ACM Research Q1 Earnings Call Highlights

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MarketBeat

Thu, May 7, 2026 astatine 8:22 AM CDT 9 min read

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Key Points

ACM Research reported Q1 gross up 34% year‑over‑year to $231.3 million, driven by ECP and precocious packaging, with shipments rising 53.6% to $240.7 million and gross borderline astatine 46.5%.
Management expects meaningful merchandise ramps — including transportation of much than 15–20 single‑wafer SPM units by year‑end, expanding panel‑level plating engagements and a shipped PECVD strategy — supported by expanded Lingang facilities and a mini‑line to shorten lawsuit qualification cycles.
The equilibrium expanse is beardown with astir $1.3 cardinal gross currency and $924 cardinal net, but operating expenses roseate 38.5% and diluted EPS fell to $0.34; absorption reiterated 2026 gross guidance of $1.08–1.175 billion and plans astir $175 million successful capex.
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ACM Research (NASDAQ:ACMR) reported first-quarter 2026 results that institution executives described arsenic a coagulated commencement to the year, with gross rising 34% twelvemonth implicit twelvemonth to $231.3 cardinal and gross borderline of 46.5%, supra the midpoint of its semipermanent 42% to 48% people range.

On the call, CEO Dr. David Wang said first-quarter maturation was “driven by the continual spot successful our ECP and precocious packaging business,” portion besides positioning 2026 arsenic “a large twelvemonth for caller product” arsenic anterior R&D investments and expanded manufacturing capabilities statesman to construe into a broader portfolio and much lawsuit evaluations.

Quarterly show and conception trends

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Wang said ACM’s first-quarter gross accrued 34% to $231 million, with electrochemical plating (ECP) serving arsenic the main maturation driver. He noted ECP gross was up much than 3 times twelvemonth implicit year, portion the precocious packaging services and spare parts class grew 62%. Cleaning gross declined 6% and had “a small publication from caller cleaning product” successful the quarter, according to Wang.

CFO Mark McKechnie provided further detail, stating single-wafer cleaning gross (Ultra C Tahoe and semi-critical cleaning) was $122.5 million, down 5.5%, and represented astir 53% of quarterly sales. Revenue for “ECP, front-end packaging, furnace, and different technologies” was $84.2 million, up 204.9%, representing 36.4% of sales, portion precocious packaging gross excluding ECP (including services and spares) was $24.5 million, up 62%, representing 10.6% of sales.

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