ACM Research sees FY24 revenue $650M-$725M, consensus $669.33M

“We expect continued growth in 2024 as we continue on our mission to become a key supplier to major semiconductor manufacturers,” said CEO David Wang. “We anticipate solid investments in mature node capacity by our China-based customers, and we remain committed to expanding our multi-product portfolio. We are making good progress with customers in markets beyond mainland China which we believe will begin to contribute to our business in the coming years.”