Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €75.00, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 42x in the Semiconductor industry in Germany. Total returns to shareholders of 705% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.32 per share. Buy Or Sell Opportunity • May 21
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €62.60. The fair value is estimated to be €50.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Annuncio • May 14
ACM Research, Inc. has filed a Follow-on Equity Offering in the amount of $149.99998 million. ACM Research, Inc. has filed a Follow-on Equity Offering in the amount of $149.99998 million.
Security Name: Class A common stock
Security Type: Common Stock
Securities Offered: 2,884,615
Price\Range: $52
Transaction Features: Registered Direct Offering Annuncio • May 09
ACM Research, Inc. Maintains Revenue Guidance for the Full Year 2026 ACM Research, Inc. maintained revenue guidance for the full year 2026. The company is maintaining its revenue guidance range of $1.08 billion to $1.175 billion for fiscal year 2026. This expectation is based on ACM management’s current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors. Annuncio • Apr 29
ACM Research, Inc., Annual General Meeting, Jun 10, 2026 ACM Research, Inc., Annual General Meeting, Jun 10, 2026. Location: virtualshareholdermeeting.com/acmr2026, United States Annuncio • Apr 16
ACM Research, Inc. to Report Q1, 2026 Results on May 07, 2026 ACM Research, Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026 Annuncio • Apr 03
ACM Research, Inc. Introduces ACM Planetary Family Product Portfolio Structure ACM Research, Inc. announced a new branding and organization of its product portfolio into a unified, process-based structure, referred to as the ACM Planetary Family. Under the ACM Planetary Family, ACM’s products are organized into eight distinct families aligned with core process steps across the semiconductor manufacturing flow, collectively referred to as the Eight Planets series. This structure clarifies ACM’s expanding product portfolio, supporting alignment with evolving customer requirements across front-end processing, advanced packaging and related applications. ACM Planetary Family Product Lineup: Earth Series – Cleaning tools, Jupiter Series – Wafer-level advanced packaging tools, Venus Series – Electroplating tools, Mars Series – Furnace tools, Mercury Series – Track tools, Saturn Series – Plasma-enhanced chemical vapor deposition (PECVD) tools, Uranus Series – Panel-level advanced packaging tools, Neptune Series – Stress-free polishing tools. Annuncio • Feb 10
ACM Research, Inc. to Report Q4, 2025 Results on Feb 26, 2026 ACM Research, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Annuncio • Nov 20
ACM Research, Inc. Delivers Advanced Ultra Lith BK Photoresist Hardening Tool with UV Curing and Temperature Uniformity ACM Research, Inc. announced the delivery of its first Ultra Lith Baker ("Ultra Lith BK") system to a leading global display panel manufacturer. The system is engineered to address industry-wide challenges in advanced lithography, including process non-uniformity, thermal drift, and critical dimension ("CD") variation. It can also help semiconductor manufacturers maintain stable yield and pattern fidelity as device geometries continue to shrink. With ultraviolet ("UV") curing uniformity and precision temperature control, the Ultra Lith BK enables highly stable and repeatable lithography processes. The Ultra Lith BK's UV curing system delivers +-5% UV intensity uniformity, ensuring consistent resist hardening across the wafer. The system supports line-scan, rotary, and hybrid UV-curing exposure modes to maximize process flexibility. Its advanced thermal management architecture further reduces CD variation, overlay error, and pattern distortion--all critical to yield improvement and long-term process reliability. The Ultra Lith BK integrates six cold plates delivering temperature uniformity of +-0.1degC. The system adopts a configurable design and can accommodate up to 32 hotplates and two UV curing systems, enabling customers to flexibly configure the tool according to different process recipes and photoresist integration requirements. Two types of hotplates are available: The high-flow hotplate achieves a maximum process temperature of 250degC with temperature uniformity 0.2%. The low-flow hotplate operates at temperatures up to 180degC with temperature uniformity 0.08%, offering benchmark-level performance in the industry. Annuncio • Nov 17
