Financials ACM Research, Inc.

Equities

ACMR

US00108J1097

Semiconductor Equipment & Testing

Delayed Nasdaq Other stock markets 20:49:21 23/01/2026 GMT			5-day change	1st Jan Change
50.07 ^USD	-3.10%		-6.58%	+26.97%

01-22	ACM Research, Inc. Updates Revenue Guidance for the Full Year 2025	CI
01-22	ACM Research, Inc. Provides Revenue Guidance for the Full Year 2026	CI

Projected Income Statement: ACM Research, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	156.6	259.8	388.8	557.7	782.1	900.4	1,157	1,282
Change	-	65.84%	49.69%	43.44%	40.23%	15.12%	28.45%	10.86%
EBITDA ¹	28.18	41.06	81.23	148.7	219.1	141.2	202.1	244.8
Change	-	45.71%	97.85%	83.08%	47.32%	-35.54%	43.09%	21.13%
EBIT ¹	27.12	43.82	66.76	123.2	200.6	141.8	195.6	268.6
Change	-	61.57%	52.37%	84.49%	62.83%	-29.33%	37.97%	37.34%
Interest Paid ¹	-0.982	-0.765	-1.655	-2.681	-4.151	-6.833	-4.7	-4.8
Earnings before Tax (EBT) ¹	19.3	43.06	67.36	116.2	166.3	159.3	213.5	277.6
Change	-	123.14%	56.46%	72.52%	43.1%	-4.19%	34.02%	30.02%
Net income ¹	18.78	37.76	39.26	77.35	103.6	120.3	147.3	181.6
Change	-	101.05%	3.99%	97%	33.97%	16.06%	22.51%	23.23%
Announcement Date	25/02/21	25/02/22	24/02/23	28/02/24	26/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	45.56	43.73	53.86	67.01	95.14	42.19	104.4	133.7	108.5	74.26	144.6	168.6	170.3	152.2	202.5	204	223.5	172.3	215.4	269.2	241.4	245.4	280.6	324.5	290	210	250	270
Change	-	-4.02%	23.17%	24.41%	41.98%	-55.66%	147.46%	28.08%	-18.82%	-31.59%	94.7%	16.59%	1.04%	-10.64%	33.04%	0.74%	9.56%	-22.88%	24.96%	24.97%	-10.32%	1.65%	14.35%	15.64%	-10.62%	-27.59%	19.05%	8%
EBITDA ¹	7.018	3.996	4.816	12.36	19.88	-6.719	23.35	35.08	16.79	12.64	34.69	45.82	43.1	45.15	54.76	58.45	64.39	39.3	46.28	48.15	42.8	34.7	54	63.6	61.7	45.8	59	67.6
Change	-	-43.06%	20.52%	156.67%	60.84%	-133.79%	447.46%	50.25%	-52.15%	-24.68%	174.34%	32.09%	-5.93%	4.75%	21.29%	6.74%	10.16%	-38.97%	17.77%	4.03%	-11.11%	-18.93%	55.62%	17.78%	-2.99%	-25.77%	28.82%	14.58%
EBIT ¹	6.737	4.66	5.666	13.07	20.42	-7.932	22	33.53	19.16	10.93	32.45	43.75	36.05	39.8	51.94	56.06	52.77	35.59	41.46	36.48	39.13	31.4	43.48	58.03	55.3	41.8	55	63.6
Change	-	-30.83%	21.59%	130.73%	56.2%	-138.84%	377.41%	52.38%	-42.84%	-42.97%	196.86%	34.85%	-17.62%	10.42%	30.49%	7.95%	-5.87%	-32.55%	16.49%	-12.01%	7.25%	-19.74%	38.46%	33.46%	-4.71%	-24.41%	31.58%	15.64%
Charge d'intérêts ¹	-0.371	-0.189	-0.194	-0.191	-0.191	-0.261	-0.306	-0.419	-0.669	-0.695	-0.649	-0.64	-0.697	-0.783	-0.932	-1.208	-1.228	-1.558	-1.757	-1.851	-1.65	-1.6	-1.55	-1.55	-1.5	-1.5	-1	-1.2
Earnings before Tax (EBT) ¹	6.4	3.052	7.349	10.88	21.77	-11.45	24.43	37.55	16.84	11.84	41.24	31.71	31.43	26.46	40.74	42.68	56.42	27.17	38.16	49.09	43.74	42.48	50.95	54.41	57.26	-	-	-
Change	-	-52.31%	140.79%	48.1%	100.02%	-152.61%	313.26%	53.71%	-55.14%	-29.69%	248.21%	-23.09%	-0.9%	-15.8%	53.94%	4.77%	32.21%	-51.85%	40.47%	28.63%	-10.89%	-2.89%	19.95%	6.8%	5.24%	-	-	-
