Semiconductor equipment firm ACM Research's Q2 revenue misses estimates

ACM Research

06/08/2025 10:11

Overview

ACM Research Q2 revenue rises 6.4% yr/yr but misses analyst expectations

Company maintains FY 2025 revenue guidance of $850 mln to $950 mln

Gross margin for Q2 exceeds long-term target range, reaching 48.5%

Outlook

ACM maintains 2025 revenue guidance of $850 mln to $950 mln

Company considers trade policy, customer spending in guidance

ACM expects continued growth in China and global markets

Company notes supply chain constraints affecting guidance

Planned tool deliveries to the U.S. in Q3 as part of global expansion efforts

Result Drivers

PRODUCT PORTFOLIO - Growth driven by single wafer cleaning, Tahoe, and semi-critical cleaning equipment, along with ECP, furnace, and advanced packaging technologies

TECHNOLOGY UPGRADES - Repeat orders for upgraded Ultra C wb Wet Bench cleaning tool with nitrogen bubbling technology, enhancing etching rate uniformity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$215.37 mln
$223.40 mln (7 Analysts)
Q2 EPS
$0.44
Q2 Net Income
$29.76 mln
Q2 Gross Margin
48.5%
Q2 Basic EPS
$0.47
Q2 Operating income
$31.69 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 $35.85, about 17.3% above its August 5 closing price of $29.65

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNXYwtJJ

(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.)