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ACM Research vs Cricut: ACMR and CRCT compared
ACM Research is the larger company: $368M of revenue in its latest quarter (Q3 2026) against $189M for Cricut (Q3 2026). ACM Research is growing faster (+37% against +11% a year earlier). Cricut is more profitable, with an operating margin of 18.0% against 15.1%.
Where the money goes: ACMR and CRCT
ACM Research (ACMR) · Q3 2026
ACM Research, Q3 2026: revenue $368M (+37% year over year), operating margin 15.1%, net earnings $1.5M, operating cash flow −$70.4M. The chart follows the revenue to costs, profit and cash.
Cricut (CRCT) · Q3 2026
Cricut, Q3 2026: revenue $189M (+11% year over year), operating margin 18.0%, net earnings $27.8M, operating cash flow $23.7M. The chart follows the revenue to costs, profit and cash.
| ACM Research (ACMR) | Cricut (CRCT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $368M | $189M |
| Revenue growth, Y/Y | +37% | +11% |
| Gross margin | 41.5% | 57.7% |
| Operating margin | 15.1% | 18.0% |
| Net earnings | $1.5M | $27.8M |
| Net margin | 0.4% | 14.8% |
| Operating cash flow | −$70.4M | $23.7M |
| Market value | $3.3B | — |
| P/E | 19.4× | — |
| Analysts’ mean target | $115.33 | — |
Where the revenue comes from
ACM Research
- Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment: $211M (57%)
- ECP (front-end and packaging), Furnace and Other Technologies: $109M (30%)
- Advanced Packaging (excluding ECP), Services & Spares: $47.5M (13%)
Cricut
- Products: $103M (54%)
- Platform: $85.9M (46%)
Questions
Which is bigger, ACM Research or Cricut?
ACM Research is the larger company: $368M of revenue in its latest quarter (Q3 2026) against $189M for Cricut (Q3 2026).
Is ACM Research or Cricut growing faster?
ACM Research is growing faster (+37% against +11% a year earlier).
Which is more profitable, ACM Research or Cricut?
Cricut is more profitable, with an operating margin of 18.0% against 15.1%.
More: ACM Research earnings · how ACM Research makes money · Cricut earnings · how Cricut makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.