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ACM Research

ACM Research (ACMR) Q2 2026 Earnings

Reported Aug 7, 2026 at 7:37 AM ET · SEC Source

Q2 26 EPS Adjusted

$0.61

BEAT +81.17%

Est. $0.34

Q2 26 Revenue

$292.9M

BEAT +8.80%

Est. $269.2M

Market Reaction

Did ACMR Beat Earnings? Q2 2026 Results

ACM Research delivered a blowout second quarter of 2026, posting adjusted EPS of $0.61 against a consensus estimate of $0.34, a beat of 81.17%, while revenue of $292.92 million topped the $269.24 million consensus by 8.80% and surged 36.0% year over … Read more ACM Research delivered a blowout second quarter of 2026, posting adjusted EPS of $0.61 against a consensus estimate of $0.34, a beat of 81.17%, while revenue of $292.92 million topped the $269.24 million consensus by 8.80% and surged 36.0% year over year. The standout driver was explosive growth in ECP and advanced packaging, with the ECP, furnace, and related technologies category alone expanding 168% year over year to $128.55 million, shifting the company's revenue mix decisively toward higher-growth platforms. That mix shift, however, weighed on gross margin, which eased to 46.0% from 48.5% a year ago, though it held above the midpoint of management's 42%-48% long-term target range. Looking ahead, ACM raised its full-year 2026 revenue guidance to $1.13 billion to $1.18 billion, implying 25% to 30% growth, citing strong order activity and advancing customer evaluations across SPM Cleaning, Track, PECVD, and panel-level plating platforms, with management reiterating a long-term revenue ambition of $4.00 billion.

Key Takeaways

  • • ECP and advanced packaging categories grew 168% and 153% respectively, driving overall 36% revenue growth
  • • Shipped 2,000th electroplating chamber demonstrating increasing adoption across logic, memory and 3D packaging
  • • Total shipments of $281.5 million, up 36.4% year over year
  • • Unrealized gain on short-term investments of $69.6 million significantly boosted GAAP net income

ACMR Forward Guidance & Outlook

ACM raised its full-year 2026 revenue guidance to $1.125 billion to $1.175 billion, up from the prior range of $1.08 billion to $1.175 billion, implying 25% to 30% year-over-year growth. The outlook is based on management's assessment of international trade policy impacts, expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation. Management sees 2026 as a 'Big Year' for new products with customer evaluations and ramps across SPM Cleaning, Track, PECVD, and horizontal panel-level plating platforms. The company reiterated its long-term revenue target of $4 billion.

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ACMR YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

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ACMR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26
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ACMR Revenue by Geography

Regional revenue distribution

“We delivered a strong second quarter, with revenue and shipments both increasing 36% year over year. Revenue growth was led by the ECP and advanced packaging categories, which grew 168% and 153%, respectively, reflecting the growing contribution of our broader product portfolio. During the quarter, we shipped our 2,000th ECP chamber, an important milestone that demonstrates the increasing adoption of our ECP technology in high-volume manufacturing of logic, memory and 3D packaging. We also delivered good profitability, and ended the quarter with $1.0 billion in net cash, providing significant financial strength to support our long-term growth strategy.”

— David Wang, Q2 2026 Earnings Press Release

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