earnings
confidence high
sentiment negative
materiality 0.75
ACM Research Q4 2025 GAAP net income falls 74% YoY; FY revenue record $901M but margins shrink
ACM Research, Inc.
2025-FY EPS
reported $1.37
vs consensus $0.41
▲ beat
(+235.8%)
- Q4 2025 GAAP diluted EPS $0.11 vs $0.46 YoY; net income $8M vs $31M.
- FY2025 revenue $901M (+15% YoY); GAAP net income $94M (-9% YoY).
- GAAP gross margin FY2025 44.4% vs 50.1% in 2024; Q4 40.9% vs 49.6%.
- Maintains FY2026 revenue guidance $1.08-$1.175B (21-30% growth).
- Sold ~1.3% ACM Shanghai stake for ~$111M in Feb 2026; ended FY with $845M net cash.