Dr. David Wang: Higher Revenue Growth Rate Expected in 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
"We plan for a higher revenue growth rate in 2026 amidst healthy investments in production capacity and market share gains from our newer products," said Dr. David Wang, CEO. "We anticipate relatively stable WFE spending by our customers, with incremental contribution from our single-wafer SPM cleaning tools, Tahoe cleaning tools, and Furnace series tools. At the same time, we are accelerating our investments in Oregon to support the industry's shift towards domestic semiconductor production."
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Analyst Views on ACMR
Wall Street analysts forecast ACMR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACMR is 41.80 USD with a low forecast of 36.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 55.790
Low
36.00
Averages
41.80
High
45.00
Current: 55.790
Low
36.00
Averages
41.80
High
45.00
About ACMR
ACM Research, Inc. develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, plasma-enhanced chemical vapor deposition (PECVD), and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. It has also developed Timely Energized Bubble Oscillation (TEBO) technology for application in wet wafer cleaning during the fabrication of two-dimensional (2D) and three-dimensional wafers with fine feature sizes. It has designed these tools for use in fabricating foundry, logic, and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. It also develops, manufactures, and sells a range of advanced packaging tools to wafer assembly and packaging customers. Its other advanced packaging tools include Ultra ECP ap, Ultra C Developer, and Ultra C PR Megasonic-Assisted Stripper.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ACM Research Raises 2025 Revenue Outlook to $900 Million, Projects 2026 Growth
- 2025 Revenue Outlook Adjustment: ACM Research revised its 2025 revenue outlook to $885 million to $900 million, up from $875 million to $925 million, although still below the consensus of $904.47 million, indicating a cautiously optimistic view on future market conditions.
- 2026 Revenue Projection: The company anticipates 2026 revenue to reach $1.080 billion to $1.175 billion, exceeding the street view of $1.05 billion, reflecting management's confidence in market share gains from newer products, particularly in single-wafer SPM cleaners and Tahoe cleaning tools.
- Investment Acceleration: ACM plans to accelerate investments in Oregon to support the industry's shift towards domestic semiconductor manufacturing, which is expected to enhance the company's competitiveness and production capacity.
- Stock Performance: ACM Research shares rose 2.39% to $54.73 in premarket trading on Thursday, nearing its 52-week high of $54.82, demonstrating positive investor sentiment towards the company's outlook.
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ACM Research (ACMR) Revises 2025 Revenue Outlook to $885M-$900M
- Revenue Outlook Adjustment: ACM Research has revised its 2025 revenue outlook to $885M-$900M, tightening from the previous range of $875M-$925M, indicating a cautious optimism regarding market demand.
- 2026 Projections: The company anticipates 2026 revenue to reach $1.08B-$1.175B, exceeding the consensus estimate of $1.06B, reflecting strong growth potential from products like single-wafer SPM cleaning tools.
- CEO Insights: CEO Dr. David Wang highlighted contributions from single-wafer SPM cleaning tools, Tahoe cleaning tools, and Furnace series tools, while stable wafer fab equipment spending provides a favorable market environment for growth.
- Stock Performance: ACM Research's stock traded 1.9% higher during Thursday's pre-market hours, reflecting positive market sentiment towards the company's outlook, which is expected to set a solid foundation for the upcoming Q4 and annual results release.
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