ACM Research, Inc. Delivers First Horizontal Panel Electroplating Tool Strengthening Its Leadership in Fan-Out Panel-Level Packaging ACM Research, Inc. announced it has delivered the first panel electrochemical plating tool, the Ultra ECP ap-p, to an panel fabrication customer. This achievement underscores ACM's advancement in panel-level electroplating technology and reflects growing market demand for scalable, cost-efficient advanced packaging solutions to meet next generation device requirements. The Ultra ECP ap-p is the first commercial panel-level copper deposition system for the large-panel market, supporting plating steps across pillar, bump, and redistribution layer (RDL) processes. The system achieves panel-processing performance - comparable to traditional round wafer processes, enabling manufacturers to meet demanding device requirements with greater efficiency. The system features ACM proprietary horizontal electroplating technology, and supports copper (Cu), nickel (Ni), tin-silver (SnAg) and a gold (Au) plating. The Cu plating chambers incorporate high-speed plating paddles specifically designed for tall pillar applications, capable of achieving pillar heights exceeding 300 microns. The Ultra ECP ap thep features a four-sided sealing dry contact chuck for improved reliability, in-cell rinse functionality to minimize chemical cross-contamination between different plating cells, and a horizontal electroplating design synchronizing a rotating square electrical field with the rotating chuck for superiorosition uniformity. Annuncio • Oct 17
ACM Research, Inc. to Report Q3, 2025 Results on Nov 05, 2025 ACM Research, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 05, 2025 Annuncio • Sep 19
ACM Research Unveils Ultra ECDP Electrochemical Deplating Tool for Compound Semiconductor Gold Etch Processes ACM Research, Inc. announced the launch of its first Ultra ECDP Electrochemical Deplating tool specifically designed for wide bandgap compound semiconductor manufacturing. The Ultra ECDP tool is engineered for electrochemical wafer-level gold (Au) etching performed outside of the wafer pattern area and delivers improved uniformity, smaller undercut and enhanced gold line appearance. The Ultra ECDP tool offers specialized processes including Au bump removal, thin film Au etching, and deep-hole Au deplating, supported by integrated pre-wet and cleaning chambers. It features precise chemistry circulation and advanced multi-anode electrochemical deplating technology, the system achieves minimized side etching, excellent surface finish, and superior uniformity across all features. The Ultra ECDP tool are engineered to address the evolving requirements of compound semiconductor manufacturing, accommodating the distinct physical characteristics--such as weight, stress, and thickness-- of diverse substrates, including silicon carbide (SiC), gallium arsenide (GaAs), lithium phosphate (Li3PO4) and etc. Featuring a modular design, the Ultra ECDP tool has the flexibility to integrate both plating and deplating processes within a single platform, and utilizes multi-anode technology for controlling deplating in different areas. The Ultra ECDP tool also offers horizontal full-face deplating to prevent cross contamination during processing. The Ultra ECDP Tool: The Ultra ECDP tool is compatible with 6-inch and 8-inch platforms and accommodates 150 millimeter (mm), 159mm and 200mm wafer sizes. The system is configurable with two open cassettes and one vacuum arm, providing adaptability for various manufacturing environments. Annuncio • Sep 08
ACM Research, Inc. Delivers High-Throughput Ultra Lith KrF Track System to A Leading Chinese Logic Wafer Fab Customer ACM Research, Inc. announced the launch of its first Ultra Lith KrF track system, designed to support front-end semiconductor manufacturing. The new system expands ACM's lithography product line and delivers high-throughput performance, advanced thermal control, and real-time process control and monitoring. The first system was shipped to a leading Chinese logic wafer fab customer in September 2025. ACM's Ultra Lith KrF track system builds on the proven architecture and process achievements of ACM's ArF track platform, which successfully completed demo-line process verification with a leading