- ACM Research (ACMR) Q1 2025 revenue increased by 13.2% year-over-year to $172.3 million.
- The company reported a strong cash position of $498.4 million, up from $441.9 million in December 2024.
- Gross margin was 47.9%, which exceeded the long-term target range of 42-48%.
ACM Research, Inc. (ACMR), a prominent supplier of wafer processing solutions for semiconductor and advanced packaging applications, announced robust financial results for Q1 2025, ending March 31, 2025. The company reported a 13.2% increase in revenue to $172.3 million compared to the same period last year, achieving a GAAP net income of $20.4 million with earnings per diluted share at $0.30.
Despite a decline in gross margin from 52.0% in the previous year to 47.9%, the figure still surpassed ACM's long-term target range of 42-48%. This reveals the company's effective pricing power despite competitive pressures in the semiconductor market. The company ended the quarter with $498.4 million in cash and equivalents, indicating a robust financial footing for future research and development investments, particularly in its Oregon facility intended for global customer service.
ACM's technical achievements during the quarter comprised the qualification of its high-temperature SPM tool by a major logic customer in China, and the reception of the 2025 3D InCites Technology Enablement Award for its innovative Ultra ECP ap-p tool. The company also gained customer acceptance for its backside/bevel etch tool from a U.S. customer, contributing to its strategic expansion beyond the Chinese market.
While total shipments decreased to $157 million from $245 million year-over-year, ACM anticipates a return to shipment growth in Q2 2025. For fiscal year 2025, ACM maintains its revenue guidance between $850 million and $950 million, reflecting management's confidence in the company's growth trajectory fueled by strategic product innovations and market expansions.
