ACM Research Q4 revenue up 9.4%, beats estimates

ACM Research

26/02/2026 12:11

Overview

Semiconductor equipment supplier's Q4 revenue rose 9.4%, beating analyst expectations

Company delivered advanced semiconductor tools to global customers

Company sold 1.3% of ACM Shanghai shares for $111 mln

Outlook

ACM maintains 2026 revenue guidance of $1.08 bln to $1.175 bln

Company expects contributions from Tahoe, SPM cleaning, and furnace technologies

ACM accelerates investments in Oregon for global market expansion

Result Drivers

TOOL DELIVERIES - ACM delivered multiple advanced semiconductor tools, including its first panel electrochemical plating tool and Ultra Lith BK Photoresist Hardening Tool, to global customers

SOUTHEAST ASIA EXPANSION - ACM expanded its presence in Southeast Asia by delivering multiple single-wafer cleaning systems to a Singapore-based foundry

CASH POSITION - Sale of ACM Shanghai shares contributed to strong cash position, with $845 mln in net cash at year-end

Company press release: ID:nGNX2cmmVS

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$244.43 mln
$241.29 mln (6 Analysts)
Q4 EPS
$0.11
Q4 Net Income
$8.05 mln
Q4 Gross Margin
40.90%
Q4 Basic EPS
$0.12
Q4 Operating income
$23.04 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for ACM Research Inc is $42.50, about 37.9% below its February 25 closing price of $68.47

The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)