ACM Research, Inc. (ACMR) Form 10-Q — Nov 6, 2026
ACM Research reported Q3 2026 revenue of $367.7 million, up 36.6% year over year, driven by strong mainland China semiconductor equipment demand, with nine-month revenue up 35.8% to $891.9 million. However, Q3 net income attributable to ACMR collapsed to $1.5 million ($0.02 diluted EPS) from $35.9 million a year ago, primarily due to a $39.1 million unrealized loss on Shanghai-listed equity investments and a $7.1 million loss from equity method investments. The company holds $1.28 billion in cash and time deposits, but nine-month free cash flow worsened to -$223.5 million on working capital build (inventories and receivables) and higher capex.
Key figures
- Eps
- 0.02
- Revenue
- 367687
- Guidance
- Gross margin expected between 42.0% and 48.0% for the foreseeable future
- Net Income
- 1544
- Total Debt
- 343143
- Revenue Yoy
- 36.6% (Q3)
- Total Assets
- 3592114
- Cash Position
- 884934
- Gross margin q3
- 41.5%
- Q3 2025 revenue
- 269160
- Nine month revenue
- 891869
- Nine month eps basic
- 1.59
- Shipments nine months
- 865700
- Nine month revenue yoy
- 35.8%
- Shares outstanding class a
- 65019350
- Shares outstanding class b
- 4991808
- Adjusted ebitda nine months
- 172807
- Acmr ownership in acm shanghai
- 72.8%
- Q3 2025 net income attributable
- 35889
- Nine month net income attributable
- 107835
AI analysis
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