ACM Research (ACMR) Company Report

ACM Research (Shanghai), Inc. (ACMSH) provided a brief introduction to its Q3 2025 results and financial performance during an investor relations activity on November 13, 2025.
As of September 29, 2025, ACMSH's order backlog was approximately RMB 9.072 billion, marking a 34.10% year-on-year increase. Memory products constitute a larger portion of this backlog, with an average delivery lead time of around 6 months.
The company expects its gross margin to remain in the 42%-48% range on a sustainable basis.
Management anticipates continued growth in advanced packaging demand and plans to disclose its 2026 revenue outlook in January 2026.

Nov 21, 2025, 9:03 PM

8-K

ACM Research Reports Third Quarter 2025 Results

ACMR

Earnings

Guidance Update

New Projects/Investments

ACM Research reported revenue of $269.2 million for the third quarter ended September 30, 2025, representing a 32.0% increase compared to the third quarter of 2024.
GAAP net income attributable to ACM Research, Inc. was $35.9 million, with diluted EPS of $0.52 for Q3 2025.
The company narrowed its revenue guidance range for fiscal year 2025 to $875 million to $925 million.
As of September 30, 2025, cash and cash equivalents, plus restricted cash and short-term and long-term time deposits, totaled $1,098.3 million.
In September 2025, ACM Shanghai raised approximately $623 million in net proceeds from a capital raise on the STAR Market, which resulted in ACM's equity interest in ACM Shanghai declining to 74.6%.

Nov 5, 2025, 1:16 PM

8-K

ACMR Reports Q3 2025 Financial Results and Updates 2025 Revenue Guidance

ACMR

Earnings

Guidance Update

New Projects/Investments

ACMR reported $269.2 million in revenue for Q3 2025, marking a 32.0% year-over-year increase.
Diluted GAAP earnings per share increased to $0.52 in Q3 2025 from $0.45 in Q3 2024, while diluted non-GAAP earnings per share decreased to $0.36 from $0.63 in the same period. GAAP gross margin was 42.0% and non-GAAP gross margin was 42.1%.
The company updated its 2025 revenue guidance range to $875 million - $925 million, a revision from the prior range of $850 million - $950 million.
Operationally, ACM Shanghai completed a second capital raise of $623 million net and paid a $37 million net dividend in Q3 2025. ACM also purchased an Oregon R&D and Clean Room Facility on October 1, 2024, to expand its R&D and demonstration capabilities in the U.S. market.

Nov 5, 2025, 1:00 PM

Presentation

ACMR Reports Strong Q3 2025 Revenue Growth and Narrows Full-Year Outlook

ACMR

Earnings

Guidance Update

New Projects/Investments

ACM Research reported Q3 2025 revenue of $269 million, a 32% year-over-year increase, with shipments at $263.1 million. The gross margin was 42.1%, at the low end of the target range, due to product mix and inventory provisions.
The full-year 2025 revenue outlook was narrowed to $875 million-$925 million, implying 15% year-over-year growth at the midpoint.
Net cash significantly increased to $811 million following ACM Shanghai's secondary capital raising of approximately $623 million, with funds allocated for investments in the Lingang Mini line and R&D.
The company is advancing new product lines, including shipping its first KR4 high throughput track platform in Q3 and planning to ship its first panel level packaging system in Q4, with new cleaning products, furnace, and PCVD expected to contribute more significantly to revenue in 2026.

Nov 5, 2025, 1:00 PM

Transcript

ACM Research Announces Preliminary Unaudited Q3 2025 Revenue and Shipments

ACMR

Earnings

Guidance Update

Revenue Acceleration/Inflection

ACM Research, Inc. (ACMR) expects preliminary unaudited revenue for the third quarter of 2025 to be in the range of $264 million to $267 million, representing year-over-year growth of 29% to 31%.
Preliminary total shipments for Q3 2025 are anticipated to be between $257 million and $262 million, indicating a year-over-year change of flat to down 2%.
The company will release its full financial results for the third quarter of 2025 and provide its revenue outlook for the remainder of the year on an earnings call scheduled for November 5, 2025.

