(ACMR) Acm Research - Overview

Sector: Technology | Industry: Semiconductor Equipment & Materials | Exchange: NASDAQ (USA) | Market Cap: 4.810m USD | Total Return: 214.9% in 12m

Wet Cleaning Equipment, Plating Systems, Thermal Furnaces, Deposition Tools
Total Rating 54
Safety 88
Buy Signal 0.37
Semiconductor Equipment & Materials
Industry Rotation: -5.8
Market Cap: 4.81B
Avg Turnover: 79.0M
Risk 3d forecast
Volatility74.1%
VaR 5th Pctl11.8%
VaR vs Median-3.09%
Reward TTM
Sharpe Ratio1.97
Rel. Str. IBD96.1
Rel. Str. Peer Group50
Character TTM
Beta2.410
Beta Downside1.766
Hurst Exponent0.530
Drawdowns 3y
Max DD58.42%
CAGR/Max DD1.56
CAGR/Mean DD3.96
EPS (Earnings per Share) EPS (Earnings per Share) of ACMR over the last years for every Quarter: "2021-03": 0.12, "2021-06": 0.06, "2021-09": 0.19, "2021-12": 0.27, "2022-03": -0.01, "2022-06": 0.22, "2022-09": 0.45, "2022-12": 0.19, "2023-03": 0.15, "2023-06": 0.48, "2023-09": 0.57, "2023-12": 0.43, "2024-03": 0.52, "2024-06": 0.55, "2024-09": 0.63, "2024-12": 0.56, "2025-03": 0.46, "2025-06": 0.44, "2025-09": 0.36, "2025-12": 0.25, "2026-03": 0.34,
EPS CAGR: 4.24%
EPS Trend: 18.2%
Last SUE: -0.29
Qual. Beats: 0
Revenue Revenue of ACMR over the last years for every Quarter: 2021-03: 43.732, 2021-06: 53.864, 2021-09: 67.013, 2021-12: 95.142, 2022-03: 42.186, 2022-06: 104.395, 2022-09: 133.709, 2022-12: 108.542, 2023-03: 74.256, 2023-06: 144.577, 2023-09: 168.569, 2023-12: 170.321, 2024-03: 152.191, 2024-06: 202.48, 2024-09: 203.976, 2024-12: 223.471, 2025-03: 172.347, 2025-06: 215.372, 2025-09: 269.16, 2025-12: 244.43, 2026-03: 231.263,
Rev. CAGR: 29.33%
Rev. Trend: 97.3%
Last SUE: 1.10
Qual. Beats: 1

Warnings

Choppy

Tailwinds

Leader, Tailwind

Description: ACMR Acm Research

ACM Research, Inc. (ACMR) specializes in the development and manufacture of high-performance capital equipment for the semiconductor industry, with a primary focus on wet cleaning and advanced wafer-level packaging tools. The company utilizes proprietary technologies, such as Space Alternated Phase Shift (SAPS) and Timely Energized Bubble Oscillation (TEBO), to address contamination challenges at advanced process nodes. Its product portfolio extends to electrochemical plating (ECP), furnaces, and plasma-enhanced chemical vapor deposition (PECVD) systems.

The semiconductor equipment sector is characterized by high research and development costs and cyclical demand driven by global chip manufacturing capacity. ACM Research operates a business model focused on the front-end of production, where cleaning equipment is critical because even microscopic particles can cause catastrophic yield loss in modern 300mm wafer fabrication. The company maintains a significant operational footprint in Mainland China while serving international assembly and packaging customers.

Investors may find additional data points on ValueRay useful for evaluating this companys market position. ACM Research markets its systems under several trademarks, including Ultra C and Ultra ECP, through a combination of a direct sales force and third-party representatives.

Headlines to Watch Out For
  • Expansion of wafer cleaning equipment market share in mainland China
  • Geopolitical trade restrictions impacting semiconductor tool exports to Chinese foundries
  • Product portfolio diversification into furnace and PECVD market segments
  • High customer concentration among top-tier Chinese memory and logic manufacturers
  • Adoption of advanced packaging tools for high-performance computing applications
Piotroski VR-10 (Strict) 4.5
Net Income: 91.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.04 > 0.02 and ΔFCF/TA -8.21 > 1.0
NWC/Revenue: 195.1% < 20% (prev 114.5%; Δ 80.58% < -1%)
CFO/TA -0.01 > 3% & CFO -45.1m > Net Income 91.0m
Net Debt (-941.1m) to EBITDA (168.4m): -5.59 < 3
Current Ratio: 3.51 > 1.5 & < 3
Outstanding Shares: last quarter (69.8m) vs 12m ago 4.21% < -2%
Gross Margin: 44.23% > 18% (prev 0.49%; Δ 4.37k% > 0.5%)
Asset Turnover: 38.41% > 50% (prev 41.49%; Δ -3.08% > 0%)
Interest Coverage Ratio: 20.41 > 6 (EBITDA TTM 168.4m / Interest Expense TTM 7.33m)
Altman Z'' 5.22
A: 0.61 (Total Current Assets 2.62b - Total Current Liabilities 745.7m) / Total Assets 3.07b
B: 0.12 (Retained Earnings 367.7m / Total Assets 3.07b)
C: 0.06 (EBIT TTM 149.6m / Avg Total Assets 2.50b)
D: 0.39 (Book Value of Equity 386.7m / Total Liabilities 982.4m)
Altman-Z'' = 5.22 = AAA
Beneish M -2.78
DSRI: 1.15 (Receivables 581.0m/422.9m, Revenue 960.2m/802.3m)
GMI: 1.11 (GM 44.23% / 49.23%)
AQI: 0.73 (AQ_t 0.03 / AQ_t-1 0.05)
SGI: 1.20 (Revenue 960.2m / 802.3m)
TATA: 0.04 (NI 91.0m - CFO -45.1m) / TA 3.07b)
Beneish M = -2.78 (Cap -4..+1) = A
What is the price of ACMR shares?

