Loading..

ACM Research, Inc. (ACMR) Report Analysis

Corporate Events

Negative

ACM Research, Inc Announces Auditor Changes

2022-05-19 20:25:00

On May 16, 2022, ACM Research, Inc. dismissed BDO China Shu Lun Pan Certified Public Accountants LLP, or BDO China, as independent registered ...

Neutral

ACM Research, Inc. Maintains Revenue guidance for 2022

2022-05-06 09:02:00

ACM Research, Inc. announced that it is maintaining revenue guidance range of $365 million to $405 million for fiscal year 2022.

Neutral

ACM Research, Inc. Receives Purchase Contract f...

2022-05-06 08:50:00

ACM Research, Inc. announced that a volume purchase contract has been received from a leading Chinese OSAT for 10 Ultra ECP ap high-speed plat...

Neutral

ACM Research, Inc. Announces Preliminary Revenu...

2022-04-28 21:24:00

ACM Research, Inc. announced that its preliminary revenue for the first quarter of 2022 is expected to be in the range of $40 million to $42 million.

Positive

ACM Research’s 18 Chamber, 300mm Ultra C VI Sin...

2022-04-21 20:05:00

ACM Research, Inc. announced that its 18 chamber, 300mm Ultra C VI single wafer cleaning tool has been qualified by a customer and successfull...

Neutral

ACM Research, Inc., Q1 2022 Earnings Call, May 06, 2022

2022-04-20 20:05:00

ACM Research, Inc., Q1 2022 Earnings Call, May 06, 2022

Neutral

ACM Research, Inc. to Report Q1, 2022 Sales/Tra...

2022-04-20 20:05:00

ACM Research, Inc. announced that they will report Q1, 2022 sales/trading statement results Pre-Market on Apr 27, 2022

Neutral

ACM Research, Inc. to Report Q1, 2022 Results o...

2022-04-20 20:05:00

ACM Research, Inc. announced that they will report Q1, 2022 results Pre-Market on May 06, 2022

Neutral

ACM Research, Inc. Receives Multiple Purchase O...

2022-02-13 22:00:00

ACM Research, Inc. announced volume purchase orders for 29 Ultra C wb wet bench tools for 300 mm wafer applications. The orders are from multi...

Neutral

ACM Research, Inc. Provides Revenue Guidance fo...

2022-01-04 21:05:00

ACM Research, Inc. provides revenue guidance for the 2022. Revenue for the full year 2022 to be in the range of $345 million to $385 million, ...

Neutral

Acm Research Receives Orders from Major US-Base...

2021-12-01 21:05:00

ACM Research, Inc. announced the receipt of two orders for ACM’s Ultra C SAPS V 12-chamber cleaning tools from a major U.S.-based global semic...

Neutral

Credit Suisse Group AG, Greater China Technolog...

2021-11-10 14:08:00

Credit Suisse Group AG, Greater China Technology and Internet Conference, Jan 05, 2022 through Jan 07, 2022.

Neutral

ACM Research, Inc. Presents at 12th Annual Crai...

2021-11-09 21:15:00

ACM Research, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021 .

Neutral

ACM Research, Inc. Presents at Benchmark Compan...

2021-11-09 21:15:00

ACM Research, Inc. Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021 .

Positive

ACM Research, Inc. Revises Revenue Guidance for...

2021-11-04 20:18:00

ACM Research, Inc. revised revenue guidance for the year 2021. For fiscal year 2021, the Company now expects revenue to be in the range of $23...

Neutral

ACM Research Receives Orders from a Leading Glo...

2021-11-04 20:15:00

ACM Research, Inc. announced receipt of two orders for ACM’s Ultra C pr wet stripping system from a leading global integrated device manufactu...

Neutral

Conference Direct LLC, 10th Annual December CEO...

2021-11-04 20:05:00

Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021. Venue: St. Regis Hotel, San Francisco, California, United States.

Neutral

ACM Research, Inc. Presents at 10th Annual Dece...

2021-11-04 20:05:00

ACM Research, Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021 . Venue: St. Regis Hotel, San Francisco, California, United States.

Neutral

ACM Research, Inc. to Report Q3, 2021 Results o...

2021-10-21 20:15:00

ACM Research, Inc. announced that they will report Q3, 2021 results After-Market on Nov 04, 2021

Neutral

ACM Research, Inc., Q3 2021 Earnings Call, Nov 05, 2021

2021-10-21 20:15:00

ACM Research, Inc., Q3 2021 Earnings Call, Nov 05, 2021

Neutral

The Benchmark Company, LLC., Benchmark Company ...

2021-10-21 17:00:00

The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021.

Neutral

ACM Research Announces Order for SAPS Evaluatio...

2021-10-18 20:17:00

ACM Research, Inc. announced the receipt of an evaluation tool order for its Ultra C SAPS frontside cleaning tool from a major global semicond...

Neutral

ACM Research, Inc. Secures Order for ECP Demo T...

2021-10-18 20:15:00

ACM Research, Inc. announced the receipt of an evaluation tool order for its Ultra ECP map copper plating tool from a major IC manufacturer. T...

Neutral

ACM Research, Inc. Presents at Roth 10th Annual...

2021-10-14 19:13:00

ACM Research, Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-18-2021 . Speakers: David Hui Wang, F...

Positive

ACM Research Ships its First 300mm, High-Temp S...

2021-09-23 20:15:00

ACM Research, Inc. announced it has shipped its first 300mm single-wafer Sulfuric Peroxide Mixture systems (Single-Wafer SPM tool) for wet cle...

Neutral

Roth Capital Partners, LLC, Roth 10th Annual Te...

2021-09-18 12:11:00

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021.

Neutral

Craig-Hallum Capital Group LLC, 12th Annual Cra...

2021-09-08 08:33:00

Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021.

Positive

ACM Research, Inc. Launches Its First Plating T...

2021-08-25 20:05:00

ACM Research, Inc. announced the launch of ACM’s Ultra ECP GIII plating tool to support WLP for compound semiconductors, with product offering...

Neutral

ACM Research, Inc. Presents at 22nd Credit Suis...

2021-08-18 20:05:00

ACM Research, Inc. Presents at 22nd Credit Suisse Asian Technology Virtual Conference, Sep-10-2021 . Venue: Taipei, Taiwan.

Neutral

ACM Research, Inc. Presents at Jefferies 2021 V...

2021-08-18 20:05:00

ACM Research, Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021 .

Neutral

ACM Research, Inc. Presents at Needham Virtual ...

2021-08-18 20:05:00

ACM Research, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 .

Neutral

ACM Research, Inc. Presents at Jefferies Asia F...

2021-08-18 20:05:00

ACM Research, Inc. Presents at Jefferies Asia Forum (Virtual), Sep-09-2021 .

Positive

ACM Research, Inc. Enters Bevel Etch Market to ...

