ACM Research 2025 Q3 Earnings Strong Growth as Net Income Surges 20%

ACM Research (ACMR) reported fiscal 2025 Q3 earnings on November 6, 2025, with revenue rising 32% year-over-year to $269.16 million, surpassing estimates. The company narrowed its 2025 revenue guidance to $875–$925 million, reflecting optimism about AI-driven demand and strategic investments.

Revenue

ACM Research’s Q3 revenue growth was driven by robust performance across its product segments. Single-wafer cleaning, Tahoe, and semi-critical cleaning equipment led with $181.57 million, underscoring strong demand for advanced wafer processing solutions. ECP (front-end and packaging), furnace, and other technologies contributed $59.85 million, while advanced packaging (excluding ECP), services, and spares added $27.74 million. The diversified revenue streams highlight the company’s expanding market reach in semiconductor manufacturing.

Earnings/Net Income

Net income surged 20% to $46.40 million in Q3 2025, with EPS rising 14.3% to $0.56, reflecting continued profitability. This marked a new 9-year high for Q3 net income, underscoring the company’s operational efficiency and market positioning.

Post-Earnings Price Action Review

The strategy of buying ACM Research shares following revenue announcements and holding for 30 days yielded an annualized return of ~37% over three years, though marked by a 25% maximum drawdown. This high-volatility approach aligns with semiconductor sector dynamics, where momentum-driven gains often come with sharp corrections. Investors adopting this strategy required disciplined risk management to navigate the sector’s inherent unpredictability.

CEO Commentary

Dr. David Wang, CEO of ACM Research, emphasized the company’s innovation-driven growth, noting, “AI and datacenter investments are accelerating demand for next-generation semiconductor tools.” He highlighted advancements in proprietary technologies, such as high-temperature SPM platforms and horizontal plating for panel-level packaging, as key differentiators. Wang also underscored the $623 million capital raise by ACM Shanghai, which will fund Lingang mini-line expansion and R&D for next-gen tools.

Guidance

ACM Research narrowed its 2025 revenue guidance to $875–$925 million, maintaining a 15% midpoint growth target. The company reiterated long-term ambitions to exceed $4 billion in revenue, with gross margin targets of 42–48%.

Additional News

Recent developments include ACM Shanghai’s $623 million capital raise to accelerate production and R&D, and insider sales totaling $7.55 million by executives like David H. Wang and Tracy Liu. Institutional investors, including the Teacher Retirement System of Texas, increased stakes, while others like Pinpoint Asset Management Ltd. and Allspring Global Investments expanded holdings. Analysts from Roth Capital and Weiss Ratings upgraded the stock to “Buy,” citing growth potential in AI-driven semiconductor demand.

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