Chinese customer in late 2024. That system demonstrated sub-angstrom-level coating uniformity, advanced thermal control, and ASML scanner-aligned CD matching--capabilities that provided the foundation for design optimization in the KrF platform. ACM's Ultra LithKF track system features a flexible process module configuration, including 12 spin coaters and 12 developers (12C12D), supported by 54 hot plates capable of low, mid, and high-temperature processing with thermal uniformity. The system achieves throughput greater than 300 wafers per hour (WPH) and incorporates ACM's proprietary backside particle removal unit (BPRV) technology to minimize cross-contamination risk. In addition, the integrated wafer-scale outlier inspection (WSOI) unit enables real-time process variation detection and yield anomaly monitoring, enhancing process stability and production efficiency. Annuncio • Aug 07
ACM Research, Inc. Maintains Earnings Guidance for the Fiscal Year 2025 ACM Research, Inc. maintained earnings guidance for the fiscal year 2025. For the period, the company expects to maintain its revenue guidance range of $850 million to $950 million for fiscal year 2025. Annuncio • Jul 25
ACM Research, Inc. Announces Major Upgrades to its Ultra C Wb Wet Bench Cleaning Tool for Advanced Chip Manufacturing ACM Research, Inc. announced major upgrades to its Ultra C wb cleaning tool. These new enhancements are designed to meet the demanding technical requirements of advanced-node manufacturing processes. The upgraded Ultra C wb features a patent-pending nitrogen (N2) bubbling technology to solve poor wet etching uniformity and by-product regrowth. These issues frequently appear in conventional wet bench processes of phosphoric acid in high aspect ratio trenches and via structures in advanced-node processes. ACM's patent-pending N2 bubbling technique enhances the transport efficiency of phosphoric acid and promotes the uniformity of temperature, concentration and flow velocity in wet etching bath. The improved mass transfer efficiency of the wet etching process avoids by-product accumulation in wafer micro-structures to prevent growth. This technology holds significant application potential in the wet etching process for manufacturing 3D DRAM, 3D logic and 500+ layer 3D NAND devices. New Features and Benefits of the Upgraded Ultra C wb Tool: Enhanced Etching Uniformity: Compared to conventional batch processes for wet cleaning, the Ultra C wb platform is equipped with the N2 bubbling technique, improving within-wafer and wafer-to-wafer wet etching uniformity by more than 50%. Enhanced Particle Removal Performance: The Ultra C wb platform's advanced cleaning capabilities have been proven in organic residue removal of special phosphoric acid additives in advanced-node processes. Expanded Process Capabilities: The upgraded bench module is qualified for three layers of advanced-node processes, including: stack silicon nitride removal, channel hole polysilicon etch back and gate line tungsten recess. It is compatible with a variety of chemical solutions, such as phosphoric acid, H4 etchant (a mixed acid solution typically used for metal film etching), tetramethylammonium hydroxide (TMAH), standard clean 1 (SC1) and silicon-germanium (SiGe) etching solution, etc. Additional layers and applications are currently in development at the customer site. Proprietary Design: The nitrogen bubbling technology designs in the patent application generate large-size sizes with good uniformity, while the bubble density can be precisely controlled. The N2 bubbling core technology can be applied to ACM's Ultra C Tahoe (single-wafer and bench combined cleaning tool) platform, effectively addressing customers' future process requirements. Annuncio • Jul 18
ACM Research, Inc. to Report Q2, 2025 Results on Aug 06, 2025 ACM Research, Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Annuncio • May 01
ACM Research, Inc. Provides Preliminary Unaudited Earnings Guidance for the First Quarter and Re-Affirm Earnings Guidance for the Full Year 2025 ACM Research, Inc. provided preliminary unaudited earnings guidance for the first quarter and re-affirmed earnings guidance for the full year 2025. For the first quarter company expects preliminary unaudited revenue for the first quarter of 2025 is expected to be in the range of $165 million to $170 million, which would represent year-to-year growth of 8.4% to 11.7%.
