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ACM Research vs Lam Research: revenue, profit, margins and growth compared

ACM Research brought in $901.3M of revenue in fiscal 2025, Lam Research $23.2B in fiscal 2026. Revenue changed by +15.2% at ACM Research and +26.0% at Lam Research on the year before, so Lam Research grew faster. ACM Research kept 10.4% of its revenue as net profit, Lam Research 31.3%. Free cash flow was -$66.6M at ACM Research and $4.9B at Lam Research.

Side by side, latest fiscal year

ACMRLRCX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 28, 2026)
Revenue$901.3M$23.2B
Revenue growth+15.2%+26.0%
Net income$94.1M$7.3B
Net margin10.4%31.3%
Free cash flow-$66.6M$4.9B
Free cash flow margin-7.4%21.1%
Earnings per share (diluted)$1.37$5.76
Cash$757.4M$5.6B
Debt$214M$3.7B
Price to earnings56.454.7
Market value$5.4B$394.4B
Dividend yieldn/a0.33%
Rank by revenue in sector#228 of 530 · Technology#31 of 530 · Technology

Over the years

Revenue
ACMR FY2018: $74.6MACMR FY2019: $107.5MACMR FY2020: $156.6MACMR FY2021: $259.8MACMR FY2022: $388.8MACMR FY2023: $557.7MACMR FY2024: $782.1MACMR FY2025: $901.3MLRCX FY2019: $9.7BLRCX FY2020: $10BLRCX FY2021: $14.6BLRCX FY2022: $17.2BLRCX FY2023: $17.4BLRCX FY2024: $14.9BLRCX FY2025: $18.4BLRCX FY2026: $23.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACMR $901.3MLRCX $23.2B
Net income
ACMR FY2018: $6.6MACMR FY2019: $18.9MACMR FY2020: $18.8MACMR FY2021: $37.8MACMR FY2022: $39.3MACMR FY2023: $77.3MACMR FY2024: $103.6MACMR FY2025: $94.1MLRCX FY2019: $2.2BLRCX FY2020: $2.3BLRCX FY2021: $3.9BLRCX FY2022: $4.6BLRCX FY2023: $4.5BLRCX FY2024: $3.8BLRCX FY2025: $5.4BLRCX FY2026: $7.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACMR $94.1MLRCX $7.3B
Net margin
ACMR FY2018: 8.8%ACMR FY2019: 17.6%ACMR FY2020: 12.0%ACMR FY2021: 14.5%ACMR FY2022: 10.1%ACMR FY2023: 13.9%ACMR FY2024: 13.2%ACMR FY2025: 10.4%LRCX FY2019: 22.7%LRCX FY2020: 22.4%LRCX FY2021: 26.7%LRCX FY2022: 26.7%LRCX FY2023: 25.9%LRCX FY2024: 25.7%LRCX FY2025: 29.1%LRCX FY2026: 31.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ACMR 10.4%LRCX 31.3%
Revenue growth
ACMR FY2019: +44.1%ACMR FY2020: +45.7%ACMR FY2021: +65.8%ACMR FY2022: +49.7%ACMR FY2023: +43.4%ACMR FY2024: +40.2%ACMR FY2025: +15.2%LRCX FY2020: +4.1%LRCX FY2021: +45.6%LRCX FY2022: +17.8%LRCX FY2023: +1.2%LRCX FY2024: -14.5%LRCX FY2025: +23.7%LRCX FY2026: +26.0%FY19FY20FY21FY22FY23FY24FY25FY26
ACMR +15.2%LRCX +26.0%
Free cash flow
ACMR FY2018: $5.1MACMR FY2019: $8.4MACMR FY2020: -$18.8MACMR FY2021: -$49.2MACMR FY2022: -$153.3MACMR FY2023: -$137.2MACMR FY2024: $70MACMR FY2025: -$66.6MLRCX FY2019: $2.9BLRCX FY2020: $1.9BLRCX FY2021: $3.2BLRCX FY2022: $2.6BLRCX FY2023: $4.7BLRCX FY2024: $4.3BLRCX FY2025: $5.4BLRCX FY2026: $4.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACMR -$66.6MLRCX $4.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about ACM Research and Lam Research

Which is bigger by revenue, ACM Research or Lam Research?

Lam Research is bigger by revenue: $23.2B in fiscal 2026, against $901.3M for ACM Research in fiscal 2025.

Which keeps more of its revenue as profit, ACM Research or Lam Research?

ACM Research had a net margin of 10.4% in fiscal 2025; Lam Research had 31.3% in fiscal 2026.

Which grew revenue faster, ACM Research or Lam Research?

In their latest fiscal years revenue changed by +15.2% at ACM Research and +26.0% at Lam Research.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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