Q4 25 EPS
$0.25
MISS 37.50%
Est. $0.40
Q4 25 Revenue
$244.4M
BEAT +1.30%
Est. $241.3M
vs S&P Since Q4 25
+79.3%
BEATING MARKET
ACMR +88.9% vs S&P +9.6%
Full Year 2025 Results
FY 25 EPS
$1.61
MISS 9.04%
Est. $1.77
FY 25 Revenue
$901.3M
BEAT +0.50%
Est. $896.8M
Market Reaction
Did ACMR Beat Earnings? Q4 2025 Results
ACM Research delivered a tale of two metrics in Q4 2025, posting revenue that edged past expectations while earnings fell well short of the mark. The semiconductor equipment maker reported quarterly revenue of $244.43 million, up 9.4% year over year … Read more ACM Research delivered a tale of two metrics in Q4 2025, posting revenue that edged past expectations while earnings fell well short of the mark. The semiconductor equipment maker reported quarterly revenue of $244.43 million, up 9.4% year over year and modestly ahead of the $239.90 million consensus, but non-GAAP diluted EPS of $0.25 missed the $0.53 estimate by 53.04%, a gap that sent shares lower in the aftermath. The culprit was a sharp compression in gross margin, which collapsed to 40.9% from 49.6% a year earlier, driven by product mix shifts toward semi-critical tools, competitive pricing pressures, and inventory-related charges that gutted operating leverage. GAAP net income attributable to ACM tumbled to $8.05 million from $31.08 million in the prior-year period. Despite the profitability stumble, management held its 2026 revenue guidance at $1.08 billion to $1.18 billion, representing 21% to 30% growth, anchored by contributions from advanced packaging, SPM cleaning, and furnace products, alongside a planned H2 2026 launch of Oregon operations to broaden its global reach.
Key Takeaways
- • Growth in single wafer cleaning, Tahoe, and semi-critical cleaning equipment revenue
- • Higher sales of ECP (front-end and packaging), furnace and other technologies
- • Growth in advanced packaging (excluding ECP), services and spares
- • Record annual revenue of $901 million, outperforming estimated China WFE
ACMR YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
ACMR Revenue by Segment
With YoY comparisons, source: SEC Filings
ACMR Revenue by Geography
Regional revenue distribution
“2025 was a year of strong execution for ACM. We delivered record annual revenue of $901 million, up 15% year over year, outperforming estimated China WFE. We strengthened our foundation for long-term growth by advancing new products, expanding our global production capacity, and enhancing global funding initiatives.”
— David Wang, Q4 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% |