ACM Research is executing a powerful growth inflection, with 2026Q2 revenue up 36% YoY to $292.9M and operating margin expanding to 17.0%, driven by diversification into ECP and advanced packaging (up 168% and 153%, respectively).
Price trend, volume and key moving averages
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Revenue accelerated 36% YoY to $292.9M in 2026Q2 with gross margin at 46.0% and operating margin expanding to 17.0%, though net margin of 30.4% was inflated by a likely tax benefit and lower SBC.
ACM Research has demonstrated strong revenue growth, with a reported 40% expansion, driving bullish sentiment.
The company's strategic focus on the Chinese semiconductor market is a key driver of its growth and stock appreciation.
ACM Research's valuation was considered discounted, contributing to its attractiveness as an investment opportunity.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $0.55+8.9% vs $0.51 | $368M+18.4% vs $311M |
Q3 2026 Aug 7, 2026 | $0.61+45.7% vs $0.42 | $293M+8.8% vs $269M |
Q2 2026 May 7, 2026 | $0.34+33.3% vs $0.26 | $231M+7.2% vs $216M |
Q1 2026 Feb 26, 2026 | $0.25-35.9% vs $0.39 | $244M+1.3% vs $241M |
ACM Research tops Q3 earnings estimates as ECP and advanced packaging demand fuels revenue growth, prompting a higher 2026 outlook amid a record $2.5B backlog.
ACM Research raises its 2026 revenue outlook as Q3 sales climb 36.6%, backed by a $2.5B backlog, stronger equipment orders and expanding global demand.
ACM Research delivered a double beat in Q3, with revenue up 36.6% and raised FY26 guidance to 40% growth at the midpoint. Despite stellar fundamentals and strong liquidity ($1.32B vs. $148M debt), ACMR shares fell 70% from highs amid sector-wide negative sentiment. Operating margins improved 440 bps year-over-year, offsetting slight gross margin softness due to faster growth in lower-margin segments.
ACM Research, Inc. ( ACMR ) Q3 2026 Earnings Call November 5, 2026 8:00 AM EST Company Participants David Wang - Founder, Chairman, CEO & President Mark McKechnie - CFO, Executive VP, Secretary & Treasurer Conference Call Participants Steven C. Pelayo - The Blueshirt Group, LLC Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division Bintuo Ni - Daiwa Securities Co. Ltd.
Benchmark ACMR against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for ACM Research, Inc. (ACMR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $44.61 | $2.86B | 32.56 | 15.24% | 10.44% | 6.22% | 0.25% | |
| $30.97 | $1.08B | -20.11 | 11.61% | 0.32% | 0.46% | — | |
| $41.13 | $1.84B | -10.28 | -2.08% | 1.09% | 3.53% | 0.01% | |
| $38.88 | $1.97B | -79.35 | -11.11% | 3.23% | 0.87% | — | |
| $97.05 | $4.53B | 93.32 | 15.57% | 7.4% | 5.82% | — | |
| $173.28 | $8.62B | 62.33 | 1.82% | 11.84% | 6.5% | — |
ACM Research, Inc. (ACMR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
ACM Research, Inc. (ACMR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 7, 2026·SEC
Jun 22, 2026·SEC
Jun 12, 2026·SEC
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ACM Research, Inc. (ACMR) stock FAQ — growth, dividends, profitability & financials explained
ACM Research, Inc. (ACMR) reported $1.04B in revenue over the trailing twelve months. Revenue was $901.3M in fiscal year 2025. That is 2788% more than the $31.2M of fiscal year 2015.
ACM Research, Inc. (ACMR) grew revenue by 15.2% in fiscal year 2025, compared with the prior fiscal year.
Yes. ACM Research, Inc. (ACMR) earned $150.2M in net income over the trailing twelve months (a 14.5% net margin).
Yes. ACM Research, Inc. (ACMR) pays a dividend that yields 0.25% at the current price, a small yield.
ACM Research, Inc. (ACMR) had a return on equity (ROE) of 6.2% in fiscal year 2025. That is below the market's typical 10-15%.
ACM Research, Inc. (ACMR) had negative free cash flow of $120.1M over the trailing twelve months.
