ACM Research Subsidiary Backlog Hits $2.5B, Signaling Strong Demand
ACMR has more than doubled off its 52-week low of $28.46.
Summary
ACM Research's operating subsidiary reported a new disclosure of a backlog of RMB 17.1 billion as of September 29, 2026, up 88.2% year-over-year. The backlog includes orders for tools shipped but not yet recognized as revenue under Chinese GAAP, and orders for tools expected to be shipped at a future date. Backlog is not a financial measure defined or recognized by Chinese GAAP or U.S. GAAP, and ACM Shanghai's method may not be comparable to other companies. The USD backlog was translated using the September 29, 2026 Wall Street Journal closing exchange rate, and the figures were posted by ACM Shanghai on the Shanghai Stock Exchange website. The backlog figure indicates robust order flow and supports the company's growth trajectory, especially following strong Q2 results and 105% order growth in H1 2026. ACM Shanghai will release nine-month results on Oct. 28, 2026, and ACM will report preliminary results the same day; full Q3 results are set for early November. The backlog provides visibility into future revenue and may reinforce positive sentiment, though orders included in backlog may not actually generate the amounts of revenue estimated. Investors will likely view this as a confirmation of sustained demand for the company's semiconductor equipment.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — ACM Shanghai will release nine-month results on Oct. 28, 2026, and ACM will report preliminary results the same day; full Q3 results are set for early November.
- Backlog Amount — As of September 29, 2026, ACM Shanghai's total backlog amounted to RMB 17.1 billion, up 88.2% year-over-year.
- Backlog Definition — Backlog includes orders for tools shipped but not yet recognized as revenue under Chinese GAAP, and orders for tools expected to be shipped at a future date. It is not a financial measure defined or recognized by Chinese GAAP or U.S. GAAP, and orders included in backlog may not actually generate the amounts of revenue estimated.
- Translation and Posting — USD backlog translated using the September 29, 2026 Wall Street Journal closing exchange rate. Backlog figures were posted by ACM Shanghai on the Shanghai Stock Exchange website.
All 7 details
- As of September 29, 2026, ACM Shanghai's total backlog amounted to RMB 17.1 billion.
- Backlog increased 88.2% year-over-year compared with the prior year's disclosed backlog.
- Backlog includes orders for tools shipped but not yet recognized as revenue under Chinese GAAP, and orders for tools expected to be shipped at a future date.
- Backlog is not a financial measure defined or recognized by Chinese GAAP or U.S. GAAP; ACM Shanghai's method may not be comparable to other companies.
- USD backlog translated using the September 29, 2026 Wall Street Journal closing exchange rate.
- Backlog figures were posted by ACM Shanghai on the Shanghai Stock Exchange website.
- Orders included in backlog may not actually generate the amounts of revenue estimated.
At the time of this announcement, ACMR was trading at $76.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3B. The 52-week trading range was $28.46 to $127.19. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.