分组1 - ACM Research, Inc. (ACMR) reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, but slightly down from $0.55 per share a year ago, resulting in an earnings surprise of +28.57% [1] - The company posted revenues of $215.37 million for the quarter ended June 2025, which was 3.4% below the Zacks Consensus Estimate, compared to $202.48 million in the same quarter last year [2] - ACM Research has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has increased approximately 96.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.1% [3] - The current consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $250.24 million, and for the current fiscal year, it is $2.00 on revenues of $919.66 million [7] - The Semiconductor Equipment - Material Services industry, to which ACM Research belongs, is currently ranked in the top 41% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Group 1 - ACM Research, Inc. (ACMR) closed at $28.53, with a +1.97% change from the previous day, outperforming the S&P 500's daily loss of 0.07% [1] - Prior to the latest trading session, ACMR shares had gained 11.83%, surpassing the Computer and Technology sector's gain of 5.58% and the S&P 500's gain of 3.94% [1] Group 2 - ACM Research, Inc. is expected to report an EPS of $0.42, reflecting a decrease of 23.64% from the prior-year quarter, while revenue is anticipated to be $221.04 million, indicating a 9.17% increase compared to the year-ago quarter [2] - For the full year, earnings are projected at $2 per share and revenue at $912.29 million, representing changes of -11.5% and +16.64%, respectively, from the prior year [3] Group 3 - Recent changes to analyst estimates for ACM Research, Inc. suggest a favorable outlook on the business health and profitability, as these revisions typically reflect short-term business trends [4] - The Zacks Rank system, which evaluates estimated changes, currently ranks ACM Research, Inc. at 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [6] Group 4 - ACM Research, Inc. is trading with a Forward P/E ratio of 13.99, which aligns with the industry average Forward P/E of 13.99 [7] - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [7][8]

Core Viewpoint - ACM Research, Inc. is experiencing a positive stock performance, with a recent closing price of $26.51, reflecting a 1.77% increase from the previous day, outperforming major indices like the S&P 500, Dow, and Nasdaq [1] Financial Performance - The upcoming earnings report for ACM Research, Inc. is projected to show earnings of $0.42 per share, representing a year-over-year decline of 23.64% [2] - Revenue is expected to be $221.04 million, indicating a 9.17% growth compared to the same quarter last year [2] - For the annual period, earnings are anticipated to be $2 per share, with revenue projected at $912.29 million, reflecting shifts of -11.5% and +16.64% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for ACM Research, Inc. indicate evolving short-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation [4] - The Zacks Rank system, which incorporates these estimate changes, currently assigns ACM Research, Inc. a rank of 4 (Sell) [6] Valuation Metrics - ACM Research, Inc. is trading at a Forward P/E ratio of 13.02, which aligns with the industry average [7] - The Semiconductor Equipment - Material Services industry, to which ACM Research belongs, ranks in the bottom 5% of all industries, with a current Zacks Industry Rank of 236 [7][8]

Company Performance - ACM Research, Inc. (ACMR) stock decreased by 3.06% to $24.42, underperforming the S&P 500's daily loss of 0.22% [1] - Over the past month, the company's stock has increased by 11.76%, outperforming the Computer and Technology sector's gain of 2.98% and the S&P 500's gain of 0.45% [1] Earnings Projections - The upcoming EPS for ACM Research is projected at $0.42, indicating a 23.64% decline compared to the same quarter last year [2] - Revenue is estimated to be $221.04 million, reflecting a 9.17% increase from the prior-year quarter [2] Full Year Estimates - For the full year, earnings are projected at $2 per share, representing an 11.5% decrease from the previous year, while revenue is expected to reach $912.29 million, a 16.64% increase [3] - Recent changes in analyst estimates are crucial as they indicate near-term business trends and analyst sentiment regarding profitability [3] Valuation Metrics - ACM Research is currently trading at a Forward P/E ratio of 12.6, which aligns with the industry average Forward P/E of 12.6 [6] - The Semiconductor Equipment - Material Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 236, placing it in the bottom 5% of over 250 industries [6]

Group 1 - ACM Research, Inc. (ACMR) stock decreased by 5.27% to $24.37, underperforming the S&P 500's daily loss of 1.13% [1] - Over the past month, ACMR's stock has increased by 5.73%, which is lower than the Computer and Technology sector's gain of 7.36% and higher than the S&P 500's gain of 3.55% [1] Group 2 - The upcoming earnings disclosure for ACMR is anticipated, with a forecasted EPS of $0.42, reflecting a 23.64% decline from the same quarter last year [2] - The Zacks Consensus Estimate projects revenue of $221.04 million, indicating a 9.17% increase from the previous year [2] Group 3 - For the entire fiscal year, earnings are projected at $2 per share, representing an 11.5% decrease, while revenue is expected to be $912.29 million, showing a 16.64% increase from the prior year [3] - Recent analyst estimate revisions suggest a positive outlook for ACMR's business [3] Group 4 - The Zacks Rank system, which evaluates estimate changes, indicates ACMR currently holds a Zacks Rank of 4 (Sell) [5] - The average Forward P/E ratio for ACMR is 12.86, aligning with the industry average, suggesting no significant deviation in valuation [6] Group 5 - The Semiconductor Equipment - Material Services industry, which includes ACMR, ranks in the bottom 5% of all industries according to the Zacks Industry Rank [6][7]

Group 1: Earnings Performance - ACM Research, Inc. reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.37 per share, but down from $0.52 per share a year ago, representing an earnings surprise of 24.32% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - ACM Research's revenues for the quarter ended March 2025 were $172.35 million, exceeding the Zacks Consensus Estimate by 6.06% and up from $152.19 million year-over-year [2] Group 2: Stock Performance and Outlook - ACM Research shares have increased approximately 32.7% since the beginning of the year, contrasting with the S&P 500's decline of -4.3% [3] - The future performance of the stock will depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $226.22 million, and for the current fiscal year, it is $2.15 on revenues of $928.32 million [7] Group 3: Industry Context - The Semiconductor Equipment - Material Services industry is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Core Viewpoint - ACM Research (ACMR) has shown strong preliminary first-quarter 2025 results, leading to positive market sentiment and a stock price increase of 5.1% due to robust revenue growth expectations [1][3]. Financial Performance - Preliminary revenue figures indicate a year-over-year growth of 8.4% to 11.7% for ACMR, driven by sustained customer demand and a favorable product mix [1]. - The company expects total revenues for 2025 to be between $850 million and $950 million, with an improved gross margin forecast of 42-48% [13]. Shipment and Market Dynamics - Despite anticipated shipment declines of 36% to 37%, ACMR attributes this to a temporary timing mismatch rather than a structural issue, with combined total shipments projected to increase by 8% to 9% year-over-year for Q4 2024 and Q1 2025 [2]. - Management expects shipment growth to resume in Q2 2025, supported by steady customer orders and ongoing expansion in the semiconductor industry [2]. Competitive Positioning - ACMR has outperformed its peers and the broader market, with a year-to-date stock increase of 28.6%, contrasting with declines in the Zacks Computer & Technology sector and the S&P 500 [3][4]. - The company holds a strong competitive position in the wafer cleaning market, generating $579 million in 2024, which accounts for 74% of total revenues and reflects a 43% growth over 2023 [10]. Market Expansion and Product Diversification - ACMR is strategically diversifying its product portfolio beyond core cleaning and plating segments, targeting a larger serviceable addressable market of $18 billion [12]. - New technologies such as Furnace, Track, PECVD, and LPCVD are gaining traction, with expectations for furnace revenues to grow in 2025 [12]. Valuation Metrics - ACMR shares are considered attractively valued, with a forward 12-month Price/Sales ratio of 1.16, significantly lower than the sector average of 5.60 [14]. - Compared to peers like Applied Materials and Lam Research, ACMR's valuation remains competitive, trading at a forward Price/Sales of 4X [14]. Earnings Estimates - The Zacks Consensus Estimate for Q1 2025 earnings is pegged at 37 cents per share, indicating a 28.9% decline year-over-year, although this figure has improved by 19 cents over the past 90 days [17].

Group 1: Company Overview - ACM Research, Inc. (ACMR) is a notable stock within the Computer and Technology sector, which consists of 608 individual stocks [2] - The company currently holds a Zacks Rank of 1 (Strong Buy), indicating a favorable earnings outlook [3] Group 2: Performance Metrics - Over the past three months, the Zacks Consensus Estimate for ACMR's full-year earnings has increased by 40.4%, reflecting improved analyst sentiment [4] - ACMR has achieved a year-to-date return of 22.2%, significantly outperforming the Computer and Technology sector's average return of -17.3% [4] Group 3: Industry Context - ACMR is part of the Semiconductor Equipment - Material Services industry, which ranks 1 in the Zacks Industry Rank, with an average gain of 4.2% this year [6] - In contrast, another stock in the Computer and Technology sector, Pitney Bowes (PBI), has returned 11.7% year-to-date and belongs to the Office Automation and Equipment industry, which ranks 208 [5][7]

