ACM Research posts $901M revenue and wins multiple Q1 2026 packaging orders
ACM Research delivered record fiscal 2025 revenue of $901 million, a 15% year-over-year increase, and ended with $845 million in net cash after a $623 million equity raise. It also secured multiple wafer-level and panel-level advanced packaging equipment orders from global customers slated for Q1 2026 delivery.
1. Fiscal 2025 Financial Results
ACM Research reported record fiscal 2025 revenue of $901.3 million, up 15% year-over-year, driven by its wafer processing and advanced packaging solutions. GAAP gross margin was 44.4% and non-GAAP gross margin was 44.5%, while the company ended the year with $845 million in net cash, including $623 million from a private share offering and $111 million from a post-year Shanghai share sale.
2. Advanced Packaging Equipment Orders
In Q1 2026, ACM Research will deliver multiple wafer-level advanced packaging systems to a leading Singapore-based OSAT customer, a panel-level Ultra C vac-p vacuum cleaning tool to a major semiconductor packaging manufacturer outside mainland China, and additional wafer-level systems to a North America technology customer, underscoring its technology adoption across global markets.