ACM Research (NASDAQ:ACMR) Announces Quarterly Earnings Results

ACM Research (NASDAQ:ACMR) announced its earnings results on Thursday. The specialty retailer reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18, FiscalAI reports. The business had revenue of $231.26 million for the quarter, compared to analysts’ expectations of $215.69 million. ACM Research had a return on equity of 4.97% and a net margin of 10.44%.The business’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS.

Here are the key takeaways from ACM Research’s conference call:

• Q1 financials: Revenue was $231M (+34%) with shipments up 54%, gross margin 46.5%, net cash ~$924M, and management reiterated its 2026 revenue outlook of $1.08B–$1.175B.
• ECP and advanced packaging strength: ECP/furnace/other revenues grew ~205% year?over?year driven by electroplating momentum and panel-level horizontal plating (515×510) has been delivered to customers with a growing backlog toward potential volume orders.
• Single?wafer SPM ramp: Management expects >15–20 SPM units delivered by year?end, touting superior particle performance and a maintenance?free design that they say should win market share versus the incumbent.
• Cleaning segment mix and timing: Cleaning revenue declined ~6% year?over?year, but shipments rose 32% and PO backlog increased, with management saying new SPM shipments will drive normalization of the cleaning mix later in 2026.
• Capacity and globalization: Lingang mini?line is operational and a second building will raise capacity toward a $3B annual run?rate, while an Oregon demo lab and plans for U.S. tool production by year?end 2026 support global deployment (>20 tools outside mainland China expected in 2026).

ACM Research Stock Up 6.9%

Shares of ACMR traded up $3.82 during midday trading on Thursday, hitting $59.20. 2,979,559 shares of the company’s stock traded hands, compared to its average volume of 1,052,278. ACM Research has a 1 year low of $19.76 and a 1 year high of $71.65. The firm’s fifty day moving average is $48.52 and its 200-day moving average is $46.20. The company has a current ratio of 3.27, a quick ratio of 2.33 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 43.21 and a beta of 1.82.

Insider Buying and Selling at ACM Research

In other news, Director Charles C. Pappis sold 5,000 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $47.91, for a total value of $718,650.00. Following the sale, the director owned 110,772 shares of the company’s stock, valued at approximately $5,307,086.52. This represents a 11.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 65,000 shares of company stock valued at $3,110,750. Company insiders own 25.00% of the company’s stock.

Hedge Funds Weigh In On ACM Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after acquiring an additional 1,095,634 shares during the last quarter. Cederberg Capital Ltd raised its stake in ACM Research by 39.8% in the 4th quarter. Cederberg Capital Ltd now owns 693,900 shares of the specialty retailer’s stock worth $27,374,000 after acquiring an additional 197,400 shares during the last quarter. Vident Advisory LLC purchased a new position in ACM Research in the 4th quarter worth $383,000. State of Tennessee Department of Treasury purchased a new position in ACM Research in the 4th quarter worth $622,000. Finally, Mackenzie Financial Corp raised its stake in ACM Research by 4.3% in the 4th quarter. Mackenzie Financial Corp now owns 56,681 shares of the specialty retailer’s stock worth $2,274,000 after acquiring an additional 2,344 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

ACM Research News Summary

Here are the key news stories impacting ACM Research this week:

• Positive Sentiment: Q1 results beat expectations — ACMR reported $0.34 EPS vs. the consensus $0.16 and revenue of $231.3M (up 34.2% year?over?year), signaling strong top?line demand in wafer processing. ACM Research, Inc. (ACMR) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: New coverage: Seaport Global initiated coverage with a Buy, which can drive investor interest and flows into the stock. Seaport Global initiates coverage of ACM Research (ACMR) with buy recommendation
• Positive Sentiment: Favorable thematic/media coverage positions ACMR as an AI/advanced packaging beneficiary, boosting investor sentiment around secular growth upside. ACM Research and Ouster spotlighted as AI boom beneficiaries
• Neutral Sentiment: Company released the formal Q1 press release, slide deck and conference?call materials (useful for digging into backlog, margin outlook and customer mix). ACM Research Reports First Quarter 2026 Results
• Negative Sentiment: EPS declined year?over?year (from $0.46 to $0.34), showing profit per share hasn’t fully recovered despite higher revenue — monitor margin trajectory and cost trends. ACM Research earnings / transcript
• Negative Sentiment: Valuation and returns profile could concern some investors: PE sits elevated and return on equity was modest, so continued execution is required to justify higher multiples. Market data and metrics for ACMR

Analysts Set New Price Targets

Several brokerages have issued reports on ACMR. Seaport Research Partners began coverage on ACM Research in a research report on Monday. They set a “buy” rating and a $75.00 target price on the stock. Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings raised ACM Research from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen cut ACM Research from a “hold” rating to a “sell” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.00.

About ACM Research

ACM Research, Inc (NASDAQ:ACMR) designs, develops and markets wet processing equipment for the semiconductor industry. The company focuses on advanced wafer cleaning technologies that address critical contamination-control requirements for logic, memory and advanced packaging applications. Since its founding in 2003, ACM Research has engineered modular platform tools that can be configured for a range of spin, scrub and batch cleaning processes.

Its product portfolio encompasses single-wafer spin cleaning systems featuring high-purity megasonic capabilities, dynamic chemical scrubbing modules for post-CMP residue removal and batch-process cleaning equipment designed for high-throughput production environments.