secwatch / observer

ACM Research, Inc. — fact timeline

Source-grounded facts extracted from ACM Research, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

ACMR ACM Research, Inc. JSON
Shareholder Votes

ACM Research, Inc. shareholders approved Ratification of appointment of Ernst & Young Hua Ming LLP as independent auditor for fiscal year 2026 at the 2026-06-10 meeting.

“Proposal 2. Stockholders ratified the appointment of Ernst & Young Hua Ming LLP as our independent auditor for the fiscal year ending December 31, 2026 by the following vote: For Against Abstain Ratification of Appointment of Ernst & Young Hua Ming LLP for 2026 135,717,653 40,635 56,209”
Shareholder Votes

ACM Research, Inc. shareholders approved Election of Directors at the 2026-06-10 meeting.

“Proposal 1. Stockholders voted as follows with respect to the election of each of the nominees for director identified in the proxy statement: Nominee For Withhold Broker Non-Votes David H. Wang 122,956,333 6,072,472 6,785,692 Haiping Dun 125,995,407 3,033,398 6,785,692 Tracy Liu 121,026,446 8,002,359 6,785,692 Charles Pappis 117,316,569 11,712,236 6,785,692”
Material Agreements

ACM Research, Inc. entered into Securities Purchase Agreement with certain U.S. institutional investors named therein managed by Tekne Capital Management, LLC valued at approximately $149,849,980 million (effective 2026-05-12).

“On May 12, 2026, ACM Research, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain U.S. institutional investors named therein managed by Tekne Capital Management, LLC (the “Investors”).”
Earnings Releases

ACM Research, Inc. reported first quarter ended March 31, 2026 results: revenue $231,263, net income $17,307, EPS $0.24. Guidance reaffirmed.

“requirements across a broad and expanding global customer base.” Three Months Ended March 31, GAAP Non-GAAP(1) 2026 2025 2026 2025 (dollars in thousands, except EPS) Revenue $ 231,263 $ 172,347 $ 231,263 $ 172,347 Gross margin 46.4 % 47.9 % 46.5 % 48.2 % Income from operations $ 36,177 $ 25,777 $ 41,798 $ 35,594 Net income attributable to ACM Research, Inc. $”
Earnings Releases

ACM Research, Inc. reported full year 2026 results: revenue in the range of $1.08 billion to $1.175 billion. Guidance reaffirmed.

“re-affirms full year 2026 revenue outlook in the range of $1.08 billion to $1.175 billion”
Earnings Releases

ACM Research, Inc. reported first quarter of 2026 results: revenue in the range of $225 million to $230 million.

“preliminary unaudited revenue for the first quarter of 2026 is expected to be in the range of $225 million to $230 million”

Chenming C. Hu departed as Director at ACM Research, Inc..

“provided the Board with notice of his intent not to stand for reelection to the Board at the 2025 Annual Meeting of Stockholders.”

Charles Pappis was appointed as member of the Board and its Audit Committee at ACM Research, Inc..

“The Board of Directors (the “Board”) of ACM Research, Inc. (the “Company”) has appointed Charles Pappis to serve as a member of the Board and its Audit Committee, effective March 15, 2025.”

Xiao Xing resigned as Director at ACM Research, Inc..

“Xiao Xing has provided notice to the Board of Directors (the “Board”) of ACM Research, Inc. (the “Company”) that she will resign as a member of the Board and the Audit Committee, effective November 15, 2024.”
Earnings Releases

ACM Research, Inc. reported first quarter ended March 31, 2024 results: revenue $ 152,191, net income $ 17,433, EPS $ 0.26.

“Three Months Ended March 31, GAAP Non-GAAP(1) 2024 2023 2024 2023 (dollars in thousands, except EPS) Revenue $ 152,191 $ 74,256 $ 152,191 $ 74,256”
Earnings Releases

ACM Research, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.

