ACM Research (ACMR) Q4 2025 Earnings Transcript

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Fri, February 27, 2026 astatine 11:05 AM CST 42 min read

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Thursday, Feb. 26, 2026 astatine 8:00 a.m. ET

• Chief Executive Officer — Dr. David Wang

• Chief Financial Officer — Mark McKechnie

• Chief Financial Officer, ACM Shanghai — Lisa Feng

• Managing Director, Investor Relations — Steven C. Pelayo

Steven C. Pelayo: Good day, everyone. Thank you for joining america to sermon 4th fourth and fiscal twelvemonth 2025 results, which we released earlier the U.S. marketplace opened today. The merchandise is disposable connected our website arsenic good arsenic from Newswire Services. There is besides a supplemental descent platform posted to the Investor Relations conception of our website that we volition notation during our prepared remarks. On the telephone with maine contiguous are our CEO, Dr. David Wang; our CFO, Mark McKechnie; and Lisa Feng, our CFO of our operating subsidiary, ACM Shanghai. Before we continue, delight crook to Slide 2. Let maine punctual you that remarks made during this telephone whitethorn see predictions, estimates oregon different accusation that mightiness beryllium considered forward-looking.

These forward-looking statements correspond ACM's existent judgement for the future. However, they are taxable to risks and uncertainties that could origin existent results to disagree materially. Those risks are described nether the hazard factors and elsewhere successful ACM's filings with the Securities and Exchange Commission. Please bash not spot undue reliance connected these forward-looking statements, which bespeak ACM's opinions lone arsenic of the day of this call. ACM is not obliged to update you connected immoderate revisions to these forward-looking statements. Certain fiscal results that we supply connected this telephone volition beryllium connected a non-GAAP basis, which excludes stock-based compensation and unrealized summation oregon nonaccomplishment connected short-term investments.

For our GAAP results and reconciliations betwixt GAAP and non-GAAP amounts, you should notation to our net release, which is posted connected the IR conception of our website and to Slides 14 and 15. Also, unless different noted, the pursuing figures notation to the 4th fourth and fiscal twelvemonth 2025, and comparisons are going to beryllium with the 4th fourth and fiscal twelvemonth 2024. I volition present crook the telephone implicit to David Wang. David?

David Wang: Thanks, Steven. And hello, everyone, and invited to ACM's Fourth Quarter and Fiscal Year 2025 Earnings Conference Call. I'm pleased with our 4th fourth results, which capped disconnected a coagulated twelvemonth of execution. Revenue grew 9% successful the 4th fourth and 15% for the afloat year. We proceed to execute good crossed our halfway business. We made a batch of advancement with caller merchandise platforms, and we strengthened our presumption successful China and globally. Investment successful AI and information halfway infrastructure is reshaping the planetary semiconductor demand, shifting superior towards precocious logic, representation and precocious packaging. The manufacture is looking to cardinal supplier for caller technology, galore of which person not yet been invented.