As of May 25, 2026, the stock is trading at USD 73.35 with a total of 1,812,890 shares traded.
Over the past week, the price has changed by +15.20%, over one month by +30.75%, over three months by +8.25% and over the past year by +214.94%.

Is ACMR a buy, sell or hold?

Acm Research has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy ACMR.

  • StrongBuy: 4
  • Buy: 4
  • Hold: 1
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the ACMR price?
Analysts Target Price 74 0.8%
Acm Research (ACMR) - Fundamental Data Overview as of 21 May 2026
Market Cap USD = 4.81b (4.81b USD * 1.0 USD.USD)
P/E Trailing = 53.126
P/E Forward = 41.3223
P/S = 5.0165
P/B = 2.9038
Revenue TTM = 960.2m USD
EBIT TTM = 149.6m USD
EBITDA TTM = 168.4m USD
Long Term Debt = 220.9m USD (from longTermDebt, last quarter)
Short Term Debt = 112.1m USD (from shortTermDebt, last quarter)
Debt = 346.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 8.92m
Net Debt = -941.1m USD (calculated: Debt 346.0m - CCE 1.29b)
Enterprise Value = 3.87b USD (4.81b + Debt 346.0m - CCE 1.29b)
Interest Coverage Ratio = 20.41 (Ebit TTM 149.6m / Interest Expense TTM 7.33m)
EV/FCF = -35.67x (Enterprise Value 3.87b / FCF TTM -108.5m)
FCF Yield = -2.80% (FCF TTM -108.5m / Enterprise Value 3.87b)
FCF Margin = -11.30% (FCF TTM -108.5m / Revenue TTM 960.2m)
Net Margin = 9.48% (Net Income TTM 91.0m / Revenue TTM 960.2m)
Gross Margin = 44.23% ((Revenue TTM 960.2m - Cost of Revenue TTM 535.5m) / Revenue TTM)
Gross Margin QoQ = 46.37% (prev 40.87%)
Tobins Q-Ratio = 1.26 (Enterprise Value 3.87b / Total Assets 3.07b)
Interest Expense / Debt = 2.12% (Interest Expense 7.33m / Debt 346.0m)
Taxrate = 12.57% (3.77m / 30.0m)
NOPAT = 130.8m (EBIT 149.6m * (1 - 12.57%))
Current Ratio = 3.51 (Total Current Assets 2.62b / Total Current Liabilities 745.7m)
Debt / Equity = 0.22 (Debt 346.0m / totalStockholderEquity, last quarter 1.58b)
Debt / EBITDA = -5.59 (Net Debt -941.1m / EBITDA 168.4m)
 Debt / FCF = 8.68 (negative FCF - burning cash) (Net Debt -941.1m / FCF TTM -108.5m)
 Total Stockholder Equity = 1.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.64% (Net Income 91.0m / Total Assets 3.07b)
RoE = 6.66% (Net Income TTM 91.0m / Total Stockholder Equity 1.37b)
RoCE = 9.43% (EBIT 149.6m / Capital Employed (Equity 1.37b + L.T.Debt 220.9m))
RoIC = 8.01% (NOPAT 130.8m / Invested Capital 1.63b)
WACC = 13.61% (E(4.81b)/V(5.16b) * Re(14.46%) + D(346.0m)/V(5.16b) * Rd(2.12%) * (1-Tc(0.13)))
Discount Rate = 14.46% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 82.22 | Cagr: 2.56%
 [DCF] Fair Price = unknown (Cash Flow -108.5m)
 EPS Correlation: 18.17 | EPS CAGR: 4.24% | SUE: -0.29 | # QB: 0
Revenue Correlation: 97.31 | Revenue CAGR: 29.33% | SUE: 1.10 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.34 | Chg30d=-3.80% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.47 | Chg30d=-20.23% | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=1.68 | Chg30d=-6.16% | Revisions=+20% | GrowthEPS=+4.1% | GrowthRev=+27.5%
EPS next Year (2027-12-31): EPS=2.25 | Chg30d=-1.17% | Revisions=+20% | GrowthEPS=+34.4% | GrowthRev=+22.7%
[Analyst] Revisions Ratio: +20%