“On February 28, 2024, we issued a press release announcing financial results for the fourth quarter and fiscal year ended December 31, 2023.”
Earnings Releases

ACM Research, Inc. reported full year 2024 results: revenue $650 million to $725 million. Guidance initiated.

“ACM also announced that it expects revenue for the full year 2024 to be in the range of $650 million to $725 million.”
Earnings Releases

ACM Research, Inc. reported full year 2023 results: revenue $530 million to $545 million. Guidance raised.

“ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today has updated its full year 2023 revenue outlook to a range of $530 million to $545 million, versus a range of $520 million to $540 million as was provided in ACM’s third quarter 2023 earnings release issued on November 7, 2023.”
Earnings Releases

ACM Research, Inc. reported the third quarter ended September 30, 2023 results: revenue $168,569, net income $25,679, EPS $0.39 per diluted share.

“On November 7, 2023, we issued a press release announcing financial results for the third quarter of 2023. The full text of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference .”
Earnings Releases

ACM Research, Inc. reported third quarter of 2023 results: revenue $165 million to $168 million.

“ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its preliminary unaudited revenue for the third quarter of 2023 is expected to be in the range of $165 million to $168 million.”
Auditor Changes

ACM Research, Inc. engaged Ernst & Young Hua Ming LLP as its auditor.

“the Audit Committee approved the engagement of Ernst & Young Hua Ming LLP ("E&Y") as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The engagement of E&Y became effective on September 20, 2023.”
Earnings Releases

ACM Research, Inc. reported second quarter ended June 30, 2023 results: revenue $ 144,577, net income $ 26,825, EPS Basic EPS $ 0.45.

“our operations in Korea to support the global market opportunity.” Three Months Ended June 30, GAAP Non-GAAP(1) 2023 2022 2023 2022 (dollars in thousands, except EPS) Revenue $ 144,577 $ 104,395 $ 144,577 $ 104,395 Gross margin 47.5 % 42.3 % 47.6 % 42.4 % Income from operations $ 30,430 $ 20,035 $ 32,447 $ 22,004 Net income attributable to ACM Research, Inc. $”
Material Agreements

ACM Research, Inc. entered into RMB Working Capital Loan Contract with China CITIC Bank Co., Ltd. valued at RMB 200 million (approximately $28 million based on currency exchange rates as of July 25, 2023) (effective 2023-07-25).

“On July 25, 2023, we entered into a RMB Working Capital Loan Contract (the “ Loan Contract”) with China CITIC Bank Co., Ltd. (“ China CITIC Bank ”). The Loan Contract provides for a RMB 200 million (approximately $28 million based on currency exchange rates as of July 25, 2023) loan credit facility, which term expires on December 21, 2025”
Auditor Changes

Armanino LLP resigned as auditor of ACM Research, Inc..

“During the year ended December 31, 2022, and through the date of Armanino’s notification of resignation, there were no (a) disagreements with Armanino on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Armanino’s satisfaction, would have caused Armanino to make reference to the subject matter”
Shareholder Votes

ACM Research, Inc. shareholders approved Ratification of Appointment of Armanino LLP as independent auditor for fiscal year ending December 31, 2023 at the 2023-06-15 meeting.

“Ratification of Appointment of Armanino LLP for 2023 131,332,212 46,344 22,757”
Shareholder Votes

ACM Research, Inc. shareholders approved Election of Directors at the 2023-06-15 meeting.

“Nominee For Withhold Broker Non-Votes David H. Wang 117,716,118 5,697,958 7,987,237 Haiping Dun 122,777,769 636,307 7,987,237 Chenming C. Hu 116,232,176 7,181,900 7,987,237 Tracy Liu 117,567,952 5,846,124 7,987,237 Xiao Xing 123,076,893 337,183 7,987,237”
Earnings Releases

ACM Research, Inc. reported first quarter ended March 31, 2023 results: revenue $74,256, net income $7,145, EPS $0.12.

