ACM Research
ACMR · NASDAQ · Technology
$68.51
+$0.75 (+1.09%) today
Market Cap
$4.77B
24h Volume
$109.2M
P/E Ratio
32.3
52w High
$126.89
52w Low
$29.67
Est. AI Revenue
15%
7-Day Sparkline (Static)
Company facts
Performance
About ACM Research
ACM Research makes wafer processing equipment, led by cleaning systems that remove microscopic contamination between manufacturing steps. Cleaning is repeated hundreds of times per wafer, making it one of the most frequently used tool categories in a fab. Most sales go to fabs in China, and revenue comes from equipment plus upgrades and service.
Its Ultra C line spans SAPS and TEBO megasonic cleaning technologies that clear particles from ever smaller features without damage. Ultra ECP plating tools deposit the copper used in interconnects and advanced packaging, and Ultra Fn furnaces extend the portfolio into thermal processing. Cleaning steps multiply as chips add layers, which grows the served market with each node.
Founded in 1998 and headquartered in Fremont, CA, ACM Research employs about 2,500 people and lists on NASDAQ under ACMR.
ACM Research in the AI buildout
ACM Research sits in the Chip Equipment layer as a cleaning and plating specialist. Global capacity expansion, including the leading edge and packaging investment triggered by AI demand, pulls its tools into new fabs, and its plating and cleaning systems touch the advanced packaging steps used for AI class devices. The exposure is capped by geography and mix: most revenue comes from China based fabs weighted to mature nodes, so AI is one driver among several rather than the dominant one.
ACMR is tracked in Chip Equipment & Foundries, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
ACMR trades at $68.51, 40% of the way up its 52-week range of $29.67 to $126.89.
Market cap
Market capitalization is $4.77B, with an AI Exposure Score of 38 out of 100.
Valuation vs peers
Its P/E ratio of 32.3 is below the Chip Equipment & Foundries category median of 44.2.
Next earnings
ACM Research is next expected to report earnings on November 4, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does ACM Research do?
ACM Research makes semiconductor wafer processing equipment, led by cleaning systems that remove microscopic contamination between manufacturing steps. It also sells electroplating tools for copper deposition and furnaces for thermal processing, mostly to fabs in China.
How is ACM Research exposed to AI?
Its cleaning and plating tools benefit from the global fab capacity buildout that AI demand triggered, including advanced packaging steps. Supercycle rates it Growing with an AI Exposure Score of 38 out of 100, reflecting China concentration and mature node weighting.
What are ACM Research's main products?
The Ultra C cleaning line built on SAPS and TEBO megasonic technologies, Ultra ECP electroplating tools used in interconnects and advanced packaging, and Ultra Fn furnaces for thermal processing steps.
Who leads ACM Research and where is it based?
Hui Wang, the company's founder, serves as CEO. Founded in 1998, ACM Research is headquartered in Fremont, CA, employs about 2,500 people, and lists on NASDAQ under the ticker ACMR.
Is ACMR a pure play AI stock?
No. Supercycle rates ACM Research in the Growing tier with a score of 38. It is a fast growing equipment niche player levered to overall fab construction, but its China customer base is weighted to mature nodes rather than AI specific capacity.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.