ACM Research has 34% Q1 revenue growth, 54% shipment growth, a billion-dollar cash stack, and a widening semiconductor equipment portfolio. The decision point is whether a China-centered operating model can turn that momentum into global, repeatable, per-share earnings growth.
References
Sources used in this report
SEC submissionsSEC submissions API for ACM Research, Inc.2026-05-13 · Issuer identity, filing history, CIK, SIC, fiscal year, and recent filing set.SEC XBRL companyfactsSEC companyfacts API for ACM Research, Inc.2026-05-13 · Financial statement cross-checks and XBRL fact baseline.Annual reportFY2025 Form 10-K2026-03-02 · Business model, product categories, revenue mix, customer concentration, risks, competition, ACM Shanghai structure, and financials.Quarterly reportQ1 2026 Form 10-Q2026-05-08 · Quarterly financial statement and balance-sheet baseline.Earnings releaseQ1 2026 earnings release exhibit2026-05-07 · Q1 revenue, shipments, margins, cash, guidance, product mix, and recent operating highlights.Earnings releaseFY2025 earnings release exhibit2026-02-26 · FY2025 revenue, product mix, profitability, cash, shipment context, and 2026 outlook.Company updatePreliminary Q1 2026 revenue and shipment release2026-04-27 · Preliminary revenue and shipment ranges, reaffirmed outlook, and ACM Shanghai contribution context.Current reportMay 2026 registered direct offering Form 8-K2026-05-12 · Offering size, price, expected proceeds, use of proceeds, and lock-up context.Prospectus supplementMay 2026 prospectus supplement2026-05-12 · Offering summary, Nasdaq listing, use of proceeds, and risk-factor boundary.Proxy statement2026 proxy statement2026-04-27 · Annual meeting agenda, dual-class voting rights, executive and governance context.