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ACM Research supplies wet processing equipment and cleaning technologies essential for advanced semiconductor wafer fabrication used in AI chips.

Snapshot
Country USA USA
ExchangeNasdaq
AI Layer chips
Category 2.50 Semiconductor Capital Equipment & EDA
Sentiment 48.5%
USD Mkt Cap5.01B
USD Revenue1.04B
USD Net Income150.23M
P/E33.96
fwd P/E24.89
Price 3M-22.2%
Price 6M+57.7%
Price 1Y+144.9%
Price 2Y+335.3%
USD Share Price73.13
Price History
Price & Size
Price 72.00 USD
Market Cap 5.01B USD
Shares Outstanding 64.66M
Shares Float 61.52M
52w Low 28.46 USD
52w High 127.19 USD
Avg Volume 1.22M
Valuation
P/E (trailing) 34.0x
P/E (forward) 24.9x
P/B 2.70x
Enterprise Value 4.47B USD
Book Value / Share 26.71 USD
P/S 4.83x
EV / Revenue 4.31x
EV / EBITDA 28.00x
Income
Revenue 1.04B USD
Revenue / Share 15.77 USD
EBITDA 159.62M USD
Net Income 150.23M USD
EPS (trailing) 2.12 USD
EPS (forward) 2.89 USD
Margins & Profitability
Gross Margin 43.8%
Operating Margin 17.0%
Profit Margin 14.5%
EBITDA Margin 15.4%
Return on Equity 11.6%
Return on Assets 3.2%
Growth
Revenue Growth 36.0%
Earnings Growth 180.6%
Cash & Debt
Total Cash 1.44B USD
Total Debt 349.32M USD
Free Cash Flow -186.61M USD
Operating Cash Flow -6.60M USD
Debt / Equity 0.15x
Current Ratio 3.66x
Quick Ratio 2.60x
Dividend
Payout Ratio 0.0%
Risk
Beta 1.95
Analyst Consensus
Target (Mean) 117.75 USD
Target (Median) 117.50 USD
Target (High) 166.00 USD
Target (Low) 75.00 USD
Recommendation none
# Analysts 8
Sentiment 48.5%
Positive drivers

ACM Research continued to benefit from broader semiconductor equipment demand tied to AI chip production ramps at major foundries. New product introductions in advanced cleaning tools received positive analyst coverage and initial customer interest. Modest revenue growth projections for 2026 were reiterated in recent filings.

Neutral / mixed

The company remains a small-cap player with limited analyst coverage, leading to muted trading volume and price action during the period. Macro uncertainty around U.S.-China trade policies continues to create mixed signals for equipment suppliers. No major earnings surprises or contract wins were reported in the 30-day window.

Negative drivers

Ongoing geopolitical tensions and potential export restrictions on advanced semiconductor equipment weighed on investor sentiment. ACMR's heavy exposure to Chinese customers amplified concerns about order delays and margin pressure. Stock underperformed broader AI-related indices amid sector rotation.

Bottom line

Overall sentiment for ACMR is slightly negative to neutral, reflecting structural risks in its end markets outweighing incremental positive industry tailwinds.