Chip gear maker ACM Research Q3 revenue beats expectations

ACM Research

05/11/2025 12:25

Overview

ACM Research Q3 revenue grows 32%, beating analyst expectations

Net income for Q3 rises to $35.9 mln, non-GAAP net income declines

ACM Shanghai raises $623 mln in capital to fund growth initiatives

Outlook

ACM narrows 2025 revenue guidance to $875 mln-$925 mln from $850 mln-$950 mln

Result Drivers

TECHNOLOGY DEMAND - Increased demand for ACM's proprietary technologies, including horizontal plating and high-temperature SPM platforms, driven by AI and global datacenter investments

CAPITAL RAISE - ACM Shanghai's $623 mln capital raise to accelerate development of next-gen tools and expand production capacity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$269.16 mln
$251.70 mln (7 Analysts)
Q3 EPS
$0.52
Q3 Net Income
$35.88 mln
Q3 Gross Margin
42%
Q3 Basic EPS
$0.56
Q3 Operating income
$28.92 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 $43.00, about 9.5% above its November 4 closing price of $38.90

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX6Wdw3K

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(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.)