ACM Research Q3 2025 Earnings Net Income Surges 20% Amid 32% Revenue Growth

ACM Research (ACMR), a leading wafer processing solutions provider, reported Q3 2025 results that exceeded expectations, with revenue rising 32% to $269.16 million, surpassing the $250.17 million consensus. The company narrowed its full-year revenue guidance to $875–$925 million, reflecting confidence in its strategic initiatives and market demand for its advanced wafer processing solutions.

Revenue

ACM Research's Q3 2025 revenue of $269.16 million was driven by robust performance across its product categories. Single-wafer cleaning, Tahoe, and semi-critical cleaning equipment accounted for $181.57 million, while ECP (front-end and packaging), furnace, and other technologies generated $59.85 million. Advanced packaging (excluding ECP), services, and spares contributed $27.74 million, rounding out the total revenue.

Earnings/Net Income

ACM Research's EPS rose 14.3% to $0.56 in 2025 Q3, with net income surging 20% to $46.40 million. The company's profitability strengthened, marking a record high for Q3 net income in nine years. ACM Research's earnings growth, marked by a 14.3% rise in EPS and 20% net income increase, underscores its strong operational performance and market positioning.

Post-Earnings Price Action Review

Following the earnings report, ACM Research's stock experienced mixed price action. The shares rose 1.10% on the day of the report but fell sharply in the subsequent week, plummeting 26.17%. Over the month-to-date period, the stock declined by 25.47%, reflecting investor concerns about profitability metrics despite strong revenue growth.

CEO Commentary

Dr. David Wang highlighted 32% revenue growth driven by AI and datacenter investments, emphasizing innovations like horizontal plating technology for panel-level packaging and a high-temperature SPM platform. The KrF Track platform’s first shipment expanded market reach, while ACM Shanghai’s $623M capital raise will accelerate next-gen tool development.

Guidance

ACM narrowed 2025 revenue guidance to $875M–$925M, citing trade policy impacts and supply chain constraints. Q3 revenue reached $269.2M (+32% YoY), with gross margin at 42.0% (GAAP) and 42.1% (non-GAAP). Cash reserves surged to $1.098B, with proceeds allocated to R&D and production capacity expansion.

Additional News

ACM Shanghai’s $623M capital raise, completed on the STAR Market, will fund next-gen tool development and production. The company also launched the KrF Track platform, expanding into critical lithography-adjacent applications, and completed its Lingang mini-line to boost global production capacity. These moves underscore ACM’s strategic focus on AI-driven semiconductor innovation and market expansion.