Core Viewpoint - ACM Research (ACMR) shares are considered undervalued with a Value Score of B and a forward 12-month Price/Sales ratio of 1.4, significantly lower than the sector average of 5.49, indicating potential investment opportunities [1][3]. Financial Performance - ACMR shares have increased by 54.6% year-to-date, outperforming the Zacks Computer & Technology sector's decline of 11.7% and the Zacks Semiconductor Equipment - Material Services industry's return of 32.5% [3][4]. - The company expects total revenues for 2025 to be between $850 million and $950 million, with a gross margin improvement to 42-48% [14]. - The Zacks Consensus Estimate for 2025 revenues is $928.32 million, reflecting an 18.69% year-over-year increase, while earnings are expected to be $2.15 per share, a 19.4% increase year-over-year [15]. Market Position and Competitors - ACMR is positioned favorably against peers such as Applied Materials (AMAT), Lam Research (LRCX), and Tokyo Electron (TOELY), which have higher Price/Sales ratios of 4X, 5.19X, and 3.96X, respectively [1][3]. - The company has expanded its market presence, particularly in China, supported by a robust product portfolio and an increasing customer base [4][10]. Product Portfolio Expansion - ACMR has diversified its product offerings, including new semiconductor tools like Tahoe and Sulfuric Peroxide Mixture (SPM), targeting a serviceable available market of approximately $18 billion [7]. - Recent product qualifications include a Single-Wafer High-Temperature SPM tool and an Ultra Fn A Plasma-Enhanced Atomic Layer Deposition Furnace tool, enhancing its capabilities in advanced semiconductor applications [8][9]. Customer Relationships - Major customers such as Huahong Group, Semiconductor Manufacturing International Corporation (SMIC), and Yangtze Memory Technologies Co. significantly contribute to ACMR's revenue, with top customers accounting for over 10% of sales in 2024 [10][11][12]. - Huahong Group is the largest customer, contributing 15% of total sales, followed closely by SMIC at 14% [11]. Growth Outlook - ACMR maintains an optimistic outlook for 2025, focusing on growth opportunities and market expansion, supported by a diversified product portfolio and an expanding customer base [14][17]. - The company has a Zacks Rank 1 (Strong Buy) and a Growth Score of B, indicating a favorable investment opportunity [17].

Core Viewpoint - ACM Research (ACMR) has demonstrated strong performance with a 12.8% increase in share price over the past month, significantly outperforming the Zacks Computer & Technology sector and the Zacks Semiconductor Equipment - Material Services industry [1] Financial Performance - ACMR reported a 31% revenue growth in Q4 2024, driven by improved sales in key product lines such as single-wafer cleaning and electrochemical plating (ECP) technologies [2] - The company expects total revenues for 2025 to be between $850 million and $950 million, with a Zacks Consensus Estimate of $928.32 million, indicating an 18.69% year-over-year growth [9] - ACMR raised its gross margin outlook to 42-48% from the previous 40-45%, reflecting enhanced operational efficiency [10] Product Portfolio and Market Position - ACMR's diverse range of cleaning tools, including SAPS, TEBO, Tahoe, semi-critical, SPM, and Bevel Etch, provides a competitive edge in both China and the global market [3] - The company has developed a complete suite of cleaning tools, including Ultra C wb, Ultra C sb, and Ultra C pr models, addressing a wide range of customer requirements [4] - ACMR is expanding its Serviceable Available Market through innovations in semiconductor equipment, introducing advanced solutions like single-wafer wet cleaning tools and ECP systems [5] Customer Base - ACMR's revenue is significantly influenced by four key customers, each contributing at least 10% to total revenues, indicating a strong client base [6] - The Huahong Group is ACMR's largest customer in 2024, accounting for 15% of total sales, followed by Semiconductor Manufacturing International Corporation at 14% [7] - Yangtze Memory Technologies Co. and PXW each contributed 12% to ACMR's revenue in 2024, highlighting the company's integration into China's semiconductor supply chain [8] Future Outlook - Despite challenges from international trade policies and supply-chain constraints, ACMR maintains an optimistic outlook for 2025, focusing on growth opportunities and market expansion [9] - The consensus estimate for 2025 earnings is $2.15 per share, reflecting a 19.4% increase over the past 30 days [10] - ACMR has consistently beaten the Zacks Consensus Estimate in the trailing four quarters, with an average earnings surprise of 97.86% [11]