ACM Research (NASDAQ:ACMR) Announces Earnings Results

Key Points

• Q1 beat: ACM reported $0.34 EPS versus a $0.16 consensus and revenue of $231.3M (up 34% YoY), and management reiterated a 2026 revenue outlook of $1.08B–$1.175B.
• Product and capacity momentum: Electroplating/ECP revenues surged (~205% YoY), panel‑level horizontal plating deliveries and a ramp of single‑wafer SPM units (>15–20 expected by year‑end) plus new Lingang capacity and planned U.S. production point to accelerating global deployment.
• Risks/valuation: Insiders sold shares recently (65,000 shares last quarter), EPS is still below last year’s $0.46, and the stock trades at an elevated P/E (~43x) with modest ROE (~5%), meaning continued execution is needed to justify the multiple.

ACM Research (NASDAQ:ACMR - Get Free Report) released its earnings results on Thursday. The specialty retailer reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.18, FiscalAI reports. ACM Research had a return on equity of 4.97% and a net margin of 10.44%.The company had revenue of $231.26 million during the quarter, compared to the consensus estimate of $215.69 million. During the same quarter last year, the company earned $0.46 earnings per share. ACM Research's quarterly revenue was up 34.2% compared to the same quarter last year.

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

• Q1 financials: Revenue was $231M (+34%) with shipments up 54%, gross margin 46.5%, net cash ~$924M, and management reiterated its 2026 revenue outlook of $1.08B–$1.175B.
• ECP and advanced packaging strength: ECP/furnace/other revenues grew ~205% year‑over‑year driven by electroplating momentum and panel-level horizontal plating (515×510) has been delivered to customers with a growing backlog toward potential volume orders.
• Single‑wafer SPM ramp: Management expects >15–20 SPM units delivered by year‑end, touting superior particle performance and a maintenance‑free design that they say should win market share versus the incumbent.
• Cleaning segment mix and timing: Cleaning revenue declined ~6% year‑over‑year, but shipments rose 32% and PO backlog increased, with management saying new SPM shipments will drive normalization of the cleaning mix later in 2026.
• Capacity and globalization: Lingang mini‑line is operational and a second building will raise capacity toward a $3B annual run‑rate, while an Oregon demo lab and plans for U.S. tool production by year‑end 2026 support global deployment (>20 tools outside mainland China expected in 2026).

ACM Research Price Performance

ACM Research stock traded up $3.82 during midday trading on Thursday, reaching $59.20. 2,979,559 shares of the company were exchanged, compared to its average volume of 1,052,278. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 43.21 and a beta of 1.82. The firm's 50-day simple moving average is $48.52 and its 200-day simple moving average is $46.20. ACM Research has a 1 year low of $19.76 and a 1 year high of $71.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.33 and a current ratio of 3.27.

Insider Transactions at ACM Research

In related news, Director Charles C. Pappis sold 5,000 shares of ACM Research stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $52.00, for a total transaction of $260,000.00. Following the completion of the sale, the director owned 5,000 shares in the company, valued at approximately $260,000. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tracy Liu sold 15,000 shares of ACM Research stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.91, for a total value of $718,650.00. Following the sale, the director owned 110,772 shares of the company's stock, valued at approximately $5,307,086.52. This represents a 11.93% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,000 shares of company stock valued at $3,110,750. 25.00% of the stock is currently owned by company insiders.

Institutional Trading of ACM Research

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Watershed Asset Management L.L.C. purchased a new stake in ACM Research in the 4th quarter valued at about $428,000. Amundi purchased a new stake in ACM Research in the 4th quarter valued at about $388,000. Vident Advisory LLC purchased a new stake in ACM Research in the 4th quarter valued at about $383,000. Creative Planning grew its holdings in ACM Research by 19.0% in the 3rd quarter. Creative Planning now owns 9,722 shares of the specialty retailer's stock valued at $380,000 after buying an additional 1,550 shares during the period. Finally, Caxton Associates LLP purchased a new stake in ACM Research in the 3rd quarter valued at about $264,000. Hedge funds and other institutional investors own 66.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings raised ACM Research from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Wall Street Zen downgraded ACM Research from a "hold" rating to a "sell" rating in a research note on Sunday, March 8th. Zacks Research downgraded ACM Research from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Finally, Seaport Research Partners assumed coverage on ACM Research in a research note on Monday. They set a "buy" rating and a $75.00 price target for the company. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.00.

More ACM Research News

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

• Positive Sentiment: Q1 results beat expectations — ACMR reported $0.34 EPS vs. the consensus $0.16 and revenue of $231.3M (up 34.2% year‑over‑year), signaling strong top‑line demand in wafer processing. ACM Research, Inc. (ACMR) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: New coverage: Seaport Global initiated coverage with a Buy, which can drive investor interest and flows into the stock. Seaport Global initiates coverage of ACM Research (ACMR) with buy recommendation
• Positive Sentiment: Favorable thematic/media coverage positions ACMR as an AI/advanced packaging beneficiary, boosting investor sentiment around secular growth upside. ACM Research and Ouster spotlighted as AI boom beneficiaries
• Neutral Sentiment: Company released the formal Q1 press release, slide deck and conference‑call materials (useful for digging into backlog, margin outlook and customer mix). ACM Research Reports First Quarter 2026 Results
• Negative Sentiment: EPS declined year‑over‑year (from $0.46 to $0.34), showing profit per share hasn’t fully recovered despite higher revenue — monitor margin trajectory and cost trends. ACM Research earnings / transcript
• Negative Sentiment: Valuation and returns profile could concern some investors: PE sits elevated and return on equity was modest, so continued execution is required to justify higher multiples. Market data and metrics for ACMR

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.

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