ACM Research (NASDAQ:ACMR) Issues Quarterly Earnings Results

ACM Research (NASDAQ:ACMR) announced its quarterly earnings data on Friday. The specialty retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19, FiscalAI reports. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. During the same period in the prior year, the firm posted $0.54 EPS. The company’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 Stock Up 6.1%

ACMR stock opened at $83.80 on Friday. The stock has a market cap of $5.13 billion, a P/E ratio of 39.90 and a beta of 1.96. The company has a current ratio of 3.51, a quick ratio of 2.52 and a debt-to-equity ratio of 0.11. ACM Research has a twelve month low of $23.59 and a twelve month high of $127.19. The company’s 50 day moving average is $92.09 and its two-hundred day moving average is $68.51.

Insider Activity

In related news, Director Haiping Dun sold 5,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $66.22, for a total value of $331,100.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $331,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David H. Wang sold 60,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $90.05, for a total transaction of $5,403,000.00. Following the completion of the transaction, the insider directly owned 802,708 shares in the company, valued at $72,283,855.40. This trade represents a 6.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 123,752 shares of company stock worth $10,752,198. Corporate insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of ACM Research by 444.5% in the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after purchasing an additional 1,095,634 shares during the last quarter. Cederberg Capital Ltd boosted its position in shares of ACM Research by 39.8% in the 4th quarter. Cederberg Capital Ltd now owns 693,900 shares of the specialty retailer’s stock valued at $27,374,000 after purchasing an additional 197,400 shares during the period. Vident Advisory LLC purchased a new position in ACM Research during the 4th quarter worth approximately $383,000. State of Tennessee Department of Treasury purchased a new position in ACM Research during the 4th quarter worth approximately $622,000. Finally, Mackenzie Financial Corp grew its stake in ACM Research by 4.3% during the 4th quarter. Mackenzie Financial Corp now owns 56,681 shares of the specialty retailer’s stock worth $2,274,000 after buying an additional 2,344 shares during the last quarter. Hedge funds and other institutional investors own 66.75% of the company’s stock.

Wall Street Analyst Weigh In

ACMR has been the subject of several recent analyst reports. Roth Capital set a $125.00 price objective on shares of ACM Research and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Seaport Research Partners began coverage on ACM Research in a report on Monday, May 4th. They issued a “buy” rating and a $75.00 target price on the stock. Morgan Stanley restated 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACM Research in a report on Tuesday, July 21st. Finally, Zacks Research cut ACM Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, ACM Research has an average rating of “Moderate Buy” and an average price target of $127.50.

ACM Research News Summary

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.