Semiconductor Equipment Maker ACM Research Stuns Markets With Strong Preliminary Results

ACM Research has delivered a stunning preliminary report for the third quarter of 2025, significantly surpassing analyst projections. The semiconductor equipment provider announced preliminary revenue in the range of $264 to $267 million, representing a substantial year-over-year increase of 29% to 31%. This performance handily exceeded the consensus estimate of $251.7 million.

The financial markets responded swiftly and positively to the news. In after-hours trading on Monday, the company's shares climbed a solid 4.9%. The stock had already been demonstrating impressive momentum since the preliminary figures were released on October 29th, having advanced 12.1% over the past seven days and surging 39% over the preceding three-month period.

Analyzing the Preliminary Figures

The company's early revenue numbers outpaced analyst expectations by a notable 5% to 6%. While sales are exploding, the delivered tools, valued between $257 million and $262 million, indicate a trend that is either flat or slightly declining. This divergence between revenue and deliveries suggests a strategic shift towards higher-value products or improved pricing power for the company's offerings.

Should investors sell immediately? Or is it worth buying ACM Research?

ACM Research appears to be capitalizing on the sustained demand for advanced wafer processing solutions. Its proprietary cleaning and plating technologies are critical components in the manufacturing process for next-generation memory chips and logic devices.

The Crucial Next Step: Awaiting the Full Report

Attention now turns to Wednesday morning for the release of the complete quarterly report. Market participants are eagerly anticipating the full financial details and, most importantly, any updated guidance for the full fiscal year. The key question is whether the company will be able to validate and sustain this positive trajectory.

Market experts maintain a favorable outlook on the equity. The consensus rating remains a "Buy," with price targets reaching as high as $50 per share. From a technical analysis perspective, the recent momentum has also created a promising chart setup. Today's full report will ultimately determine if the current optimistic sentiment is warranted or if potential disappointments lie ahead.