ACM Research, Inc. (ACMR) AI Stock Analysis

ACM Research, Inc., along with its subsidiaries, develops, manufactures, and sells advanced single-wafer wet cleaning equipment designed to enhance the manufacturing process and yield of integrated chips globally. Its proprietary solutions include space alternated phase shift technology, timely energized bubble oscillation for advanced process nodes, and Tahoe technology, which reduces chemical usage such as sulfuric acid and hydrogen peroxide. The company also offers electro-chemical plating technology to support advanced metal plating. Products are marketed under the Ultra C brand name through a direct sales force and third-party representatives.

Revenue increased from $259.8M in FY2021 to $901.3M in FY2025, delivering a 5-year revenue compound annual growth rate of 41.9%. Over that span, gross margin moved from 44.2% in FY2021 to a high of 50.1% in FY2024 before settling at 44.4% in FY2025. Operating margin was 12.1% in FY2025, down from 19.3% in FY2024, while net income totaled $94.1M. In the latest quarter ended June 30, 2026, quarterly revenue expanded 36.0% year-over-year and quarterly earnings grew 180.6% year-over-year.

As of June 30, 2026, ACM Research held $1.46B in cash and short-term investments alongside $349.3M in total debt, resulting in a net cash position of $1.11B. Total assets stood at $3.40B, supported by $1.86B in shareholders' equity. The company reported a current ratio of 3.66 and a debt-to-equity ratio of 0.19. During FY2025, free cash flow was -$66.6M, while capital expenditures were $56.3M, share buybacks totaled $7.0M, and dividends paid were $7.6M.

At a last close of $53.10, ACM Research traded at a trailing price-to-earnings ratio of 25.0x, below the 28.1x median of its US-listed Technology peers. Its forward price-to-earnings ratio was 30.2x, compared to the peer median of 18.8x, and its enterprise value-to-EBITDA was 17.1x versus the peer median of 16.6x. Over the past year, the stock returned 33.8%, outpacing the S&P 500 return of 16.8%, but its 5-year return of 51.3% trailed the S&P 500 return of 83.0%.

Wall Street coverage includes 6 Strong Buy, 3 Buy, and 1 Hold ratings, with zero Sell ratings. The mean price target of $115.33 represents an upside of 117.2% from the last close of $53.10. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $1.17B and an earnings per share of $2.14, representing 32.9% earnings growth. Over the last four quarters, the company exceeded earnings estimates twice, with the next earnings announcement scheduled for November 4, 2026.

This page is an AI-written research summary of ACM Research, Inc. (ACMR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ACMR income statement, ACMR balance sheet, ACMR key metrics, ACMR analyst forecast, ACMR chart. See the ACMR stock overview for the latest quote and news.