BUZZ-ACM Research narrows revenue guidance; shares fall

Reuters01-23 01:23
BUZZ-ACM Research narrows revenue guidance; shares fall

** Shares of semiconductor equipment maker ACM Research ACMR.O down 1.95% at $52.40

** Co narrows 2025 revenue guidance to between $885 million and $900 million, vs. Street's view of $906.5 million

** ACMR's earlier 2025 revenue guidance was $875 million to $925 million

** Co forecasts 2026 revenue of $1.08 billion to $1.18 billion, above analysts' estimates of $1.06 billion - data compiled by LSEG

** Expects higher revenue growth in 2026 amid healthy investments in production capacity and gains from newer products

** ACMR stock more than doubled in 2025

(Reporting by Jahanvi Kothari in Bengaluru)

((jahanvi.kothari@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment