10 Undervalued Quantum Computing Stocks to Buy Now

6. ACM Research, Inc. (NASDAQ:ACMR)

Number of Hedge Fund Holders: 23

Forward Price to Earnings (P/E) ratio: 9.33

ACM Research, Inc. (NASDAQ:ACMR) makes and sells equipment for semiconductor manufacturing and advanced packaging worldwide. The company focuses especially on wet cleaning tools, advanced packaging gear, dry processing systems, and semi-critical cleaning tech. Its products include names like SAPS, TEBO, and ULTRA C, which handle both front-end and back-end chip fabrication. ACM’s Research segment is growing its presence in the U.S. and China, while developing next-gen wafer-level packaging and dry processing platforms. To grow in the quantum computing sector, it has partnered with companies in quantum computing and keeps delivering tools for cutting-edge chip tech, also making it to our list of cheap stocks to buy now.

In Q4 ended December 31, 2024, ACM Research, Inc. (NASDAQ:ACMR) made $223.5 million in revenue, an increase of 31.2% from last year. While its full-year 2024 revenue jumped 40.2% to $782.1 million, its quarterly EPS hit $0.56, beating the expected $0.31. Shipments for the quarter shot up 88% year-over-year to $264 million, bringing its full-year shipments to $973 million. The company’s Q4 gross margin was 49.8%, with a full-year figure of 50.4%, and finished 2024 with $259.1 million in net cash, a rise of $198.5 million in Q3.

The growth of ACM Research, Inc. (NASDAQ:ACMR) came mostly from strong sales in single-wafer and semi-critical cleaning tools, bringing in $155.2 million in Q4 and $579 million for the whole year. On the other hand, sales from the company’s ECP, furnace, and other technologies grew nearly 61% in Q4.

Even with U.S. export restrictions, management thinks the impact won’t be too bad because of the company’s local supply chains. ACM Research, Inc.’s (NASDAQ:ACMR) new facilities in Lingang and Oregon will help it grow its capacity, and it expects 2025 revenue between $850-950 million, with gross margin guidance of 42-48%.