ACM Research Reports Second Quarter 2026 Results
ACM Research, Inc. (ACMR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 ACM Research Reports Second Quarter 2026 Results FREMONT, Calif., August 07, 2026 (Globe Newswire) – ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today r
How this was made
The 30-second read
Why it matters
The key tradable items are the raised full-year revenue guidance range, the reported YoY growth in revenue and shipments, and operational milestones/orders that support forward demand into 4Q26 and 2027 deliveries.
Market read
Traders can update 2026 revenue expectations immediately based on the guidance raise and corroborating operational indicators (ECP adoption milestone, Tahoe volume production, new Ultra ECP orders).
What to watch
Guidance is tied to international trade policy impacts and timing of customer acceptances for first tools, which can create quarter-to-quarter volatility despite raised annual revenue range.
ACM Research Reports Second Quarter 2026 Results
Revenue and shipments each increased 36% year over year, operating income increased, and ACM raised its fiscal year 2026 revenue guidance range.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| RevenueGAAP | $292.9M | – | up 36.0% |
| Gross marginGAAP | 46.0% | – | – |
| Gross marginnon-GAAP | 46.0% | – | – |
| Operating expensesGAAP | $84.9M | – | an increase of 16.6% |
| Operating expenses as a percentage of revenueGAAP | 29.0% | – | – |
| Operating expensesnon-GAAP | $78.5M | – | up 23.9% |
| Non-GAAP operating expenses as a percentage of revenuenon-GAAP | 26.8% | – | – |
| Income from operationsGAAP | $49.74M | – | – |
| Operating marginGAAP | 17.0% | – | – |
| Income from operationsnon-GAAP | $56.33M | – | – |
| Non-GAAP operating marginnon-GAAP | 19.2% | – | – |
| Unrealized gain on short-term investmentsother | $69.6M | – | – |
| Income tax expenseGAAP | $13.5M | – | – |
| Net income attributable to ACM Research, Inc.GAAP | $88.98M | – | – |
| Net income attributable to ACM Research, Inc.non-GAAP | $44.52M | – | – |
| Basic EPSGAAP | $1.31 | – | – |
| Basic EPSnon-GAAP | $0.66 | – | – |
| Diluted EPSGAAP | $1.23 | – | – |
| Diluted EPSnon-GAAP | $0.61 | – | – |
| Total shipmentsother | $281.5M | – | up 36.4% |
| Cash and cash equivalents, plus restricted cash and short-term time depositsother | $1.36B | – | – |
| Net cashother | $1B | – | – |
| Six Months Ended June 30 RevenueGAAP | $524.2M | – | – |
| Six Months Ended June 30 Gross marginGAAP | 46.1% | – | – |
| Six Months Ended June 30 Gross marginnon-GAAP | 46.2% | – | – |
| Six Months Ended June 30 Income from operationsGAAP | $85.92M | – | – |
| Six Months Ended June 30 Income from operationsnon-GAAP | $98.12M | – | – |
| Six Months Ended June 30 Net income attributable to ACM Research, Inc.GAAP | $106.3M | – | – |
| Six Months Ended June 30 Net income attributable to ACM Research, Inc.non-GAAP | $68.48M | – | – |
| Six Months Ended June 30 Basic EPSGAAP | $1.59 | – | – |
| Six Months Ended June 30 Basic EPSnon-GAAP | $1.02 | – | – |
| Six Months Ended June 30 Diluted EPSGAAP | $1.49 | – | – |
| Six Months Ended June 30 Diluted EPSnon-GAAP | $0.96 | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
fiscal year 2026 outlook
- Revenue$1.125 billion to $1.175 billion
- NoteACM has raised its revenue guidance range to $1.125 billion to $1.175 billion for fiscal year 2026, from the prior range of $1.08 billion to $1.175 billion.
- Notelong-term revenue target of $4 billion
What drove it
- Revenue growth was primarily driven by higher sales of ECP (front-end and packaging), furnace and other technologies, and advanced packaging (excluding ECP), services & spares.
- ECP and advanced packaging categories grew 168% and 153%, respectively.
- ACM shipped its 2,000th electroplating chamber.
- Customer demand as demonstrated by increased order activity provides ACM with good visibility for the remainder of 2026.
Concerns
- Gross margin was 46.0% versus 48.5%.
- Revenue growth was partially offset by lower sales of single-wafer cleaning, Tahoe and semi-critical cleaning tools.
- The fiscal year 2026 outlook is based on ACM management's assessment of international trade policy, key-customer spending scenarios, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field.
- Non-GAAP operating margin was 19.2% compared to 19.3%.
What to watch
- Customer evaluations and product ramps across SPM Cleaning, Track, PECVD and horizontal panel-level plating for advanced packaging.
- Delivery of one 510 × 515 mm Ultra ECP ap-p tool scheduled for the first half of 2027.
