ACM Research (NASDAQ:ACMR) Announces Earnings Results, Beats Expectations By $0.19 EPS

ACM Research (NASDAQ:ACMR) released its earnings results on Friday. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.19, FiscalAI reports. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. During the same quarter in the previous year, the company posted $0.54 EPS. ACM Research’s quarterly revenue was up 36.0% compared to the same quarter last year.

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

• Strong second-quarter execution: Revenue and shipments each rose 36% year over year to approximately $293 million and $282 million, respectively, while operating margin remained about 19%.
• New products and advanced packaging drove growth: ECP, furnaces and other technologies grew 168%, while advanced packaging revenue excluding ECP, services and spares increased 153%; ACM also received panel-level plating orders from two customers.
• Improved outlook and order momentum: First-half orders increased more than 105% year over year, prompting ACM to raise the low end of its 2026 revenue guidance to $1.125 billion-$1.175 billion, implying 25%-30% growth.
• ACM reported more than $1 billion in global net cash, including approximately $300 million in the U.S., to support international expansion, production capacity and customer support; management expects more than 20 tools installed outside mainland China by year-end.
• Execution risks remain: Single-wafer cleaning revenue declined 14%, component supplies are tight and some delivery times have lengthened, while inventory reached $783 million and 2026 capital expenditures are expected to be approximately $175 million.

ACM Research Trading Up 6.1%

ACMR traded up $4.82 during trading on Friday, hitting $83.80. 1,412,596 shares of the stock traded hands, compared to its average volume of 1,476,933. The firm has a market capitalization of $5.13 billion, a P/E ratio of 63.97 and a beta of 1.96. ACM Research has a 12-month low of $23.59 and a 12-month high of $127.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The firm has a 50-day moving average of $92.14 and a 200 day moving average of $68.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley reissued an “overweight” rating and issued a $130.00 price target (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Seaport Research Partners began coverage on shares of ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price target for the company. Finally, Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total transaction of $331,100.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $331,100. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 40,002 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 123,752 shares of company stock worth $10,752,198. Company insiders own 24.36% of the company’s stock.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. CIBC Bancorp USA Inc. bought a new stake in ACM Research during the 3rd quarter valued at about $211,000. Caxton Associates LLP purchased a new stake in shares of ACM Research during the third quarter valued at approximately $264,000. Numerai GP LLC purchased a new stake in shares of ACM Research during the third quarter valued at approximately $239,000. Zacks Investment Management bought a new stake in shares of ACM Research during the third quarter valued at approximately $225,000. Finally, Tower Research Capital LLC TRC increased its position in shares of ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock valued at $157,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Key Headlines Impacting ACM Research

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

• Positive Sentiment: Q2 earnings and revenue beat estimates: ACM Research reported adjusted earnings of $0.61 per share, versus the $0.42 consensus estimate, while revenue reached $292.92 million, ahead of expectations of $269.28 million. Revenue increased 36% from the prior-year period, and EPS rose from $0.54. ACM Research Reports Second Quarter 2026 Results
• Positive Sentiment: New product demand supports growth: ACM Research’s Ultra ECP ap-p horizontal panel electroplating tool received its first production order and an evaluation order from customers. The development strengthens the company’s position in advanced packaging and panel-level processing. Ultra ECP ap-p Tool Orders
• Positive Sentiment: Expanded addressable market: The company expanded its Ultra C Tahoe system into a multi-process wet-processing platform, adding applications for logic and memory manufacturing. The broader platform could create additional cross-selling opportunities with semiconductor customers. Ultra C Tahoe Expansion
• Neutral Sentiment: Full-year outlook is mixed: ACM Research issued 2026 revenue guidance of $1.1 billion to $1.2 billion, broadly consistent with but slightly below the $1.2 billion analyst consensus midpoint/target. The update may temper enthusiasm despite the quarterly beat, particularly as the company faces rising expenses and margin pressure.

ACM Research Company Profile

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.