ACM Research (ACMR) Investor presentation summary

Business overview and product portfolio

• Supplies semiconductor equipment globally, serving leading manufacturers with differentiated technology that enhances yields and reduces chemical use.

• Holds over 594 patents across the U.S., China, Japan, Singapore, South Korea, and Taiwan as of 12/31/25.

• Operates advanced production facilities in Shanghai and Korea, with an Oregon demo lab and production center under construction.

• Product lines include cleaning, ECP, furnace, PECVD, track, advanced packaging, and related services.

• Integrated circuit wet cleaning equipment covers over 90% of cleaning process steps.

Financial performance and targets

• Achieved a 42% revenue CAGR over the past five years, with FY25 revenue reaching $901M.

• Q2 2026 revenue was $292.9M, up 36% year-over-year, with a GAAP gross margin of 46%.

• Q2 2026 GAAP operating income was $49.7M (17% of revenue), and diluted GAAP EPS was $1.23.

• Long-term internal target set for $4B+ in annual revenue, based on expanding product portfolio and market share.

• Balance sheet shows $1,133M in cash and equivalents at Q2 2026 end.

Market and customer base

• Estimated 2025 serviceable available market (SAM) of $22B, with cleaning, PECVD, track, furnace, plating, and advanced packaging as key segments.

• Revenue mix in 2025: 52.2% from top four customers, with significant exposure to memory, foundry/logic, and packaging sectors.

• Global footprint includes headquarters in Fremont, CA, and major R&D and manufacturing centers in China and Korea.