Oct 29, 2025, 5:20 PM

8-K

ACM Research Announces Preliminary Q3 2025 Revenue and Shipments

ACMR

Guidance Update

Revenue Acceleration/Inflection

ACM Research expects preliminary unaudited revenue for the third quarter of 2025 to be in the range of $264 million to $267 million, which would represent year-to-year growth of 29% to 31%.
Preliminary total shipments for the third quarter of 2025 are anticipated to be between $257 million and $262 million, indicating a year-to-year change of flat to down 2%.
The company will discuss its full financial results for Q3 2025 and its revenue outlook on an earnings call scheduled for November 5, 2025.

Oct 29, 2025, 11:00 AM

Press Release

ACM Research Subsidiary ACM Shanghai Discloses Backlog Data

ACMR

Guidance Update

Revenue Acceleration/Inflection

ACM Research, Inc.'s operating subsidiary, ACM Research (Shanghai), reported a total backlog of RMB 9,071.5 million (USD $1,271.6 million) as of September 29, 2025.
This backlog figure represents a 34.1% year-over-year increase compared to the prior year's disclosed backlog.
The company noted that backlog is not a financial measure defined by Chinese GAAP or U.S. GAAP, and its calculation methodology may not be comparable to other companies.
ACM Shanghai plans to release its full financial results for the nine months ended September 30, 2025, on October 29, 2025, with ACM Research, Inc. reporting preliminary results on the same day.

Sep 29, 2025, 12:16 PM

8-K

ACM Research (Shanghai) Reports Significant Backlog Increase

ACMR

Revenue Acceleration/Inflection

ACM Research's operating subsidiary, ACM Research (Shanghai), reported a total backlog of RMB 9,071.5 million (USD $1,271.6 million) as of September 29, 2025.
This backlog figure represents a 34.1% year-over-year increase compared to the prior year's disclosed backlog.
The company noted that backlog is not a financial measure defined by Chinese GAAP or U.S. GAAP, and its calculation method may not be comparable to other companies.
ACM Shanghai plans to release its full financial results for the nine months ended September 30, 2025, on October 29, 2025, with ACM reporting preliminary results on the same day.

Sep 29, 2025, 11:30 AM

Press Release

ACM Research Subsidiary Announces Private Offering Results

ACMR

New Projects/Investments

ACM Research's operating subsidiary, ACM Research (Shanghai), announced the issuance report on a private offering of ordinary shares on September 24, 2025.
The offering involved 38,601,326 ordinary shares issued at RMB 116.11 per share.
This private offering raised gross proceeds of RMB 4.5 billion (approx. US$630 million) and net proceeds of RMB 4.4 billion (approx. US$624 million), which are intended for research and development, capital expenditures, and working capital.
Following the offering, ACM Research estimates its equity interest in ACM Shanghai will decrease to approximately 74.5% from 81.1%, while remaining the controlling shareholder.

Sep 24, 2025, 12:10 PM

8-K

ACM Research (Shanghai) Discusses Q2 2025 Performance and Market Outlook

ACMR

Earnings

Guidance Update

Revenue Acceleration/Inflection

ACM Research (Shanghai), Inc. reported nearly 40% sequential revenue growth in Q2 2025, driven by increased equipment sales and robust customer demand.
Despite strong Q2 performance, the company is maintaining its full-year revenue guidance, with any revisions dependent on second-half business performance and order trends.
The estimated total addressable market (SAM) in China has been raised from USD 5.0 billion to USD 7.0 billion, and the long-term size of China's semiconductor equipment market by 2030 is now estimated at USD 40.0 billion.
The company has set a long-term target of USD 1.5 billion in overseas revenue.
To support future growth, the Lingang facility's Factory B is scheduled to begin fit-out next year, expected to provide an additional annual production capacity of RMB 20.0 billion when fully operational.

Aug 21, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for ACM Research.

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