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

ACM Research (NASDAQ:ACMR) issued its quarterly earnings results on Friday. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.19, FiscalAI reports. ACM Research had a net margin of 9.48% and a return on equity of 4.17%. The company had revenue of $292.92 million during the quarter, compared to analysts’ expectations of $269.28 million. During the same period last year, the company posted $0.54 EPS. ACM Research’s revenue was up 36.0% on a year-over-year basis.

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 Stock Up 6.1%

Shares of NASDAQ:ACMR traded up $4.82 during trading on Friday, reaching $83.80. 1,426,450 shares of the stock traded hands, compared to its average volume of 1,005,355. 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 has a debt-to-equity ratio of 0.11, a quick ratio of 2.52 and a current ratio of 3.51. The stock has a 50-day moving average of $92.09 and a two-hundred day moving average of $68.51. ACM Research has a 52-week low of $23.59 and a 52-week high of $127.19.

Insider Buying and Selling

In other ACM Research news, Director Haiping Dun sold 5,000 shares of ACM Research stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $66.22, for a total value of $331,100.00. Following the completion of the sale, the director owned 5,000 shares of the company’s stock, valued at approximately $331,100. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David H. Wang sold 60,000 shares of ACM Research stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $90.05, for a total value of $5,403,000.00. Following the completion of the sale, the insider directly owned 802,708 shares of the company’s stock, valued at approximately $72,283,855.40. The trade was a 6.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 123,752 shares of company stock worth $10,752,198 in the last three months. Insiders own 24.36% of the company’s stock.

Institutional Investors Weigh In On ACM Research

Several institutional investors have recently modified their holdings of ACMR. Maryland State Retirement & Pension System lifted its holdings in ACM Research by 2.2% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,764 shares of the specialty retailer’s stock valued at $306,000 after purchasing an additional 168 shares in the last quarter. MML Investors Services LLC increased its stake in shares of ACM Research by 1.0% in the fourth quarter. MML Investors Services LLC now owns 22,851 shares of the specialty retailer’s stock worth $901,000 after purchasing an additional 217 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of ACM Research by 7.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 416 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of ACM Research by 152.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,379 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 833 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of ACM Research by 656.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,293 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 1,122 shares during the period. 66.75% of the stock is owned by hedge funds and other institutional investors.

Key ACM Research News

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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ACMR shares. Morgan Stanley reaffirmed an “overweight” rating and set a $130.00 target price (up from $90.00) on shares of ACM Research in a research note on Tuesday, June 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of ACM Research in a research report on Tuesday, July 21st. Zacks Research downgraded ACM Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Seaport Research Partners assumed coverage on ACM Research in a research report on Monday, May 4th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Wall Street Zen upgraded ACM Research from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, ACM Research currently has an average rating of “Moderate Buy” and an average target price of $127.50.

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.