Net income ¹	8.529	5.47	6.567	10.16	15.56	-5.786	12.24	21	11.81	7.145	26.82	25.68	17.7	17.43	24.21	30.9	31.08	20.38	29.76	35.89	30	26.17	35.88	41.8	40.44	29.5	33.2	39.2
Change	-	-35.87%	20.05%	54.64%	53.27%	-137.17%	311.48%	71.66%	-43.78%	-39.5%	275.44%	-4.27%	-31.07%	-1.51%	38.87%	27.65%	0.57%	-34.43%	46.03%	20.59%	-16.42%	-12.77%	37.12%	16.5%	-3.25%	-27.06%	12.54%	18.07%
Announcement Date	25/02/21	06/05/21	05/08/21	04/11/21	25/02/22	06/05/22	05/08/22	04/11/22	24/02/23	05/05/23	04/08/23	07/11/23	28/02/24	08/05/24	07/08/24	07/11/24	26/02/25	08/05/25	06/08/25	05/11/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: ACM Research, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-26	-528	-171	-91.1	-278	-785	-801	-797
Change	-	-1,930.77%	67.61%	46.73%	-205.16%	-181.87%	-2.04%	0.5%
Announcement Date	25/02/21	25/02/22	24/02/23	28/02/24	26/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: ACM Research, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	45.42	9.153	91.09	61.88	82.46	49.5	46	48.5
Change	-	-79.85%	895.24%	-32.07%	33.27%	-39.97%	-7.07%	5.43%
Free Cash Flow (FCF) ¹	-58.96	-49.25	-153.3	-137.2	69.99	250.3	100.2	104.3
Change	-	16.48%	-211.27%	10.5%	151.01%	257.64%	-59.97%	4.09%
Announcement Date	25/02/21	25/02/22	24/02/23	28/02/24	26/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: ACM Research, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	17.99%	15.81%	20.89%	26.66%	28.01%	15.68%	17.47%	19.09%
EBIT Margin (%)	17.32%	16.87%	17.17%	22.09%	25.64%	15.74%	16.91%	20.95%
EBT Margin (%)	12.32%	16.58%	17.32%	20.84%	21.26%	17.69%	18.46%	21.65%
Net margin (%)	11.99%	14.54%	10.1%	13.87%	13.25%	13.36%	12.74%	14.16%
FCF margin (%)	-37.65%	-18.96%	-39.42%	-24.6%	8.95%	27.8%	8.66%	8.13%
FCF / Net Income (%)	-313.97%	-130.43%	-390.41%	-177.38%	67.54%	208.11%	68%	57.44%
Profitability
ROA	8.51%	5.42%	3.43%	7.88%	6.19%	5%	5.08%	5.98%
ROE	19.96%	9.24%	5.81%	14.9%	12.4%	10.31%	10.71%	11.94%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	29%	3.52%	23.43%	11.09%	10.54%	5.5%	3.98%	3.78%
CAPEX / EBITDA (%)	161.2%	22.29%	112.15%	41.61%	37.64%	35.05%	22.76%	19.81%
CAPEX / FCF (%)	-77.02%	-18.59%	-59.43%	-45.1%	117.83%	19.78%	45.91%	46.5%
Items per share
Cash flow per share ¹	-	-0.6134	-0.952	-	-	-	-	-
Change	-	-	-55.19%	-	-	-	-	-
Dividend per Share ¹	-	-	-	-	-	0.2428	0.2788	0.353
Change	-	-	-	-	-	-	14.81%	26.63%
Book Value Per Share ¹	3.276	11.52	13.6	11.83	13.66	19.87	22.02	24.55
Change	-	251.69%	18.03%	-13%	15.47%	45.43%	10.85%	11.49%
EPS ¹	0.2967	0.5767	0.59	1.16	1.53	1.762	2.138	2.512
Change	-	94.38%	2.31%	96.61%	31.9%	15.19%	21.31%	17.49%
Nbr of stocks (in thousands)	55,394	58,524	59,460	60,608	62,628	64,876	64,876	64,876
Announcement Date	25/02/21	25/02/22	24/02/23	28/02/24	26/02/25	-	-	-