“and initial contribution from certain international customers.” Three Months Ended March 31, GAAP Non-GAAP(1) 2023 2022 2023 2022 (dollars in thousands, except EPS) Revenue $ 74,256 $ 42,186 $ 74,256 $ 42,186 Gross margin 53.8 % 46.7 % 54.0 % 46.9 % Income (loss) from operations $ 8,862 $ (9,306 ) $ 10,930 $ (7,932 ) Net income (loss) attributable to ACM”
Earnings Releases

ACM Research, Inc. reported first quarter 2023 results: revenue $70 million to $74 million.

“ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging (WLP) applications, today announced that its preliminary unaudited revenue for the first quarter of 2023 is expected to be in the range of $70 million to $74 million.”
Earnings Releases

ACM Research, Inc. reported the fiscal year ended December 31, 2022 results: revenue $388,832, net income $39,263, EPS Diluted EPS $0.59.

“Year Ended December 31, GAAP Non-GAAP(1) 2022 2021 2022 2021 (dollars in thousands, except EPS) Revenue $ 388,832 $ 259,751 $ 388,832 $ 259,751 Gross margin 47.2 % 44.2 % 47.4 % 44.4 % Income from operations $ 59,035 $ 38,702 $ 66,765 $ 43,819 Net income attributable to ACM Research, Inc. $ 39,263 $ 37,757 $ 54,848 $ 42,267 Basic EPS $ 0.66 $ 0.65 $ 0.93 $ 0.73 Diluted EPS (2) $ 0.59 $ 0.58 $ 0.83 $ 0.65”
Earnings Releases

ACM Research, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $108,542, net income $11,809, EPS Diluted EPS $0.18.

“Three Months Ended December 31, GAAP Non-GAAP(1) 2022 2021 2022 2021 (dollars in thousands, except EPS) Revenue $ 108,542 $ 95,142 $ 108,542 $ 95,142 Gross margin 49.6 % 47.8 % 49.7 % 47.9 % Income from operations $ 16,670 $ 19,126 $ 19,164 $ 20,420 Net income attributable to ACM Research, Inc. $ 11,809 $ 15,565 $ 12,596 $ 18,069 Basic EPS $ 0.20 $ 0.27 $ 0.21 $ 0.31 Diluted EPS (2) $ 0.18 $ 0.23 $ 0.19 $ 0.27”
Earnings Releases

ACM Research, Inc. reported Fiscal Year 2022 results: revenue RMB 2.70 billion to RMB 2.90 billion, net income RMB 600.0 million to RMB 720.0 million.

“Standards for Business Enterprises under Chinese generally accepted accounting principles (“Chinese GAAP”). ● Revenue for ACM Shanghai is expected to be in a range of RMB 2.70 billion to RMB 2.90 billion versus revenue of RMB 1.62 billion in 2021. ● Net profit attributable to the shareholders of ACM Shanghai is expected to be in a range of RMB 600.0 million to”
Earnings Releases

ACM Research, Inc. reported full year 2023 results: revenue $515 million to $585 million. Guidance initiated.

“ACM also announced that it expects revenue for the full year 2023 to be in the range of $515 million to $585 million.”
Earnings Releases

ACM Research, Inc. reported full year 2022 results: revenue $365 million to $385 million. Guidance reaffirmed.

“ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today has reaffirmed its full year 2022 revenue outlook of $365 million to $385 million as was provided in ACM’s third quarter 2022 earnings release issued on November 4, 2022.”
Earnings Releases

ACM Research, Inc. reported third quarter of 2022 results: revenue $133,709, net income $21,004, EPS $0.32.

“node development for leading-edge fabs of global customers.” Three Months Ended September 30, GAAP Non-GAAP(1) 2022 2021 2022 2021 (dollars in thousands, except EPS) Revenue $ 133,709 $ 67,013 $ 133,709 $ 67,013 Gross margin 49.3 % 44.3 % 49.4 % 44.5 % Income from operations $ 31,636 $ 11,795 $ 33,529 $ 13,073 Net income attributable to ACM Research, Inc. $”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.