For the full year company re-affirms revenue outlook in the range of $850 million to $950 million, which would represent year-to-year growth of 9% to 21%. Annuncio • Apr 30
ACM Research, Inc., Annual General Meeting, Jun 12, 2025 ACM Research, Inc., Annual General Meeting, Jun 12, 2025. Location: virtualshareholdermeeting.com/acmr2025, United States Annuncio • Apr 22
Chenming C. Hu Announces Not to Stand for Re-Election to the Board of ACM Research, Inc On April 18, 2025, Chenming C. Hu, a current member of the Board of Directors of ACM Research, Inc. provided the Board with notice of his intent not to stand for reelection to the Board at the 2025 Annual Meeting of Stockholders. Dr. Hu’s decision not to pursue reelection was not due to a disagreement with the Company, whether with respect to any matter relating to the Company’s operations, policies, or practices or otherwise. Dr. Hu will continue to serve as a director of the Company until the expiration of his term at the 2025 Annual Meeting of Stockholders. Annuncio • Apr 17
ACM Research, Inc. to Report Q1, 2025 Results on May 08, 2025 ACM Research, Inc. announced that they will report Q1, 2025 results Pre-Market on May 08, 2025 Annuncio • Mar 21
ACM Research, Inc. Appoints Charlie Pappis to its Board of Directors and Audit Committee The Board of Directors of ACM Research, Inc. has appointed Charles Pappis to serve as a member of the Board and its Audit Committee, effective March 15, 2025. With the addition of Mr. Pappis, ACM’s Board of Directors now comprises five members, further strengthening its leadership and expertise as the company executes its long-term growth strategy. Mr. Pappis, age 64, is a semiconductor industry veteran with more than 40 years of leadership experience in global operations, customer engagement, and business growth. He currently serves as President of Pappis Consulting, advising semiconductor equipment and supply chain companies. Previously, he spent more than 30 years at a major global U.S.-based semiconductor equipment company, where he held key executive level leadership roles. Mr. Pappis holds a Bachelor of Science in Materials Science from Worcester Polytechnic Institute and an Executive MBA from Stanford University. Annuncio • Mar 04
ACM Research, Inc. Announces Qualification of High-Temperature SPM Tool for Customer in China ACM Research, Inc. announced its Single-Wafer High-Temperature Sulfuric Peroxide Mixture (SPM) tool has been qualified by a key logic device manufacturer in mainland China. To date, ACM has delivered its SPM tools to thirteen customers. The system features ACM's proprietary nozzle design, which prevents acid mist splatter during the SPM process, improving particle performance, reducing chamber preventive maintenance cleaning frequency, and enhancing system uptime. It supports wet etching and wafer cleaning for both front- and back-end processes at 28-nanometer (nm) and below technology nodes. ACM's Single-Wafer Moderate/High-Temperature SPM tool is suitable for a variety of front- and back-end wet etching and cleaning processes, including low-to-medium temperature sulfuric acid cleaning at 90 degrees Celsius (degC), high-temperature sulfuric acid photoresist stripping at 170degC, and ultra-high temperature sulfuric acid metal lift-off at 190degC. As semiconductor process nodes advance, the demand for single-wafer high-temperature sulfuric Acid processing is increasing significantly. This trend brings increasingly stringent requirements for particle control, chamber environment management, and sulfuric acid temperature stability. In response to these challenges, ACM has introduced an innovative design for its Single-Wafer Moderate/high-temperature sulfuricic acid tool, positioning it as a ready-to-deploy solution to meet the evolving needs of the industry. ACM's proprietary technologies integrated into the tool include: A multi-level heating method that ensures the highest mixed temperature exceeds 230 and is steadily controlled. An SPM nozzle design that prevents high-temperature SPM from splashing outside the chamber; it achieves better particle control with an average particle count of fewer than 10 at 26nm. The Single-Wafer Moderate/High-Temperature SPM tool is equipped with an inline chemical mixing system and a configurable process chamber that accommodates various chemical solutions. It can also be seamlessly integrated with ACM's patented SAPS and TEBO megasonic technologies to enhance organic contaminant removal and improve wafer surface preparation. ACM's Single- Wafer Moderate/High- Temperature SPM tool is designed for various wet-etching processes and both single- and double-sided cleaning. It is compatible with a wide range of chemicals and cleaning processes. By effectively removing organic defects while minimizing film loss, it outperforms most post-cleaning and photoresist wet stripping processes. Supporting wafer sizes from 150mm to 300mm, the system features four load ports, a configurable setup of 8 to 12 chambers, a multifunctional chemical distribution system, and a self-cleaning chamber. Annuncio • Feb 07
