Overview

* ACM Research ( ACMR ) Q3 revenue grows 32%, beating analyst expectations

* Net income for Q3 rises to $35.9 mln, non-GAAP net income declines

* ACM Shanghai raises $623 mln in capital to fund growth initiatives

Outlook

* ACM narrows 2025 revenue guidance to $875 mln-$925 mln from $850 mln-$950 mln

Result Drivers

* TECHNOLOGY DEMAND - Increased demand for ACM's proprietary technologies, including horizontal plating and high-temperature SPM platforms, driven by AI and global datacenter investments

* CAPITAL RAISE - ACM Shanghai's $623 mln capital raise to accelerate development of next-gen tools and expand production capacity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $269.16 $251.70

Revenue mln mln (7

Analysts

)

Q3 EPS $0.52

Q3 Net $35.88

Income mln

Q3 Gross 42%

Margin

Q3 Basic $0.56

EPS

Q3 $28.92

Operatin mln

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

* Wall Street's median 12-month price target for ACM Research Inc ( ACMR ) is $43.00, about 9.5% above its November 4 closing price of $38.90

* The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)