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Semicap·ACMR
ACM Research, Inc.
NASDAQ · US
Wafer cleaning, plating, furnace, and advanced packaging equipment supplier.
AI relevance
Process and packaging equipment exposure to AI semiconductor capacity expansion.
Price
$79.41
Change
+0.89 (+1.13%)
Market cap
$5.1B
52w range
$26–$127
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
ACMR market performance
Daily close for ACM Research, Inc.
- Latest close
- $79.41
- Range move
- +$53.80 (+210.1%)
- Range high
- $126.9
- Range low
- $25.61
- Latest volume
- 546.9K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
11 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
11 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
11 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
11 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
11 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
47 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus10 ratings
Strong buy
0
Buy
8
Hold
2
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $1.17B | $1.15B - $1.18B | $2.16 | $1.97 - $2.40 | $228.2M | $197.1M | $144.0M | $191.1M | 5 rev / 2 EPS |
| 2027-12-31 | $1.51B | $1.36B - $1.64B | $3.20 | $2.93 - $3.56 | $292.5M | $252.7M | $197.8M | $244.9M | 5 rev / 3 EPS |
| 2028-12-31 | $1.83B | $1.66B - $2.02B | $4.41 | $3.72 - $5.55 | $356.1M | $307.7M | $285.6M | $298.2M | 4 rev / 3 EPS |
| 2029-12-31 | $2.17B | $2.03B - $2.35B | $4.75 | $4.35 - $5.28 | $421.0M | $363.7M | $319.7M | $352.5M | 2 rev / 1 EPS |
| 2030-12-31 | $2.57B | $2.41B - $2.80B | $5.80 | $5.31 - $6.45 | $500.0M | $432.0M | $390.4M | $418.7M | 2 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | $308.5M | $294.5M - $330.5M | $0.49 | $0.46 - $0.54 | $59.9M | $51.8M | $35.0M | $50.2M | 5 rev / 2 EPS |
| 2026-12-30 | $342.4M | $329.2M - $353.8M | $0.59 | $0.56 - $0.66 | $66.5M | $57.5M | $42.6M | $55.7M | 5 rev / 2 EPS |
| 2027-03-30 | $305.4M | $291.9M - $330.2M | $0.61 | $0.58 - $0.67 | $59.3M | $51.3M | $43.8M | $49.7M | 4 rev / 1 EPS |
| 2027-06-30 | $337.9M | $323.0M - $365.4M | $0.76 | $0.71 - $0.84 | $65.6M | $56.7M | $54.4M | $55.0M | 4 rev / 1 EPS |
| 2027-09-30 | $375.4M | $358.9M - $405.9M | $0.90 | $0.85 - $1.00 | $72.9M | $63.0M | $64.7M | $61.1M | 4 rev / 1 EPS |
| 2027-12-30 | $392.9M | $375.6M - $424.8M | $0.97 | $0.91 - $1.07 | $76.3M | $65.9M | $69.7M | $63.9M | 4 rev / 1 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 1 | $100.00 |
| Last quarter | 4 | $113.75 |
| Last year | 7 | $88.57 |
| All time | 13 | $57.97 |
Sources: StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-06-24 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-06-18 | Roth Capital | Maintain | Buy | Buy |
| 2025-09-30 | Roth Capital | Maintain | Buy | Buy |
| 2025-02-27 | Needham | Maintain | Hold | Hold |
| 2024-12-05 | Craig-Hallum | Downgrade | Buy | Hold |
| 2024-12-04 | Needham | Downgrade | Buy | Hold |
| 2024-10-01 | Needham | Maintain | Buy | Buy |
| 2024-08-08 | Roth MKM | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 2 | 5 | 1 | 0 | 0 |
| 2026-07-01 | 2 | 5 | 1 | 0 | 0 |
| 2026-06-01 | 2 | 5 | 1 | 0 | 0 |
| 2026-05-01 | 2 | 5 | 1 | 0 | 0 |
| 2026-04-01 | 2 | 4 | 1 | 0 | 0 |
| 2026-03-01 | 2 | 5 | 1 | 0 | 0 |