ACM Research, Inc. to Report Q4, 2024 Results on Feb 26, 2025 ACM Research, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 26, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.49 (vs US$0.43 in 3Q 2023) Third quarter 2024 results: EPS: US$0.49 (up from US$0.43 in 3Q 2023). Revenue: US$204.0m (up 21% from 3Q 2023). Net income: US$30.9m (up 20% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Oct 18
ACM Research, Inc. to Report Q3, 2024 Results on Nov 07, 2024 ACM Research, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 07, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €18.39, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.10 per share. Buy Or Sell Opportunity • Sep 26
Now 23% overvalued Over the last 90 days, the stock has fallen 21% to €15.99. The fair value is estimated to be €12.96, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €14.11, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Semiconductor industry in Germany. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.84 per share. Annuncio • Sep 04
ACM Research Expands Fan-Out Panel-Level Packaging Portfolio with Launch of Ultra C bev-p Bevel Etching Tool ACM Research, Inc. announced the launch of its Ultra C bev-p panel bevel etching tool for fan-out panel-level packaging (FOPLP) applications. The new tool is specifically designed for bevel etching and cleaning in copper-related processes and is capable of handling both the front and back sides of panel bevel etching within a single system. This capability enhances process efficiency and product reliability. The Ultra C bev-p tool is a key enabler for FOPLP processes, utilizing a wet etching technique designed specifically for bevel etching and copper residue removal. This process is crucial for preventing electrical shorts, minimizing contamination risks, and maintaining the integrity of subsequent processing steps, ensuring the long-term reliability of devices. At the core of the tool’s effectiveness is ACM’s patented technology that addresses the unique challenges posed by square panel substrates. Unlike traditional round wafers, ACM’s innovative design ensures a precise bevel removal process that remains confined to the bevel region, even on warped panels. This advancement is vital for maintaining the integrity of the etching process and achieving the high performance and reliability required by advanced semiconductor technologies. Key Features: The Ultra C bev-p tool is designed specifically for panel substrates, offering compatibility with organic, glass, and bonding panels. It efficiently manages both the front and back sides of panels, accommodating sizes from 510 mm x 515 mm to 600 mm x 600 mm, with thicknesses ranging from 0.5 mm to 3 mm. The tool can handle warpages up to 10 mm, ensuring optimal processing conditions. Advanced Panel Handling: Equipped with a single robot for secure and precise panel handling and transfer. Efficient Copper Removal: Utilizes diluted sulfuric acid and peroxide (DSP) — a mixture of deionized (DI) water, sulfuric acid, and hydrogen peroxide — for effective copper removal. It also includes DI water for rinsing and N2 for final drying, ensuring a clean and dry surface. High Throughput: Capable of operating up to six processing chambers, the Ultra C bev-p achieves a throughput of 40 panels per hour (PPH), making it highly efficient for high-volume production. The system offers bevel control accuracy of ±0.2 mm and an exclusive control range of 0-20 mm. It is designed with a mean time between failures (MTBF) of 500 hours and an uptime of 95%, ensuring exceptional reliability, consistent performance, and operational efficiency. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$0.39 (vs US$0.45 in 2Q 2023) Second quarter 2024 results: EPS: US$0.39 (down from US$0.45 in 2Q 2023). Revenue: US$202.5m (up 40% from 2Q 2023). Net income: US$24.2m (down 9.7% from 2Q 2023). Profit margin: 12% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Aug 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (30% accrual ratio). Minor Risk Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.83, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €18.94, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total loss to shareholders of 23% over the past three years. Annuncio • Jul 18
ACM Research, Inc. to Report Q2, 2024 Results on Aug 07, 2024 ACM Research, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €21.83, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total loss to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €21.21, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 21% over the past three years. Reported Earnings • May 08
First quarter 2024 earnings released: EPS: US$0.28 (vs US$0.12 in 1Q 2023) First quarter 2024 results: EPS: US$0.28 (up from US$0.12 in 1Q 2023). Revenue: US$152.2m (up 105% from 1Q 2023). Net income: US$17.4m (up 144% from 1Q 2023). Profit margin: 12% (up from 9.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 28
