On October 29, 2025, ACM Research, Inc. (NASDAQ: ACMR), a prominent provider of wafer and panel processing solutions for semiconductor and advanced packaging applications, released preliminary unaudited revenue and shipment figures for the third quarter of 2025. The announcement highlights robust growth in revenue compared to the same quarter last year, reflecting the continued demand for semiconductor manufacturing solutions.

2. Revenue Expectations

ACM Research anticipates that its preliminary unaudited revenue for Q3 2025 will fall within the range of $264 million to $267 million. This represents an impressive year-over-year growth rate of 29% to 31%, showcasing the company's resilience and strong market positioning amidst a competitive landscape.

3. Shipment Insights

In contrast to revenue growth, the total shipment figures present a more nuanced picture. The company expects preliminary total shipments to range from $257 million to $262 million, indicating a year-over-year change that is flat to down 2%. This slight decline in shipments, while not alarming, suggests potential challenges in supply chain dynamics or customer demand fluctuations.

4. Upcoming Earnings Call

Investors and stakeholders will have the opportunity to delve deeper into ACM's financial performance and future outlook during the upcoming earnings call scheduled for November 5, 2025, at 8 a.m. Eastern Time (9 p.m. China Time). The call will provide a platform for ACM to discuss its full financial results for the third quarter and its revenue outlook for the remainder of the year.

5. Structure of the Company

ACM Research currently holds a 74.6% equity interest in its principal operating subsidiary, ACM Research (Shanghai), Inc. The majority of ACM's consolidated revenue and net income is derived from ACM Shanghai. It is important to note that the standalone financial results of ACM Shanghai are reported in RMB, adhering to Chinese generally accepted accounting principles (GAAP). Consequently, these figures may significantly differ from ACM's consolidated results, which are prepared in U.S. dollars under U.S. GAAP, reflecting additional financial and operational considerations.

6. Looking Ahead

While the preliminary results indicate strong revenue growth, ACM Research acknowledges the inherent uncertainties in forecasting. As stated in the press release, actual unaudited results are subject to completion of quarter-end closing procedures and a review by the company’s independent registered public accounting firm. Stakeholders are advised to consider these factors as they evaluate the company's performance and strategic direction moving forward.

In conclusion, ACM Research's preliminary results for Q3 2025 reveal a positive trajectory in revenue amidst a slight decline in shipments, illustrating the complexities faced in the semiconductor industry. The upcoming earnings call will be pivotal for investors seeking clarity on ACM's performance and outlook in the evolving market landscape.

Original press release