ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers with fine feature sizes; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.
IPO Year: 2017
Exchange: NASDAQ
Website: acmrcsh.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/28/2025 | $36.00 | Overweight | Analyst |
| 2/26/2025 | Hold → Buy | Craig Hallum | |
| 12/5/2024 | $18.00 | Buy → Hold | Craig Hallum |
| 12/4/2024 | Buy → Hold | Needham | |
| 2/29/2024 | $39.00 | Neutral → Buy | Goldman |
| 7/3/2023 | $9.00 → $23.40 | Underperform → Buy | Jefferies |
| 3/6/2023 | Underweight → Overweight | Morgan Stanley | |
| 2/27/2023 | $7.00 → $8.00 | Hold → Underperform | Jefferies |
| 2/22/2023 | $10.00 | Equal-Weight → Underweight | Morgan Stanley |
| 11/7/2022 | $8.00 → $7.00 | Underperform → Hold | Jefferies |
FREMONT, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its first quarter ended March 31, 2025. "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," said Dr. David Wang, President and Chief Executive Officer of ACM. "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 too
Coincides with Release of ACM Shanghai First Quarter 2025 ResultsACM Reaffirms 2025 Revenue Outlook FREMONT, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announces expectations for preliminary unaudited revenue and total shipments for the first quarter of 2025. Today's release coincides with the as-scheduled release of unaudited financial results by ACM Research (Shanghai), Inc., ACM's principal operating subsidiary ("ACM Shanghai"), to the Shanghai Stock Exchange website [link to China Disclosure]. ACM will discuss its full fin
FREMONT, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its preliminary revenue range for the first quarter of 2025 before the U.S. market open on Tuesday, April 29, 2025, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM's principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the first quarter of 2025 before the U.S. market open on Thursday, May 8, 2025. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What: ACM First Quarter (ended March 31, 202
FREMONT, Calif., April 10, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer and panel processing solutions for semiconductor and advanced packaging applications, today announced that its Ultra ECP ap-p tool has won the 2025 3D InCites Award in the Technology Enablement category. This award honors companies that have identified and solved critical challenges in the advancement of the heterogeneous integration roadmap, driving the industry forward through cutting-edge solutions and advancements. ACM's Ultra ECP ap-p system, designed for fan-out panel-level packaging (FOPLP), is the first commercially-available high-volume copper deposition syste
FREMONT, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced the appointment of Charlie Pappis to its Board of Directors, effective March 15, 2025. With the addition of Mr. Pappis, ACM's Board of Directors now comprises five members, further strengthening its leadership and expertise as the company executes its long-term growth strategy. "We are thrilled to welcome Mr. Pappis to our Board of Directors," said Dr. David Wang, President and Chief Executive Officer of ACM. "His deep industry knowledge, proven leadership in scaling global oper
FREMONT, Calif., March 05, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced its participation in the 37th Annual ROTH Conference in Dana Point, California on Monday, March 17, 2025. Management will be available for one-on-one and small group meetings with institutional investors on Monday, March 17, 2025. For more information about the conference or to request a one-on-one meeting, please contact a Roth sales representative. About ACM Research, Inc. ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating,
FREMONT, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced its Single-Wafer High-Temperature Sulfuric Peroxide Mixture (SPM) tool has been qualified by a key logic device manufacturer in mainland China. To date, ACM has delivered its SPM tools to thirteen customers. The system features ACM's proprietary nozzle design, which prevents acid mist splatter during the SPM process, improving particle performance, reducing chamber preventive maintenance cleaning frequency, and enhancing system uptime. It supports wet etching and wafer cleaning f
FREMONT, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2024. "2024 was a year of strong execution for ACM. We expanded our product portfolio and broadened the addressable markets we serve," said ACM's President and Chief Executive Officer, Dr. David Wang. "We grew revenue by 40% and total shipments by 63%. We gained additional market share by capitalizing on product cycles and deepening engagements with key customers, demonstrating the strength of our multi-pr
FREMONT, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the fourth quarter and fiscal year 2024 before the U.S. market open on Wednesday, February 26, 2025. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results. What:ACM Fourth Quarter and Fiscal Year (ended December 31, 2024) Earnings CallWhen:8:00 a.m. U.S. Eastern Time on Wednesday, February 26, 2025Webcast:ir.acmr.com/news-events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon regis
—Updates 2024 Revenue Outlook to $755 to $770 Million— —Projected 2025 Revenue of $850 to $950 Million— —ACM to Participate at Upcoming Conferences— FREMONT, Calif., Jan. 14, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today has updated its full year 2024 revenue outlook to a range of $755 million to $770 million, versus a range of $725 million to $745 million as was provided in ACM's third quarter 2024 earnings release issued on November 7, 2024. ACM also announced that it expects revenue for the full year 2025 to be in the range of $850 million to $950 milli
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FREMONT, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced the appointment of Charlie Pappis to its Board of Directors, effective March 15, 2025. With the addition of Mr. Pappis, ACM's Board of Directors now comprises five members, further strengthening its leadership and expertise as the company executes its long-term growth strategy. "We are thrilled to welcome Mr. Pappis to our Board of Directors," said Dr. David Wang, President and Chief Executive Officer of ACM. "His deep industry knowledge, proven leadership in scaling global oper
FREMONT, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of Howard Chen as General Counsel and Vice President of Corporate Strategy, effective July 1, 2024. ACM's President and Chief Executive Officer Dr. David Wang, commented, "I am pleased to welcome Howard Chen to the ACM team. His legal knowledge and industry insight will be a valuable asset as we continue to navigate the complexities of the global semiconductor industry. We are confident that Howard's leadership will enhance our legal strategies and IP
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of David Kim as Chief Executive Officer of ACM Research Korea CO., LTD. ("ACM Research Korea"). Mr. Kim brings more than thirty years of semiconductor manufacturing experience to his new role, having held senior positions at major corporations such as Hyundai Electronics and SK Hynix. His extensive expertise encompasses leadership roles in semiconductor operations in the U.S., Korea and China. Mr. Kim holds a Bachelor of Science degree in Materials Scie
