earnings
confidence high
sentiment positive
materiality 0.75
ACM Shanghai Q2 revenue up ~40% sequentially, raises China SAM target to $7B
ACM Research, Inc.
2025-Q2 EPS
reported $0.74
vs consensus $0.51
▲ beat
(+44.4%)
- Q2 2025 revenue grew nearly 40% sequentially, led by cleaning and electroplating equipment.
- Long-term SAM in China raised from $5B to $7B based on third-party data and equipment market estimate of $40B by 2030.
- Full-year revenue guidance maintained at RMB 6.5–7.1B; any revision depends on H2 performance.
- Lingang Factory A at full RMB 10B capacity; Factory B to add RMB 20B capacity, expected production in H2 2026.
- Differences in quarterly reports between ACM Shanghai (PRC GAAP) and ACMR (US GAAP) due to revenue recognition timing for repeat orders.
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