ACM Research (ACMR) Stock Overview
Develops, manufactures, and sells capital equipment in Mainland China and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
ACMR Community Fair Values
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Analyst Price Targets
ACM Research, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$72.39 |
| 52 Week High | US$127.19 |
| 52 Week Low | US$28.46 |
| Beta | 1.95 |
| 1 Month Change | -9.42% |
| 3 Month Change | -22.95% |
| 1 Year Change | 140.50% |
| 3 Year Change | 332.44% |
| 5 Year Change | 113.52% |
| Change since IPO | 3,489.59% |
Recent News & Updates
Narrative Update • Sep 03
ACMR: China Memory Upside And Index Shift Will Shape Future Repricing
Analysts have raised the ACM Research fair value estimate from $70 to $75, citing higher Street price targets supported by updated views on China memory demand, advanced packaging exposure, and new tool adoption. Analyst Commentary Recent Street research on ACM Research shows a mix of optimism around growth opportunities and caution around execution and valuation risk.
Narrative Update • Aug 17
ACMR: China Memory Upside And Backend Expansion Will Drive 2026 Rerating
Analysts raised the fair value estimate for ACM Research to $115.14 from $102.14, citing updated models that assume a future P/E of 42.9x and slightly firmer profit margins, alongside a more moderate revenue growth outlook and a marginally higher discount rate. Analyst Commentary Recent Street research on ACM Research shows a clear tilt toward optimism, with several bullish analysts lifting their price targets and updating models after management guidance and recent conference commentary.Recent updates
Narrative Update • Sep 03
ACMR: China Memory Upside And Index Shift Will Shape Future Repricing
Analysts have raised the ACM Research fair value estimate from $70 to $75, citing higher Street price targets supported by updated views on China memory demand, advanced packaging exposure, and new tool adoption. Analyst Commentary Recent Street research on ACM Research shows a mix of optimism around growth opportunities and caution around execution and valuation risk.Narrative Update • Aug 17
ACMR: China Memory Upside And Backend Expansion Will Drive 2026 Rerating
Analysts raised the fair value estimate for ACM Research to $115.14 from $102.14, citing updated models that assume a future P/E of 42.9x and slightly firmer profit margins, alongside a more moderate revenue growth outlook and a marginally higher discount rate. Analyst Commentary Recent Street research on ACM Research shows a clear tilt toward optimism, with several bullish analysts lifting their price targets and updating models after management guidance and recent conference commentary.
Narrative Update • Aug 03
ACMR: China Memory Upside And Advanced Packaging Adoption Could Drive Repricing
Analysts have lifted their fair value estimate for ACM Research from $62.70 to $164.00, citing higher assumed revenue growth, stronger profit margins, and a richer forward P/E multiple in line with recent price target increases on the stock. Analyst Commentary Recent research on ACM Research points to a cluster of upbeat views that center on the company’s exposure to China semiconductor spending, adoption of its tools in advanced packaging, and potential expansion beyond its core markets.Narrative Update • Jul 20
ACMR: China Memory Dependence Will Drive Future Repricing Risk
ACM Research's fair value estimate has been raised from $36.00 to $70.00 as analysts factor in higher assumed revenue growth, a richer future P/E multiple, and supportive Street research citing China memory exposure, advanced packaging adoption, and broader tool demand. Analyst Commentary Recent Street research on ACM Research highlights a generally constructive view on the company, with several firms lifting their price targets and pointing to exposure to China memory, advanced packaging and a broader tool portfolio.Narrative Update • Jul 06
ACMR: China Memory Exposure And Backend Expansion Will Shape Balanced 2026 Outcome
Analysts have lifted the ACM Research fair value estimate from $88.63 to $102.14. This reflects recent price target increases that highlight potential contributions from China memory exposure, ECP adoption in advanced packaging, and additional backend opportunities outside mainland China.Narrative Update • Jun 22
ACMR: Reliance On China Tool Demand Will Restrain 2026 Upside Potential
ACM Research's analyst fair value estimate has been nudged higher to $88.63 from $85.06, following recent price target increases that reference continued China tool demand, expectations for broader customer diversification, and potential contribution from emerging front end and back end products. Analyst Commentary Recent research on ACM Research points to a generally constructive stance from bullish analysts, with higher price targets linked to expectations around tool demand, product breadth, and customer mix.Seeking Alpha • Jun 17
