ACM Research grows 15.8% in China despite market decline, expanding beyond wafer cleaning.

ACM Research saw its China revenue rise 15.8% in 2025, outperforming the overall semiconductor equipment market, which declined by 0.5%. The company is expanding its product range beyond wafer cleaning into electrochemical plating, furnace processing, and advanced packaging, with these new segments accounting for over half of its sales in early 2026. With a $2.5 billion backlog up 88.2% year-over-year, ACM Research is positioned for continued growth, though earnings growth has yet to match revenue gains. This reflects China's push to localize semiconductor equipment amid export restrictions, offering ACM Research a strong foothold in the domestic market and potential for international expansion.

ACM Research trades at USD 56.57 on Pluang as of Oct 20, 2026 02:51 WIB, up 6.53% in one day. The stock's market cap is $3.70 billion, with a 52-week range from $29.67 to $126.89. Despite strong revenue growth, typical investors hold ACMR shares for about 21 days, with more selling activity at 66% versus 34% buying on Pluang.