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Nasdaq · Industrials

ACM Research, Inc. (ACMR)

As-reported financials and SEC filings for ACM Research, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ACM Research, Inc.

ACM Research, Inc. supplies advanced capital equipment for the global semiconductor industry, focusing on process steps critical to yield and performance as devices become smaller and more complex. The company develops and sells wet-cleaning, plating, furnace, PECVD, track, and advanced packaging equipment used by manufacturers of foundry, logic, and memory chips. Its products serve semiconductor fabricators primarily in Asia, supporting wafer fabrication and back-end packaging processes.

Snapshot

Revenue
$901.3M
Revenue growth (YoY)
15.2%
Net income
$94.1M
Diluted EPS
$1.37
Gross margin
44.4%
Operating margin
12.1%
Net margin
10.4%
FCF margin
-7.4%
ROE
4.9%
net income / fiscal-year-end equity
P/E
32.1×
trailing when available, otherwise FY EPS
Market cap
$4.74B
Long-term debt / equity
0.09×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at ACM Research

  • Revenue grew 15.2% to $901M in FY2025, slower than the 40.2% the year before.
  • Operating margin is 12.1% in FY2025, -2.8 pp against 14.9% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $293M, up 36.0% from Q2 FY2025.
  • Free cash flow was negative $67M in FY2025.
  • Net income fell 9.2% to $94M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where ACM Research’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin44.4%
82nd percentile of 455
Operating margin12.1%
71st percentile of 598
Net margin10.4%
75th percentile of 630
FCF margin-7.4%
14th percentile of 546
Revenue growth (YoY)+15.2%
75th percentile of 652
ROE4.9%
43rd percentile of 590
P/E32.1×
69th percentile of 406
Long-term debt / equity0.09×
15th percentile of 403
Short interest3.16d
48th percentile of 661

ACM Research’s FCF margin of -7.4% ranks in the 14th percentile of the 546 Industrials companies reporting it. ACM Research’s long-term debt to equity of 0.09 ranks in the 15th percentile of the 403 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 15 insider sales totaling $15.3M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
8
4 new, 4 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$236.2M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$80.8M636.8KAdded
AQR Capital ManagementquantQ2 2026$39.9M314.2KReduced
Renaissance TechnologiesquantQ2 2026$29.2M229.8KAdded
Two Sigma InvestmentsquantQ2 2026$27.0M212.5KAdded
Millennium ManagementquantQ2 2026$17.8M140.5KAdded
Southeastern Asset ManagementQ2 2026$17.7M139.5KReduced
Dodge & CoxQ2 2026$14.8M116.4KReduced
D. E. ShawquantQ2 2026$4.3M33.5KNew
Soros Fund ManagementQ2 2026$3.8M30.1KNew
Maverick CapitalQ2 2026$674,4205.3KNew
Gotham Asset ManagementQ2 2026$382,8273.0KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
15
$15.3M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-09
filed 2026-09-10
David H. WangSee RemarksSell33.5K$73.80$2.5M
2026-09-09
filed 2026-09-10
David H. WangSee RemarksSell18.9K$74.67$1.4M
2026-09-09
filed 2026-09-10
David H. WangSee RemarksSell11.7K$75.58$882K
2026-09-09
filed 2026-09-10
David H. WangSee RemarksSell4.8K$76.73$369K
2026-09-09
filed 2026-09-10
David H. WangSee RemarksSell1.1K$77.59$85K
2026-09-08
filed 2026-09-10
David H. WangSee RemarksSell51.4K$77.15$4.0M
2026-09-08
filed 2026-09-10
David H. WangSee RemarksSell12.3K$78.08$962K
2026-09-08
filed 2026-09-10
David H. WangSee RemarksSell4.8K$75.99$365K
2026-09-08
filed 2026-09-10
David H. WangSee RemarksSell1.5K$78.57$118K
2026-08-20
filed 2026-08-21
Mark McKechnieSee RemarksSell30.4K$77.45$2.4M
2026-08-20
filed 2026-08-21
Mark McKechnieSee RemarksSell13.6K$76.34$1.0M
2026-08-20
filed 2026-08-21
Mark McKechnieSee RemarksSell11.2K$77.89$873K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.1M
settled 2026-09-30
Change vs prior
-2.0%
vs previous settlement
Days to cover
3.16
at avg daily volume
Avg daily volume
1.3M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-304.1M-2.0%3.16
2026-09-154.1M+4.2%4.64
2026-08-314.0M+20.9%4.37
2026-08-143.3M-8.8%4.05
2026-07-313.6M-7.9%3.35
2026-07-153.9M+20.5%2.85
2026-06-303.2M+37.6%1.53
2026-06-152.4M-21.7%1.48

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$901.3M$782.1M$557.7M$388.8M$259.8M
Gross profit
Operating income$109.4M$151.0M$95.8M$59.0M$38.7M
Net income$94.1M$103.6M$77.3M$39.3M$37.8M
Diluted EPS$1.37$1.53$1.16$0.59$0.58

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-10.3M$152.4M$-75.3M$-62.2M$-40.1M
Capital expenditure$56.3M$82.5M$61.9M$91.1M$9.2M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$292.9M36.0%$89.0M$1.23
Q1 FY2026$231.3M34.2%$17.3M$0.24
Q4 FY20259.4%
Q3 FY2025$269.2M32.0%$35.9M$0.52
Q2 FY2025$215.4M6.4%$29.8M$0.44
Q1 FY2025$172.3M13.2%$20.4M$0.30
Q4 FY202431.2%
Q3 FY2024$204.0M21.0%$30.9M$0.45

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industrySpecial Industry Machinery, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2016
SEC CIK1680062

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-09-30
View on EDGAR →
8-K2026-08-27
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K2026-06-22
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.