ACM Research Reports Second Quarter 2025 Results

Core Viewpoint - ACM Research, Inc. reported strong financial results for Q2 2025, with revenue growth and improved gross margins, while also highlighting advancements in technology and expansion plans in both China and global markets [2][3][11]. Financial Performance - Revenue for Q2 2025 was $215.4 million, a 6.4% increase from $202.5 million in Q2 2024 [11]. - Gross margin improved to 48.5% from 47.8% year-over-year, exceeding the company's long-term target range of 40% to 45% [11]. - Operating income decreased to $31.7 million from $37.6 million, with an operating margin of 14.7% compared to 18.6% in the previous year [11]. - Net income attributable to ACM Research, Inc. was $29.8 million, up from $24.2 million in Q2 2024, resulting in a diluted EPS of $0.44 compared to $0.35 [11][17]. Product and Technology Developments - The company announced major upgrades to its Ultra C wb Wet Bench cleaning tool, which features a patent-pending nitrogen bubbling technology that enhances etching rate uniformity by over 50% [4][11]. - ACM delivered its 1,500th electroplating chamber, marking a significant milestone in its growth in plating technology adoption [5]. Market Outlook - ACM maintains its revenue guidance for fiscal year 2025 in the range of $850 million to $950 million, reflecting ongoing assessments of international trade policies and customer spending [3]. - The company is experiencing continued momentum in its product lines, particularly in China, and has raised its long-term revenue target for the mainland China market [2][3]. Operational Highlights - Total shipments in Q2 2025 were $206.4 million, a 1.9% increase from Q2 2024 [4]. - The company is making strides in global expansion, with several tool deliveries planned to the U.S. in Q3 2025 [2].