ACM Research, Inc., Annual General Meeting, Jun 13, 2024 ACM Research, Inc., Annual General Meeting, Jun 13, 2024, at 07:00 Pacific Standard Time. Agenda: To consider election of five directors; to consider ratification of appointment of independent auditor for 2024; to consider advisory vote on 2023 executive compensation;and to consider other matters advisory vote on frequency of future advisory votes on executive compensation. Annuncio • Apr 19
ACM Research, Inc. to Report Q1, 2024 Results on May 08, 2024 ACM Research, Inc. announced that they will report Q1, 2024 results Pre-Market on May 08, 2024 Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €27.90, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to €28.90, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Semiconductor industry in Germany. Total returns to shareholders of 28% over the past three years. New Risk • Mar 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Annuncio • Feb 29
ACM Research, Inc. Provides Revenue Guidance for the Fiscal Year 2024 ACM Research, Inc. provided revenue guidance for the fiscal year 2024. for the year, the company expects revenue in the range of $650 million to $725 million. This expectation is based on ACM management’s current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$1.29 (vs US$0.66 in FY 2022) Full year 2023 results: EPS: US$1.29 (up from US$0.66 in FY 2022). Revenue: US$557.7m (up 43% from FY 2022). Net income: US$77.3m (up 97% from FY 2022). Profit margin: 14% (up from 10% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €18.28, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Semiconductor industry in Germany. Total loss to shareholders of 47% over the past three years. Annuncio • Feb 07
ACM Research, Inc. to Report Q4, 2023 Results on Feb 28, 2024 ACM Research, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €15.44, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total loss to shareholders of 42% over the past three years. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €19.02, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total loss to shareholders of 31% over the past three years. Annuncio • Nov 09
ACM Research, Inc. Updates Revenue Guidance for Fiscal Year 2023 ACM Research, Inc. has updated and narrowed its revenue guidance range for fiscal year 2023 to $520 million to $540 million from the previous guidance range of $515 million to $585 million. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: US$0.43 (vs US$0.35 in 3Q 2022) Third quarter 2023 results: EPS: US$0.43 (up from US$0.35 in 3Q 2022). Revenue: US$168.6m (up 26% from 3Q 2022). Net income: US$25.7m (up 22% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €13.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 37% over the past three years. Annuncio • Oct 20
ACM Research, Inc. to Report Q3, 2023 Results on Nov 07, 2023 ACM Research, Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €19.28, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 12% over the past three years. Annuncio • Sep 28
ACM Research, Inc. to Report Nine Months, 2023 Results on Oct 27, 2023 ACM Research, Inc. announced that they will report nine months, 2023 results on Oct 27, 2023 Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €14.34, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €14.02, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total loss to shareholders of 45% over the past three years. New Risk • Aug 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 39% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (39% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$0.45 (vs US$0.21 in 2Q 2022) Second quarter 2023 results: EPS: US$0.45 (up from US$0.21 in 2Q 2022). Revenue: US$144.6m (up 39% from 2Q 2022). Net income: US$26.8m (up 119% from 2Q 2022). Profit margin: 19% (up from 12% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annuncio • Jul 22
ACM Research, Inc. to Report Q2, 2023 Results on Aug 04, 2023 ACM Research, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 04, 2023 Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €13.38, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total loss to shareholders of 41% over the past three years. Reported Earnings • May 07
First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.098 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.12 (up from US$0.098 loss in 1Q 2022). Revenue: US$74.3m (up 76% from 1Q 2022). Net income: US$7.15m (up US$12.9m from 1Q 2022). Profit margin: 9.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annuncio • May 06
