ACM Research Reports Third Quarter 2025 Results

Core Viewpoint - ACM Research, Inc. reported a strong financial performance for Q3 2025, with a revenue growth of 32% year-over-year, driven by innovations in semiconductor processing solutions and increased demand from AI and global datacenter investments [2][3]. Financial Performance - Revenue for Q3 2025 was $269.2 million, up from $204.0 million in Q3 2024, reflecting a 32% increase [6][19]. - Gross margin decreased to 42.0% from 51.4% year-over-year, with non-GAAP gross margin at 42.1% compared to 51.6% [6][19]. - Operating income was $28.9 million, down from $44.2 million in the same quarter last year, resulting in an operating margin of 10.7% compared to 21.7% [6][19]. - Net income attributable to ACM Research, Inc. was $35.9 million, an increase from $30.9 million in Q3 2024, with diluted EPS rising to $0.52 from $0.45 [6][19]. Recent Developments - ACM Shanghai raised approximately $623 million in net proceeds from a private offering, which will be used to accelerate the development of next-generation tools and expand production capacity [2][5]. - The company is set to deliver its first system utilizing proprietary horizontal plating technology for panel-level packaging in Q4 2025 [2]. - ACM launched its first Ultra Lith KrF track system for front-end semiconductor manufacturing, expanding its lithography product line [4]. Outlook - ACM has narrowed its revenue guidance for fiscal year 2025 to a range of $875 million to $925 million, reflecting ongoing assessments of international trade policies and customer spending scenarios [3].