FREMONT, Calif., May 19, 2022 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that Armanino LLP (Armanino) has been appointed as ACM's independent registered public accounting firm to audit ACM's consolidated financial statements for the fiscal year ending December 31, 2022. ACM's engagement of Armanino as independent auditor for 2022 completes ACM's previously announced process to identify and appoint an independent public accounting firm subject to inspection by the Public Company Accounting Oversight Board (PCAOB), in order to enable ACM to c
FREMONT, Calif., May 06, 2021 (GLOBE NEWSWIRE) -- ACM Research, Inc. (NASDAQ:ACMR) ("ACM"), a leading supplier of wafer cleaning technologies for advanced semiconductor devices, today announced the appointment of Elad Nadler as Senior Director of Service for North America and Europe. In this role reporting to Jim Straus, VP of Sales of North America and Europe, Elad will lead ACM's service and spares organization and will be responsible for all customer service throughout those regions, with a focus on expanding adoption of ACM's core technologies and services at major semiconductor companies. Elad has served for more than twenty years in customer support, product support development, fie
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FREMONT, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its first quarter ended March 31, 2025. "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," said Dr. David Wang, President and Chief Executive Officer of ACM. "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 too
FREMONT, Calif., April 16, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its preliminary revenue range for the first quarter of 2025 before the U.S. market open on Tuesday, April 29, 2025, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM's principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the first quarter of 2025 before the U.S. market open on Thursday, May 8, 2025. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What: ACM First Quarter (ended March 31, 202
FREMONT, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2024. "2024 was a year of strong execution for ACM. We expanded our product portfolio and broadened the addressable markets we serve," said ACM's President and Chief Executive Officer, Dr. David Wang. "We grew revenue by 40% and total shipments by 63%. We gained additional market share by capitalizing on product cycles and deepening engagements with key customers, demonstrating the strength of our multi-pr
FREMONT, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the fourth quarter and fiscal year 2024 before the U.S. market open on Wednesday, February 26, 2025. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results. What:ACM Fourth Quarter and Fiscal Year (ended December 31, 2024) Earnings CallWhen:8:00 a.m. U.S. Eastern Time on Wednesday, February 26, 2025Webcast:ir.acmr.com/news-events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon regis
FREMONT, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its third quarter ended September 30, 2024. "I am pleased to report another strong quarter for ACM, with record revenue and shipments, good profitability, and positive cash flow from operations," said ACM's President and Chief Executive Officer, Dr. David Wang. "We believe our results demonstrate ACM's role as an innovator, delivering world-class tools that drive value for our customers and strengthen our position in the global market. Tahoe is
FREMONT, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ: ACMR) announced today that it will release its preliminary revenue range for the third quarter of 2024 before the U.S. market open on Wednesday, October 30, 2024, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM's principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the third quarter of 2024 before the U.S. market open on Thursday, November 7, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (9:00 p.m. China Time) to discuss the results. What: ACM Third Quarter (ended September 30,
FREMONT, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its operating subsidiary ACM Research (Shanghai), Inc. ("ACM Shanghai") posted backlog figures for ACM Shanghai as of September 30, 2024 and September 27, 2023 on the Shanghai Stock Exchange website [link to China Disclosure]. Backlog As of September 30, 2024 and September 27, 2023, ACM Shanghai's total backlog amounted to RMB 6,764.6 million (USD $964.8 million), and RMB 6,795.8 million respectively. The total backlog figures include a mix of orders for tools
FREMONT, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its second quarter ended June 30, 2024. "I am pleased with our second quarter results. We delivered record revenue, strong profitability and positive cash flow from operations," said ACM's President and Chief Executive Officer, Dr. David Wang. "We are benefiting from continued investments by our customers, and market share gains from our existing and new products. I am also thrilled to announce today our new Panel Electrochemical Plating (Ultra EC
FREMONT, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR) announced today that it will release its financial results for the second quarter of 2024 before the U.S. market open on Wednesday, August 7, 2024. ACM will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:ACM Second Quarter (ended June 30, 2024) Earnings CallWhen:8:00 a.m. U.S. Eastern Time on Wednesday, August 7, 2024Webcast:ir.acmrcsh.com/events To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive
FREMONT, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today reported financial results for its first quarter ended March 31, 2024. "I am pleased with our first quarter results, a solid start for 2024. We delivered 105% revenue growth, record shipments, and strong profitability," said ACM's President and Chief Executive Officer, Dr. David Wang. "Our results demonstrate continued spending on mature nodes by our mainland China customers, contribution from new products, and market share gains at both existing and new customers."
Analyst initiated coverage of ACM Research with a rating of Overweight and set a new price target of $36.00
Craig Hallum upgraded ACM Research from Hold to Buy
Craig Hallum downgraded ACM Research from Buy to Hold and set a new price target of $18.00
Needham downgraded ACM Research from Buy to Hold
Goldman upgraded ACM Research from Neutral to Buy and set a new price target of $39.00
Jefferies upgraded ACM Research from Underperform to Buy and set a new price target of $23.40 from $9.00 previously
Morgan Stanley upgraded ACM Research from Underweight to Overweight
Jefferies downgraded ACM Research from Hold to Underperform and set a new price target of $8.00 from $7.00 previously
Morgan Stanley downgraded ACM Research from Equal-Weight to Underweight and set a new price target of $10.00
Jefferies upgraded ACM Research from Underperform to Hold and set a new price target of $7.00 from $8.00 previously
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