ACMR (ACM Research, Inc.) Stock Financials & Earnings | Market Cap Arena

ACMR (ACM Research, Inc.) Stock Financials & Earnings | Market Cap Arena

ACMRACM Research, Inc.

Mkt Cap$3B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Revenue (TTM)$901M

Net Income (TTM)$94M

EPS (TTM)$1.37

Free Cash Flow (TTM)-$69M

Gross Margin44.4%

Op. Margin12.1%

Net Margin10.4%

FCF Margin-7.6%

P/S Ratio (TTM)3.6x

P/E Ratio (TTM)34.0x

YoY Rev Growth+15.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$74M	$40M	$9M
Q2 23	$145M	$69M	$30M
Q3 23	$169M	$89M	$33M
Q4 23	$170M	$79M	$23M
Q1 24	$152M	$79M	$25M
Q2 24	$202M	$97M	$38M
Q3 24	$204M	$105M	$44M
Q4 24	$223M	$111M	$44M
Q1 25	$172M	$83M	$26M
Q2 25	$215M	$104M	$32M
Q3 25	$269M	$113M	$29M
Q4 25	$244M	$100M	$23M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.6x	61.3x
Q2 23	6.9x	47.9x
Q3 23	6.5x	44.8x
Q4 23	5.7x	41.4x
Q1 24	5.0x	36.5x
Q2 24	4.6x	37.6x
Q3 24	4.4x	35.5x
Q4 24	4.1x	30.9x
Q1 25	4.0x	30.0x
Q2 25	3.9x	28.5x
Q3 25	3.6x	27.3x
Q4 25	3.6x	34.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$30M	-$46M
Q2 23	$11M	$3M
Q3 23	-$18M	-$46M
Q4 23	-$38M	-$52M
Q1 24	-$10M	-$36M
Q2 24	$62M	$48M
Q3 24	$12M	-$21M
Q4 24	$89M	$76M
Q1 25	$5M	-$12M
Q2 25	-$45M	-$60M
Q3 25	-$5M	-$16M
Q4 25	$34M	$19M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$15M
Q2 23	$8M
Q3 23	$28M
Q4 23	$13M
Q1 24	$26M
Q2 24	$14M
Q3 24	$33M
Q4 24	$13M
Q1 25	$17M
Q2 25	$15M
Q3 25	$11M
Q4 25	$15M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+76.0%	+27.0%
Q2 23	+38.5%	+35.3%
Q3 23	+26.1%	+32.6%
Q4 23	+56.9%	+59.9%
Q1 24	+105.0%	+94.1%
Q2 24	+40.0%	+44.5%
Q3 24	+21.0%	+18.0%
Q4 24	+31.2%	+22.1%
Q1 25	+13.2%	+15.4%
Q2 25	+6.4%	+11.4%
Q3 25	+32.0%	+50.3%
Q4 25	+9.4%	+23.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	2.8%
Q2 23	$2M	1.4%
Q3 23	$11M	6.3%
Q4 23	$13M	7.4%
Q1 24	$15M	9.6%
Q2 24	$14M	7.1%
Q3 24	$12M	5.8%
Q4 24	$9M	3.9%
Q1 25	$10M	5.7%
Q2 25	$10M	4.5%
Q3 25	$8M	2.8%
Q4 25	$6M	2.6%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$14M	$8M	$9M
Q2 23	$20M	$7M	$11M
Q3 23	$26M	$12M	$17M
Q4 23	$32M	$14M	$9M
Q1 24	$24M	$16M	$14M
Q2 24	$26M	$16M	$17M
Q3 24	$28M	$17M	$16M
Q4 24	$28M	$21M	$18M
Q1 25	$28M	$13M	$16M
Q2 25	$34M	$17M	$22M
Q3 25	$40M	$22M	$22M
Q4 25	$44M	$17M	$16M

Revenue Segments

Quarter	Advanced Packaging (exclude ECP), Services & Spares	ECP Front End And Packaging Furnace And Other Technologies	Total Single Wafer and Semi-Critical Cleaning Equipment
Q1 23	$11M	$27M	$37M
Q2 23	$13M	$19M	$113M
Q3 23	$11M	$26M	$132M
Q1 24	$17M	$26M	$109M
Q2 24	$10M	$39M	$153M
Q3 24	$8M	$35M	$161M
Q4 24	$17M	$52M	$155M
Q1 25	$15M	$28M	$130M
Q2 25	$12M	$48M	$155M
Q3 25	$28M	$60M	$182M
Q4 25	$21M	$64M	$160M

Revenue by Geography

Quarter	China	Oher Regions	Other Regions
Q1 23	$72M	$2M	—
Q2 23	$135M	$10M	—
Q3 23	$168M	$267K	—
Q1 24	$152M	$56K	—
Q2 24	$197M	$6M	—
Q3 24	$204M	—	$304K
Q4 24	$223M	$665K	—
Q1 25	$169M	—	$3M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$260M	$16M	$276M
Q2 23	$257M	$12M	$270M
Q3 23	$207M	$97M	$305M
Q4 23	$182M	$102M	$284M
Q1 24	$211M	$67M	$278M
Q2 24	$324M	$47M	$371M
Q3 24	$333M	$41M	$374M
Q4 24	$407M	$37M	$444M
Q1 25	$457M	$36M	$493M
Q2 25	$453M	$52M	$505M
Q3 25	$1.1B	$71M	$1.1B
Q4 25	$766M	$402M	$1.2B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	65M	+1.3%
Q2 23	65M	-0.2%
Q3 23	65M	+0.8%
Q4 23	66M	+0.7%
Q1 24	66M	+0.5%
Q2 24	67M	+1.2%
Q3 24	67M	-0.6%
Q4 24	67M	-0.2%
Q1 25	67M	+0.7%
Q2 25	67M	+0.8%
Q3 25	68M	+1.4%
Q4 25	69M	+0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 15	—	—
FY 16	—	—
FY 17	$191K	191
FY 18	$273K	273
FY 19	$298K	361
FY 20	$288K	543
FY 21	$296K	877
FY 22	$322K	1K
FY 23	$351K	2K
FY 24	$387K	2K
FY 25	$359K	3K