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

ACM Research (NASDAQ:ACMR) announced its quarterly earnings results on Friday. The specialty retailer reported $0.61 EPS for the quarter, topping 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 firm had revenue of $292.92 million during the quarter, compared to analyst estimates of $269.28 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 36.0% on a year-over-year basis.

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 Price Performance

Shares of ACMR traded up $4.82 during trading hours on Friday, reaching $83.80. 1,412,596 shares of the stock traded hands, compared to its average volume of 1,476,933. The company has a market cap of $5.13 billion, a P/E ratio of 63.97 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. The company’s 50-day moving average price is $92.14 and its two-hundred day moving average price is $68.41. ACM Research has a 52-week low of $23.59 and a 52-week high of $127.19.

Insider Transactions at ACM Research

In related news, Director Haiping Dun sold 5,000 shares of the business’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 value of $331,100.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately $331,100. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sotheara Cheav sold 13,351 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the sale, the insider directly owned 100,002 shares of the company’s stock, valued at approximately $8,515,170.30. This trade represents a 11.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 123,752 shares of company stock valued at $10,752,198 over the last 90 days. Company insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in shares of ACM Research by 444.5% during the 4th quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock worth $52,947,000 after purchasing an additional 1,095,634 shares during the period. Janus Henderson Group PLC lifted its stake in ACM Research by 1,406.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after purchasing an additional 1,011,088 shares during the last quarter. Morgan Stanley lifted its stake in ACM Research by 58.8% in the fourth quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock worth $54,926,000 after purchasing an additional 515,340 shares during the last quarter. Nearwater Capital Markets Ltd purchased a new position in shares of ACM Research during the fourth quarter valued at approximately $13,839,000. Finally, New York State Common Retirement Fund boosted its position in shares of ACM Research by 1,819.6% during the fourth quarter. New York State Common Retirement Fund now owns 303,543 shares of the specialty retailer’s stock valued at $11,975,000 after buying an additional 287,730 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACMR shares. Wall Street Zen upgraded shares of ACM Research from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Roth Capital set a $125.00 price target on shares of ACM Research and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. Zacks Research lowered ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $130.00 target price (up from $90.00) on shares of ACM Research in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACM Research presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.