ACM Research Tops Q2 Estimates and Lifts Full-Year Revenue Guidance
ACMR has more than doubled off its 52-week low of $23.03.
Summary
ACM Research posted Q2 2026 revenue of $292.9M (+36% YoY) and non-GAAP EPS of $0.61, exceeding estimates, and raised its full-year revenue guidance to $1.125–$1.175B.
Key Events · Earnings and Guidance · ACMR
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Q2 Revenue and EPS Beat
Driven by ECP and advanced packaging, revenue surged 36% year-over-year to $292.9M, while non-GAAP diluted EPS of $0.61 topped consensus.
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Full-Year Guidance Raised
The 2026 revenue outlook was lifted to $1.125B–$1.175B, up from the prior range of $1.08B–$1.175B, implying growth of 25–30%.
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Strong Balance Sheet
Quarter-end net cash stood at $1.0B, offering substantial financial flexibility to fund expansion.
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Operational Milestones
The company shipped its 2,000th electroplating chamber and secured the first production order for the Ultra ECP ap-p tool, targeting advanced packaging.
Analysis · ACMR · Technology
A standout second quarter saw revenue climb 36% and non-GAAP EPS reach $0.61, handily beating expectations. Bolstered by that momentum, management raised the full-year revenue target to $1.125–$1.175 billion, underscoring confidence in sustained demand. With a $1.0 billion net cash position, the company has ample firepower for growth investments. The results highlight its ability to outpace the broader semiconductor equipment market through new product cycles and market share gains.
At the time of this filing, ACMR was trading at $88.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5B. The 52-week trading range was $23.03 to $127.19. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.