ACM Research, Inc. (ACMR) announced a revised revenue outlook for fiscal 2025 and a first‑look projection for 2026 before the market opened on January 22, 2026. The company raised its full‑year 2025 revenue guidance to a $885‑$900 million range, up from the prior $875‑$925 million band, and set a 2026 revenue outlook of $1,080‑$1,175 million. The update signals management’s confidence in continued growth driven by investments in production capacity and market‑share gains from newer products such as single‑wafer SPM cleaning tools, Tahoe cleaning tools, and the Furnace series.
ACM’s Q3 2025 results, released earlier in the year, showed revenue of $269.2 million—an increase of 31.96% year‑over‑year—and a gross margin of 42.1%, the lower end of the company’s target range due to a mix shift and inventory provisions. The company’s earnings per share for Q3 2025 were $0.36, missing the consensus estimate of $0.47 by $0.11, reflecting the impact of higher cost inputs and a weaker mix in certain product lines.
Management explained that the upward revision of the 2025 outlook reflects stronger demand in the semiconductor equipment market, particularly from customers investing in advanced packaging and front‑end processing. CEO Dr. David Wang noted that “we plan for a higher revenue growth rate in 2026 amidst healthy investments in production capacity and market‑share gains from our newer products.” He added that the company is accelerating investments in Oregon to support the industry’s shift toward domestic semiconductor production, which should help mitigate supply‑chain constraints and support future revenue growth.
The 2026 revenue projection represents an acceleration relative to the 2025 outlook, driven by expected demand for the new product lines and continued expansion of the company’s customer base. The guidance also reflects management’s assessment that international trade policies and supply‑chain constraints will remain manageable, allowing the company to maintain its pricing power and margin targets. The company’s gross margin guidance for 2026 is not disclosed, but the management commentary suggests confidence in sustaining margin levels through operational efficiencies and cost control measures.
The announcement of the revised outlook precedes the scheduled Q4 2025 earnings release, which is expected in late February 2026. Investors will be able to compare the updated guidance with the actual Q4 results once they are released, providing a clearer view of ACM’s performance trajectory and management’s execution of its growth strategy.
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