2021-08-05 20:10:00

ACM Research, Inc. announced the launch of its Bevel Etch product, which further expands ACM’s comprehensive offering of wet tools. The new pr...

Positive

ACM Research, Inc. Updates Revenue Guidance for...

2021-08-05 20:05:00

ACM Research, Inc. updated revenue guidance for the fiscal year 2021. For fiscal year 2021, the company now expects revenue to be in the range...

Neutral

ACM Research, Inc. to Report Q2, 2021 Results o...

2021-07-21 20:05:00

ACM Research, Inc. announced that they will report Q2, 2021 results After-Market on Aug 05, 2021

Neutral

ACM Research, Inc., Q2 2021 Earnings Call, Aug 06, 2021

2021-07-21 20:05:00

ACM Research, Inc., Q2 2021 Earnings Call, Aug 06, 2021

Negative

ACM Research, Inc Announces Auditor Changes

2022-05-19 20:25:00

On May 16, 2022, ACM Research, Inc. dismissed BDO China Shu Lun Pan Certified Public Accountants LLP, or BDO China, as independent registered public accounting firm. On May 12, 2022, the Audit Committee also approved the engagement of Armanino LLP, or Armanino, as new independent registered public accounting firm to perform independent audit services for the fiscal year ending December 31, 2022. Armanino is subject to inspection by the PCAOB. The engagement of Armanino became effective on May 19, 2022.

Neutral

ACM Research, Inc. Maintains Revenue guidance for 2022

2022-05-06 09:02:00

ACM Research, Inc. announced that it is maintaining revenue guidance range of $365 million to $405 million for fiscal year 2022.

Neutral

ACM Research, Inc. Receives Purchase Contract for Ultra ECP Ap High-Speed Plating Systems

2022-05-06 08:50:00

ACM Research, Inc. announced that a volume purchase contract has been received from a leading Chinese OSAT for 10 Ultra ECP ap high-speed plating tools, which are scheduled to be delivered later in 2022 and 2023. The Ultra ECP ap system with new high-speed plating technology has been previously qualified by multiple OSAT customers for advanced WLP applications. The new purchase orders, which build on orders announced in February 2022 for 21 ECP tools from a top-tier Chinese foundry and multiple advanced packaging houses, demonstrate the increased market traction for ACM’s ECP technologies for both advanced packaging and front-end customers. ACM’s Ultra ECP ap plating tool supports copper (Cu) pillar bumping for Cu, nickel (Ni) and tin-silver (SnAg) plating, as well as high-density fan-out (HDFO) WLP product with warpage wafers for Cu, Ni, SnAg and gold plating. Its high-speed plating technology with proprietary paddle design provides stronger mass transfer during the plating process, coating all pillars on the entire wafer concurrently at the same plating rate. This provides improved uniformity below 3% within wafer and within die during high-speed plating. It also offers better coplanarity performance and higher throughput. The single-wafer, flat-type plating design eliminates cross-contamination between chemical baths in vertical-type plating design.

Neutral

ACM Research, Inc. Announces Preliminary Revenue Range for First Quarter 2022

2022-04-28 21:24:00

ACM Research, Inc. announced that its preliminary revenue for the first quarter of 2022 is expected to be in the range of $40 million to $42 million.

Positive

ACM Research’s 18 Chamber, 300mm Ultra C VI Single-Wafer Cleaning Tool Enters Mass Production

2022-04-21 20:05:00

ACM Research, Inc. announced that its 18 chamber, 300mm Ultra C VI single wafer cleaning tool has been qualified by a customer and successfully moved to mass production. First introduced to the market in the second quarter of 2020, the tool has also been qualified for mass production by a mainstream memory chip manufacturer in China. The 18 chamber, 300mm Ultra C VI tool is compatible with nearly all wet clean and wet etch processes. It can be used in several front-end and back-end applications, including polymer removal, tungsten (W) loop or back-end copper process, pre-deposition clean, post-etch and post-chemical mechanical polishing (CMP) clean, deep trench clean and RCA standard clean. The 18 chamber, 300mm Ultra C VI tool is equipped with one highly efficient wafer transfer system that consists of multiple robots, which allows the tool to reach a maximum throughput of more than 800 wafers per hour. The tool targets high-throughput cleaning, with a 50% increase in throughput, as compared to the Ultra C V 12-chamber system, due to the higher chamber count, with the same tool width and only a slight increase in length to allow for integration into existing production lines.

Neutral

ACM Research, Inc., Q1 2022 Earnings Call, May 06, 2022

2022-04-20 20:05:00

ACM Research, Inc., Q1 2022 Earnings Call, May 06, 2022

Neutral

ACM Research, Inc. to Report Q1, 2022 Sales/Trading Statement Results on Apr 27, 2022

2022-04-20 20:05:00

ACM Research, Inc. announced that they will report Q1, 2022 sales/trading statement results Pre-Market on Apr 27, 2022

Neutral

ACM Research, Inc. to Report Q1, 2022 Results on May 06, 2022

2022-04-20 20:05:00

ACM Research, Inc. announced that they will report Q1, 2022 results Pre-Market on May 06, 2022

Neutral

ACM Research, Inc. Receives Multiple Purchase Orders for Ultra C wb Wet Bench Tools

2022-02-13 22:00:00

ACM Research, Inc. announced volume purchase orders for 29 Ultra C wb wet bench tools for 300 mm wafer applications. The orders are from multiple China-based customers and include repeat orders for 16 tools from an emerging foundry customer to support its ongoing fab expansion. Shipments are scheduled in two phases, beginning in the first half of 2022. These orders validate ACM strategy to expand portfolio beyond advanced cleaning with a highly competitive product offering. Securing volume orders from new and repeat customers speaks to success both with the foundry customer and the broader wet bench market. Company’s view this as a clear demonstration of technical capability, growing market leadership and ability to respond to customer demand. Together with advanced dry technologies, ACMs bench products can cover almost all cleaning process steps that require bench cleaning. Additionally, ACM introduced its Ultra Low Pressure Dry technology for 300 mm bench systems. The process is specifically designed to mitigate post-bench clean drying challenges associated with high-aspect-ratio structures of 3D NAND and logic devices on advanced semiconductor wafers. ACMs new ULD bench module uses a low-pressure isopropyl alcohol drying process to address these requirements for most bench clean dry processes, including pre-furnace clean, post-ion implant cleaning and post-dry-etch photoresist removal, post-chemical-mechanical planarization cleaning, and pre-cleaning before film deposition, oxide etch and nitride removal. ACM shipped its first ULD module to a leading China-based memory semiconductor manufacturer in the third quarter of 2021, and ACM believes the initial process data validate the effectiveness of the ULD module in advanced node manufacturing.

