)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
ACM Research (ACMR) investor relations material
ACM Research Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Q3 2025 revenue reached $269.2 million, up 32% year-over-year, driven by strong demand across product lines and innovation in wafer processing technology.
Gross margin declined to 42.0%–42.1%, impacted by product mix and inventory provisions.
Net income attributable to the company was $35.9 million (GAAP), up 16% year-over-year; non-GAAP net income was $24.8 million, down from $42.4 million.
ACM Shanghai completed a $623 million capital raise, reducing the parent’s equity interest to 74.6% and paid a $36.8 million dividend.
Diluted EPS was $0.52 (GAAP) and $0.36 (non-GAAP), compared to $0.45 and $0.63, respectively, in Q3 2024.
Financial highlights
Q3 2025 revenue: $269.2 million (up 32% YoY); shipments: $263.1 million (up 0.7% YoY and 28% sequentially).
Segment revenue: Cleaning $181.6 million (up 12.8%), ECP/furnace/other $59.9 million (up 73%), advanced packaging/services/spares $27.7 million (up 230.6%).
GAAP gross margin: 42.0% (down from 51.4% YoY); non-GAAP gross margin: 42.1% (down from 51.6%).
Operating income: $36.5 million (non-GAAP), $28.9 million (GAAP); operating margin: 13.6% (non-GAAP), 10.7% (GAAP).
Cash and equivalents at quarter end: $1.1 billion; net cash: $811 million.
Outlook and guidance
2025 revenue guidance narrowed to $875–$925 million, reflecting trade policy, customer spending, supply chain, and tool acceptance timing.
Gross margin expected to remain between 42.0% and 48.0% for the foreseeable future.
Anticipates higher growth rates for cleaning segment and incremental revenue from new products in 2026 and beyond.
Sufficient liquidity for at least the next 12 months, with $1.1 billion in cash, equivalents, and time deposits.
Shipments expected to pick up in the first half of next year as deferred orders and new products contribute.
What caused the 300bps inventory write-down impact?
Panel-level packaging: market opportunity and ramp
How will capital raise accelerate global market share?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ACM Research earnings date
Q4 202527 Feb, 2026
Next ACM Research earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ACM Research, Inc. engages in the development, manufacture, and sale of single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. Its products include single-wafer ultrasonic cleaning equipment; and single-wafer megasonic cleaning equipment. The company offers its products to wafer manufacturers and assemblers serving the logic and memory semiconductor industries. ACM Research, Inc. was incorporated in 1998 and is headquartered in Fremont, California.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage