright Future Amid Strong Data Boost
- BridgeBio Pharma's Growth Potential and Market Insights
- Exciting 3-Year Results on Hypoparathyroidism Treatment Unveiled
- Tractor Supply Company Remains a Strong Choice Amid Recovery Trends
- Delta Corp Holdings Partners with Kaival Brands for Growth
- Turkey's Inflation Predictions: A Glimpse into Economic Changes
- B.O.S. Better Online Solutions to Showcase Growth Plans
- UAW Calls for Strike Authorization at Stellantis Amidst Disputes
- JP 3E Achieves Milestone with Second Aluminum Shipment via Trade Finance
- Citigroup Enhances Oversight to Combat Employee Misconduct Risks
- Bybit Enhances Compliance with New Legal Leader Robert MacDonald
- Exciting Upcoming Spin-Out for Foremost Clean Energy
- Exciting Launch of $BC Mining Rush Event with 1 Billion Tokens
- Wave Life Sciences Shares Insights at Genetic Medicines Forum
- Exploring Q4 Stock Market Trends in Election Years Ahead of 2024
- Reliance Global Group Enhances InsurTech Solutions for Agencies
- Clene Inc. Secures $7.3 Million Through Direct Stock Offerings
- Global Water Resources Announces Monthly Dividend Payment
- Shoals Technologies Welcomes New Leadership for Future Growth
- Korro Bio to Showcase Innovative RNA Medicine Research
- Ocuphire Pharma Unveils Phase 3 Results for Eye Care Drug
- Casella Waste Systems Secures $1.5 Billion Credit Facility
- Exploring MBX 2109 Phase 2 Study for Hypoparathyroidism
- Infinera's Greenhouse Gas Reduction Targets Earn Validation
- Oncology Institute Expands to Oregon with New Clinics
- Revamping Sleep Health: ResMed's Innovative Solutions Unveiled
- Vow ASA Shows Robust Demand for Renewable Energy Solutions
- Alliance Trust PLC Shares Up: Latest NAV Per Share Insights
- Exciting Developments in Worksport's Journey to ISO 9000
- Windtree's Istaroxime Shows Promise in Heart Failure Treatment
- Blackwell 3D Partners with Asas Capital for Dubai Ventures
- Antelope Enterprise: Financial Performance Insights for 2024
- Eloro Resources Secures Key Investment and Expands Offerings
- Adeia's Upcoming Conferences Highlight Hybrid Bonding Advances
- Unveiling the Role of Chief Product and Technology Officer
- Opthea Announces Key Participation in Upcoming Virtual Event