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

ACM Research (NASDAQ:ACMR) issued 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. The firm had revenue of $292.92 million during the quarter, compared to analysts’ expectations of $269.28 million. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share.

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%

ACM Research stock opened at $83.80 on Friday. ACM Research has a 12 month low of $23.59 and a 12 month high of $127.19. The company has a quick ratio of 2.52, a current ratio of 3.51 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.13 billion, a P/E ratio of 63.97 and a beta of 1.96. The company’s fifty day simple moving average is $92.09 and its 200-day simple moving average is $68.51.

Insider Buying and Selling

In related news, insider David H. Wang sold 40,002 shares of ACM Research stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $85.80, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sotheara Cheav sold 5,399 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $83.18, for a total value of $449,088.82. Following the completion of the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $8,318,166.36. The trade was a 5.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 123,752 shares of company stock worth $10,752,198. Corporate insiders own 24.36% of the company’s stock.

Hedge Funds Weigh In On ACM Research

Several institutional investors have recently bought and sold shares of ACMR. Morgan Stanley increased its holdings in shares of ACM Research by 58.8% during the 4th quarter. Morgan Stanley now owns 1,392,306 shares of the specialty retailer’s stock valued at $54,926,000 after acquiring an additional 515,340 shares during the last quarter. Geode Capital Management LLC grew its holdings in ACM Research by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 1,342,899 shares of the specialty retailer’s stock valued at $52,986,000 after purchasing an additional 19,397 shares during the last quarter. Invesco Ltd. raised its position in shares of ACM Research by 444.5% in the fourth quarter. Invesco Ltd. now owns 1,342,136 shares of the specialty retailer’s stock valued at $52,947,000 after purchasing an additional 1,095,634 shares during the period. Janus Henderson Group PLC lifted its stake in shares of ACM Research by 1,406.4% in the fourth quarter. Janus Henderson Group PLC now owns 1,082,982 shares of the specialty retailer’s stock worth $42,740,000 after buying an additional 1,011,088 shares during the last quarter. Finally, Cederberg Capital Ltd lifted its stake in shares of ACM Research by 39.8% in the fourth quarter. Cederberg Capital Ltd now owns 693,900 shares of the specialty retailer’s stock worth $27,374,000 after buying an additional 197,400 shares during the last quarter. 66.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Roth Capital set a $125.00 price objective on ACM Research and gave the company a “buy” rating in a research report on Wednesday, June 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. 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 assumed coverage on ACM Research in a report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, Zacks Research lowered shares of ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Two 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, ACM Research currently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Key Stories 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.