Neutral

ACM Research, Inc. Provides Revenue Guidance for the 2022

2022-01-04 21:05:00

ACM Research, Inc. provides revenue guidance for the 2022. Revenue for the full year 2022 to be in the range of $345 million to $385 million, which would represent annual growth of 33% to 51%.

Neutral

Acm Research Receives Orders from Major US-Based Global Semiconductor Manufacturer for SAPS Single-Wafer-Cleaning Tools

2021-12-01 21:05:00

ACM Research, Inc. announced the receipt of two orders for ACM’s Ultra C SAPS V 12-chamber cleaning tools from a major U.S.-based global semiconductor manufacturer. Both tools are expected to be installed in the prospective customer’s U.S. facilities for use in its advanced processes. The first order, scheduled for delivery in the first quarter of 2022, is an evaluation tool to further confirm the tool’s cleaning performance and finalize specific features. The second order, scheduled for delivery in the second quarter of 2022, is a production tool intended for a high-volume manufacturing line. ACM’s proprietary Space Alternated Phase Shift (SAPS) advanced wafer-cleaning technology employs alternating phases of megasonic waves in the gap between a megasonic transducer and the wafer. Unlike the stationary megasonic transducers used in previous generations of megasonic wafer-cleaning systems, SAPS technology moves or tilts the transducer while the wafer rotates, enabling megasonic energy to be delivered uniformly across all points on the wafer, even if the wafer is warped. SAPS is a faster process than conventional megasonic cleaning and does not experience material loss or create a rough wafer surface. SAPS achieves more thorough, comprehensive cleaning and has been demonstrated to 1xnm DRAM devices and beyond.

Neutral

Credit Suisse Group AG, Greater China Technology and Internet Conference, Jan 05, 2022 through Jan 07, 2022

2021-11-10 14:08:00

Credit Suisse Group AG, Greater China Technology and Internet Conference, Jan 05, 2022 through Jan 07, 2022.

Neutral

ACM Research, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021

2021-11-09 21:15:00

ACM Research, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021 .

Neutral

ACM Research, Inc. Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021

2021-11-09 21:15:00

ACM Research, Inc. Presents at Benchmark Company Virtual Technology Conference, Nov-17-2021 .

Positive

ACM Research, Inc. Revises Revenue Guidance for the Year 2021

2021-11-04 20:18:00

ACM Research, Inc. revised revenue guidance for the year 2021. For fiscal year 2021, the Company now expects revenue to be in the range of $230 million to $240 million, versus the previous guidance range of $225 million to $240 million. This expectation assumes, among other factors, stability with respect to the global COVID-19 pandemic and stability in US-China trade policy. The range of ACM’s 2021 outlook reflects, among other things, variances in spending scenarios for the production ramps of key customers, management of ACM’s supply chain, and the timing of acceptances for first tools under evaluation in the field.

Neutral

ACM Research Receives Orders from a Leading Global IDM for Wet Stripping Systems for Wafer-Level Packaging

2021-11-04 20:15:00

ACM Research, Inc. announced receipt of two orders for ACM’s Ultra C pr wet stripping system from a leading global integrated device manufacturer (IDM). The IDM plans to deploy these tools in its China-based advanced packaging manufacturing facility for ease of use in photoresist (PR) removal in WLP applications. The first tool was delivered in October of 2021, and the second order is scheduled to be delivered in the first quarter of 2022.

Neutral

Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021

2021-11-04 20:05:00

Conference Direct LLC, 10th Annual December CEO Summit, Dec 08, 2021. Venue: St. Regis Hotel, San Francisco, California, United States.

Neutral

ACM Research, Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021

2021-11-04 20:05:00

ACM Research, Inc. Presents at 10th Annual December CEO Summit, Dec-08-2021 . Venue: St. Regis Hotel, San Francisco, California, United States.

Neutral

ACM Research, Inc. to Report Q3, 2021 Results on Nov 04, 2021

2021-10-21 20:15:00

ACM Research, Inc. announced that they will report Q3, 2021 results After-Market on Nov 04, 2021

Neutral

ACM Research, Inc., Q3 2021 Earnings Call, Nov 05, 2021

2021-10-21 20:15:00

ACM Research, Inc., Q3 2021 Earnings Call, Nov 05, 2021

Neutral

The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021

2021-10-21 17:00:00

The Benchmark Company, LLC., Benchmark Company Virtual Technology Conference, Nov 17, 2021.

Neutral

ACM Research Announces Order for SAPS Evaluation Tool from Major Global Semiconductor Manufacturer

2021-10-18 20:17:00

ACM Research, Inc. announced the receipt of an evaluation tool order for its Ultra C SAPS frontside cleaning tool from a major global semiconductor manufacturer. The tool is expected to be installed in the prospective customer’s China-based development fab in the first quarter of 2022. ACM’s proprietary Space Alternated Phase Shift (SAPS) advanced wafer cleaning technology employs alternating phases of megasonic waves in the gap between a megasonic transducer and the wafer. Unlike the stationary megasonic transducers used in previous generations of megasonic wafer cleaning systems, SAPS technology moves or tilts the transducer while the wafer rotates, enabling megasonic energy to be delivered uniformly across all points on the wafer, even if the wafer is warped. SAPS is a faster process than conventional megasonic cleaning, does not experience material loss or create a rough wafer surface. SAPS achieves more thorough, comprehensive cleaning without damage to device features and has been demonstrated to 10nm and beyond.

Neutral

ACM Research, Inc. Secures Order for ECP Demo Tool from Major IC Manufacturer

2021-10-18 20:15:00

ACM Research, Inc. announced the receipt of an evaluation tool order for its Ultra ECP map copper plating tool from a major IC manufacturer. The order specifies a delivery in early 2022 and is subject to technical qualification and other commercial terms. ACM’s Ultra ECP map builds on ACM’s proven electro-chemical-plating (ECP) technology. The tool is configured with ACM’s Multi-Anode Partial Plating function, which allows the deposition of the copper metal layer on a dual-damascene structure for its advanced technology nodes. The tool is designed to be compatible with ultra-thin seed layers and to offer high throughput and uptime with a lower cost of consumables and lower cost of ownership.

Neutral

ACM Research, Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-18-2021

2021-10-14 19:13:00

ACM Research, Inc. Presents at Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov-18-2021 . Speakers: David Hui Wang, Founder, Chairman, CEO & President, Mark A. McKechnie, CFO, Executive VP, Secretary & Treasurer, Ralph Fong, Director, Investor Relations.

Positive

ACM Research Ships its First 300mm, High-Temp Single-Wafer SPM Tool for Advanced Logic, DRAM and 3D-NAND Semiconductor Manufacturing

2021-09-23 20:15:00

ACM Research, Inc. announced it has shipped its first 300mm single-wafer Sulfuric Peroxide Mixture systems (Single-Wafer SPM tool) for wet clean and etch processes in advanced logic, DRAM and 3D-NAND integrated circuit manufacturing. ACM’s new Single-Wafer SPM tool targets high ion dose doped photoresist (PR) wet strip processes, with support for metal etch or strip processes. This new tool extends ACM’s SPM product offering to include higher temperature SPM steps that are emerging for more advanced production nodes at 10nm and beyond.

