ACM Research (ACMR) 2025 Revenue Hits Record $901.3M as Q4 Growth Moderates to 9.4%

Group 1: Financial Performance - ACM Research achieved record annual revenue of $901.3 million in 2025, representing a 15% increase year-over-year [1] - Q4 revenue increased by 9.4% to $244.4 million, indicating a more moderate growth compared to the full year [1] Group 2: Geographic and Product Expansion - In 2025, ACM made significant progress in global markets, delivering its first single-wafer cleaning systems to a foundry in Singapore and securing multiple orders for wafer-level and panel-level packaging tools from North American and Southeast Asian customers [2] - The company reached technical milestones with the delivery of its first Ultra ECP ap-p horizontal panel-level plating tool and the Ultra Lith BK photoresist hardening tool [2] Group 3: Future Outlook - ACM Research entered 2026 with a strengthened balance sheet, reporting $845 million in net cash following a private offering by its Shanghai subsidiary and a subsequent share sale [3] - The company maintained its 2026 revenue guidance of $1.08 billion to $1.175 billion, projecting growth between 21% and 30% [3]