Abstract
Acm Research Inc. will report fourth-quarter 2025 results on February 26, 2026, Pre-Market, with current-quarter estimates pointing to revenue, earnings, and operating metrics that suggest constructive momentum versus the prior year.Market Forecast
Available estimates indicate Acm Research Inc. is projected to deliver revenue of 241.29 million, adjusted EPS of 0.40, and EBIT of 40.78 million in the current quarter, corresponding to year-over-year changes of 23.78%, 3.36%, and 14.59%, respectively; margin expectations for gross profit and net profit have not been formally guided for this quarter. The main business remains anchored by single-wafer cleaning, Tahoe, and semi-critical cleaning tools, with the company’s 2026 revenue outlook of 1.08 billion to 1.18 billion implying scale continuity across product lines. The most promising segment is electrochemical plating, furnace, and other technologies, which generated 59.85 million last quarter; while segment-level year-over-year growth is undisclosed, momentum is consistent with the company’s projected 23.78% year-over-year revenue growth for the current quarter.Last Quarter Review
Acm Research Inc. reported last quarter revenue of 269.16 million (+31.96% year-over-year), a gross profit margin of 42.04%, GAAP net profit attributable to the parent company of 35.89 million, a net profit margin of 13.33%, and adjusted EPS of 0.36 (-42.86% year-over-year). Net profit increased 20.59% quarter-on-quarter, reflecting sequential improvement in profitability against the immediately preceding period. Main business highlights: single-wafer cleaning, Tahoe, and semi-critical cleaning tools comprised 181.57 million (67.46% of sales), while company-wide revenue advanced 31.96% year-over-year.Current Quarter Outlook
Main Business: Single-Wafer Cleaning, Tahoe, and Semi-Critical Cleaning Tools
This product family remains the core revenue driver, contributing 181.57 million last quarter and accounting for 67.46% of the sales mix. For the current quarter, the key watch points are shipment timing across flagship cleaning platforms, mix between Tahoe and other cleaning configurations, and the degree to which higher-value tool sets support pricing. The last quarter’s 42.04% gross margin provides a useful baseline for assessing whether product mix and cost absorption can sustain margins near that level; any improvements in material costs or factory utilization would be supportive. Adjusted EPS of 0.40 is projected alongside revenue of 241.29 million, and the earnings translation from revenue will depend on operating expense trajectory, warranty provisioning, and services attachment rates tied to installed base expansion. Within this category, aftermarket services and spares associated with cleaning tools often contribute to recurring revenue, which can smooth quarter-to-quarter volatility; investors will look for signs that services intensity is improving as installations mature.Most Promising Business: Electrochemical Plating, Furnace, and Other Technologies
Electrochemical plating (front-end and packaging), furnace, and other technologies posted 59.85 million last quarter and made up 22.24% of total revenue, positioning this segment as a significant secondary contributor with potential for step-ups. In the near term, traction will hinge on acceptance rates for plating systems and the pace of multi-tool orders, which can cluster when customers expand lines or upgrade process steps. The favorable company-level estimate for current-quarter revenue growth (+23.78% year-over-year) sets an encouraging backdrop for this portfolio, and EBIT projected at 40.78 million (+14.59% year-over-year) suggests operating leverage may be achievable if shipments concentrate in higher-margin configurations. Execution priorities include aligning manufacturing capacity with order visibility and ensuring that tool performance and cost-of-ownership metrics remain aligned with customer production targets. As this portfolio broadens, cross-sell opportunities with cleaning tools may help deepen customer relationships, provided installation timelines and qualification milestones remain on track.Key Stock Price Drivers This Quarter
Acm Research Inc.’s share price reaction around the release is likely to center on the magnitude of any beat or miss versus the revenue estimate of 241.29 million and adjusted EPS of 0.40, alongside color on margins relative to the prior quarter’s 42.04% gross margin and 13.33% net margin. Investors will parse commentary on order intake, backlog conversion, and shipment phasing to determine how much of the projected growth is pull-forward versus sustainable run-rate. The company’s recently communicated 2026 revenue range of 1.08 billion to 1.18 billion provides a framework for evaluating whether fourth-quarter results and forward-looking commentary align with that trajectory; tangible signals include customer purchase commitments, factory loading plans, and the cadence of new tool introductions or upgrades. Operating expense control is another focal point: last quarter’s adjusted EPS of 0.36 came alongside robust revenue growth, and this quarter’s EPS outcome will depend on balancing R&D investment and SG&A against gross profit capture. Management’s update on services and spare parts attachment rates is also relevant, as a stronger recurring component can stabilize earnings through the cycle and enhance visibility across quarters.Beyond headline metrics, investors will look for clarity on shipment timing within the quarter because revenue recognition in capital equipment can be lumpy; clarity on acceptance and installation milestones typically reduces uncertainty around quarterly revenue swings. Mix between cleaning tools and plating or furnace systems will influence gross margin: higher-complexity configurations and well-timed cost reductions can support margin consistency even in periods of rapid revenue growth. Finally, commentary regarding geographic revenue distribution and any customer concentration changes may influence perceived risk, especially if shipments are tied to large programs where acceptance timing is sensitive; transparent updates on diversification progress can be supportive for valuation.