ACM Research (ACMR) Investor presentation summary

Company overview and product portfolio

• Supplies semiconductor equipment globally, with over 594 patents and advanced facilities in Shanghai, Korea, and Oregon.

• Product lines include cleaning, electroplating, furnace, PECVD, track, and advanced packaging tools.

• Covers over 90% of cleaning process steps and offers comprehensive solutions for wafer and panel-level packaging.

Financial performance and revenue breakdown

• Achieved $901.3M revenue in 2025, up 15.2% year-over-year; Q4 2025 revenue was $244.4M, up 9.4%.

• Non-GAAP gross margin for 2025 was 44.5%, down from 50.4% in 2024; non-GAAP operating income was $143M.

• Diluted non-GAAP EPS for 2025 was $1.61, compared to $2.26 in 2024.

• Product mix in 2025: 69% cleaning, 23% ECP/furnace/other, 8% advanced packaging/other.

Market opportunity and growth strategy

• Estimated 2025 serviceable available market (SAM) is $21B, with new products doubling SAM since 2022.

• Long-term internal target set for $4B+ in revenue, with significant market share goals in China and globally.

• Growth driven by expanding at existing customers, international expansion, new capacity in Shanghai and Oregon, and broadening product portfolio.