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

Key Points

• ACM Research beat quarterly expectations: EPS came in at $0.61 versus the $0.42 consensus, while revenue reached $292.92 million, up 36% year over year and above the $269.28 million estimate.
• Growth was driven by new products and advanced packaging: ECP, furnaces and related technologies grew 168%, while advanced-packaging revenue excluding ECP, services and spares increased 153%. Strong order momentum led the company to raise the low end of its 2026 revenue guidance to $1.125 billion.
• Execution risks remain: Single-wafer cleaning revenue declined 14%, component shortages are extending delivery times, and inventory reached $783 million. Analysts maintain a “Moderate Buy” consensus with a $127.50 price target.

ACM Research (NASDAQ:ACMR - Get Free Report) released its earnings results on Friday. The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.19, FiscalAI reports. ACM Research had a return on equity of 4.17% and a net margin of 9.48%.The company had revenue of $292.92 million during the quarter, compared to the consensus estimate of $269.28 million. During the same quarter in the previous year, the company posted $0.54 EPS. ACM Research'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 Trading Up 6.1%

ACMR traded up $4.82 during trading on Friday, hitting $83.80. 1,412,596 shares of the stock traded hands, compared to its average volume of 1,476,933. The firm has a market capitalization of $5.13 billion, a P/E ratio of 63.97 and a beta of 1.96. ACM Research has a 12-month low of $23.59 and a 12-month high of $127.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.51 and a quick ratio of 2.52. The firm has a 50-day moving average of $92.14 and a 200 day moving average of $68.41.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of ACM Research in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of ACM Research from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Morgan Stanley reissued 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. Seaport Research Partners began coverage on shares of ACM Research in a research report on Monday, May 4th. They set a "buy" rating and a $75.00 price target for the company. Finally, Roth Capital set a $125.00 price objective on ACM Research and gave the company a "buy" rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.50.

Insider Transactions at ACM Research

In other ACM Research news, Director Haiping Dun sold 5,000 shares of the company'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 transaction of $331,100.00. Following the completion of the transaction, the director owned 5,000 shares of the company's stock, valued at $331,100. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David H. Wang sold 40,002 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total value of $3,432,171.60. Following the completion of the sale, the insider owned 802,708 shares of the company's stock, valued at approximately $68,872,346.40. This trade represents a 4.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 123,752 shares of company stock worth $10,752,198. Company insiders own 24.36% of the company's stock.

Institutional Trading of ACM Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACMR. CIBC Bancorp USA Inc. bought a new stake in ACM Research during the 3rd quarter valued at about $211,000. Caxton Associates LLP purchased a new stake in shares of ACM Research during the third quarter valued at approximately $264,000. Numerai GP LLC purchased a new stake in shares of ACM Research during the third quarter valued at approximately $239,000. Zacks Investment Management bought a new stake in shares of ACM Research during the third quarter valued at approximately $225,000. Finally, Tower Research Capital LLC TRC increased its position in shares of ACM Research by 7.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock valued at $157,000 after acquiring an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 66.75% of the company's stock.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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