Q3 25 EPS
$0.52
MISS 2.35%
Est. $0.53
Q3 25 Revenue
$269.2M
BEAT +6.93%
Est. $251.7M
vs S&P Since Q3 25
+224.0%
BEATING MARKET
ACMR +236.1% vs S&P +12.1%
Market Reaction
Did ACMR Beat Earnings? Q3 2025 Results
ACM Research delivered a mixed third quarter for fiscal 2025, posting strong revenue growth that masked a notable earnings disappointment and a sharp margin contraction. Revenue came in at $269.16 million, clearing the $251.72 million consensus by 6.… Read more ACM Research delivered a mixed third quarter for fiscal 2025, posting strong revenue growth that masked a notable earnings disappointment and a sharp margin contraction. Revenue came in at $269.16 million, clearing the $251.72 million consensus by 6.93% and marking a 32.0% year-over-year gain, as demand broadened across cleaning, ECP, furnace, and advanced packaging product lines. Earnings per share of $0.52, however, fell just short of the $0.53 consensus estimate, with gross margin compressing severely to 42.0% from 51.4% a year ago, landing at the low end of the company's long-term target range, as unfavorable product mix, currency headwinds, and inventory provisions weighed heavily on profitability. Operating income fell to $28.92 million from $44.18 million, even as the company accelerated R&D spending to $39.65 million to fund next-generation tool development. On the product front, ACM delivered its first horizontal plating tool for panel-level packaging, generating broad customer interest. Looking ahead, management narrowed its fiscal 2025 revenue guidance to $875 million to $925 million, reaffirming its long-term $4 billion revenue target.
Key Takeaways
- • 32% year-over-year revenue growth driven by single wafer cleaning, Tahoe and semi-critical cleaning, ECP, furnace technologies, and advanced packaging
- • AI and global datacenter investments driving demand for next-generation semiconductor equipment
- • Total shipments of $263.1 million in Q3 2025
ACMR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ACMR Revenue by Segment
With YoY comparisons, source: SEC Filings
ACMR Revenue by Geography
Regional revenue distribution
“I am pleased to report another strong quarter for ACM. We grew revenue by 32%, and continue to innovate with world-class tools across multiple product lines. We believe the market is moving toward ACM as AI and global datacenter investments are demanding new innovative technology requirements for next generation semiconductor equipment.”
— David Wang, Q3 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% |