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ACM Research

ACMR

ACM Research develops and manufactures advanced capital equipment for the global semiconductor industry, specializing in wet-cleaning, plating, and furnace technologies.

Market cap
$5.53B+170%
Revenue$960.2M+19.7%
Net income$91.0M-14.6%
Free cash flow-$138.5M-298%
EPS (diluted)$1.31-16.0%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$269.3M
EPS estimate$0.30

Financials

Q1 2026

Income statement

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Revenue$231.3M+34.2%
Gross profit$107.2M+29.9%
Operating income$36.2M+40.3%
Net income$17.3M-15.1%
EPS (diluted)$0.24-20.0%

Balance sheet

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Cash & equivalents$894.1M+91.1%
Total debt$323.8M+91.3%
Total equity$1.6B+66.6%
Total assets$3.1B+58.5%

Cash flow

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Operating cash flow-$29.5M-659%
CapEx$22.2M+32.7%
Free cash flow-$51.7M-352%

Valuation & ratios

Valuation

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Market cap$5.53B+170%
Enterprise value$4.96B+173%
P/E60.7×+42.5×
P/S5.8×+3.3×

Profitability

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Gross margin44.2%-5.0pp
Operating margin12.5%-6.4pp
Net margin9.5%-3.8pp

Returns & leverage

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Return on equity7.2%-5.0pp
Debt / equity0.2×0.0×
Current ratio3.5×+1.1×

Segments

By product

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Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment$122.5M-5.5%
ECP (front-end and packaging), Furnace and Other Technologies$84.2M+205%
Advanced Packaging (excluding ECP), Services & Spares$24.5M+62.0%

Competitors

Profile

ACM Research develops and manufactures advanced capital equipment for the global semiconductor industry, specializing in wet-cleaning, plating, and furnace technologies. The company provides differentiated process solutions that enhance product yield and performance for complex semiconductor structures as they scale to smaller geometries. Their equipment is essential for the fabrication of advanced logic, foundry, and memory chips, including DRAM and 3D NAND-flash.

Competitive position

ACM Research is a specialized provider of yield-enhancing wet-cleaning technology, competing as a high-growth challenger to established global semiconductor equipment giants.

GeographiesChina, Asia, North America, Western Europe
Customer segmentsSemiconductor Fabricators, Foundries, Memory Manufacturers
Business modelHardware Manufacturing, Aftermarket Services
SuppliersPrecision Component Manufacturers, Electronic Subsystem Suppliers, Raw Material Providers
CustomersFoundry Operators, Logic Chip Manufacturers, DRAM and 3D NAND Memory Producers, Outsourced Semiconductor Assembly and Test (OSAT) Providers
Listed2017
Employees1.6K
CEODavid H. Wang
FilingsSEC EDGAR

Questions, answered.

What is ACM Research's market cap?
ACM Research (ACMR) has a market capitalization of $5.5B and trades on NASDAQ.
What is ACM Research's revenue and profitability?
ACM Research generated $960.2M in trailing twelve-month revenue with net income of $91.0M, representing a net margin of 9.5%. Gross margin stands at 44.2%, with free cash flow of -$138.5M. These figures are based on the Q1 2026 filing.
Who are ACM Research's competitors?
ACM Research's key competitors include Applied Materials, Inc., Lam Research Corporation, Entegris Inc, and others. These companies compete in similar markets and product categories.
What subsidiaries does ACM Research have?
ACM Research's subsidiaries include ACM Research (Shanghai), Inc..
Where is ACM Research headquartered?
ACM Research is headquartered in United States of America and employs approximately 1,590 people. It has been publicly traded since 2017.