---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-032195"
form_type: "8-K"
ticker: "ACMR"
cik: "0001680062"
company_name: "ACM Research, Inc."
filed_at: "2025-08-21T23:59:59+00:00"
generated_at: "2026-05-17T10:53:03.427113+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ACM Shanghai Q2 revenue up ~40% sequentially, raises China SAM target to $7B

## Summary
- 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.

## SEC filing metadata
- accession: 0001140361-25-032195
- form_type: 8-K
- ticker: ACMR
- cik: 0001680062
- company_name: ACM Research, Inc.
- filed_at: 2025-08-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1680062/000114036125032195/0001140361-25-032195-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1680062/000114036125032195/ef20054319_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-032195
- JSON: https://secwatch.observer/filing/0001140361-25-032195.json
- Plain text: https://secwatch.observer/filing/0001140361-25-032195.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.