BUZZ-ACM Research gains after Q2 revenue beat, revenue forecast hike - ACMR News | RalliesBUZZ-ACM Research gains after Q2 revenue beat, revenue forecast hike
A
ACMR• Shares rise after earnings beat and guidance increase
- Semiconductor equipment firm ACM Research's shares ACMR.O rise 14.6% to $90.5 premarket
- Co posts Q2 revenue of $282.9 mln, beating analysts' estimates of $269.3 mln - data compiled by LSEG
- ACM raises the lower end of FY26 revenue forecast to $1.125 bln - $1.175 bln from $1.08 bln - $1.175 bln
- Revenue growth led by electrochemical plating tech and advanced packaging categories, up 168% and 153%, respectively, CEO says
- Seven of eight brokerages rate the stock "buy" or higher and one "hold"; median PT is $103 - LSEG data
- As of last close, stock doubled in value YTD
•
