Roth Capital Remains Bullish on ACM Research, Inc. (ACMR) - Here's Why

ACM Research, Inc. (NASDAQ:ACMR) is one of the best semiconductor equipment stocks to invest in now.

On February 27, Roth Capital lifted the price target on ACM Research, Inc. (NASDAQ:ACMR) to $70 from $40, maintaining a Buy rating on the shares and telling investors that the company reported a fiscal Q4 seasonal revenue decline consistent with consensus expectations. The firm stated that it is encouraged by the strong double-digit 2026 revenue growth guidance, with contributions from new customers in new geographies, along with core China demand strength.

The rating update came after ACM Research, Inc. (NASDAQ:ACMR) reported its fiscal Q4 and full-year 2025 earnings on February 26. Total shipments in 2025 reached $854 million, down 12.2%, while total shipments in fiscal Q4 2025 were $228 million compared to $264 million in the prior year period. Management reported that total shipments included deliveries for revenue in the quarter and deliveries of first tools awaiting customer acceptance for potential revenue recognition in future quarters.

Revenue for the full year 2025 reached $901.3 million, up 15.2%, exhibiting growth of single wafer cleaning, Tahoe and semi-critical cleaning equipment, and higher sales of ECP, furnace and other technologies, and advanced packaging, services, and spares. Revenue for fiscal Q4 2025 reached $244.4 million, reflecting a 9.4% growth.

ACM Research, Inc. (NASDAQ:ACMR) develops, manufactures, and sells single-wafer wet cleaning equipment, supplying process solutions that can be used by semiconductor manufacturers in numerous manufacturing steps to remove particles, contaminants, and other random defects.

While we acknowledge the potential of ACMR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.