ACM Research reported strong second quarter results characterized by significant revenue growth and tool shipment volume. Revenue reached $292.9 million, exceeding consensus estimates, driven by triple-digit growth in electroplating and advanced packaging categories. The company notably raised its full-year 2026 revenue guidance to a range of $1.125 billion to $1.175 billion, reflecting confidence in new product ramps and global market expansion.
Key Highlights
- Revenue surged 36.0% year-over-year to $292.9 million, led by a 168% increase in ECP technology sales and a 153% jump in advanced packaging.
- Total shipments for the quarter reached $281.5 million, an increase of 36.4% compared to the second quarter of 2025.
- Non-GAAP gross margin compressed to 46.0% from 48.7% in the prior year, though it remained within the long-term target range of 42% to 48%.
- The company ended the period with $1.0 billion in net cash, providing significant capital to support the ongoing build-out of its Oregon facility and new platform evaluations.