ACM Research (ACMR) Q1 2026 Earnings
How Did ACMR Stock React to Q1 2026 Earnings?
S&P 500 over the same 30 days: +0.75%.
Did ACMR Beat Earnings? Q1 2026 Results
Yes. ACM Research reported Q1 2026 earnings of $0.34 a share on May 7, 2026, beating the $0.20 consensus estimate by 72.9%. Revenue was $231.3M against a $215.7M estimate.
ACM Research delivered a strong first quarter of fiscal 2026, posting revenue of $231.26 million, up 34.2% year-over-year and ahead of the $215.69 million consensus estimate by 7.22%, while non-GAAP diluted EPS of $0.34 beat the $0.20 consensus by 72.85%. The headline driver was a dramatic surge in ECP, furnace, and other technologies, which nearly tripled to $84.24 million from $27.63 million a year ago, more than offsetting a modest decline in the company's core single wafer cleaning and Tahoe segment. Total shipments reached $240.70 million, up 53.6% year-over-year, a figure management emphasized as a leading indicator of future revenue momentum. Gross margin compressed slightly to 46.4% from 47.9%, though it held above the midpoint of ACM's long-term target range. The quarter also brought progress on the company's proposed Hong Kong secondary listing for ACM Shanghai, which drew anchor investment commitments from institutional backers. ACM maintained its full-year 2026 revenue guidance of $1.08 billion to $1.18 billion, representing 21% to 30% growth, contingent on new product ramps and timing of customer tool acceptances.
- Strong performance in ECP and advanced packaging applications driving revenue growth
- Increasing customer adoption of differentiated technologies in high performance applications
- Total shipments up 53.6% year-over-year to $240.7 million
- ECP (front-end and packaging), furnace and other technologies revenue surged from $27.6 million to $84.2 million
“We are off to a solid start in 2026, with revenue of $231 million, up 34% year-over-year, and shipments of $241 million, up 54% year-over-year. Growth in the quarter was driven by strong performance in ECP and advanced packaging applications, reflecting increasing customer adoption of our differentiated technologies in high performance applications.”
ACM Research CEO, on the earnings call
What Was ACM Research's Outlook in Q1 2026?
ACM is maintaining its fiscal year 2026 revenue guidance range of $1.08 billion to $1.175 billion, representing 21%-30% growth. This outlook is based on management's assessment of international trade policy impacts, various expected spending scenarios of key customers, supply chain constraints, and timing of acceptances for first tools under evaluation. Management expects incremental revenue contribution from Tahoe, single-wafer SPM, vertical furnace, and increased evaluations in panel-level horizontal plating, low-pressure panel-level flux cleaning, track, and PECVD platforms.
ACMR YoY Financials
| Metric | Q1 2026 | Q1 2025 | Year over year |
|---|---|---|---|
| Revenue | $231.3M | $172.4M | +34.2% |
| Gross Profit | $107.2M | $82.5M | +29.9% |
| Operating Income | $36.2M | $25.8M | +40.4% |
| Net Income | $17.3M | $20.4M | −15.1% |
ACMR Revenue by Segment
ACMR Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.