10-QIndustrial Machinery

ACM Research, Inc.

ACMR · Period ending 2026-03-31 · Filed 2026-05-08

Valuation

Industrial Machinery
Live · Yahoo Finance

Price

$80.57

52-Week Range

$23.03$80.57 now$94.21

Decision Context

Beneish M-Score flags possible earnings quality concerns. The financial metrics above warrant additional scrutiny of reported figures.

Based on filing period ending Mar 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

ACMR vs

Macro Context

SWOT Analysis — ACMR

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

Strengths

  • Revenue: $74.6M (+104.5% YoY) — Revenue grew 104% — the company sold more goods or services than the prior year.

  • Total Assets: $2.9B (+54.8% YoY) — Total assets grew 55% — the company's resource base expanded.

Weaknesses

  • Operating Cash Flow: -$10.3M (-106.8% YoY) — Negative operating cash flow — the business consumed more cash than it produced from operations.

  • EPS (Diluted): $1.37 (-10.5% YoY) — Earnings per share fell 10%.

  • Net Income: $94.1M (-9.2% YoY) — Profit fell 9% but remained positive.

  • R&D spending is 194% of revenue — heavy investment in future growth, but also a drag on current profitability.

  • Stock is near its 52-week high (93.90) — the price reflects strong recent momentum, but entry risk is elevated at these levels.

Opportunities

No clear opportunities identified at this time.

Threats

  • Negative operating cash flow of $10.3M — the core business consumed more cash than it generated.

  • Gross margin compressed by 536.6pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

Financial Charts

Revenue vs Net Income

Gross Profit vs Operating Income

Margin Trend

Operating Cash Flow

Year-over-Year Changes

Operating Cash Flow

-$10.3M

was $152.4M

−106.8%

Negative operating cash flow — the business consumed more cash than it produced from operations.

Revenue

$74.6M

was $36.5M

+104.5%

Revenue grew 104% — the company sold more goods or services than the prior year.

Total Assets

$2.9B

was $1.9B

+54.8%

Total assets grew 55% — the company's resource base expanded.

EPS (Diluted)

$1.37

was $1.53

−10.5%

Earnings per share fell 10%.

Net Income

$94.1M

was $103.6M

−9.2%

Profit fell 9% but remained positive.

Risk Flags

1 high · 1 medium · 2 low
  • High

    Negative operating cash flow of $10.3M — the core business consumed more cash than it generated.

  • Medium

    Gross margin compressed by 536.6pp — input costs or pricing pressure is eroding profitability on each dollar of revenue.

  • Low

    R&D spending is 194% of revenue — heavy investment in future growth, but also a drag on current profitability.

  • Low

    Stock is near its 52-week high (93.90) — the price reflects strong recent momentum, but entry risk is elevated at these levels.

Price History

Technical Signals

Daily closes · 1-year data

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Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.