ACM Research, Inc. Maintains Revenue Guidance for the Fiscal Year 2023 ACM Research, Inc. maintaining revenue guidance for the fiscal year 2023. The company is maintaining its revenue guidance range of $515 million to $585 million for fiscal year 2023. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €11.75, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 65% over the past three years. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: US$0.66 (vs US$0.66 in FY 2021) Full year 2022 results: EPS: US$0.66 (up from US$0.66 in FY 2021). Revenue: US$388.8m (up 50% from FY 2021). Net income: US$39.3m (up 4.0% from FY 2021). Profit margin: 10% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €13.09, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 2.2% over the past three years. Annuncio • Jan 31
ACM Research, Inc. to Report Q4, 2022 Results on Feb 24, 2023 ACM Research, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 24, 2023 Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €11.60, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Semiconductor industry in Germany. Total returns to shareholders of 14% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 36% share price gain to €8.94, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total returns to shareholders of 22% over the past three years. Annuncio • Jan 04
ACM Research, Inc. Reaffirms Revenue Guidance for the Full Year 2022 and Provides Revenue Guidance for the Full Year 2023 ACM Research, Inc. reaffirmed revenue guidance for the full year 2022 and provides revenue guidance for the full year 2023. For the full year 2022, the company has reaffirmed its revenue outlook of $365 million to $385 million. For the full year 2023, the company expects revenue to be in the range of $515 million to $585 million. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 21% share price gain to €9.97, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Semiconductor industry in Germany. Total returns to shareholders of 79% over the past three years. Annuncio • Dec 13
ACM Research Expands into Chemical Vapor Deposition Market to Support Logic & Memory Manufacturing ACM Research, Inc. announced the introduction of its Ultra PmaxTM Plasma-Enhanced Chemical Vapor Deposition (PECVD) tool, marking ACM’s entry into another major new product category. ACM expects to ship its first PECVD evaluation tool to a China-based customer in the next few weeks. Annuncio • Nov 12
ACM Research, Inc. Adds Metal Lift Off Capability to Ultra C pr Tool to Support Power Semiconductor Manufacturing and Wafer Level Packaging Applications ACM Research, Inc. announced that it has expanded its Ultra C pr product offering to include metal lift-off (MLO) capabilities for power semiconductor manufacturing and wafer level packaging (WLP) applications. MLO can be used to save an etch process step, reducing cost, optimizing cycle times and sharply reducing chemical demand at high temperatures. The company also announced that the first MLO-capable Ultra C pr tool has been qualified and released to mass production at a power semiconductor manufacturer in China. ACM addresses the complexities of the MLO application by leveraging the Ultra C pr’s unique combination of wet bench and single wafer manufacturing technology to deliver the high throughput of a batch tool as well as the superior removal performance of a single-chamber tool. It also features a dual filter system ensure optimal cleanliness during manufacturing. In addition, ACM SAPS megasonic technology can be configured for MLO to enhance cleaning performance for patterned or structured wafers. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.17 in 3Q 2021) Third quarter 2022 results: EPS: US$0.35 (up from US$0.17 in 3Q 2021). Revenue: US$133.7m (up 100% from 3Q 2021). Net income: US$21.0m (up 107% from 3Q 2021). Profit margin: 16% (in line with 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Nov 05
ACM Research, Inc. Revises Revenue Guidance for Fiscal Year 2022 ACM Research, Inc. revised revenue guidance for fiscal year 2022. For fiscal year 2022, the Company now expects revenue to be in the range of $365 million to $385 million, versus the previous guidance range of $365 million to $405 million. The range of the Company’s 2022 outlook reflects, among other things, the impact from the new US trade policy, supply chain constraints, various spending scenarios for the production ramps of key customers, and the timing of acceptances for first tools under evaluation in the field, and assumes stability with respect to the COVID-19 pandemic in China. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorated over the past week After last week's 34% share price decline to €6.37, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Semiconductor industry in Germany. Total returns to shareholders of 68% over the past three years. Annuncio • Oct 28
Acm Research, Inc. Provides Preliminary Unaudited Revenue Guidance for the Third Quarter of 2022 ACM Research, Inc. provided preliminary unaudited revenue guidance for the third quarter of 2022. for the quarter, the company announced that preliminary unaudited revenue is expected to be in the range of $128 million to $133 million. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 33% share price decline to €9.04, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 132% over the past three years.