ACM Research: Advanced Packaging Just Getting Started, Keep Holding Your Gains
Summary ACM Research, Inc. delivered strong Q1 results, with 34% y/y revenue growth and significant outperformance in ECP and Furnace segments. Gross margins rebounded sequentially to 46.4%, despite a mix shift toward lower-margin ECP tools; profitability remains solid with a robust balance sheet. Advanced Packaging and ECP are key growth drivers, leveraging AI chip demand and new panel-level ECP tools, positioning ACMR for continued outperformance. I am holding ACMR for the long term, given its AI exposure and growth prospects, but not adding to my position after a 300% rally. Read the full article on Seeking AlphaNarrative Update • Jun 05
ACMR: Semiconductor Demand And Hong Kong Listing Plans Will Shape Balanced 2026 Outlook
Analysts have lifted their price target on ACM Research from $70.50 to $85.06, citing higher assumed revenue growth, a richer future P/E multiple, and support from Street research pointing to strong semiconductor demand and potential for increased tool shipments. Analyst Commentary Street research on ACM Research has leaned positive, with recent commentary focusing on how sector demand and potential tool shipment trends could influence what investors are willing to pay for the stock.Analysis Article • May 15
We Think That There Are More Issues For ACM Research (NASDAQ:ACMR) Than Just Sluggish Earnings
The market rallied behind ACM Research, Inc.'s ( NASDAQ:ACMR ) stock, leading do a rise in the share price after its...Narrative Update • Apr 22
ACMR: Backlog Visibility And China Memory Demand Will Support 2026 Outlook
Analysts have raised ACM Research's price target to $70 from $40 and to $68 from $58, citing strong backlog visibility, sustained demand in China and new customer growth in additional regions as key factors supporting the higher valuations. Analyst Commentary Recent research on ACM Research clusters around higher price targets, with analysts focusing on the company’s order backlog, demand trends in China and contributions from newer regions as key pieces of the valuation story.
New Narrative • Apr 19
ACM Research Could Reach $61–$91 Over the Next Five Years
ACM Research (ACMR) has a credible path to $61–$91 over the next five years because it is a specialized supplier of advanced wet‑clean and electroplating equipment used in semiconductor manufacturing, particularly in China and expanding nodes. Its tools support critical cleaning and plating steps needed for increasingly complex chips, which gives it structural exposure to long‑term fabrication‑capex growth.Narrative Update • Apr 08
ACMR: Backlog And China Memory Demand Will Support 2026 Outlook
Analysts increased their ACM Research price targets by $10 and $30 in recent updates, citing strong order backlog, expansion in China’s memory and advanced-node markets, and contributions from new customers across more regions as key supports for their higher views. Analyst Commentary Recent research updates on ACM Research point to a generally constructive stance from Wall Street, with higher price targets and a focus on how the company executes against its backlog and demand outlook in China and new regions.Narrative Update • Mar 24
ACMR: Backlog Visibility Into 2026 Revenue Will Support Future Returns
ACM Research's analyst price target has shifted modestly to $70.50. Analysts point to strong backlog visibility, accelerating China memory and advanced node expansion, and contributions from new customers in new geographies as key supports for their updated view.Narrative Update • Mar 09
ACMR: Backlog Visibility And New Customer Wins Will Support Future Returns
Analysts lifted their fair value estimate for ACM Research to $70.50 from $51.87, citing higher long-term revenue growth and profit margin assumptions, as well as recent Street price target increases that reflect confidence in the company’s backlog and new customer contributions. Analyst Commentary Recent Street research on ACM Research has centered on how the order book, customer mix, and margin outlook feed into valuation.Narrative Update • Feb 23
ACMR: Execution Risks And Rich P/E Multiple Are Expected To Restrain Returns
Analysts have raised their price target on ACM Research by about $3 to roughly $52, citing updated assumptions around fair value, revenue growth, profit margins, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research around ACM Research price targets shows a mix of optimism and caution, with changes clustered within a relatively tight band and grounded in revised assumptions on earnings power, growth trajectories, and perceived risk.Narrative Update • Feb 08
ACMR: AI Execution And Margin Pressures Are Expected To Restrain Future Returns
