ACM Research (NASDAQ:ACMR) Issues Quarterly Earnings Results

ACM Research (NASDAQ:ACMR) released its earnings results on Thursday. The specialty retailer reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05, FiscalAI reports. ACM Research had a return on equity of 4.08% and a net margin of 14.48%. The business had revenue of $367.69 million for the quarter, compared to the consensus estimate of $310.56 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 36.6% compared to the same quarter last year.

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

• Third-quarter revenue rose 37% to $367.7 million, while shipments increased 31%; operating margin improved to 18% from 13.6% a year earlier.
• ACM raised its 2026 revenue outlook to $1.24–$1.28 billion, or 38%–42% annual growth, from a prior range of $1.125–$1.175 billion. Management expects shipments to grow faster than revenue.
• Backlog reached $2.5 billion as of September 29, up 88% year over year, and year-to-date orders through September were up 147%, providing support for planned growth.
• Growth was led by ECP and advanced packaging, with revenue up 83% and 71%, respectively; ACM also reported progress on SPM and panel-level plating. However, some newer platforms—including track and PECVD—remain in evaluation, with revenue contribution expected to develop through 2027 and 2028.
• Gross margin slipped to 41.6% from 42.1%, below ACM’s 42%–48% long-term target range; management cited product mix, foreign exchange, and inventory provisions, while expecting a modest improvement in the fourth quarter.

ACM Research Stock Down 11.5%

Shares of ACMR stock traded down $5.12 during mid-day trading on Thursday, hitting $39.31. The company’s stock had a trading volume of 2,814,025 shares, compared to its average volume of 1,369,636. ACM Research has a 52-week low of $28.46 and a 52-week high of $127.19. The business has a 50-day moving average price of $66.43 and a 200 day moving average price of $68.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.66 and a current ratio of 3.66. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 18.72 and a beta of 2.27.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Daiwa Securities Group began coverage on ACM Research in a research report on Wednesday, August 26th. They issued a “buy” rating and a $136.00 price target for the company. Craig Hallum reiterated a “buy” rating and issued a $100.00 price target on shares of ACM Research in a research note on Monday, August 10th. Weiss Ratings downgraded shares of ACM Research from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, ACM Research currently has an average rating of “Moderate Buy” and a consensus target price of $122.75.

Insider Buying and Selling at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $81.13, for a total transaction of $405,650.00. Following the sale, the director directly owned 5,000 shares of the company’s stock, valued at $405,650. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Wang sold 70,000 shares of ACM Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $74.59, for a total value of $5,221,300.00. Following the completion of the sale, the insider owned 802,708 shares of the company’s stock, valued at $59,873,989.72. The trade was a 8.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 24.36% of the company’s stock.

About ACM Research

ACM Research, Inc (NASDAQ: ACMR) develops and manufactures equipment used in semiconductor wafer processing. Its systems are designed to support the fabrication of integrated circuits and other electronic components, with a primary focus on cleaning and other process steps performed during semiconductor manufacturing.

The company’s product portfolio includes single-wafer cleaning systems, wet-cleaning equipment, electrochemical plating systems, and other wafer-processing tools. These products are used by semiconductor manufacturers and foundries in applications involving advanced logic, memory, and specialty devices.