ACMR - ACM Research: What Investors Should Pay Attention To In The Q1 Results
On May 6, ACM Research, Inc. (ACMR), a semiconductor capital equipment manufacturer, presented its first-quarter results. The figures were generally robust, especially the top line, even despite the COVID-19 pandemic that began in the Wuhan province of China where ACM's principal customers like Yangtze Memory Technologies (or YMTC) operate.
I brought the company to the attention of my readers in late-January. Back then, I pointed out the Wuhan risk was not priced in, or, put another way, the possibility that its essential customers would defer or cancel growth plans and suspend purchases of