Analysts have trimmed their price target on ACM Research by a modest amount, reflecting slightly lower assumed discount rates and P/E multiples while keeping fair value and core growth and margin assumptions essentially unchanged. Analyst Commentary Recent research on ACM Research points to a mixed but useful playbook for how analysts are thinking about valuation, execution, and growth risk, especially when you compare it with how peers in adjacent sectors are being treated.New Narrative • Feb 03
AI Driven Wafer Equipment Demand Will Support A Positive Long Term Outlook
Catalysts About ACM Research ACM Research supplies semiconductor manufacturing equipment focused on wafer cleaning, electroplating, furnace, Track and related process tools for front end and advanced packaging applications. What are the underlying business or industry changes driving this perspective?Narrative Update • Jan 25
ACMR: Margin Headwinds And Demand Ramp Are Expected To Shape Returns
Analysts have adjusted their view on ACM Research, with the price target moving from US$41.64 to US$48.67 as they factor in updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E, following recent research that points to temporary margin headwinds alongside a continued demand ramp. Analyst Commentary Recent research on ACM Research points to a mixed but constructive view, with analysts updating their models around margins, demand trends, and the appropriate P/E to apply to the stock.Narrative Update • Jan 10
ACMR: Margin Headwinds And Tool Acceptance Timing Will Likely Constrain Upside
Analysts now estimate fair value for ACM Research at approximately $41.64, up from $40.81. This reflects updated assumptions on the discount rate, profit margin, and future P/E following recent research that highlighted temporary margin pressure alongside a recovering demand backdrop.Analysis Article • Jan 08
Why Investors Shouldn't Be Surprised By ACM Research, Inc.'s (NASDAQ:ACMR) 30% Share Price Surge
ACM Research, Inc. ( NASDAQ:ACMR ) shareholders would be excited to see that the share price has had a great month...Analysis Article • Jan 02
Should You Be Adding ACM Research (NASDAQ:ACMR) To Your Watchlist Today?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Dec 26
ACMR: China Tools And New Platforms Will Drive Future Demand Amid Margin Headwinds
Analysts have lowered their price target on ACM Research to $40 from $50, citing a combination of near term margin headwinds and reduced estimates following recent results, while maintaining confidence in the company’s sustained demand ramp and mid to high teens revenue growth outlook. Analyst Commentary Recent Street research on ACM Research reflects a more balanced stance, with valuation reset lower but the long term growth and execution story largely intact.Narrative Update • Dec 12
ACMR: China Tools And New Platforms Will Drive Resilient Yet Measured Outlook
Analysts have trimmed their price target on ACM Research to $40 from $50 as they balance confidence in a Q3 demand recovery and mid to high teens revenue growth with caution around near term margin headwinds and modestly lower estimates. Analyst Commentary Street research on ACM Research reflects a generally constructive view on the companys growth and execution, tempered by a more conservative stance on near term profitability and risk.Narrative Update • Nov 27
ACMR: Demand Momentum From China Semiconductor Sector Will Drive Long-Term Resilience
Analysts have reduced their price target for ACM Research to $40 from $50, citing temporary margin headwinds following the company's latest quarterly report. Analyst Commentary Following the company's latest results, analyst sentiment reflects both confidence in ACM Research's growth prospects and caution around near-term challenges.Analysis Article • Nov 24
It's Down 28% But ACM Research, Inc. (NASDAQ:ACMR) Could Be Riskier Than It Looks
The ACM Research, Inc. ( NASDAQ:ACMR ) share price has softened a substantial 28% over the previous 30 days, handing...Analysis Article • Nov 13
ACM Research's (NASDAQ:ACMR) Solid Earnings May Rest On Weak Foundations
The stock price didn't jump after ACM Research, Inc. ( NASDAQ:ACMR ) posted decent earnings last week. We think that...Narrative Update • Nov 07
ACMR: Strong China Semiconductor Demand Will Support Future Recovery Momentum
Analysts have reduced their price target for ACM Research from $42.04 to $40.81 per share, citing near-term margin pressures and a slightly more cautious outlook on revenue growth. They note continued demand momentum in the company's core markets.Narrative Update • Oct 23
Analysts Boost ACM Research Price Target Amid Positive Backlog and China Semiconductor Momentum
The analyst price target for ACM Research has increased by $10 to $50, with analysts citing a strong annual backlog update and continued momentum in China’s semiconductor manufacturing demand as key drivers for their positive outlook. Analyst Commentary Recent analyst activity surrounding ACM Research reflects a generally positive sentiment, with a notable upward revision in price targets.Narrative Update • Oct 09
