ACM Research Reports 6.4% Revenue Growth to $215.4 Million in Q2 2025

ACM Research, Inc. reported its financial results for the second quarter and first half of 2025, showing a revenue increase of 6.4% to $215.4 million for the three months ended June 30, 2025, compared to $202.5 million in the same period of 2024. For the six months ended June 30, 2025, revenue rose by 9.3% to $387.7 million, up from $354.7 million in the prior year. The company’s net income attributable to ACM Research increased to $29.8 million for the second quarter, compared to $24.2 million in the same quarter of 2024, while net income for the first half of 2025 was $50.1 million, up from $41.6 million in 2024.

The company experienced significant changes in its operational metrics, with gross profit for the second quarter rising by 7.9% to $104.5 million, resulting in a gross margin of 48.5%, up from 47.8% in the prior year. However, total operating expenses also increased by 22.9% to $72.8 million, driven by higher sales and marketing costs, which rose by 29% to $22.1 million, and research and development expenses, which increased by 30.2% to $33.8 million. The increase in expenses reflects ACM's commitment to expanding its customer base and enhancing its product offerings.

ACM Research continues to focus on strategic developments, including a proposed private offering by its subsidiary ACM Shanghai, which aims to raise up to $642.2 million. This offering, if completed, would reduce ACM Research's ownership in ACM Shanghai from 81.1% to approximately 74.6%. Additionally, ACM Shanghai approved a dividend of approximately $40.1 million, expected to be paid by the end of 2025, although the timing and amount of repatriated funds remain uncertain.

Operationally, ACM Research reported a significant increase in its cash and cash equivalents, totaling $442.1 million as of June 30, 2025, compared to $407.4 million at the end of 2024. The company’s accounts receivable also rose to $433.7 million, reflecting a growing customer base and increased sales activity. The company has been actively expanding its geographic reach, particularly in North America and Europe, to capture a larger share of the global semiconductor market, which is projected to grow significantly in the coming years.

Looking ahead, ACM Research anticipates continued growth driven by increased demand for its semiconductor manufacturing equipment. The company expects its gross margin to remain between 42% and 48% in the near term, while also planning to invest in research and development to enhance its product portfolio. The management remains optimistic about the future, citing a long-term commitment from its mainland China-based customers to expand production capacity and improve market share.