Overview

* ACM Research ( ACMR ) Q2 revenue rises 6.4% yr/yr but misses analyst expectations

* Company maintains FY 2025 revenue guidance of $850 mln to $950 mln

* Gross margin for Q2 exceeds long-term target range, reaching 48.5%

Outlook

* ACM maintains 2025 revenue guidance of $850 mln to $950 mln

* Company considers trade policy, customer spending in guidance

* ACM expects continued growth in China and global markets

* Company notes supply chain constraints affecting guidance

* Planned tool deliveries to the U.S. in Q3 as part of global expansion efforts

Result Drivers

* PRODUCT PORTFOLIO - Growth driven by single wafer cleaning, Tahoe, and semi-critical cleaning equipment, along with ECP, furnace, and advanced packaging technologies

* TECHNOLOGY UPGRADES - Repeat orders for upgraded Ultra C wb Wet Bench cleaning tool with nitrogen bubbling technology, enhancing etching rate uniformity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $215.37 $223.40

Revenue mln mln (7

Analysts

)

Q2 EPS $0.44

Q2 Net $29.76

Income mln

Q2 Gross 48.5%

Margin

Q2 Basic $0.47

EPS

Q2 $31.69

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 $35.85, about 17.3% above its August 5 closing price of $29.65

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(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.)