Digitalization And AI Will Transform Semiconductor Manufacturing
ACM Research's analyst price target has been increased from $36.08 to $40.89. Analysts cite stronger backlog growth, increased confidence in sustained revenue momentum, and improving fundamentals as drivers for their higher valuation outlook.Narrative Update • Sep 25
Digitalization And AI Will Transform Semiconductor Manufacturing
The consensus analyst price target for ACM Research has increased modestly, mainly reflecting stable valuation metrics, with the target rising from $35.36 to $36.08. What's in the News ACM Research launched its first Ultra ECDP Electrochemical Deplating tool for wide bandgap compound semiconductor manufacturing, supporting advanced wafer-level gold etching and compatible with a range of substrate types and wafer sizes.Analysis Article • Sep 19
The Market Lifts ACM Research, Inc. (NASDAQ:ACMR) Shares 44% But It Can Do More
ACM Research, Inc. ( NASDAQ:ACMR ) shareholders have had their patience rewarded with a 44% share price jump in the...Seeking Alpha • Feb 17
ACM Research: A Clean Way To Invest In China's WFE Localization
Summary ACM Research’s updated FY 2024 outlook and FY 2025 revenue guidance are signs that it is benefitting from the ongoing localization in China’s semiconductor industry. I expect ACM Research to exceed its FY 2025 revenue guidance due to Huawei’s new AI chip and ByteDance’s AI CapEx outlook. ACM Research presents an opportunity to invest in the growth of China’s semiconductor industry without carrying the risk of owning Chinese stocks. I’m upgrading ACM Research to strong buy and raising my price target to $213 per share by 2028, representing 796% upside from its current valuation. Read the full article on Seeking AlphaSeeking Alpha • Feb 03
ACM Research: A WFE National Champion
Summary ACM Research is a high-growth semiconductor wafer fabrication equipment company benefiting from China's push for domestic semiconductor manufacturing self-sufficiency. ACMR's strategic importance and growth prospects in China remain strong, with potential to become a global WFE competitor. ACMR's valuation is significantly discounted compared to its peers, presenting a multi-bagger opportunity as it gains market share within China and expands its product portfolio. Read the full article on Seeking AlphaSeeking Alpha • Jan 05
ACM Research: Carving Out Their Niche
Summary ACM Research supplies advanced semiconductor equipment to improve product yield, including cleaning equipment, ECP, furnaces, and advanced packaging equipment. The company boasts deep technological expertise, with 498 patents as of 2023. ACM Research has strategically located state-of-the-art production facilities in multiple countries. The investment thesis highlights ACM Research's innovative capital equipment and global presence as key strengths. Read the full article on Seeking AlphaShareholder Returns
| ACMR | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 4.3% | -0.5% | -2.2% |
| 1Y | 140.5% | 50.1% | 13.1% |
Return vs Industry: ACMR exceeded the US Semiconductor industry which returned 50.1% over the past year.
Return vs Market: ACMR exceeded the US Market which returned 13.1% over the past year.
Price Volatility
| ACMR volatility | |
|---|---|
| ACMR Average Weekly Movement | 15.0% |
| Semiconductor Industry Average Movement | 11.7% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: ACMR's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: ACMR's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 2,513 | David Wang | www.acmr.com |
ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms; Space Alternated Phase Shift, technology for flat and wafer surfaces; timely energized bubble oscillation, technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools.
ACM Research, Inc. Fundamentals Summary
| ACMR fundamental statistics | |
|---|---|
| Market cap | US$5.14b |
| Earnings (TTM) | US$150.23m |
| Revenue (TTM) | US$1.04b |
33.6x
P/E Ratio4.9x
P/S RatioIs ACMR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ACMR income statement (TTM) | |
|---|---|
| Revenue | US$1.04b |
| Cost of Revenue | US$582.86m |
| Gross Profit | US$454.91m |
| Other Expenses | US$304.68m |
| Earnings | US$150.23m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.16 |
| Gross Margin | 43.84% |
| Net Profit Margin | 14.48% |
| Debt/Equity Ratio | 14.2% |
How did ACMR perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/10 23:47 |
| End of Day Share Price | 2026/09/10 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ACM Research, Inc. is covered by 13 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christian Schwab | Craig-Hallum Capital Group LLC |
| Bintuo Ni | Daiwa Securities Co. Ltd. |
| Allen Chang | Goldman Sachs |