ACM Research Inc
NASDAQ:ACMR
ACM Research Inc
ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. The company is headquartered in Fremont, California and currently employs 877 full-time employees. The company went IPO on 2017-11-03. The firm markets and sells its wet-cleaning equipment under the brand name Ultra C, based on the Company's Space Alternated Phase Shift (SAPS), Timely Energized Bubble Oscillation (TEBO), and Tahoe technologies. These tools are designed to remove random defects from a wafer surface, without damaging the wafer or its features. The company has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM) and 3D NAND-flash memory chips. The company also develops, manufactures and sells a range of packaging tools to wafer assembly and packaging customers.
ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment. The company is headquartered in Fremont, California and currently employs 877 full-time employees. The company went IPO on 2017-11-03. The firm markets and sells its wet-cleaning equipment under the brand name Ultra C, based on the Company's Space Alternated Phase Shift (SAPS), Timely Energized Bubble Oscillation (TEBO), and Tahoe technologies. These tools are designed to remove random defects from a wafer surface, without damaging the wafer or its features. The company has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM) and 3D NAND-flash memory chips. The company also develops, manufactures and sells a range of packaging tools to wafer assembly and packaging customers.
Record Revenue: ACM Research delivered record Q3 revenue of $269 million, up 32% year-over-year, driven by strong demand across its product portfolio.
Gross Margin Pressure: Gross margin came in at 42.1%, at the low end of the target range, due to product mix and inventory write-downs.
Shipments Weakness: Q3 shipments were $263 million, up just 1% year-over-year, and management expects full-year shipments to be down compared to last year.
Guidance Narrowed: 2025 revenue guidance was narrowed to $875–925 million, implying 15% growth at the midpoint, with continued focus on innovation and new products.
Capital Raise: ACM Shanghai completed a $623 million capital raise, strengthening the balance sheet to fund expansion and R&D.
Product Innovation: Progress highlighted in advanced cleaning, plating, PECVD, and Track tools, with several new products expected to drive growth in 2026.
Macroeconomic Observations: AI and data center investments are fueling demand for wafer fab equipment, while China market conditions remain stable.
