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Get filing alertsACM Research reports Q2 revenue of $292.9M (+36% YoY), raises 2026 guidance to $1.125B-$1.175B
Filed August 7, 2026 · Period ending August 7, 2026 · ~1 min read
Key Changes
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Q2 2026 revenue was $292.9M, up 36% year-over-year, driven by electroplating (ECP) and advanced packaging sales growth of 168% and 153% respectively. Company shipped its 2,000th ECP chamber during the quarter.
Exhibit 99.1 view on EDGAR → -
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Raised full-year 2026 revenue guidance to $1.125B-$1.175B from prior range of $1.08B-$1.175B, representing expected growth of 25%-30%, citing increased order activity and customer evaluations across multiple platforms.
Exhibit 99.1 view on EDGAR → -
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Non-GAAP diluted EPS was $0.61 versus $0.55 in Q2 2025. GAAP diluted EPS was $1.23 versus $0.44, including a $69.6M unrealized gain on short-term investments.
Exhibit 99.1 view on EDGAR → -
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Gross margin declined to 46.0% from 48.5% year-over-year but remained above the midpoint of the company's 42%-48% long-term target range. Operating margin expanded to 17.0% from 14.7%.
Exhibit 99.1 view on EDGAR → -
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Ended quarter with $1.0B in net cash (excluding borrowings), up from $924.2M at March 31, 2026, providing financial strength to support long-term growth strategy.
Exhibit 99.1 view on EDGAR →
Summary
ACM Research reported strong second quarter results with revenue of $292.9 million, up 36% year-over-year, and raised its full-year 2026 revenue guidance. The growth was driven by substantial increases in electroplating (ECP) and advanced packaging sales, which grew 168% and 153% respectively.
The company shipped its 2,000th ECP chamber during the quarter, demonstrating increasing adoption of its technology in high-volume manufacturing. Non-GAAP diluted EPS of $0.61 exceeded the prior-year quarter's $0.55.
The raised guidance to $1.125 billion-$1.175 billion (from $1.08 billion-$1.175 billion) reflects management's increased confidence based on order activity and customer evaluations across multiple platforms. While gross margin declined to 46.0% from 48.5%, it remained within the company's long-term target range, and operating margin expanded to 17.0% from 14.7%. The company's net cash position of $1.0 billion provides substantial financial flexibility to support its growth initiatives. The strong revenue growth, raised guidance, and solid cash position indicate ACM is successfully capitalizing on demand for its semiconductor processing equipment, particularly in advanced packaging applications.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
ACM Research announced Q2 2026 financial results via press release.
Added in current filing · verify on EDGAR →
On August 7, 2026, we issued a press release announcing financial results for the second quarter of 2026.
ACM Research disclosed its second quarter 2026 financial results through a press release. The 8-K itself does not contain the actual financial figures; those are in the attached Exhibit 99.1 press release.
Event · Exhibit 99.1
ACM Research reported Q2 2026 revenue of $292.9M (+36% YoY), raised full-year guidance to $1.125B-$1.175B, and ended with $1.0B net cash.
Added in current filing · view on EDGAR →
Revenue was $292.9 million, up 36.0%, primarily driven by higher sales of ECP (front-end and packaging), furnace and other technologies, and advanced packaging (excluding ECP), services & spares, partially offset by lower sales of single-wafer cleaning, Tahoe and semi-critical cleaning tools.
ACM reported second quarter 2026 revenue of $292.9 million, a 36% increase year-over-year. The growth was led by electroplating (ECP) and advanced packaging categories, which grew 168% and 153% respectively. Total shipments in the quarter were $281.5 million, also up 36.4% year-over-year. The company shipped its 2,000th ECP chamber during the quarter, demonstrating increasing adoption of its ECP technology in high-volume manufacturing.
Added in current filing · view on EDGAR → · paraphrased
Gross margin was 46.0% versus 48.5%. Non-GAAP gross margin, which excludes stock-based compensation, was 46.0% versus 48.7%. ... Operating income was $49.7 million, compared to $31.7 million. Operating margin was 17.0% compared to 14.7%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $56.3 million, compared to $41.5 million. Non-GAAP operating margin, which excludes stock-based compensation, was 19.2% compared to 19.3%.
Gross margin declined to 46.0% from 48.5% in the prior-year quarter, though it remained above the midpoint of the company's long-term target range of 42% to 48%. Operating income increased to $49.7 million from $31.7 million, with operating margin expanding to 17.0% from 14.7%. On a non-GAAP basis, operating income was $56.3 million versus $41.5 million, with operating margin of 19.2% versus 19.3%.
Added in current filing · view on EDGAR →
Net income attributable to ACM Research, Inc. was $89.0 million, compared to $29.8 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $44.5 million, compared to $37.3 million. ... Net income per diluted share attributable to ACM Research, Inc. was $1.23, compared to $0.44. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $0.61, compared to $0.55.
Net income attributable to ACM Research was $89.0 million versus $29.8 million in the prior-year quarter, with diluted EPS of $1.23 versus $0.44. The GAAP results included a $69.6 million unrealized gain on short-term investments. On a non-GAAP basis excluding stock-based compensation and unrealized investment gains, net income was $44.5 million versus $37.3 million, with diluted EPS of $0.61 versus $0.55.
Added in current filing · view on EDGAR →
Cash and cash equivalents, plus restricted cash and short-term time deposits were $1.36 billion at June 30, 2026, compared to $1.25 billion at March 31, 2026. Net cash, which excludes short-term and long-term borrowings, was $1.0 billion at June 30, 2026, compared to $924.2 million at March 31, 2026.
ACM ended the quarter with $1.36 billion in cash, cash equivalents, restricted cash and short-term time deposits, up from $1.25 billion at the end of the prior quarter. Net cash, which excludes borrowings, was $1.0 billion versus $924.2 million at March 31, 2026. Management highlighted this strong cash position as providing significant financial strength to support the company's long-term growth strategy.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 10, 2026 · How we verify