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ASML Holding NV vs ACM Research: ASML and ACMR compared
ASML Holding NV is the larger company: $32.7B of revenue in its latest quarter (FY2025) against $368M for ACM Research (Q3 2026). ACM Research is growing faster (+37% against +16% a year earlier). ASML Holding NV is more profitable, with an operating margin of 34.6% against 15.1%.
Where the money goes: ASML and ACMR
ASML Holding NV (ASML) · FY2025
ASML Holding NV, FY2025: revenue $32.7B (+16% year over year), operating margin 34.6%, net earnings $9.6B, operating cash flow $12.7B. The chart follows the revenue to costs, profit and cash.
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.
| ASML Holding NV (ASML) | ACM Research (ACMR) | |
|---|---|---|
| Latest quarter | FY2025 | Q3 2026 |
| Revenue | $32.7B | $368M |
| Revenue growth, Y/Y | +16% | +37% |
| Gross margin | 52.8% | 41.5% |
| Operating margin | 34.6% | 15.1% |
| Net earnings | $9.6B | $1.5M |
| Net margin | 29.4% | 0.4% |
| Operating cash flow | $12.7B | −$70.4M |
| Free cash flow | $11.1B | — |
| 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%)
Questions
Which is bigger, ASML Holding NV or ACM Research?
ASML Holding NV is the larger company: $32.7B of revenue in its latest quarter (FY2025) against $368M for ACM Research (Q3 2026).
Is ASML Holding NV or ACM Research growing faster?
ACM Research is growing faster (+37% against +16% a year earlier).
Which is more profitable, ASML Holding NV or ACM Research?
ASML Holding NV is more profitable, with an operating margin of 34.6% against 15.1%.
More: ASML Holding NV earnings · how ASML Holding NV makes money · ACM Research earnings · how ACM Research makes money
From the companies' latest 10-Q, 10-K or earnings release (20-F filed Feb 25, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.