Welcome to our dedicated page for Acm Research SEC filings (Ticker: ACMR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
ACM Research, Inc. filings document the company’s semiconductor process-equipment business, reported operating results, governance matters, and capital-structure events tied to its U.S.-listed parent company and ACM Research (Shanghai), Inc. Forms 8-K furnish quarterly and annual results releases, preliminary revenue and shipment disclosures, subsidiary public-market announcements, and completed changes in ACM’s ownership interest in ACM Shanghai.
Proxy filings cover annual meeting proposals, including director elections and auditor ratification. The filing record also includes disclosures on ACM Shanghai’s STAR Market listing context, shareholder voting matters, material-event reporting, and related governance and ownership information for the company’s operating structure.
ACM Research director Charles C. Pappis reported a stock option exercise and related share sale. On March 5, 2026, he exercised a previously issued option for 5,000 shares of Class A Common Stock, receiving the shares at an exercise price of $29.1800 per share.
That same day, he sold 5,000 shares of Class A Common Stock in an open-market transaction at $50.0900 per share, leaving him with 0 shares directly owned after the transactions. The sale was carried out under a pre-established Rule 10b5-1 trading plan adopted on November 20, 2025, and the option was fully vested and exercisable.
ACM Research, Inc. officer Lisa Feng exercised stock options and sold shares of Class A Common Stock. On March 5 and 6, 2026, she exercised options for a total of 30,000 shares of Class A Common Stock at an exercise price of $4.55 per share through derivative conversions.
Over those two days she sold a total of 30,000 shares of Class A Common Stock in open-market transactions at weighted average prices ranging from $45.51 to $50.54, under a Rule 10b5‑1 trading plan adopted on December 2, 2025. Following these transactions, she directly holds 50,001 shares of Class A Common Stock.
Lisa Yi Lu Feng reported an intended sale of 15,000 common shares of ACMR via stock option exercise on 03/06/2026 through Morgan Stanley Smith Barney LLC. The filing lists proceeds of $691,173.00. The record also shows a sale of 15,000 common shares on 03/05/2026 with proceeds of $750,148.50.
ACM Research, Inc. is a Delaware-based supplier of advanced semiconductor manufacturing equipment that operates mainly through its 74.6%-owned subsidiary ACM Shanghai, which is listed on Shanghai’s STAR Market. The company focuses on wet cleaning, plating, furnace, PECVD, track and advanced packaging tools used in front-end and packaging processes.
In 2025, revenue was driven by single-wafer cleaning, Tahoe and semi‑critical cleaning equipment at $626.0 million, ECP, furnace and other technologies at $199.6 million, and advanced packaging, services and spares at $75.8 million. ACM estimates its current portfolio addresses about $21 billion of the 2025 global wafer fab equipment market, while Gartner pegs the overall market at $123.9 billion in 2025.
The business is heavily concentrated in Asia, particularly mainland China, and faces significant regulatory and geopolitical risk. ACM Shanghai and ACM Korea were added to the BIS Entity List in December 2024, restricting access to items subject to U.S. export controls. The company also highlights exposure to evolving mainland China regulations, potential HFCA Act-related trading prohibitions if PCAOB access changes, and broader U.S.–China trade, outbound investment and data-security regimes that could materially affect operations or even render Class A shares significantly less valuable or worthless.
ACM Research reported record 2025 revenue but weaker profitability. Full-year revenue reached $901.3 million, up 15.2% from 2024, with fourth-quarter revenue of $244.4 million, up 9.4%. Growth was driven by single-wafer cleaning, Tahoe and semi-critical tools, electrochemical plating, furnace technologies, and advanced packaging, services and spares.
Profitability softened as 2025 GAAP gross margin declined to 44.4% from 50.1%, and operating income fell to $109.4 million from $151.0 million. GAAP net income attributable to ACM Research, Inc. dipped to $94.1 million, with diluted EPS of $1.37 versus $1.53 a year earlier. The company ended 2025 with $1.13 billion in cash, restricted cash, and time deposits and net cash of $845.5 million, aided by a private offering at ACM Research (Shanghai), Inc. and a February 2026 sale of about 4.8 million ACM Shanghai shares for roughly $111 million.
Management is maintaining 2026 revenue guidance of $1.08 billion to $1.175 billion, implying 21–30% growth, and highlighted new tool shipments, expanding advanced packaging orders, and ongoing investment in an Oregon facility expected to begin operations in the second half of 2026.
ACM Research reported record 2025 revenue but weaker profitability. Full-year revenue reached $901.3 million, up 15.2% from 2024, with fourth-quarter revenue of $244.4 million, up 9.4%. Growth was driven by single-wafer cleaning, Tahoe and semi-critical tools, electrochemical plating, furnace technologies, and advanced packaging, services and spares.
Profitability softened as 2025 GAAP gross margin declined to 44.4% from 50.1%, and operating income fell to $109.4 million from $151.0 million. GAAP net income attributable to ACM Research, Inc. dipped to $94.1 million, with diluted EPS of $1.37 versus $1.53 a year earlier. The company ended 2025 with $1.13 billion in cash, restricted cash, and time deposits and net cash of $845.5 million, aided by a private offering at ACM Research (Shanghai), Inc. and a February 2026 sale of about 4.8 million ACM Shanghai shares for roughly $111 million.
Management is maintaining 2026 revenue guidance of $1.08 billion to $1.175 billion, implying 21–30% growth, and highlighted new tool shipments, expanding advanced packaging orders, and ongoing investment in an Oregon facility expected to begin operations in the second half of 2026.
ACM Research reported record 2025 revenue but weaker profitability. Full-year revenue reached $901.3 million, up 15.2% from 2024, with fourth-quarter revenue of $244.4 million, up 9.4%. Growth was driven by single-wafer cleaning, Tahoe and semi-critical tools, electrochemical plating, furnace technologies, and advanced packaging, services and spares.
Profitability softened as 2025 GAAP gross margin declined to 44.4% from 50.1%, and operating income fell to $109.4 million from $151.0 million. GAAP net income attributable to ACM Research, Inc. dipped to $94.1 million, with diluted EPS of $1.37 versus $1.53 a year earlier. The company ended 2025 with $1.13 billion in cash, restricted cash, and time deposits and net cash of $845.5 million, aided by a private offering at ACM Research (Shanghai), Inc. and a February 2026 sale of about 4.8 million ACM Shanghai shares for roughly $111 million.
Management is maintaining 2026 revenue guidance of $1.08 billion to $1.175 billion, implying 21–30% growth, and highlighted new tool shipments, expanding advanced packaging orders, and ongoing investment in an Oregon facility expected to begin operations in the second half of 2026.