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ACMR · NasdaqGM

ACM Research, Inc.

Semiconductor Equipment & Materials · United States

USD 74.24-4.0% daily changeQuote 2026-09-28 · USD
Market cap (USD)
US$5.17B
Trailing P/E
35.02x
Forward P/E
25.66x
Quarterly revenue growth
36.0%
Trailing net margin
14.5%
Indicated dividend yield
—

Snapshot 2026-09-28 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-04 (provider estimate, not issuer-confirmed).

Company background

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms; Space Alternated Phase Shift, technology for flat and wafer surfaces; timely energized bubble oscillation, technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools. It also offers advanced packaging equipment, such as coaters, developers, photoresist strippers, scrubbers, wet etchers and copper-plating equipment; and advanced packaging products include: Ultra ECP ap, which delivers a uniform metal layer to finished wafers prior to packaging; Ultra C Developer, which applies liquid developer to selected parts of photoresist to resolve an image; Ultra C PR Megasonic-Assisted Stripper, which removes photoresist; Ultra C Scrubber, which scrubs and cleans wafers; Ultra C Thin Wafer Scrubber, which addresses a sub-market of cleaning very thin wafers for certain Asian assembly factories; and Ultra C Wet Etcher, which etches silicon wafers and copper and titanium interconnects. In addition, the company provides ECP technology for advanced metal plating; Ultra fn Furnace, a dry processing tool; Ultra Pmax PECVD tools, a proprietary designed chamber, gas distribution unit, and chuck; and Ultra Track, a 300mm process tool that delivers uniform air downflow, fast robot handling and configurable software to address specific customer requirements. It markets and sells its products under the SAPS, TEBO, ULTRA C, ULTRA Fn, Ultra ECP, Ultra ECP map, and Ultra ECP ap trademarks through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.

Company website

Q2 2026

Go beyond the headline.

ACM Research (ACMR) Q2 2026 Earnings: A 46% Beat, And 70% Of It Wasn’t Operating

Published 2026-08-09

Comparable businesses

ACMR peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricACMRACM Research, Inc.Snapshot 2026-09-28Financial period: 2026-06-30KLICKulicke and Soffa Industries, Inc.Snapshot 2026-09-28Financial period: 2026-07-04CAMTCamtek Ltd.Snapshot 2026-09-28Financial period: 2026-03-31Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$5.17BUS$4.67BUS$6.57BUS$5.62Bn=2
Forward P/EProvider forward earnings estimate25.66x15.13x29.40x22.26xn=2
EV / EBITDAEnterprise value / trailing EBITDA30.32x22.37x50.32x36.34xn=2
Revenue growthLatest quarter vs prior-year quarter36.0%122.6%2.5%62.5%n=2
Operating marginLatest reported quarter17.0%20.7%22.4%21.5%n=2
Free cash flow yieldTrailing cash flow / market cap-3.6%1.2%——
Net debt / EBITDANet debt / trailing EBITDA-6.83x-2.49x-1.32x-1.91xn=2
Debt / equityTotal debt / positive book equity0.15x0.04x0.71x0.38xn=2
Trailing P/ETrailing twelve-month earnings35.02x40.77x192.86x116.82xn=2
Price / bookPrice / positive book equity per share2.78x5.12x10.46x7.79xn=2
EV / salesEnterprise value / trailing revenue4.66x4.52x13.97x9.24xn=2
Earnings growthLatest quarter vs prior-year quarter180.6%—-10.0%—
Gross marginTrailing twelve months43.8%52.6%51.0%51.8%n=2
Net marginTrailing twelve months14.5%12.2%9.6%10.9%n=2
Return on equityProvider trailing return; positive equity only11.6%13.2%7.6%10.4%n=2
Free cash flow marginTrailing free cash flow / revenue-18.0%6.0%——
Dividend yieldIndicated annual dividend / price—0.9%——
Earnings payoutProvider trailing dividend payout0.0%37.5%0.0%18.8%n=2
Current ratioCurrent assets / current liabilities3.66x3.44x8.35x5.90xn=2
BetaProvider historical market sensitivity1.951.621.591.60n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-28. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ACMR

All available reporting periods
Q2 20262026-08-09

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.