ACM Research, Inc.

ACM Research Reports Third Quarter 2026 Results

ACM Research reported Q3 2026 revenue of $367.7 million, up 37% year-over-year, with shipments of $343.5 million up 31%. GAAP net income fell to $1.5 million from $35.9 million due to a $39.1 million unrealized loss on short-term investments, but non-GAAP net income rose to $40.5 million with diluted EPS of $0.55 versus $0.41. Management raised FY2026 revenue guidance to $1.24B-$1.28B (38%-42% growth) from the prior $1.125B-$1.175B, citing robust demand and Q4 shipment growth. The company shipped its first 310x310 mm panel-level electroplating production tool and is doubling Lingang manufacturing floor space in Q4 to support growth.

•4d ago

ACM Research Announces Preliminary Unaudited Revenue and Shipments for the Third Quarter 2026

ACM Research announced preliminary unaudited Q3 2026 revenue of $360-365 million, representing 34-36% year-over-year growth. Preliminary total shipments are expected at $335-340 million, up 27-29% YoY. The figures coincide with ACM Shanghai's results filed with the Shanghai Stock Exchange. Full Q3 results and the remainder-of-year revenue outlook will be discussed on the November 5 earnings call; results remain subject to quarter-end closing and auditor review.

•12d ago

ACM Research Announces Shipment of Its First 310 × 310 mm Ultra ECP ap-p Panel-Level Horizontal Electroplating Production Tool

ACM Research shipped its first 310 x 310 mm Ultra ECP ap-p panel-level horizontal electroplating production tool to a customer in Asia outside mainland China. The company says this is the world's first production tool of this panel size, following last year's 515 x 510 mm R&D tool shipment, and supports Cu, Ni, SnAg and Au plating for advanced packaging. The milestone broadens ACM's multi-product platform and global customer base, with management citing AI-driven advanced packaging demand as a long-term opportunity; no financial terms were disclosed.

•12d ago

ACM Research Enhances Single-Wafer Hot SPM System with Sulfuric Acid Recycle Capability

ACM Research announced an enhanced version of its 170°C Single-Wafer Hot SPM system featuring a new sulfuric acid recycle capability validated by a foundry customer across more than 50 process layers. The new capability achieves a 70% sulfuric acid recycle rate and is expected to save approximately 400 tons of sulfuric acid per tool annually, delivering cost and environmental benefits. The system achieves particle counts of 15 or fewer at 15 nm and above, which ACM says outperforms mainstream market solutions and can improve yields in logic and memory applications.

•18d ago

ACM Research’s Operating Subsidiary ACM Research (Shanghai) Provides Backlog Data

ACM Research's operating subsidiary ACM Shanghai disclosed total backlog of RMB 17.1 billion (about $2.5 billion) as of September 29, 2026, an 88.2% year-over-year increase. The backlog mixes shipped-but-unrecognized tools under Chinese GAAP with future shipments, and the company cautions the metric is not GAAP-defined and may not be comparable across companies. Full nine-month results come October 28 (China) with ACM preliminary U.S. results the same morning; Q3 results follow in early November.

•1mo ago

ACM Research Reports Second Quarter 2026 Results

ACM Research delivered Q2 revenue of $292.9 million, up 36% year-over-year, with diluted GAAP EPS rising to $1.23 from $0.44 in the prior year. Growth was led by the ECP and advanced packaging categories, which increased 168% and 153% respectively, supported by the shipment of the company's 2,000th ECP chamber. Management raised full-year 2026 revenue guidance to a range of $1.125 billion to $1.175 billion, expecting 25% to 30% growth, while ending the quarter with $1.0 billion in net cash.

•3mo ago

ACM Research Expands Ultra C Tahoe into a Wet Processing Platform

ACM Research expanded its Ultra C Tahoe system into a multi-process wet processing platform that supports a broader range of applications for logic and memory device manufacturing. The new hybrid architecture integrates batch and single wafer processes to reduce chemical consumption and cycle time, with the Tahoe Recycle application now running in volume production at customer facilities. Key benefits include enhanced particle control and the ability to reduce sulfuric acid consumption by up to 75%, aligning with customer sustainability goals.

•3mo ago

ACM Research’s Ultra ECP ap-p Horizontal Panel Electroplating Tool Receives First Production Order and Evaluation Order from Customers

ACM Research secured the first production order for its Ultra ECP ap-p horizontal panel-level electroplating tool from an existing customer in mainland China. The company also received an evaluation order for the tool from a new leading panel manufacturer in Asia, marking an expansion of its global customer base. The Ultra ECP ap-p supports panel formats ranging from 310 x 310 mm to 600 x 600 mm and is designed to address uniformity and efficiency requirements in advanced packaging.

•3mo ago

ACM Research Reports First Quarter 2026 Results

ACM Research reported Q1 revenue of $231.3 million, up 34.2% year-over-year, with total shipments increasing 53.6% to $240.7 million driven by ECP and advanced packaging applications. The company maintained its full-year 2026 revenue guidance range of $1.08 billion to $1.175 billion and announced the shipment of its first PECVD SiCN system under the new ACM Planetary Family portfolio. GAAP diluted EPS was $0.24 compared to $0.30 in the prior year, impacted by a $9.3 million other expense, while cash and equivalents grew to $1.25 billion.

•6mo ago

Kerrisdale and Steamboat Send Letter to ACM Research Inc.

Investors Kerrisdale Capital and Steamboat Capital, owning ~600,000 shares, urged ACM Research to pursue a Hong Kong listing to narrow the valuation gap between its U.S. shares and Chinese A-shares. The firms explicitly offered to act as anchor investors, committing a minimum of $20 million each and potentially up to $100 million collectively, for a dual listing at current valuations. Management had previously disclosed preliminary steps toward a Hong Kong listing for ACM Research (Shanghai), Inc.; the investors support either that route or a direct dual listing of ACMR shares.

•6mo ago