| 2026-02-01 | 2 | 5 | 1 | 0 | 0 |
| 2026-01-01 | 2 | 6 | 1 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $901.3M | $400.1M | 44.4% | $145.0M | $109.4M | $158.5M | $94.1M | $1.47 |
| FY 2024 | $782.1M | $391.6M | 50.1% | $105.5M | $151.0M | $180.4M | $103.6M | $1.67 |
| FY 2023 | $557.7M | $276.2M | 49.5% | $92.7M | $95.8M | $127.0M | $77.3M | $1.29 |
| FY 2022 | $388.8M | $183.6M | 47.2% | $62.2M | $59.0M | $74.4M | $39.3M | $0.66 |
| FY 2021 | $259.8M | $114.9M | 44.2% | $34.2M | $38.7M | $46.2M | $37.8M | $0.65 |
| FY 2020 | $156.6M | $69.6M | 44.4% | $19.1M | $21.5M | $21.3M | $18.8M | $0.34 |
| FY 2019 | $107.5M | $50.7M | 47.1% | $12.9M | $17.8M | $18.6M | $18.9M | $0.37 |
| FY 2018 | $74.6M | $34.4M | 46.2% | $10.4M | $6.5M | $6.9M | $6.6M | $0.12 |
| FY 2017 | $36.5M | $17.2M | 47.2% | $5.1M | $700,000 | $223,000 | -$316,000 | $-0.02 |
| FY 2016 | $27.4M | $13.3M | 48.7% | $3.3M | $3.5M | $3.4M | $1.0M | $0.04 |
| FY 2015 | $31.2M | $14.1M | 45.3% | $2.9M | $4.9M | $5.7M | $5.4M | $0.68 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$10.3M | $56.3M | -$66.6M |
| FY 2024 | $152.4M | $82.5M | $70.0M |
| FY 2023 | -$75.3M | $61.9M | -$139.7M |
| FY 2022 | -$62.2M | $91.1M | -$154.7M |
| FY 2021 | -$40.1M | $9.2M | -$49.8M |
| FY 2020 | -$13.5M | $45.4M | -$69.0M |
| FY 2019 | $9.4M | $1.1M | $8.3M |
| FY 2018 | $6.9M | $2.1M | $4.8M |
| FY 2017 | -$8.1M | $766,000 | -$8.9M |
| FY 2016 | -$3.7M | $817,000 | -$4.5M |
| FY 2015 | $2.7M | $1.4M | $1.3M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $1.17B | $552.9M | $702.6M | $332.8M | $2.87B | $303.0M | -$463.0M | $941.7M | $1.46B |
| FY 2024 | $444.1M | $428.9M | $598.0M | $283.3M | $1.86B | $188.8M | -$218.7M | $759.8M | $904.6M |
| FY 2023 | $283.9M | $325.7M | $545.4M | $208.9M | $1.49B | $99.1M | -$83.0M | $564.7M | $767.4M |
| FY 2022 | $338.7M | $212.6M | $393.2M | $85.4M | $1.24B | $79.5M | -$168.4M | $423.3M | $674.9M |
| FY 2021 | $592.0M | $125.6M | $218.1M | $61.2M | $1.05B | $39.1M | -$523.4M | $240.5M | $676.2M |
| FY 2020 | $100.0M | $66.1M | $88.6M | $12.5M | $341.3M | $50.0M | -$21.8M | $133.1M | $141.2M |
| FY 2019 | $58.3M | $33.7M | $44.8M | $7.5M | $217.7M | $17.6M | -$40.6M | $120.4M | $97.3M |
| FY 2018 | $27.1M | $28.2M | $38.8M | $3.7M | $103.0M | $9.4M | -$17.7M | $50.7M | $52.3M |
| FY 2017 | $17.7M | $29.3M | $15.4M | $2.3M | $67.9M | $5.1M | -$12.6M | $28.0M | $39.9M |
| FY 2016 | $10.1M | $17.8M | $11.7M | $2.3M | $44.5M | $4.8M | -$5.3M | $42.0M | -$2.4M |
| FY 2015 | $4.4M | $13.3M | $9.1M | $1.8M | $32.2M | $9.7M | $5.3M | $36.6M | -$8.2M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 44.4% | 12.1% | 10.4% | 3.3x | 2.3x | 6.4% | 4.4% | 2.3x | 13.1x | -2.6% | 16.1% | 555d |
| FY 2024 | 50.1% | 19.3% | 13.2% | 2.3x | 1.4x | 11.5% | 9.2% | 0.9x | 4.0x | 7.5% | 13.5% | 629d |
| FY 2023 | 49.5% | 17.2% | 13.9% | 2.3x | 1.3x | 10.1% | 7.7% | 2.0x | 8.6x | -11.9% | 16.6% | 722d |
| FY 2022 | 47.2% | 15.2% | 10.1% | 2.4x | 1.4x | 5.8% | 4.9% | 0.7x | 3.9x | -33.9% | 16.0% | 718d |
| FY 2021 | 44.2% | 14.9% | 14.5% | 4.6x | 3.6x | 5.6% | 4.5% | 4.3x | 24.2x | -3.0% | 13.2% | 491d |
| FY 2020 | 44.4% | 13.7% | 12.0% | 2.5x | 1.7x | 13.3% | 8.0% | 9.3x | 68.4x | -4.7% | 12.2% | 377d |
