ACM Research (NASDAQ:ACMR) Announces Quarterly Earnings Results

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

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 Up 13.5%

NASDAQ ACMR opened at $44.61 on Friday. ACM Research has a 12 month low of $28.46 and a 12 month high of $127.19. The company has a current ratio of 3.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average is $64.92 and its 200 day moving average is $68.38. The stock has a market cap of $2.88 billion, a PE ratio of 37.42 and a beta of 2.27.

ACM Research News Summary

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

• Positive Sentiment: Third-quarter earnings were $0.55 per share, above the $0.50 consensus estimate. Revenue reached $367.7 million, topping expectations of $310.6 million and rising 36.6% year over year. ACMR Q3 Earnings Beat Estimates on ECP Growth, Revenues Rise Y/Y
• Positive Sentiment: ACM Research raised its 2026 revenue outlook to $1.28 billion, signaling confidence in continued growth. ACM Research boosts 2026 revenue guidance to $1.28 billion
• Positive Sentiment: A record $2.5 billion backlog, stronger equipment orders and demand for electrochemical plating (ECP) and advanced packaging support the raised outlook and indicate substantial future business. ACMR Q3 Earnings Call Highlights Raised Outlook and Backlog Growth
• Positive Sentiment: Management cited expanding global demand, adding support to the growth outlook beyond the quarter’s results. ACM Research Reports Third Quarter 2026 Results

Analysts Set New Price Targets

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

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction that occurred 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 transaction, the director owned 5,000 shares of the company’s stock, valued at $405,650. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David H. Wang sold 70,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 802,708 shares in the company, valued at $59,873,989.72. This trade represents a 8.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 24.36% of the stock is owned by company insiders.

ACM Research Company Profile

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.