The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

ACMR

Concerning the House

ACM Research, Inc., together with its subsidiaries, develops, manufactures, and sells capital equipment in Mainland China and internationally. It also develops, manufactures, and sells a range of packaging tools to wafer assembly and packaging customers. The company provides wet cleaning equipment for front end production processes; electrochemical plating, furnace, PECVD, and track platforms; Space Alternated Phase Shift, technology for flat and wafer surfaces; timely energized bubble oscillation, technology for patterned wafer surfaces at advanced process nodes; and Tahoe technology; and semi-critical cleaning tools. It also offers advanced packaging equipment, such as coaters, developers, photoresist strippers, scrubbers, wet etchers and copper-plating equipment; and advanced packaging products include: Ultra ECP ap, which delivers a uniform metal layer to finished wafers prior to packaging; Ultra C Developer, which applies liquid developer to selected parts of photoresist to resolve an image; Ultra C PR Megasonic-Assisted Stripper, which removes photoresist; Ultra C Scrubber, which scrubs and cleans wafers; Ultra C Thin Wafer Scrubber, which addresses a sub-market of cleaning very thin wafers for certain Asian assembly factories; and Ultra C Wet Etcher, which etches silicon wafers and copper and titanium interconnects. In addition, the company provides ECP technology for advanced metal plating; Ultra fn Furnace, a dry processing tool; Ultra Pmax PECVD tools, a proprietary designed chamber, gas distribution unit, and chuck; and Ultra Track, a 300mm process tool that delivers uniform air downflow, fast robot handling and configurable software to address specific customer requirements. It markets and sells its products under the SAPS, TEBO, ULTRA C, ULTRA Fn, Ultra ECP, Ultra ECP map, and Ultra ECP ap trademarks through direct sales force and third-party representatives. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.

United States · www.acmr.com

The Long Run

FY 2017–2025 · 9 years

LineLatestCAGRTrend
Revenue$557.72M+45.8%
Gross profit$276.21M+46.1%
Operating income$95.84M+85.0%
Net income$103.63M+77.9%
Cash from ops-$10.32M+0.0%
Quotation

$81.19

-0.07 (-0.1%)

52w hi$126.89
52w lo$25.02
Vol454.37K
As ofAug 13
The Verdict

Hold

Our score +0.38

Short-0.10
Medium+0.65
Long+0.81

computed 2026-08-13

By the Numbers

ACM Research, Inc.

Technology · Semiconductor Equipment & Materials

Market cap$5.65B
Enterprise value$5.11B
Trailing P/E38.30x
Forward P/E29.96x
EV / EBITDA32.04x
P / S (ttm)5.45x
Profit margin14.5%
Return on equity11.6%
Revenue growth+36.0%
Earnings growth+180.6%
Debt / equity14.52
Risk Metrics
Beta vs SPX2.32
Corr SPX0.47
Annual vol80.6%
Annual ret+103.5%
Sharpe1.29
Max DD-48.5%

Window: 504 trading days (504 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.33
Sector+0.19
Technical+0.04
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$80.24$84.15$80.24$81.19454.37K
Aug 12$84.37$85.10$81.22$81.26593.70K
Aug 11$80.53$81.59$78.49$79.92619.80K
Aug 10$87.30$88.81$79.33$79.411.30M
Aug 7$92.55$92.55$78.73$83.801.43M