Is ACM Research (ACMR) overvalued or fairly valued?

MarketChacha shows ACM Research's valuation in context — a trailing P/E of about 60.1, a forward P/E of about 40.0, a price-to-book of about 3.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is ACM Research's revenue?

ACM Research reported revenue of $901.3M for FY2025, with net profit of $94.1M, per official filings.

What is the share price of ACM Research (ACMR)?

ACM Research last traded at $90.23 (-5.3% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

ACM Research

ACMR · NYSE · Technology · United States

$90.23-5.3%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:29 PM

Snapshot

TickerACMR

ExchangeNYSE

SectorTechnology

IndustrySemiconductor Equipment & Materials

CountryUnited States

CEOMr. Jian Wang

Employees2,513

HeadquartersFremont, United States

Market cap$6.2B

P/E (TTM)60.1

P/B3.8

Volume428.43K

Websitewww.acmr.com

Filings tracked11

About ACM Research

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms; Space Alternated Phase Shift, technology for flat and wafer surfaces; timely energized bubble oscillation, technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools. It also offers advanced packaging equipment, such as coaters, developers, photoresist strippers, scrubbers, wet etchers and copper-plating equipment; and advanced packaging products include: Ultra ECP ap, which delivers a uniform metal layer to finished wafers prior to packaging; Ultra C Developer, which applies liquid developer to selected parts of photoresist to resolve an image; Ultra C PR Megasonic-Assisted Stripper, which removes photoresist; Ultra C Scrubber, which scrubs and cleans wafers; Ultra C Thin Wafer Scrubber, which addresses a sub-market of cleaning very thin wafers for certain Asian assembly factories; and Ultra C Wet Etcher, which etches silicon wafers and copper and titanium interconnects. In addition, the company provides ECP technology for advanced metal plating; Ultra fn Furnace, a dry processing tool; Ultra Pmax PECVD tools, a proprietary designed chamber, gas distribution unit, and chuck; and Ultra Track, a 300mm process tool that delivers uniform air downflow, fast robot handling and configurable software to address specific customer requirements. It markets and sells its products under the SAPS, TEBO, ULTRA C, ULTRA Fn, Ultra ECP, Ultra ECP map, and Ultra ECP ap trademarks through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders12.8%
Institutions77.1%
Public & other10.2%

430 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.13.04%
Vanguard Capital Management LLC3.70%
Vanguard Portfolio Management LLC3.60%
State Street Corporation3.28%
WCM Investment Management, LLC3.04%
Geode Capital Management, LLC2.24%
Morgan Stanley1.95%
Janus Henderson Group PLC1.77%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Over 3 years only 0.24× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion0.24×

Net margin trend13.9% → 10.4%

Margin has compressed by about 3.4 points over the period — profitability is trending down.

Return on equity6.4%

Latest ROE of 6.4% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 27% · PAT 10%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $324.6M · EPS 0.47

Est. earnings growth +31.5%

Next fiscal year

Rev $1.5B · EPS 2.25

Est. earnings growth +34.4%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$23.0352-wk range$127.19

Delayed · as reported by Yahoo Finance

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$6.2B

Day change

-5.3%

P/E (TTM)

60.1

Fwd P/E

40.0

P/B

3.8

Beta

1.90

Revenue (FY2025)

$901.3M

Net margin

10.4%

ROE

6.4%

Revenue CAGR (2y)

+27.1%

Profit CAGR (2y)

+10.3%

EPS (FY2025)

1.37

Net profit (FY2025)

$94.1M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$901.3M	$94.1M	1.37	10.4%	6.4%
FY2024	$782.1M	$103.6M	1.53	13.2%	11.5%
FY2023	$557.7M	$77.3M	1.16	13.9%	10.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$231.3M	$17.3M	0.24	7.5%
2025Q3	$269.2M	$35.9M	0.52	13.3%
2025Q2	$215.4M	$29.8M	0.44	13.8%
2025Q1	$172.3M	$20.4M	0.30	11.8%
2024Q3	$204.0M	$30.9M	0.45	15.2%
2024Q2	$202.5M	$24.2M	0.35	12.0%
2024Q1	$152.2M	$17.4M	0.26	11.5%
2023Q3	$168.6M	$25.7M	0.39	15.2%
2023Q2	$144.6M	$26.8M	0.41	18.6%
2023Q1	$74.3M	$7.1M	0.11	9.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events, Exhibits
SEC6/22/2026material
8-K — Shareholder vote results
SEC6/12/2026material
8-K — Other events, Exhibits
SEC5/29/2026material
8-K — Other events, Exhibits
SEC5/22/2026material
8-K — Other events
SEC5/15/2026material
8-K — Material agreement, Exhibits
SEC5/12/2026material
10-Q filing
SEC5/8/2026
8-K — Results of operations, Exhibits
SEC5/7/2026material
8-K — Results of operations, Exhibits
SEC4/27/2026material
8-K — Other events, Exhibits
SEC4/17/2026material
8-K — Other events, Exhibits
SEC3/24/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.