Neutral

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021

2021-09-18 12:11:00

Roth Capital Partners, LLC, Roth 10th Annual Technology & Inaugural AgTech Answers Virtual Event, Nov 16, 2021 through Nov 18, 2021.

Neutral

Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021

2021-09-08 08:33:00

Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021.

Positive

ACM Research, Inc. Launches Its First Plating Tool to Support Wafer-Level Packaging and Plating Applications in Compound Semiconductor Manufacturing

2021-08-25 20:05:00

ACM Research, Inc. announced the launch of ACM’s Ultra ECP GIII plating tool to support WLP for compound semiconductors, with product offerings for silicon carbide (SiC), gallium nitride (GaN) and gallium arsenide (GaAs). The tool is also capable of plating gold (Au) into backside deep hole processes with greater uniformity and better step coverage. The tool features a fully-automated platform to support high volume manufacturing that accommodates both flat and notched 6-inch wafers, and incorporates ACM’s proprietary second anode power and paddle technologies for optimal performance.

Neutral

ACM Research, Inc. Presents at 22nd Credit Suisse Asian Technology Virtual Conference, Sep-10-2021

2021-08-18 20:05:00

ACM Research, Inc. Presents at 22nd Credit Suisse Asian Technology Virtual Conference, Sep-10-2021 . Venue: Taipei, Taiwan.

Neutral

ACM Research, Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021

2021-08-18 20:05:00

ACM Research, Inc. Presents at Jefferies 2021 Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit, Aug-31-2021 .

Neutral

ACM Research, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021

2021-08-18 20:05:00

ACM Research, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 .

Neutral

ACM Research, Inc. Presents at Jefferies Asia Forum (Virtual), Sep-09-2021

2021-08-18 20:05:00

ACM Research, Inc. Presents at Jefferies Asia Forum (Virtual), Sep-09-2021 .

Positive

ACM Research, Inc. Enters Bevel Etch Market to Support Emerging Process Steps in 3D NAND, DRAM and Advanced Logic Manufacturing

2021-08-05 20:10:00

ACM Research, Inc. announced the launch of its Bevel Etch product, which further expands ACM’s comprehensive offering of wet tools. The new product uses a wet etch method to remove various types of dielectric, metal and organic material films, as well as particulate contaminants on the wafer edge. This approach minimizes the impact of edge contamination for subsequent process steps, and improves chip manufacturing yield. ACM’s Bevel Etch product supports a range of device types and process steps for 3D NAND etch, DRAM and advanced logic processes. Historically, manufacturers have used a dry bevel etch process to address edge film and contamination removal. The wet etch approach avoids the arcing and silicon damage risk from the dry process, while also offering variable wafer bevel etch/cut accuracy of 1-7mm, good uniformity of +/-0.1mm, controllable etch selectivity and low chemical consumption, for a lower total cost of ownership. ACM’s Bevel Etch product first tool for high volume manufacturing is expected to be delivered to a Chinese logic manufacturer in the third quarter of 2021.

Positive

ACM Research, Inc. Updates Revenue Guidance for the Fiscal Year 2021

2021-08-05 20:05:00

ACM Research, Inc. updated revenue guidance for the fiscal year 2021. For fiscal year 2021, the company now expects revenue to be in the range of $225 million to $240 million, versus the previous guidance range of $205 million to $230 million.

Neutral

ACM Research, Inc. to Report Q2, 2021 Results on Aug 05, 2021

2021-07-21 20:05:00

ACM Research, Inc. announced that they will report Q2, 2021 results After-Market on Aug 05, 2021

Neutral

ACM Research, Inc., Q2 2021 Earnings Call, Aug 06, 2021

2021-07-21 20:05:00

ACM Research, Inc., Q2 2021 Earnings Call, Aug 06, 2021

Fundamental Summary

The financials published by ACM Research for Q1 were weak and discouraging. Their growth, value, and income factors performance indicate that company management are not executing well their business plan. These results suggest a challenging future for ACM Research's stock. As such, ACM Research received an overall score of 50 and a UNDERPERFORM recommendation.

ACM Research reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 42.19 million compared to USD 43.73 million a year ago. Net loss was USD 5.79 million compared to net income of USD 5.47 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to basic earnings per share from continuing operations of USD 0.1 a year ago.

Business Description

ACM Research, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating. The company markets and sells its products under the Ultra C brand name through direct sales force and third-party representatives. ACM Research was incorporated in 1998 and is headquartered in Fremont, California.

Sector Overview

ACM Research is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. ACM Research's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,087.4 3.3% 57
Liabilities 278.6 15.8% 87
Price to Book 1.3 -46.3% 50
Cash & Equivalents 380.3 -32.5% 43
Equity 674.4 -0.3% 51
EBITDA 32.3 -26.8% 42
Total Revenues 258.2 -0.6% 88
Parameter Value Change Score
Return on Equity 5.8 -31.2% 42
Net Cashflow 301.5 -38.6% 62
Capital Expenditure -10.9 -18.7% 50
Asset Turnover 0.4 -5.1% 54
Free Cashflow -1.5 -79.4% 43

* All values are TTM

The below chart reflects ACM Research's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While ACM Research's peer average final assessment score stands on 66.0, ACM Research's score is 50.

