📊 ACMR Key Takeaways
Is ACM Research, Inc. (ACMR) a Good Investment?
ACM Research demonstrates respectable revenue growth of 15.2% YoY and healthy gross margins of 46.4%, supported by a fortress balance sheet with $872.3M cash and low leverage. However, critical red flags emerge from negative operating cash flow (-$29.5M) despite positive net income, declining EPS (-10.5% YoY), and severely depressed returns on capital (1.1% ROE, 0.6% ROA), signaling earnings quality concerns and poor capital efficiency that offset growth momentum.
ACM Research shows solid top-line growth, healthy gross margins, and a very strong balance sheet with high liquidity and low leverage. However, earnings quality is mixed because net income was flat, diluted EPS declined, and both operating cash flow and free cash flow turned negative, which raises concerns about cash conversion and the durability of growth.
ACM Research, Inc. Key Strengths (ACMR)
- Strong revenue growth of 15.2% YoY demonstrates durable market demand
- Fortress balance sheet: $872.3M cash, 3.51x current ratio, and minimal leverage at 0.15x debt-to-equity
- Healthy gross margins of 46.4% and exceptional interest coverage of 46.2x indicate operational viability
- Revenue grew 15.2% year over year with a strong 44.4% gross margin
- Balance sheet is conservatively positioned with $757.37M in cash, a 3.27x current ratio, and low 0.15x debt-to-equity
- Operating profitability remains solid with 12.1% operating margin and extremely strong 139.8x interest coverage
ACMR Stock Risks: ACM Research, Inc. Investment Risks
- Negative operating cash flow of -$29.5M despite positive net income represents major earnings quality red flag
- Free cash flow of -$51.7M shows company burning cash; unsustainable at current rate despite cash reserves
- Diluted EPS declining 10.5% YoY contradicts revenue growth, indicating persistent margin compression and shareholder dilution
- Operating cash flow was negative and free cash flow was -$66.61M, indicating weak cash generation relative to reported earnings
- Net income was flat year over year while diluted EPS fell 10.5%, suggesting dilution or weaker per-share earnings power
- Returns on capital remain modest with 6.4% ROE and 3.3% ROA, limiting evidence of strong capital efficiency
Key Metrics to Watch
- Operating cash flow turnaround - must return to positive to validate earnings quality and profitability sustainability
- Return on equity and asset efficiency - 1.1% ROE is dangerously low; capital reallocation urgently needed
- Working capital dynamics and inventory levels - to diagnose why cash flow deteriorated despite revenue and profit growth
- Operating cash flow and free cash flow conversion relative to net income
- EPS growth and margin stability as revenue scales
ACM Research, Inc. (ACMR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 3.51x current ratio provides a solid financial cushion.
ACMR Profit Margin, ROE & Profitability Analysis
ACMR vs Industrial Sector: How ACM Research, Inc. Compares
How ACM Research, Inc. compares to Industrial sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is ACM Research, Inc. Stock Overvalued? ACMR Valuation Analysis 2026
Based on fundamental analysis, ACM Research, Inc. has mixed fundamental signals relative to the Industrial sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
ACM Research, Inc. Balance Sheet: ACMR Debt, Cash & Liquidity
ACMR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: ACM Research, Inc.'s revenue has grown significantly by 247% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.16 reflects profitable operations.
ACMR Revenue Growth, EPS Growth & YoY Performance
ACMR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $172.3M | $17.3M | $0.24 |
| Q3 2025 | $204.0M | $30.9M | $0.45 |
| Q2 2025 | $202.5M | $24.2M | $0.35 |
| Q1 2025 | $152.2M | $17.4M | $0.26 |
| Q3 2024 | $168.6M | $25.7M | $0.39 |
| Q2 2024 | $144.6M | $24.2M | $0.35 |
| Q1 2024 | $74.3M | $7.1M | $0.11 |
| Q3 2023 | $133.7M | $21.0M | $0.32 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ACM Research, Inc. Dividends, Buybacks & Capital Allocation
ACMR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for ACM Research, Inc. (CIK: 0001680062)
📋 Recent SEC Filings
❓ Frequently Asked Questions about ACMR
What is the AI rating for ACMR?
ACM Research, Inc. (ACMR) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are ACMR's key strengths?
Claude: Strong revenue growth of 15.2% YoY demonstrates durable market demand. Fortress balance sheet: $872.3M cash, 3.51x current ratio, and minimal leverage at 0.15x debt-to-equity. ChatGPT: Revenue grew 15.2% year over year with a strong 44.4% gross margin. Balance sheet is conservatively positioned with $757.37M in cash, a 3.27x current ratio, and low 0.15x debt-to-equity.
What are the risks of investing in ACMR?
Claude: Negative operating cash flow of -$29.5M despite positive net income represents major earnings quality red flag. Free cash flow of -$51.7M shows company burning cash; unsustainable at current rate despite cash reserves. ChatGPT: Operating cash flow was negative and free cash flow was -$66.61M, indicating weak cash generation relative to reported earnings. Net income was flat year over year while diluted EPS fell 10.5%, suggesting dilution or weaker per-share earnings power.
What is ACMR's revenue and growth?
ACM Research, Inc. reported revenue of $231.3M.
Does ACMR pay dividends?
ACM Research, Inc. pays dividends, with $4.0M distributed to shareholders in the trailing twelve months.
Where can I find ACMR SEC filings?
Official SEC filings for ACM Research, Inc. (CIK: 0001680062) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is ACMR's EPS?
ACM Research, Inc. has a diluted EPS of $0.24.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is ACMR's fundamental grade?
Based on our AI fundamental analysis in June 2026, ACM Research, Inc. has a B grade with 73% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is ACMR stock overvalued or undervalued?
Valuation metrics for ACMR: ROE of 1.1% (sector avg: 15%), net margin of 7.5% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is ACMR's AI grade for 2026?
Our dual AI analysis gives ACM Research, Inc. a combined B grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is ACMR's free cash flow?
ACM Research, Inc.'s operating cash flow is $-29.5M, with capital expenditures of $22.2M. FCF margin is -22.4%.
How does ACMR compare to other Industrial stocks?
Vs Industrial sector averages: Net margin 7.5% (avg: 10%), ROE 1.1% (avg: 15%), current ratio 3.51 (avg: 1.8).