What is ACM Research's work in process?

ACM Research (ACMR) reported work in process of $81.64M in Q1 2026.

How has ACM Research's work in process changed year-over-year?

ACM Research's work in process increased by 15.2% year-over-year, from $70.89M to $81.64M.

What is the long-term trend for ACM Research's work in process?

Over 5 years (2020 to 2025), ACM Research's work in process has grown at a 20.8% compound annual growth rate (CAGR), from $23.87M to $61.42M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

ACM Research ACMR Work in process

Work in process at other companies

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Other financials

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

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Market cap$7.59B+75.5%

Enterprise value$7.02B+71.6%

P/E83.4×+42.8×

P/S7.9×+2.5×

Profitability

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Gross margin44.2%-5.0pp

Operating margin12.5%-6.4pp

Net margin9.5%-3.8pp

FCF margin-1.1%-0.5pp

Returns & leverage

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Return on equity7.2%-5.0pp

Debt / equity0.2×0.0×

Current ratio3.5×+1.1×

Where this comes from

Reported directly by ACM Research in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcess.

The official record: ACM Research’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ACM Research's work in process?: ACM Research (ACMR) reported work in process of $81.64M in Q1 2026.
How has ACM Research's work in process changed year-over-year?: ACM Research's work in process increased by 15.2% year-over-year, from $70.89M to $81.64M.
What is the long-term trend for ACM Research's work in process?: Over 5 years (2020 to 2025), ACM Research's work in process has grown at a 20.8% compound annual growth rate (CAGR), from $23.87M to $61.42M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.