  •  ACMR
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
Enphase Energy, Inc. 27.8B 58 57 60
Underperform
53
53 0 1
SiTime Corporation 3.8B 58 64 62
Underperform
59
59 1 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 3 1
Navitas Semiconductor Corporation 575.2M 67 53 90
Hold
72
72 4 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 5 1
CyberOptics Corporation 278.5M 74 71 72
Buy
78
78 6 1
NVIDIA Corporation 422.4B 71 63 82
Hold
76
76 7 1
Intel Corporation 157.9B 77 76 58
Hold
75
75 8 1
Texas Instruments Incorporated 143.5B 76 74 70
Buy
80
80 9 1
QUALCOMM Incorporated 142.4B 82 66 77
Buy
82
82 10 1
Advanced Micro Devices, Inc. 139.6B 88 59 57
Hold
69
69 11 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 12 1
Applied Materials, Inc. 84.9B 60 72 69
Hold
69
69 13 1
Analog Devices, Inc. 78.3B 69 65 84
Hold
78
78 14 1
Micron Technology, Inc. 65.6B 81 74 80
Strong Buy
89
89 15 1
Lam Research Corporation 62.4B 59 74 68
Hold
70
70 16 1
KLA Corporation 50.5B 66 67 74
Hold
72
72 17 1
NXP Semiconductors N.V. 41.7B 64 71 73
Hold
73
73 18 1
Marvell Technology, Inc. 40.5B 60 64 65
Hold
61
61 19 1
Microchip Technology Incorporated 33.6B 78 71 79
Buy
85
85 20 1
GLOBALFOUNDRIES Inc. 24.5B 78 70 64
Hold
75
75 21 1
ON Semiconductor Corporation 23.5B 81 73 70
Buy
82
82 22 1
Monolithic Power Systems, Inc. 19.4B 84 66 77
Buy
83
83 23 1
SolarEdge Technologies, Inc. 16.5B 82 53 43
Underperform
54
54 24 1
Skyworks Solutions, Inc. 15.8B 62 70 71
Hold
70
70 25 1
Teradyne, Inc. 15.7B 51 75 68
Hold
66
66 26 1
Entegris, Inc. 14.2B 70 69 65
Hold
70
70 27 1
Qorvo, Inc. 10.6B 67 71 73
Hold
75
75 28 1
Wolfspeed, Inc. 8.7B 73 69 55
Hold
67
67 29 1
First Solar, Inc. 7.5B 58 73 53
Underperform
60
60 30 1
Lattice Semiconductor Corporation 7.2B 68 71 77
Hold
78
78 31 1
MKS Instruments, Inc. 6.0B 70 74 59
Hold
70
70 32 1
Universal Display Corporation 5.4B 75 68 71
Hold
76
76 33 1
Daqo New Energy Corp. 5.4B 93 65 89
Strong Buy
95
95 34 1
Silicon Laboratories Inc. 5.3B 71 70 86
Buy
84
84 35 1
CMC Materials, Inc. 5.2B 80 76 75
Strong Buy
87
87 36 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 37 1
Synaptics Incorporated 5.1B 81 68 67
Hold
76
76 38 1
Power Integrations, Inc. 4.5B 61 80 82
Buy
83
83 39 1
Amkor Technology, Inc. 4.3B 74 70 60
Hold
71
71 40 1
Cirrus Logic, Inc. 4.1B 86 67 91
Strong Buy
92
92 41 1
Allegro MicroSystems, Inc. 4.1B 74 61 56
Hold
62
62 42 1
Onto Innovation Inc. 3.7B 77 67 85
Buy
85
85 43 1
Semtech Corporation 3.6B 67 75 78
Buy
80
80 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 69 76 69
Hold
77
77 45 1
JinkoSolar Holding Co., Ltd. 3.3B 89 62 74
Buy
81
81 46 1
SunPower Corporation 3.2B 61 49 74
Underperform
56
56 47 1
FormFactor, Inc. 3.1B 83 80 68
Strong Buy
87
87 48 1
Diodes Incorporated 3.1B 61 76 72
Hold
75
75 49 1
Silicon Motion Technology Corporation 2.9B 54 72 61
Hold
65
65 50 1
Nova Ltd. 2.8B 61 70 54
Hold
64
64 51 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 52 1
Ambarella, Inc. 2.7B 63 71 80
Hold
77
77 53 1
Kulicke and Soffa Industries, Inc. 2.7B 57 79 83
Buy
80
80 54 1
Rambus Inc. 2.4B 48 64 90
Hold
69
69 55 1
Canadian Solar Inc. 2.2B 58 72 71
Hold
72
72 56 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 57 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 58 1
Himax Technologies, Inc. 1.6B 77 70 67
Buy
79
79 59 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 60 1
Ultra Clean Holdings, Inc. 1.4B 63 63 62
Hold
60
60 61 1
Cohu, Inc. 1.4B 57 75 59
Hold
64
64 62 1
Photronics, Inc. 1.3B 68 71 83
Buy
81
81 63 1
SMART Global Holdings, Inc. 1.1B 86 65 62
Hold
75
75 64 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 65 1
Alpha and Omega Semiconductor Limited 957.1M 77 69 54
Hold
68
68 66 1
NeoPhotonics Corporation 837.4M 66 69 72
Hold
72
72 67 1
PDF Solutions, Inc. 813.0M 62 71 89
Buy
82
82 68 1
CEVA, Inc. 804.5M 73 71 71
Hold
77
77 69 1
Ichor Holdings, Ltd. 789.3M 59 67 59
Underperform
59
59 70 1
indie Semiconductor, Inc. 752.7M 44 43 85
Underperform
50
50 71 1
Magnachip Semiconductor Corporation 681.9M 74 90 57
Buy
83
83 72 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 73 1
Maxeon Solar Technologies, Ltd. 603.6M 53 49 84
Hold
60
60 74 1
Rigetti Computing, Inc. 426.1M 98 73 58
Buy
85
85 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 76 1
Meta Materials Inc. 414.9M 41 43 84
Underperform
47
47 77 1
Valens Semiconductor Ltd. 350.3M 75 65 66
Hold
75
75 78 1
Rockley Photonics Holdings Limited 338.0M 41 79 59
Underperform
58
58 79 1
Transphorm, Inc. 260.9M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. ACM Research's stock is now priced above its 5-day and 50-day, but below its 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is strengthening. Historically, this is a positive setup in both the short and medium-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), ACM Research's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 68.

Neutral 68
Close Price 16.07
52W Low 11.63
52W High 39.23
5D MA 15.25
50D MA 14.71
200D MA 25.04
MACD 0.11
RSI 1.31
STOCH 100.0

Balance Sheet Analysis

ACM Research's most recent balance sheet report was not encouraging. ACM Research did a poor job related to managing cash and cash equivalents this period, which stood at 380.3, representing a -32.5% change from the previous filing. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Its cash and cash equivalents movement, therefore, received a grade of 43. Also, ACM Research publishes discouraging results related to book value factors in this report. As of the current filing, price to book ratio (P/B) was reported as 1.3, representing a -46.3% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.8%. They does not yet appear to be headed in the right direction to achieve strong book value metrics. Consequently, their book value factors movement received a grade of 50. However, one encouraging metric, Liabilities, stood out. ACM Research is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 278.6, representing 15.8% change from the previous period. This performance is all interesting relative to their peers and suggests that their stock price has room to grow to reflect a higher intrinsic value. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 87. Therefore, it received a cautionary score of 52.

Parameter Value Change Score
Assets 1,087.4 3.3% 57
Liabilities 278.6 15.8% 87
Price to Book 1.3 -46.3% 50
Cash & Equivalents 380.3 -32.5% 43
Equity 674.4 -0.3% 51
* All values are TTM

The below chart describes ACM Research's performance as reflected on its balance sheet with respect to its peers. While ACM Research received a balance sheet score of 52, the average of its peers stands on 73.0.

