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ACM Research Inc

ACM Research Inc

ACMR
$83.92USD↓-0.20%-0.17 today

MARKET CAP

5.8B

P/E (TTM)

56.4x

FWD P/E

46.8x

DAY RANGE

$77 – $87

52W RANGE

$23
$127

AI Summary

Stalk
Sell NowMedium

ACMR remains entrenched in a Stage 4 decline with sequential lower highs and lower lows under down-sloping EMAs. Medium-term bias stays bearish, reinforced by rejection at the 9/20 EMA zone. Short-term timing favors selling now on resistance rather than waiting for deep pullbacks. The long-term uptrend above the 200 DMA remains intact; a break below it would threaten the secular trend.

  • ↑34% YoY revenue jump to $231.3M in Q1 2026 driven by ECP and packaging
  • ↑Analysts expect EPS to increase from $1.02 to $1.54 over next year
  • ↓P/E at 80.95 and negative earnings yield highlight valuation risk
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

ACM Research, Inc. (NASDAQ: ACMR) is a prominent player in the semiconductor capital equipment industry, specializing in innovative cleaning and packaging solutions geared towards advanced semiconductor manufacturing. The company holds a competitive edge through proprietary technologies that cater to the rising demand for high-density semiconductor devices, which are increasingly crucial in the AI-driven global market. With a focus on growth, ACM Research is expanding its footprint internationally while investing in R&D to enhance its operational capabilities.

Bull says

  • ↑34% YoY revenue jump to $231.3M in Q1 2026 driven by ECP and packaging
  • ↑Analysts expect EPS to increase from $1.02 to $1.54 over next year
  • ↑Upcoming Tahoe and vertical furnace launches plus SPM ramp promise fresh revenue streams
  • ↑Targets 60% share of the cleaning tools market by 2026 in China and key regions
  • ↑Strong momentum factors and positive shareholder yield support further upside
  • ↑Robust profitability and growth factor profile backed by sustained R&D investment

Bear says

  • ↓P/E at 80.95 and negative earnings yield highlight valuation risk
  • ↓Operating income fell to $24.3M from $31.3M after higher R&D spending
  • ↓Elevated price volatility exposes investors to sharp share swings
  • ↓Top customers account for 59% of revenue, raising concentration risk
  • ↓Inventory climbed to $738M, signaling supply chain and demand forecast issues
  • ↓Analyst sentiment weakens amid negative revision trends

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Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-09-2026neutral

Transcript signals

Bull points

  • We started the year with a solid Q1 report with a revenue of 34% and a gross margin above the middle point of our long-term target range.
  • Revenue growth for the quarter was driven by the continual strength in our ECP and advanced packaging business.
  • We are happy to see 2026 as a big year for new product.

Bear points

  • cleaning, which declined by 6%.
  • Revenue for single-way for cleaning, Tahoe, and semi-critical cleaning was $122.5 million, down 5.5%, and it represented about 53% of sales for the quarter.
  • Net income attributable to ACM Research was $24.3 million versus $31.3 million.
Read full transcript analysis ›