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Acm Research Inc

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms; Space Alternated Phase Shift, technology for flat and wafer surfaces; timely energized bubble oscillation, technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools. It also offers advanced packaging equipment, such as coaters, developers, photoresist strippers, scrubbers, wet etchers and copper-plating equipment; and advanced packaging products include: Ultra ECP ap, which delivers a uniform metal layer to finished wafers prior to packaging; Ultra C Developer, which applies liquid developer to selected parts of photoresist to resolve an image; Ultra C PR Megasonic-Assisted Stripper, which removes photoresist; Ultra C Scrubber, which scrubs and cleans wafers; Ultra C Thin Wafer Scrubber, which addresses a sub-market of cleaning very thin wafers for certain Asian assembly factories; and Ultra C Wet Etcher, which etches silicon wafers and copper and titanium interconnects. In addition, the company provides ECP technology for advanced metal plating; Ultra fn Furnace, a dry processing tool; Ultra Pmax PECVD tools, a proprietary designed chamber, gas distribution unit, and chuck; and Ultra Track, a 300mm process tool that delivers uniform air downflow, fast robot handling and configurable software to address specific customer requirements. It markets and sells its products under the SAPS, TEBO, ULTRA C, ULTRA Fn, Ultra ECP, Ultra ECP map, and Ultra ECP ap trademarks through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.

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Semiconductors

ACM Research beats Q2 estimates and raises full-year revenue guidance

ACM Research reported second-quarter 2026 results that exceeded analyst expectations and raised its full-year revenue outlook. Non-GAAP earnings per share came in at $0.61, beating estimates by $0.27, while revenue rose 36% year-over-year to $292.92 million, surpassing the consensus by $23.68 million. Total shipments for the quarter reached $281.5 million, up 36.4% from the same period last year. The company lifted its fiscal 2026 revenue guidance to a range of $1.125 billion to $1.175 billion, up from the prior low end of $1.08 billion, compared with a consensus estimate of $1.16 billion.
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ACMR

Shanghai Composite Index Falls as Q2 GDP Slows and Tech Stocks Weigh

In mainland China markets on the 15th, the Shanghai Composite Index fell 0.29% from the previous day to 3,955.58 points, reversing earlier gains. The April–June GDP growth rate released during trading hours came in at 4.3%, below the market forecast of 4.5% and decelerating from the previous quarter's 5.0%, which weighed on sentiment. Tech stocks were notably weak, with the STAR 50 Index dropping 4.3% and underperforming major indices. Jiangsu Changjiang Electronics Technology hit its daily limit down with a 10.0% decline, and ACM Research fell 9.2%. On the other hand, consumer-related shares were firm, with Shanxi Xinghuacun Fen Wine rising 7.0% and China Tourism Group Duty Free gaining 6.9%.
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Semiconductors

Roth Capital Raises ACM Research Price Target to $125

Roth Capital raised its price target on ACM Research from $100 to $125 while maintaining a Buy rating. The upgrade follows the company's appearance at the 16th Roth London Conference, where management reaffirmed strong demand for its tools in China driven by the country's push to grow its share of global semiconductor production. Roth Capital sees a broader growth story taking shape beyond China, with ACM well-positioned to expand through a range of emerging front-end and back-end semiconductor tools and efforts to diversify its customer base beyond its core China market.
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