  •  ACMR
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
Enphase Energy, Inc. 27.8B 89 61 39 97 55 58 0 1
SiTime Corporation 3.8B 57 67 65 73 64 58 1 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 3 1
Navitas Semiconductor Corporation 575.2M 37 80 80 62 80 67 4 1
Helix Technology Corporation 364.9M 66 77 79 85 52 65 5 1
CyberOptics Corporation 278.5M 71 66 72 64 86 74 6 1
NVIDIA Corporation 422.4B 78 70 65 97 54 71 7 1
Intel Corporation 157.9B 65 69 76 90 81 77 8 1
Texas Instruments Incorporated 143.5B 63 70 87 46 84 76 9 1
QUALCOMM Incorporated 142.4B 57 71 96 80 81 82 10 1
Advanced Micro Devices, Inc. 139.6B 94 61 78 96 81 88 11 1
Broadcom Inc. 102.5B 67 79 59 56 54 62 12 1
Applied Materials, Inc. 84.9B 71 72 64 41 55 60 13 1
Analog Devices, Inc. 78.3B 62 80 66 65 66 69 14 1
Micron Technology, Inc. 65.6B 73 69 85 76 74 81 15 1
Lam Research Corporation 62.4B 73 77 59 51 45 59 16 1
KLA Corporation 50.5B 75 62 73 53 66 66 17 1
NXP Semiconductors N.V. 41.7B 72 68 56 62 76 64 18 1
Marvell Technology, Inc. 40.5B 71 84 50 46 51 60 19 1
Microchip Technology Incorporated 33.6B 65 84 76 72 65 78 20 1
GLOBALFOUNDRIES Inc. 24.5B 81 66 73 82 74 78 21 1
ON Semiconductor Corporation 23.5B 74 69 77 88 82 81 22 1
Monolithic Power Systems, Inc. 19.4B 85 65 75 92 80 84 23 1
SolarEdge Technologies, Inc. 16.5B 77 62 77 96 86 82 24 1
Skyworks Solutions, Inc. 15.8B 69 77 64 46 52 62 25 1
Teradyne, Inc. 15.7B 48 81 63 45 47 51 26 1
Entegris, Inc. 14.2B 62 71 75 55 79 70 27 1
Qorvo, Inc. 10.6B 64 83 64 67 55 67 28 1
Wolfspeed, Inc. 8.7B 96 63 58 97 56 73 29 1
First Solar, Inc. 7.5B 77 70 50 58 57 58 30 1
Lattice Semiconductor Corporation 7.2B 53 79 79 60 64 68 31 1
MKS Instruments, Inc. 6.0B 59 74 72 76 72 70 32 1
Universal Display Corporation 5.4B 57 76 83 85 70 75 33 1
Daqo New Energy Corp. 5.4B 92 62 81 95 93 93 34 1
Silicon Laboratories Inc. 5.3B 89 81 60 45 47 71 35 1
CMC Materials, Inc. 5.2B 65 79 73 87 82 80 36 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 57 65 37 1
Synaptics Incorporated 5.1B 71 71 78 92 76 81 38 1
Power Integrations, Inc. 4.5B 55 82 59 79 56 61 39 1
Amkor Technology, Inc. 4.3B 70 68 75 74 77 74 40 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 74 86 41 1
Allegro MicroSystems, Inc. 4.1B 68 69 74 80 76 74 42 1
Onto Innovation Inc. 3.7B 84 71 67 72 73 77 43 1
Semtech Corporation 3.6B 58 79 68 67 64 67 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 64 75 74 38 75 69 45 1
JinkoSolar Holding Co., Ltd. 3.3B 87 62 77 94 94 89 46 1
SunPower Corporation 3.2B 72 81 42 83 53 61 47 1
FormFactor, Inc. 3.1B 72 70 84 82 80 83 48 1
Diodes Incorporated 3.1B 46 78 71 51 72 61 49 1
Silicon Motion Technology Corporation 2.9B 40 85 60 40 47 54 50 1
Nova Ltd. 2.8B 86 45 76 48 82 61 51 1
MaxLinear, Inc. 2.7B 68 71 75 85 75 76 52 1
Ambarella, Inc. 2.7B 45 75 74 86 65 63 53 1
Kulicke and Soffa Industries, Inc. 2.7B 45 83 61 76 56 57 54 1
Rambus Inc. 2.4B 43 82 41 95 54 48 55 1
Canadian Solar Inc. 2.2B 91 54 59 62 62 58 56 1
Axcelis Technologies, Inc. 1.9B 76 68 85 71 74 81 57 1
Credo Technology Group Holding Ltd 1.7B 94 61 77 79 86 88 58 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 59 1
Impinj, Inc. 1.4B 62 68 78 39 92 72 60 1
Ultra Clean Holdings, Inc. 1.4B 55 78 68 48 68 63 61 1
Cohu, Inc. 1.4B 52 82 57 59 59 57 62 1
Photronics, Inc. 1.3B 53 85 66 76 66 68 63 1
SMART Global Holdings, Inc. 1.1B 90 63 75 95 82 86 64 1
Veeco Instruments Inc. 1.0B 84 72 41 78 47 58 65 1
Alpha and Omega Semiconductor Limited 957.1M 89 64 67 87 67 77 66 1
NeoPhotonics Corporation 837.4M 89 66 49 72 64 66 67 1
PDF Solutions, Inc. 813.0M 54 81 64 90 51 62 68 1
CEVA, Inc. 804.5M 82 74 60 87 60 73 69 1
Ichor Holdings, Ltd. 789.3M 59 76 65 38 63 59 70 1
indie Semiconductor, Inc. 752.7M 49 54 72 56 56 44 71 1
Magnachip Semiconductor Corporation 681.9M 56 78 79 72 72 74 72 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 73 1
Maxeon Solar Technologies, Ltd. 603.6M 87 68 40 78 38 53 74 1
Rigetti Computing, Inc. 426.1M 94 62 85 99 98 98 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 76 1
Meta Materials Inc. 414.9M 51 78 42 41 51 41 77 1
Valens Semiconductor Ltd. 350.3M 92 70 66 45 73 75 78 1
Rockley Photonics Holdings Limited 338.0M 48 82 40 37 52 41 79 1
Transphorm, Inc. 260.9M 41 87 39 47 55 45 80 1

Income Statement Analysis

ACM Research's income statement showed strong financials, specifically Revenue Efficiency and EBITDA. ACM Research did an excellent job managing its revenue efficiency this past period. ACM Research's revenue efficiency is 258.2 according to the metrics in the current filing, which represents a -0.6% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 18.5%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. As a result, its revenue efficiency earned a score of 88. Also, ACM Research reported impressive EBITDA this period. At filing, EBITDA was reported as 32.3, representing -26.8% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Consequently, their EBITDA movement received a grade of 42. On the other hand, EBITDA, jumped out as looking problematic. ACM Research's management didn't make significant improvements to their EBITDA this period. In terms of the raw numbers, EBITDA was reported as 32.3, which represents a -26.8% change from the last period. This parameter coud affect companies in the same industry and market capitalization by up to 13.2%. The company's EBITDA metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Therefore, their EBITDA component earned a score of 42. Because its management is doing an excellent job managing these critical metrics, the income statement was given a score of 67.

