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Jun 30, 2025
ACM Research Q2 2025 Earnings Report
ACM Research reported solid Q2 results with strong net income and continued product traction.
Key Takeaways
ACM Research delivered steady growth in Q2 2025, with higher revenue and net income driven by strength in single wafer cleaning and plating tools, while maintaining healthy gross margins.
Repeat orders for upgraded Ultra C wb Wet Bench tool confirmed
Revenue grew to $215.4M with strong demand across product lines
Gross margin exceeded long-term target range at 48.5%
Operating expenses increased due to higher R&D and sales investments
Revenue by Segment
Forward Guidance
ACM maintained its full-year 2025 revenue guidance between $850M and $950M.
Positive Outlook
- Raised long-term revenue target for China
- Strong customer engagement across multiple new platforms
- Momentum in 3D NAND, DRAM, and logic device markets
- Tool deliveries planned to U.S. in Q3
- Repeat orders for upgraded tools showing strong product adoption
Challenges Ahead
- Increased operating expenses impacting margins
- Potential risks from international trade policy
- Supply chain constraints remain a factor
- Timing of tool acceptances may affect revenue recognition
- Fluctuations in product mix could impact gross margin variability
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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