ACM Research PT Jumps to $70 on Double-Digit 2026 Revenue Guidance
Roth Capital raised ACM Research’s price target to $70 from $40 and maintained a Buy rating, citing strong double-digit 2026 revenue growth guidance driven by new customers, geographies and resilient China demand. Full-year 2025 revenue rose 15.2% to $901.3M despite a 12.2% drop in shipments to $854M.
1. Price Target Lift and Rating
Roth Capital raised its price target on ACM Research to $70 from $40 and maintained a Buy rating. The firm highlighted strong double-digit revenue growth guidance for fiscal 2026, driven by new customers in expanded geographies and robust demand from China.
2. Fiscal 2025 Performance
In fiscal 2025, total shipments reached $854 million, down 12.2% year-over-year, while full-year revenue climbed 15.2% to $901.3 million. In Q4, shipments totaled $228 million versus $264 million in the prior year, and revenue grew 9.4% to $244.4 million.
3. Product Mix and Technology Trends
Revenue growth in 2025 reflected increased demand for single-wafer cleaning, Tahoe and semi-critical cleaning equipment, expanded sales of ECP and furnace technologies, and greater services and spares revenue. The company’s portfolio addresses multiple semiconductor fabrication steps to remove particles and contaminants.