The Latest Breaking News from ACMR

While Teradyne has underperformed relative to the technology sector over the past year, Wall Street analysts maintain a moderately optimistic outlook on its prospects.

Based on their high price estimates, Wall Street predicts upside of up to 56% for these two growth stocks.

The Dow was up more than 0.3% as was the S&P 500, while the Nasdaq climbed 0.4%. The small-cap Russell 2000 added to recent hefty gains.

Semiconductor equipment supplier ACM Research smashed Wall Street's earnings target for the third quarter on in-line sales.

ACM Research, Inc (NASDAQ:ACMR) reported a first-quarter FY22 revenue decline of 3.5% year-on-year to $42.2 million, missing the consensus of $51.8 million. The decline reflected lower revenue from single wafer wet cleaning tools, advanced packaging, and other back-end processing equipment due to COVID-19 restrictions in Shanghai.  The Shanghai lockdown negatively impacted revenue from…

ACM Research Inc (NASDAQ:ACMR) reported fourth-quarter FY21 revenue growth of 108.8% year-on-year to $95.1 million, beating the consensus of $89.5 million. Revenue from Single wafer cleaning, Tahoe, and semi-critical cleaning equipment rose 68.3% Y/Y. ECP (front-end and packaging), furnace, and other technologies revenue climbed 386% Y/Y. Revenue from Advanced packaging (excluding ECP), services…