secwatch.observer — SEC 8-K summary
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Issuer:     ACM Research, Inc. (ACMR)
CIK:        0001680062
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001628280-26-011998
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACM Research Q4 2025 GAAP net income falls 74% YoY; FY revenue record $901M but margins shrink
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680062/000162828026011998/0001628280-26-011998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680062/000162828026011998/acmr-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-011998

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer