Quarterly ResultMay 7, 2026, 06:03 AM
ACM Research Q1 Revenue $231.3M, up 34%; Shipments up 54%
AI Summary
ACM Research reported a solid start to 2026 with first-quarter revenue of $231.3 million, a 34% increase year-over-year, and shipments of $240.7 million, up 54%. Growth was driven by strong performance in ECP and advanced packaging applications. The company also announced the ACM Planetary Family product portfolio, shipped new PECVD and advanced packaging systems, and is pursuing a proposed Hong Kong listing for its principal operating subsidiary, ACM Shanghai, while maintaining its 2026 revenue outlook of $1.08 billion to $1.175 billion.
Key Highlights
- Q1 2026 revenue reached $231.3 million, a 34.2% increase year-over-year.
- Total shipments for Q1 2026 were $240.7 million, up 53.6% from Q1 2025.
- GAAP net income attributable to ACM Research, Inc. was $17.3 million, down from $20.4 million.
- GAAP diluted EPS was $0.24, compared to $0.30 in the prior year quarter.
- Gross margin was 46.4%, above the mid-point of the long-term target range of 42% to 48%.
- Maintained 2026 revenue guidance of $1.08 billion to $1.175 billion, representing 21%-30% growth.
- Introduced the ACM Planetary Family product portfolio and shipped first PECVD SiCN system.
- ACM Shanghai announced a proposed H share listing on the Hong Kong Stock Exchange.