Q1 25 EPS
$0.46
BEAT +32.37%
Est. $0.35
Q1 25 Revenue
$172.3M
BEAT +4.24%
Est. $165.3M
vs S&P Since Q1 25
+368.8%
BEATING MARKET
ACMR +402.4% vs S&P +33.6%
Market Reaction
Did ACMR Beat Earnings? Q1 2025 Results
ACM Research delivered a strong first quarter in 2025, beating Wall Street expectations on both the top and bottom lines as the semiconductor equipment maker posted revenue of $172.35 million, up 13.2% year over year and ahead of the $165.33 million … Read more ACM Research delivered a strong first quarter in 2025, beating Wall Street expectations on both the top and bottom lines as the semiconductor equipment maker posted revenue of $172.35 million, up 13.2% year over year and ahead of the $165.33 million consensus estimate. Non-GAAP EPS of $0.46 cleared the $0.35 analyst forecast by 32.37%, a notable margin of outperformance driven in part by a sharp drop in income tax expense to $2.15 million from $4.37 million a year earlier, which helped offset gross margin compression to 47.9% from 52.0%. The quarter also featured key technology milestones, including qualification of ACM's high-temperature SPM tool by a major logic customer in mainland China and customer acceptance of its backside/bevel etch tool from a U.S. Customer, reinforcing management's case for expanding relevance across both front-end and advanced packaging markets. Looking ahead, ACM maintained its full-year 2025 revenue guidance of $850 million to $950 million, with management anticipating a return to year-on-year shipment growth beginning in Q2 2025.
Key Takeaways
- • 13.2% year-over-year revenue growth driven by higher sales of single wafer cleaning, Tahoe, semi-critical cleaning equipment, ECP, furnace and other technologies
- • Revenue heavily concentrated in mainland China (98% of total revenue)
- • Lower income tax expense of $2.2 million vs. $4.4 million year-over-year
- • Operating expenses as a percentage of revenue decreased to 32.9% from 35.4%
ACMR YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
ACMR Revenue by Segment
With YoY comparisons, source: SEC Filings
ACMR Revenue by Geography
Regional revenue distribution
“Our first quarter results mark a good start to 2025. We delivered 13% year-over-year revenue growth, solid profitability, and positive cash flow from operations. We achieved several strategic milestones: including the qualification of our high-temperature SPM tool by a leading logic customer in China, customer acceptance for our backside/bevel etch tool from a U.S. customer, and we received the 2025 3D InCites Technology Enablement Award for our proprietary Ultra ECP ap-p tool, which we believe is the world's first to utilize horizontal plating for panel applications. These achievements highlight ACM's technology leadership in both front-end processing and advanced packaging applications, which we believe will allow us to play a key role as the global industry demands innovation to advance the ever-evolving semiconductor requirements for AI.”
— David Wang, Q1 2025 Earnings Press Release
ACMR Earnings Trends
ACMR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ACMR EPS Trend
Earnings per share: estimate vs actual
ACMR Revenue Trend
Quarterly revenue: estimate vs actual
ACMR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.20 | $0.34 | +72.85% | $231.3M | +7.22% |
| Q4 25 MISS FY | $0.40 | $0.25 | -37.50% | $244.4M | +1.30% |
| FY Full Year | $1.77 | $1.61 | -9.04% | $901.3M | +0.50% |
| Q3 25 MISS | $0.53 | $0.52 | -2.35% | $269.2M | +6.93% |
| Q2 25 BEAT | $0.50 | $0.54 | +7.46% | $215.4M | -3.60% |
| Q1 25 BEAT | $0.35 | $0.46 | +32.37% | $172.3M | +4.24% |