Quarterly ResultMay 8, 2026, 04:12 PM
ACM Research Q1 Revenue +34% to $231.3M; Net Income -15% to $17.3M
AI Summary
ACM Research reported a 34% increase in Q1 2026 revenue to $231.3 million, driven by strong growth in ECP, Furnace, and other technologies. However, net income attributable to ACM Research, Inc. decreased by 15% to $17.3 million, resulting in diluted EPS of $0.24. The company also completed the sale of approximately 4.8 million shares of its subsidiary, ACM Shanghai, for $110.2 million gross proceeds, reducing its ownership to 73.6%.
Key Highlights
- Q1 2026 revenue rose 34.18% to $231.3 million from $172.3 million year-over-year.
- Net income attributable to ACM Research, Inc. decreased 15.08% to $17.3 million.
- Diluted EPS was $0.24, down from $0.30 in the prior year quarter.
- Sold 4.8 million ACM Shanghai shares for $110.2 million gross, reducing ownership to 73.6%.
- Cash and cash equivalents increased to $872.3 million as of March 31, 2026.
- ECP, Furnace, and Other Technologies revenue grew significantly to $84.2 million.
- Net cash used in operating activities was $(29.5) million, compared to $5.3 million provided in Q1 2025.