Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q3 2025 Earnings Presentation
13 slides from Acm Research's earnings presentation, Nov 5, 2025
Slide 1: Supplemental Investor Presentation
Supplemental Investor Presentation Earnings Release – Third Quarter 2025 November 5, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Certain statements contained in this presentation are not historical facts and may be forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and simil
Slide 3: Q3 2025 Summary
Q3 2025 Summary Q3 2025 Financial Results • $269.2 million revenue (up 32.0% y/y); total shipments of $263.1 million (up 1% y/y) • 42.0% GAAP gross margin (versus 51.4% in Q3 2024) • 42.1% non-GAAP gross margin (versus 51.6% in Q3 2024) • $28.9 million GAAP operating income (down 34.5% y/y; 10.7% of
Slide 4: Q3 2025 Revenue Detail
Q3 2025 Revenue Detail Revenue by Product: Q3’25 vs Q3’24 Cleaning 32.0% $269.2M • $181.6M revenue (up 12.8%) 10% Advanced Packaging & Other • Revenue mix 67% vs. 79% $204.0M 22% ECP, Furnace & Other 4% ECP, Furnace & Other 17% • $59.9M revenue (up 73.0%) • Revenue mix 22% vs. 17% 67% Cleaning 79% A
Slide 5: Innovative Product Introductions Expanding Serviceable Available Market
Innovative Product Introductions Expanding Serviceable Available Market (“SAM”) 1 PECVD | $5.1B Introduced late 2022 Track | $2.9B Introduced late 2022 Estimated 2025 SAM of $20 billion addressed by 2020: Furnace, LPCVD, Furnace | $2.6B ACM Research’s current Vacuum Anneal, High- Temperature Oxidati
Slide 6: Long-Term Target for $4B+ in Revenue
Long-Term Target for $4B+ in Revenue Advanced Packaging & Other Long-Term Target Composition > $4B* ECP, Furnace & Other ACM Research Cleaning Mainland China ACM Research SAM1 China SAM2 Share3 Revenue Cleaning $7.0B $2.4B 60% $1.45B ECP $1.4 $0.5 60% $298M Furnace $2.6 $0.9 15% $134 PECVD $5.1 $1.8
Slide 7: Tier One Customer Base
Tier One Customer Base Back-End and Wafer Mfg Front-End Customers Customers • ACM 2024 Revenue %: 14% • ACM 2024 Revenue %: 12% • ACM 2024 Revenue %: 15% • Mainland China’s largest foundry • Major new entrant into NAND flash and DRAM • Leading advanced foundry in China industry • Tier-one customers
Slide 8: ACM Shanghai Facilities
ACM Shanghai Facilities ACM Shanghai HQ and R&D Center Chuansha Production Facilities Lingang R&D and Production Center • ACM Shanghai Headquarters and China R&D • Located in Chuansha area of Pudong district, • Lingang R&D and Production Center Center approximately 11 miles from ACM Shanghai’s Zhang
Slide 9: ACM Oregon R&D and Clean Room Facility
ACM Oregon R&D and Clean Room Facility 6357 NE Evergreen Parkway, Hillsboro, Oregon • Purchased October 1, 2024 • 39,500 sq. feet facility including 5,200 sq. feet clean room • To further expand ACM’s R&D and demonstration capability in the U.S. market 9
Slide 10: 2025 Outlook
2025 Outlook • Update 2025 Revenue Guidance Range: $875M - $925M (vs. Prior $850M - $950M) • Outlook reflects, among other things: • Current assessment of the continuing impact from international trade policy • Various expected spending scenarios of key customers, supply chain constraints, and the t
Slide 11: Q3 2025 Financial Results
Q3 2025 Financial Results Revenue Non-GAAP Gross Profit +32.0% +7.7% $269.2M $113.4M $105.3M $204.0M 51.6% 42.1% Q3‘24 Q3’25 Q3’24 Q3’25 EPS Balance Sheet Finished goods inventory GAAP Non-GAAP End ing cash & ca sh equ ivale nts 1 $0.52 $0.63 $1,098M $0.45 $0.36 $369M $442M $498M $484M $299M $293M $
Slide 12: Appendix
Appendix
Slide 13: Q3 2025 GAAP to Non-GAAP Reconciliation
Q3 2025 GAAP to Non-GAAP Reconciliation 13