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ACM Research (ACMR) Stock Price & Analysis
ACMR Stock Chart & Stats
- Day’s Range
- $43.57 - $47.35
- 52-Week Range
- $28.46 - $127.19
- Previous Close
- $49.29
- Volume
- 369.39K
- Average Volume (3M)
- 1.25M
- Market Cap
- $3.17B
- Enterprise Value
- $8.55B
- Total Cash (Recent Filing)
- $1.46B
- Total Debt (Recent Filing)
- $349.32M
- Price to Earnings (P/E)
- 20.2
- Beta
- 1.84
- Next Earnings
- Nov 05, 2026 (Est.)
- EPS Estimate
- 0.51
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue And Order Growth
Exceptional order growth and 36% quarterly revenue expansion indicate broad customer demand across ACM Research’s semiconductor equipment portfolio. The raised 2026 revenue outlook and strong order book improve revenue visibility and support continued scale over the next several quarters.
Balance-sheet Strength
A substantial net-cash position and low leverage provide financial flexibility to fund research, capacity expansion, customer demonstrations, and international growth. This liquidity also gives ACM Research greater resilience if semiconductor capital-spending cycles or product qualification timing become less favorable.
Product Adoption And Diversification
Rapid growth in the installed electroplating base demonstrates meaningful customer adoption beyond the company’s established cleaning products. A broader platform footprint can support future services and parts revenue while new packaging, PECVD, and Track tools expand the company’s addressable opportunities.
Bears Say
Weak Cash Conversion
Negative operating and free cash flow despite positive net income shows that reported earnings are not currently converting into cash. Continued working-capital needs or investment could consume liquidity and constrain internally funded expansion, making cash generation an important medium-term execution risk.
Margin Compression
Revenue growth has continued while operating and EBITDA margins have declined from their 2024 peaks, indicating reduced earnings conversion as the business scales. If costs or product mix remain unfavorable, further growth may produce less incremental profit and weaken the durability of earnings expansion.
Inventory And Qualification Risk
High inventory tied to tools still under evaluation increases the risk that shipments will not convert into recognized revenue on the expected schedule. Extended qualification timelines could delay cash recovery, raise working-capital requirements, and amplify pressure on cash flow during the next several quarters.
ACM Research News
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ACM Research Stock Smart Score
Company Description
ACM Research
ACM Research, Inc., along with its affiliated companies, is a global developer, manufacturer, and provider of specialized single-wafer wet cleaning systems. These crucial systems are designed to enhance manufacturing processes and improve the yield of integrated circuits across the globe. The company's innovative technological offerings include: Space Alternated Phase Shift (SAPS) technology: This system uniformly applies megasonic energy at a microscopic scale to both flat and patterned wafer surfaces by utilizing alternating phases of megasonic waves. Timely Energized Bubble Oscillation (TEBO) technology: Specifically engineered for patterned wafer surfaces at advanced process nodes, this technology precisely cleans intricate 2D and 3D patterned wafers. Tahoe technology: Providing superior cleaning performance, this solution significantly reduces the consumption of sulfuric acid and hydrogen peroxide. Electro-chemical plating technology: This offering facilitates advanced metal plating processes. ACM Research markets and sells its product line, branded as Ultra C, through a combination of its own direct sales force and independent third-party representatives. Established in 1998, ACM Research, Inc. is headquartered in Fremont, California.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- David H. Wang
- Employees
- 2,513
- Website
- www.acmrcsh.com
- Address
- 42307 Osgood Road, Fremont, CA, 94539, US
ACM Research (ACMR) Earnings & Revenues
ACMR Company Deck
ACMR Earnings Call
Earnings Call SentimentPositive
The call conveyed strong demand with clear execution momentum: robust revenue and shipment growth (both +36% YoY), substantial order intake (+105% H1), rapid adoption of plating technology (2,000 chambers shipped), improved liquidity (net cash ~$1.0B) and upgraded FY2026 guidance. Management highlighted multiple commercialization milestones (panel-level plating orders, PECVD and Track evaluations), manufacturing capacity expansion (Lingang and Oregon) and broadened customer base. Offsetting risks include a 14.2% decline in single-wafer cleaning revenue to date (pending SPM qualification), elevated inventory of tools under evaluation, supply-chain/component lead-time constraints that could shift shipments between quarters, a modest YoY contraction in gross margin to 46%, higher operating/capex spend and a larger tax expense this quarter. Overall, the positives — strong orders, multi-product progress, balance-sheet strength and raised guidance — materially outweigh the execution and timing headwinds.
View all ACMR earnings summariesACMR Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 3 | 14 |
| Technical Analysis | 5 | 3 | 2 |
| Moving Averages | 0 | 0 | 12 |











