ACM Research Q4 revenue up 9.4%, beats estimates

Reuters02-26
ACM Research Q4 revenue up 9.4%, beats estimates

Overview

  • Semiconductor equipment supplier's Q4 revenue rose 9.4%, beating analyst expectations

  • Company delivered advanced semiconductor tools to global customers

  • Company sold 1.3% of ACM Shanghai shares for $111 mln

Outlook

  • ACM maintains 2026 revenue guidance of $1.08 bln to $1.175 bln

  • Company expects contributions from Tahoe, SPM cleaning, and furnace technologies

  • ACM accelerates investments in Oregon for global market expansion

Result Drivers

  • TOOL DELIVERIES - ACM delivered multiple advanced semiconductor tools, including its first panel electrochemical plating tool and Ultra Lith BK Photoresist Hardening Tool, to global customers

  • SOUTHEAST ASIA EXPANSION - ACM expanded its presence in Southeast Asia by delivering multiple single-wafer cleaning systems to a Singapore-based foundry

  • CASH POSITION - Sale of ACM Shanghai shares contributed to strong cash position, with $845 mln in net cash at year-end

Company press release: ID:nGNX2cmmVS

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$244.43 mln

$241.29 mln (6 Analysts)

Q4 EPS

$0.11

Q4 Net Income

$8.05 mln

Q4 Gross Margin

40.90%

Q4 Basic EPS

$0.12

Q4 Operating income

$23.04 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

  • Wall Street's median 12-month price target for ACM Research Inc is $42.50, about 37.9% below its February 25 closing price of $68.47

  • The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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