Parameter Value Change Score
EBITDA 32.3 -26.8% 42
Total Revenues 258.2 -0.6% 88
Return on Equity 5.8 -31.2% 42
* All values are TTM

The below chart describes ACM Research's performance as reflected on its income statement with respect to its peers. While ACM Research received a income statement score of 67 , the average of its peers stands on 61.0.

  •  ACMR
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
Enphase Energy, Inc. 27.8B 45 74 55 57 0 1
SiTime Corporation 3.8B 39 93 78 64 1 1
Camtek Ltd. 1.1B 50 81 71 68 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 3 1
Navitas Semiconductor Corporation 575.2M 56 45 72 53 4 1
Helix Technology Corporation 364.9M 89 47 51 74 5 1
CyberOptics Corporation 278.5M 54 87 87 71 6 1
NVIDIA Corporation 422.4B 46 83 68 63 7 1
Intel Corporation 157.9B 90 55 73 76 8 1
Texas Instruments Incorporated 143.5B 69 78 71 74 9 1
QUALCOMM Incorporated 142.4B 48 87 79 66 10 1
Advanced Micro Devices, Inc. 139.6B 40 89 38 59 11 1
Broadcom Inc. 102.5B 59 80 90 71 12 1
Applied Materials, Inc. 84.9B 72 68 73 72 13 1
Analog Devices, Inc. 78.3B 40 91 93 65 14 1
Micron Technology, Inc. 65.6B 59 88 90 74 15 1
Lam Research Corporation 62.4B 80 63 75 74 16 1
KLA Corporation 50.5B 56 77 77 67 17 1
NXP Semiconductors N.V. 41.7B 59 79 90 71 18 1
Marvell Technology, Inc. 40.5B 41 89 88 64 19 1
Microchip Technology Incorporated 33.6B 57 83 92 71 20 1
GLOBALFOUNDRIES Inc. 24.5B 50 93 85 70 21 1
ON Semiconductor Corporation 23.5B 53 92 94 73 22 1
Monolithic Power Systems, Inc. 19.4B 45 90 83 66 23 1
SolarEdge Technologies, Inc. 16.5B 41 70 48 53 24 1
Skyworks Solutions, Inc. 15.8B 69 70 63 70 25 1
Teradyne, Inc. 15.7B 88 57 62 75 26 1
Entegris, Inc. 14.2B 56 80 80 69 27 1
Qorvo, Inc. 10.6B 76 65 63 71 28 1
Wolfspeed, Inc. 8.7B 49 90 86 69 29 1
First Solar, Inc. 7.5B 98 43 40 73 30 1
Lattice Semiconductor Corporation 7.2B 54 88 89 71 31 1
MKS Instruments, Inc. 6.0B 78 66 65 74 32 1
Universal Display Corporation 5.4B 71 63 61 68 33 1
Daqo New Energy Corp. 5.4B 37 96 94 65 34 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 35 1
CMC Materials, Inc. 5.2B 72 76 93 76 36 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 37 1
Synaptics Incorporated 5.1B 45 91 90 68 38 1
Power Integrations, Inc. 4.5B 80 76 83 80 39 1
Amkor Technology, Inc. 4.3B 63 76 77 70 40 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 41 1
Allegro MicroSystems, Inc. 4.1B 68 48 67 61 42 1
Onto Innovation Inc. 3.7B 47 87 89 67 43 1
Semtech Corporation 3.6B 64 84 87 75 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 74 77 73 76 45 1
JinkoSolar Holding Co., Ltd. 3.3B 38 89 81 62 46 1
SunPower Corporation 3.2B 49 43 72 49 47 1
FormFactor, Inc. 3.1B 79 76 83 80 48 1
Diodes Incorporated 3.1B 66 84 86 76 49 1
Silicon Motion Technology Corporation 2.9B 54 83 78 72 50 1
Nova Ltd. 2.8B 41 89 78 70 51 1
MaxLinear, Inc. 2.7B 56 92 96 75 52 1
Ambarella, Inc. 2.7B 56 89 79 71 53 1
Kulicke and Soffa Industries, Inc. 2.7B 73 82 85 79 54 1
Rambus Inc. 2.4B 48 85 62 64 55 1
Canadian Solar Inc. 2.2B 73 76 53 72 56 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 57 1
Credo Technology Group Holding Ltd 1.7B 38 88 63 60 58 1
Himax Technologies, Inc. 1.6B 53 84 66 70 59 1
Impinj, Inc. 1.4B 64 53 52 59 60 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 61 1
Cohu, Inc. 1.4B 92 53 49 75 62 1
Photronics, Inc. 1.3B 55 86 92 71 63 1
SMART Global Holdings, Inc. 1.1B 48 86 68 65 64 1
Veeco Instruments Inc. 1.0B 66 84 91 76 65 1
Alpha and Omega Semiconductor Limited 957.1M 62 75 76 69 66 1
NeoPhotonics Corporation 837.4M 45 95 90 69 67 1
PDF Solutions, Inc. 813.0M 49 95 89 71 68 1
CEVA, Inc. 804.5M 51 90 97 71 69 1
Ichor Holdings, Ltd. 789.3M 72 60 55 67 70 1
indie Semiconductor, Inc. 752.7M 37 47 69 43 71 1
Magnachip Semiconductor Corporation 681.9M 94 80 88 90 72 1
Mykrolis Corp. 657.1M 68 68 58 67 73 1
Maxeon Solar Technologies, Ltd. 603.6M 50 49 60 49 74 1
Rigetti Computing, Inc. 426.1M 92 44 69 73 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 76 1
Meta Materials Inc. 414.9M 37 45 70 43 77 1
Valens Semiconductor Ltd. 350.3M 41 86 65 65 78 1
Rockley Photonics Holdings Limited 338.0M 97 50 83 79 79 1
Transphorm, Inc. 260.9M 37 81 97 68 80 1

Cash Flow Analysis

ACM Research's most recent cash flow report has several troubling numbers, specifically Free Cash flow and Capital Expenditure. ACM Research's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. ACM Research recorded free cash flow of -1.5, which represents -79.4% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 7.4%. their free cash flow situation appears to be much weaker than their peers. Management needs to do a better job balancing cash flow, asset growth, and resources allocations in general. Disappointing results in free cash flow often lead to negative pressure in stock prices, so we rated their free cash flow with a score of 43. Also, ACM Research's management was ineffective in materially improving CapEx, which now sits at -10.9 and represents a -18.7% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Its CapEx movement, therefore, received a grade of 50. That said, one metric, Net Cash Flow, stood out as strongly positive. ACM Research presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 301.5, which is a change of -38.6% from the last filing. This industry-leading net cash flow momentum should reinforce broader positive momentum for its's stock price going forward. The company's net cash flow, therefore, received a grade of 62. Because of these weaknesses, their cash flow received an overall score of 50.

