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ACM Research (ACMR)
NASDAQ:ACMR
Earnings Data
Report Date
May 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.28Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced. The call highlighted solid top-line growth (15% FY), strengthened liquidity (net cash up to $845M), significant product and technical milestones (SPM nozzle performance, supercritical CO2 demo, first Singapore installation, panel-level horizontal plating), and an ambitious 2026 revenue outlook (midpoint implying ~25% growth). Offsetting these positives were notable margin compression (FY gross margin down from 50.4% to 44.5%), lower shipments (down ~12% YoY), higher inventories and provisions, rising OpEx/R&D that pressures near-term operating leverage, and customer concentration and competitive pricing pressures in China. Management frames margin weakness as temporary and highlights a multi-product ramp in 2026, but execution and timing of new-product shipments will determine whether the positives outweigh the near-term challenges.Company Guidance
Top-line Growth — Q4 and Full Year 2025
Revenue of $244 million in Q4 2025, up ~9% year-over-year (CFO: 9.4%); full-year revenue of $901.3 million, up ~15% YoY (CFO: 15.2%). Full-year 2026 guidance reiterated at $1.08B–$1.175B (midpoint implies ~25% YoY growth).
Strong Balance Sheet and Liquidity
Net cash of $845.5 million at year-end 2025 vs $259.1 million at year-end 2024; cash, cash equivalents and time deposits $1.13 billion vs $441 million. Proceeds from ACM Shanghai offerings: ~$623M (2025 private offering) and ~$111M (Feb 2026 sale).
Market Leadership and Product Revenue Mix
Cleaning business generated $626 million (69% of revenue) in 2025, up ~8% YoY and claimed coverage of ~95% of cleaning applications; electroplating/advanced packaging revenue (excluding ECP) grew ~45% in 2025 to ~$76 million, representing accelerating portfolio diversification.
Technical Breakthroughs and Best-in-Class Performance
SPM nozzle redesign achieved a 50 nm particle count under 20 (management cites best-in-class), eliminating routine chamber DI cleaning and boosting uptime; supercritical CO2 dry tool reduces CO2 consumption by ~40% versus competitors in demos.
New Product Wins and Global Customer Momentum
Delivered multiple single-wafer cleaning tools to a Singapore facility (first tool installation to Singapore); received orders from three global customers for wafer-level and panel-level advanced packaging tools with deliveries scheduled in 2026 and later in 2026 for a North America customer; strong repeat orders for SPM cleaning tools.
Manufacturing and Global Expansion
Lingang production and R&D center now primary production site (two buildings supporting up to $3B annual output); Oregon facility investment accelerated with operations expected H2 2026 to support U.S. customers and onshore production; 2026 capex plan ~ $200M to support growth and facilities.
Product Roadmap Progress — Track, PECVD, Furnace and Panel Plating
High-throughput 300 WPH KrF track tool delivered for evaluation with mass production qualification expected in 2026; first Ultra Lith BK system delivered; horizontal panel-level electroplating tool delivered to large panel customer (company positions horizontal approach as advantage vs vertical plating).
ACMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ACMR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $68.47 | $57.04 | -16.69% |
Nov 05, 2025 | $38.90 | $31.14 | -19.95% |
Aug 06, 2025 | $29.65 | $25.10 | -15.35% |
May 08, 2025 | $20.03 | $22.43 | +11.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ACM Research (ACMR) report earnings?
ACM Research (ACMR) is schdueled to report earning on May 01, 2026, Before Open (Confirmed).
What is ACM Research (ACMR) earnings time?
ACM Research (ACMR) earnings time is at May 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACMR EPS forecast?
ACMR EPS forecast for the fiscal quarter 2026 (Q1) is 0.28.