11:43 AM EST, 11/05/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

ACM Research ( ACMR ) shares were down over 17% in recent Wednesday trading after the company reported lower-than-expected Q3 earnings.

Earlier, ACM reported Q3 adjusted earnings of $0.36 per diluted share, compared with $0.63 a year earlier.

Analysts surveyed by FactSet expected $0.54.

Revenue for the quarter ended Sept. 30 was $269.2 million, compared with $204.0 million a year earlier. Analysts surveyed by FactSet expected $251.7 million.

For 2025, the company narrowed its revenue guidance to a range of $875 million to $925 million from $850 million to $950 million previously. Analysts expected $911.7 million.

Price: 31.98, Change: -6.92, Percent Change: -17.79