Chip gear maker ACM Research Q3 revenue beats expectations
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ACM Research reported a 32% increase in Q3 revenue, surpassing analyst expectations with $269.16 million. Net income rose to $35.9 million, while non-GAAP net income declined. The company raised $623 million in capital to support growth initiatives and narrowed its 2025 revenue guidance to $875-$925 million. Analysts maintain a "buy" rating, with a median 12-month price target of $43.00, reflecting a positive outlook for the semiconductor equipment sector.
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