Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · ACM Research (ACMR)

ACM Research Q3 revenue up 32%; operating income down to $28.9 million

Mixed Impact 3 of 5 earnings Written later

ACM Research reported third-quarter 2025 revenue of $269.2 million, up 32.0% from a year earlier, and narrowed its 2025 revenue guidance to $875 million to $925 million from $850 million to $950 million. Profit measures were mixed: GAAP operating income fell to $28.9 million from $44.2 million, while GAAP diluted EPS rose to $0.52 from $0.45, helped by an $18.7 million unrealized investment gain, and non-GAAP diluted EPS fell to $0.36 from $0.63.

Key points

  • Q3 2025 revenue was $269.2 million, up 32.0% from $204.0 million; GAAP gross margin fell to 42.0% from 51.4%.
  • GAAP operating income was $28.9 million versus $44.2 million; GAAP diluted EPS was $0.52 versus $0.45.
  • 2025 revenue guidance narrowed to $875 million to $925 million from $850 million to $950 million.
  • ACM Shanghai raised approximately $623 million in net proceeds in September 2025; ACM's ownership of ACM Shanghai fell to 74.6% from 81.1%.

The filing

CompanyACM Research (ACMR)
Form8-K, current report
Filed with the SECNov 5, 2025, 8:16 AM ET
Accession number0001628280-25-049264

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.