| FY 2019 | 47.1% | 16.5% | 17.6% | 3.7x | 2.9x | 19.4% | 9.9% | 2.5x | 14.5x | 2.7% | 12.0% | 317d |
| FY 2018 | 46.2% | 8.7% | 8.8% | 2.1x | 1.2x | 12.6% | 8.7% | 2.4x | 25.5x | 2.5% | 13.9% | 338d |
| FY 2017 | 47.2% | 1.9% | -0.9% | 2.9x | 2.2x | -0.8% | 1.4% | 0.6x | 105.2x | -24.6% | 14.1% | 443d |
| FY 2016 | 48.7% | 12.8% | 3.8% | 2.4x | 1.7x | -42.4% | 8.7% | 1.4x | 11.6x | -10.2% | 11.9% | 419d |
| FY 2015 | 45.3% | 15.6% | 17.2% | 1.4x | 0.9x | -65.3% | 22.9% | 0.6x | 3.5x | 9.0% | 9.4% | 306d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +15.2% | +2.2% | +37.5% | -27.5% | -9.2% | -12.0% | -195.2% | +31.7% | +163.0% | +17.5% | +54.8% | +60.5% |
| FY 2024 | +40.2% | +41.8% | +13.8% | +57.6% | +34.0% | +29.5% | +150.1% | -28.2% | +56.4% | +9.6% | +24.5% | +90.5% |
| FY 2023 | +43.4% | +50.4% | +49.0% | +62.3% | +97.0% | +95.5% | +9.7% | +30.5% | -16.2% | +38.7% | +20.7% | +24.6% |
| FY 2022 | +49.7% | +59.9% | +81.9% | +52.5% | +4.0% | +1.5% | -210.6% | -852.6% | -42.8% | +80.3% | +17.4% | +103.1% |
| FY 2021 | +65.8% | +65.0% | +78.9% | +80.1% | +101.0% | +91.2% | +27.9% | +82.5% | +492.0% | +146.1% | +208.3% | -21.7% |
| FY 2020 | +45.7% | +37.4% | +48.2% | +20.8% | -0.6% | -8.1% | -933.9% | -4832.0% | +71.6% | +97.9% | +56.8% | +183.5% |
| FY 2019 | +44.1% | +47.0% | +24.3% | +174.9% | +187.4% | +208.3% | +71.1% | +45.7% | +114.8% | +15.6% | +111.3% | +86.7% |
| FY 2018 | +104.5% | +100.0% | +102.0% | +824.4% | +2180.4% | +884.3% | +154.6% | -170.4% | +53.4% | +151.9% | +51.8% | +85.0% |
| FY 2017 | +33.4% | +29.2% | +57.7% | -79.9% | -130.6% | -135.1% | -96.2% | +6.2% | +74.7% | +31.9% | +52.7% | +7.0% |
| FY 2016 | -12.3% | -5.6% | +10.8% | -28.2% | -80.8% | -93.6% | -439.5% | +40.4% | +129.9% | +27.6% | +38.3% | -50.8% |
| FY 2015 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $901.3M
Total Single Wafer and Semi-Critical Cleaning Equipment$626.0M · 69.5%
ECP Front End And Packaging Furnace And Other Technologies$199.6M · 22.1%
Advanced Packaging (exclude ECP), Services & Spares$75.8M · 8.4%
Latest geography mixFY 2024 · $782.1M
CHINA$775.8M · 99.2%
Oher Regions$6.4M · 0.8%
Product revenue annual
| Period | Total | Total Single Wafer and Semi-Critical Cleaning Equipment | ECP Front End And Packaging Furnace And Other Technologies | Advanced Packaging (exclude ECP), Services & Spares |
|---|---|---|---|---|
| FY 2025 | $901.3M | $626.0M | $199.6M | $75.8M |
| FY 2024 | $782.1M | $578.9M | $151.1M | $52.2M |
| FY 2022 | $388.8M | $272.9M | $77.5M | $38.4M |
| FY 2021 | $259.8M | $189.2M | $33.2M | $37.3M |
| FY 2020 | $156.6M | $131.2M | $13.3M | $12.0M |
Geography revenue annual
| Period | Total | Mainland China | CHINA | Oher Regions |
|---|---|---|---|---|
| FY 2024 | $782.1M | -- | $775.8M | $6.4M |
| FY 2022 | $388.8M | $377.8M | -- | $11.1M |
| FY 2021 | $259.8M | $258.6M | -- | $1.1M |
| FY 2020 | $156.6M | $154.4M | -- | $2.3M |
Transcripts47 on file
Transcripts
Events
Events
Next earnings
2026-11-04EPS est $0.51
Latest news
- ACM Research Is Growing Fast, But Cash Flow Still Lags
Seeking Alpha · 2026-08-22
- Wall Street Analysts See a 34.12% Upside in ACM Research (ACMR): Can the Stock Really Move This High?
Zacks Investment Research · 2026-08-18