ACM Research (NASDAQ:ACMR) Shares Gap Up Following Better-Than-Expected Earnings

Key Points

• ACM Research beat quarterly expectations: Earnings per share came in at $0.61 versus the $0.42 consensus, while revenue rose 36% year over year to $292.92 million, exceeding estimates of $269.28 million.
• Shares initially surged on the report: The stock opened at $92.55 after closing at $78.98, though it later traded near $81, reflecting significant volatility.
• Growth prospects remain balanced by cautious guidance: New orders for the Ultra ECP ap-p tool and expansion of the Ultra C Tahoe platform support semiconductor-equipment growth, but fiscal 2026 revenue guidance of $1.1 billion to $1.2 billion is below analyst expectations at the midpoint.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) shares gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $78.98, but opened at $92.55. ACM Research shares last traded at $81.0080, with a volume of 368,425 shares changing hands.

The specialty retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.19. The firm had revenue of $292.92 million for the quarter, compared to the consensus estimate of $269.28 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The business's quarterly revenue was up 36.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS.

More ACM Research News

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, up from $0.54 a year earlier and above estimates ranging from $0.30 to $0.42. Revenue reached $292.92 million, 36% higher year over year and ahead of the $269.28 million consensus estimate. ACM Research Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: New product traction supports growth: ACM Research received a first production order and an evaluation order from customers for its Ultra ECP ap-p horizontal panel electroplating tool, potentially expanding its opportunity in advanced packaging. Ultra ECP ap-p Customer Orders
• Positive Sentiment: Broader addressable market: The company expanded its Ultra C Tahoe system into a multi-process wet-processing platform for additional logic and memory manufacturing applications, strengthening its semiconductor equipment portfolio. ACM Research Expands Ultra C Tahoe
• Negative Sentiment: Revenue guidance is cautious: ACM Research forecast fiscal 2026 revenue of $1.1 billion to $1.2 billion, with the midpoint below the roughly $1.2 billion analyst consensus. Investors may also remain focused on rising expenses and margin pressure despite the strong quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Seaport Research Partners began coverage on ACM Research in a research note on Monday, May 4th. They set a "buy" rating and a $75.00 price objective on the stock. Zacks Research cut ACM Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Morgan Stanley reissued an "overweight" rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research report on Tuesday, June 23rd. Weiss Ratings restated a "hold (c+)" rating on shares of ACM Research in a report on Tuesday, July 21st. Finally, Roth Capital set a $125.00 price target on ACM Research and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, ACM Research has an average rating of "Moderate Buy" and a consensus target price of $127.50.

Insider Transactions at ACM Research

In other news, Director Haiping Dun sold 5,000 shares of the company's stock in a transaction dated 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 in the company, valued at approximately $331,100. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Sotheara Cheav sold 13,351 shares of the company's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $85.15, for a total transaction of $1,136,837.65. Following the completion of the transaction, the insider owned 100,002 shares in the company, valued at $8,515,170.30. This represents a 11.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 123,752 shares of company stock worth $10,752,198. Insiders own 24.36% of the company's stock.

Institutional Investors Weigh In On ACM Research

Several large investors have recently modified their holdings of ACMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ACM Research by 10.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,061 shares of the specialty retailer's stock valued at $748,000 after purchasing an additional 3,065 shares in the last quarter. Caxton Associates LLP purchased a new stake in ACM Research during the first quarter worth $250,000. Strs Ohio purchased a new stake in ACM Research during the first quarter worth $133,000. Creative Planning bought a new stake in ACM Research during the 2nd quarter valued at $212,000. Finally, Norges Bank bought a new stake in ACM Research during the 2nd quarter valued at $739,000. Institutional investors own 66.75% of the company's stock.

ACM Research Price Performance

The firm has a market capitalization of $4.98 billion, a PE ratio of 61.61 and a beta of 1.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock has a fifty day moving average price of $92.14 and a 200-day moving average price of $68.41.

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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