- Delivery of one 310 × 310 mm tool scheduled for the fourth quarter of 2026.
- Timing of acceptances for first tool systems awaiting customer acceptance for potential revenue in future quarters.
- Progress at ACM's Oregon facility and expanding engagement with global customers.
Balance sheet and cash flow
- Cash and cash equivalents, plus restricted cash and short-term time deposits were $1.36 billion at June 30, 2026, compared to $1.25 billion at March 31, 2026.
- Net cash, which excludes short-term and long-term borrowings, was $1.0 billion at June 30, 2026, compared to $924.2 million at March 31, 2026.
Analysis
ACM reported a strong second quarter ended June 30, 2026. Revenue was $292,919, up 36.0%, while total shipments were $281.5 million, up 36.4%. Management attributed revenue growth to higher sales of ECP, furnace and other technologies, advanced packaging excluding ECP, and services & spares. ECP and advanced packaging categories grew 168% and 153%, respectively, and the company shipped its 2,000th electroplating chamber.
Profitability improved on a GAAP operating basis despite lower gross margin. GAAP income from operations was $49,743 versus $31,694, and GAAP operating margin was 17.0% compared to 14.7%. Gross margin was 46.0% versus 48.5%, while non-GAAP gross margin was 46.0% versus 48.7%. The company cited product mix, currency impacts and sales volume as factors that can cause gross margin to vary between periods.
GAAP net income attributable to ACM Research, Inc. was $88,984, compared with $29,760, but the result included a $69.6 million unrealized gain on short-term investments. Non-GAAP net income attributable to ACM Research, Inc. was $44,516 versus $37,316, and non-GAAP diluted EPS was $0.61 versus $0.55. Operating expenses grew more slowly than revenue on a GAAP basis, with operating expenses as a percentage of revenue declining to 29.0% from 33.8%.
Liquidity increased during the quarter. Cash and cash equivalents, plus restricted cash and short-term time deposits were $1.36 billion at June 30, 2026, compared to $1.25 billion at March 31, 2026. Net cash was $1.0 billion, compared to $924.2 million at March 31, 2026. ACM raised fiscal year 2026 revenue guidance to $1.125 billion to $1.175 billion from $1.08 billion to $1.175 billion, citing increased order activity and visibility while identifying international trade policy, customer spending scenarios, supply chain constraints and first-tool acceptance timing as outlook factors.
Management, verbatim
We delivered a strong second quarter, with revenue and shipments both increasing 36% year over year.
Dr. David Wang, President and Chief Executive Officer
We see 2026 as a ‘Big Year’ for new products as we proceed with customer evaluations and product ramps across multiple platforms, including SPM Cleaning, Track, PECVD and horizontal panel-level plating for advanced packaging .
Dr. David Wang, President and Chief Executive Officer
Not in the filing
stated, not guessed- Prior-quarter revenue, gross margin, operating expenses, operating income, net income and EPS
- Prior-year GAAP operating expenses amount
- Operating cash flow
- Free cash flow
- Capital-return activity, including share repurchases and dividends
- Total debt and individual short-term and long-term borrowing balances
- Tax rate
- Revenue amounts for ECP, advanced packaging, furnace and other technologies, services & spares, single-wafer cleaning, Tahoe and semi-critical cleaning tools
- Reportable segment revenue and segment-level comparisons
- Fiscal year 2026 guidance for gross margin, operating expenses and tax rate
- Prior-release outlook section needed for a period-matched actual-versus-prior-guidance comparison
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC 8-K with Exhibit 99.1 covering ACM Research’s Q2 2026 results and updated FY2026 revenue outlook.
Ticker impact
ACM Research reported Q2 results and raised FY2026 revenue guidance to $1.125B-$1.175B, citing demand visibility and product ramps.
Likely positive bias for the stock as traders reprice 2026 revenue growth and margin durability, though gross margin declined year over year.
The filing includes a specific, time-bound guidance increase and multiple operational milestones (ECP chamber milestone, Ultra ECP orders, Tahoe platform volume production) that directly affect forward estimates.
Market effects
Signals continued capex and adoption in wafer processing and advanced packaging, potentially supportive for semiconductor equipment supply chain sentiment.
No specific regional macro impact beyond international trade policy sensitivity mentioned in guidance rationale.
Demand visibility and customer spending scenarios across logic, memory, and 3D packaging suggest ongoing global investment cycles.
Counterpoint
Gross margin fell year over year (46.0% vs 48.5% GAAP), so the guidance raise may rely on mix and timing that could pressure profitability later.
Key entities
- companyACM Research, Inc.
NASDAQ-listed wafer processing solutions supplier reporting Q2 2026 results and raising FY2026 revenue guidance.
- executiveDr. David Wang
CEO and President quoted on revenue growth drivers, product ramps, and the raised 2026 outlook.