Parameter Value Change Score
Net Cashflow 301.5 -38.6% 62
Capital Expenditure -10.9 -18.7% 50
Asset Turnover 0.4 -5.1% 54
Free Cashflow -1.5 -79.4% 43
* All values are TTM

The below chart describes ACM Research's performance as reflected on its cash flow with respect to its peers. While ACM Research received a cash flow score of 50, the average of its peers stands on 65.0.

  •  ACMR
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
Enphase Energy, Inc. 27.8B 89 77 64 40 60 0 1
SiTime Corporation 3.8B 83 87 56 44 62 1 1
Camtek Ltd. 1.1B 69 70 74 72 71 2 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 3 1
Navitas Semiconductor Corporation 575.2M 70 87 94 93 90 4 1
Helix Technology Corporation 364.9M 75 62 63 56 61 5 1
CyberOptics Corporation 278.5M 49 74 89 78 72 6 1
NVIDIA Corporation 422.4B 93 65 61 86 82 7 1
Intel Corporation 157.9B 57 72 68 53 58 8 1
Texas Instruments Incorporated 143.5B 74 74 63 69 70 9 1
QUALCOMM Incorporated 142.4B 65 65 70 87 77 10 1
Advanced Micro Devices, Inc. 139.6B 93 66 69 37 57 11 1
Broadcom Inc. 102.5B 74 76 87 89 85 12 1
Applied Materials, Inc. 84.9B 75 59 69 72 69 13 1
Analog Devices, Inc. 78.3B 78 76 51 94 84 14 1
Micron Technology, Inc. 65.6B 81 85 81 74 80 15 1
Lam Research Corporation 62.4B 72 60 56 75 68 16 1
KLA Corporation 50.5B 70 76 52 79 74 17 1
NXP Semiconductors N.V. 41.7B 59 72 51 85 73 18 1
Marvell Technology, Inc. 40.5B 94 84 58 46 65 19 1
Microchip Technology Incorporated 33.6B 80 79 48 84 79 20 1
GLOBALFOUNDRIES Inc. 24.5B 54 86 45 64 64 21 1
ON Semiconductor Corporation 23.5B 60 79 55 74 70 22 1
Monolithic Power Systems, Inc. 19.4B 84 78 59 75 77 23 1
SolarEdge Technologies, Inc. 16.5B 46 38 55 52 43 24 1
Skyworks Solutions, Inc. 15.8B 78 57 79 73 71 25 1
Teradyne, Inc. 15.7B 75 65 66 68 68 26 1
Entegris, Inc. 14.2B 60 57 50 77 65 27 1
Qorvo, Inc. 10.6B 78 65 87 71 73 28 1
Wolfspeed, Inc. 8.7B 57 74 76 46 55 29 1
First Solar, Inc. 7.5B 46 84 56 46 53 30 1
Lattice Semiconductor Corporation 7.2B 79 77 43 82 77 31 1
MKS Instruments, Inc. 6.0B 58 58 92 56 59 32 1
Universal Display Corporation 5.4B 74 81 68 65 71 33 1
Daqo New Energy Corp. 5.4B 78 86 63 96 89 34 1
Silicon Laboratories Inc. 5.3B 70 89 81 88 86 35 1
CMC Materials, Inc. 5.2B 72 66 68 80 75 36 1
Tower Semiconductor Ltd. 5.1B 76 57 55 58 68 37 1
Synaptics Incorporated 5.1B 85 62 98 55 67 38 1
Power Integrations, Inc. 4.5B 88 77 64 82 82 39 1
Amkor Technology, Inc. 4.3B 46 57 61 71 60 40 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 91 41 1
Allegro MicroSystems, Inc. 4.1B 56 56 77 56 56 42 1
Onto Innovation Inc. 3.7B 95 65 88 85 85 43 1
Semtech Corporation 3.6B 79 78 58 79 78 44 1
MACOM Technology Solutions Holdings, Inc. 3.4B 46 78 54 78 69 45 1
JinkoSolar Holding Co., Ltd. 3.3B 67 69 73 78 74 46 1
SunPower Corporation 3.2B 84 41 39 93 74 47 1
FormFactor, Inc. 3.1B 78 81 66 58 68 48 1
Diodes Incorporated 3.1B 77 61 52 80 72 49 1
Silicon Motion Technology Corporation 2.9B 63 53 46 85 61 50 1
Nova Ltd. 2.8B 58 53 39 56 54 51 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 52 1
Ambarella, Inc. 2.7B 84 95 45 75 80 53 1
Kulicke and Soffa Industries, Inc. 2.7B 93 81 83 74 83 54 1
Rambus Inc. 2.4B 96 73 89 89 90 55 1
Canadian Solar Inc. 2.2B 69 70 74 68 71 56 1
Axcelis Technologies, Inc. 1.9B 81 77 68 85 82 57 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 58 1
Himax Technologies, Inc. 1.6B 66 77 48 79 67 59 1
Impinj, Inc. 1.4B 70 38 85 73 65 60 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 62 61 1
Cohu, Inc. 1.4B 92 62 71 44 59 62 1
Photronics, Inc. 1.3B 65 92 96 79 83 63 1
SMART Global Holdings, Inc. 1.1B 47 85 95 54 62 64 1
Veeco Instruments Inc. 1.0B 73 82 48 69 71 65 1
Alpha and Omega Semiconductor Limited 957.1M 49 64 45 59 54 66 1
NeoPhotonics Corporation 837.4M 50 63 67 87 72 67 1
PDF Solutions, Inc. 813.0M 81 98 45 92 89 68 1
CEVA, Inc. 804.5M 57 54 84 83 71 69 1
Ichor Holdings, Ltd. 789.3M 51 37 87 71 59 70 1
indie Semiconductor, Inc. 752.7M 69 80 52 98 85 71 1
Magnachip Semiconductor Corporation 681.9M 65 56 76 54 57 72 1
Mykrolis Corp. 657.1M 65 69 68 82 75 73 1
Maxeon Solar Technologies, Ltd. 603.6M 87 90 59 88 84 74 1
Rigetti Computing, Inc. 426.1M 48 76 51 60 58 75 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 76 1
Meta Materials Inc. 414.9M 85 56 68 97 84 77 1
Valens Semiconductor Ltd. 350.3M 53 89 90 46 66 78 1
Rockley Photonics Holdings Limited 338.0M 80 72 66 46 59 79 1
Transphorm, Inc. 260.9M 81 87 96 94 88 80 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.