ACM Research, Inc. (ACMR) Earnings
ACM Research, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.30. ACMR has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise -7.9% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.26 | $0.34 | +33.3% | $231M | +7.2% |
| Feb 26, 2026 | $0.39 | $0.12 | -70.0% | $244M | +1.3% |
| Nov 5, 2025 | $0.47 | $0.36 | -23.4% | $269M | +8.3% |
| Aug 6, 2025 | $0.42 | $0.54 | +28.6% | $215M | -14.6% |
| May 8, 2025 | $0.37 | $0.46 | +24.3% | $172M | -22.0% |
| Feb 26, 2025 | $0.31 | $0.56 | +80.6% | $223M | +24.4% |
| Nov 7, 2024 | $0.37 | $0.63 | +70.3% | $204M | +6.7% |
| Feb 28, 2024 | $0.10 | $0.43 | +330.0% | $170M | +14.1% |
| Aug 4, 2023 | $0.12 | $0.48 | +300.0% | $145M | +25.1% |
| May 5, 2023 | $-0.10 | $0.15 | +250.0% | $74M | +2.0% |
| Feb 24, 2023 | $0.14 | $0.19 | +35.7% | $109M | +8.2% |
| Nov 4, 2022 | $0.24 | $0.45 | +87.5% | $134M | +18.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Started the year with a solid Q1 report with revenue growth driven by ECP and advanced packaging business. - Focuses on world-class differentiated tool based on own IP. - 2026 is a big year for new product, expecting incremental contribution from new product cycle from Tahoe, single wafer SPM, and vertical furnace product. - Announced ACM planetary family at Semicon China, organizing tool portfolio into eight product families. - ECP category revenue up more than three times year over year, advanced packaging services fail path category grew 62%, with single wafer SPM tools having significant ramp. - ECP, furnace, and other technology revenue grew 205% due to strong electroplating momentum. - Advanced packaging revenue up 62% including multiple equipment orders and shipments. - Progress with new track and PCVD platforms, with first PCVD silicon carbon nitride system shipped and in customer evaluation. - Ninggao first building in volume production, second building planned to open later this year. - Linda mini line in full operation, accelerating R&D and joint R&D with customers. - Oregon facility continues investment, expecting to produce US-made tool by end of 2026. - Expect to have more than 20 tools installed outside mainland China market by end of 2026. - ACM Shanghai completed minority share sale, funds to support global expansion and Hong Kong secondary listing plan.
Guidance
- In mid-January, introduced 2026 revenue outlook in the range of 1.08 to 1.175 billion, implying 25% year-over-year growth at that point, and expects annual shipment growth to outpace revenue growth in 2026. - Expect to spend about $175 million in capital expenditures for the full year 2026.
Segment performance
First quarter revenue was $231 million, up 34%. The ECP category was the primary growth driver, with revenue up more than three times year over year. Advanced packaging services fail path category grew 62%, while cleaning declined by 6%. Revenue from single wafer cleaning, Tahoe semi-critical cleaning tool was down 6%, representing about 53% of sales for the quarter. Revenue from ECP, furnace, and other technology grew 205%, representing 36.4% of sales. Revenue from advanced packaging was up 62%, representing 10.6% of sales. Total shipments were $241 million, up 54%, with cleaning shipments growing by 32% and approximately 15% of Q1 shipment from catch-up of a product rescheduled from Q4 of last year.
Risks & headwinds
Remarks made during this call may include forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially, with those risks described under risk factors and elsewhere in ACM's filings with the Securities and Exchange Commission.
Analyst Q&A
Q: Can you talk about the cleaning segment and what drove the decline year over year in 1Q and then how it's going to ramp up, what caused that pause.
A: In 2025, cleaning product faced difficulty and problems in new applications, with issues mostly solved by year-end, showing momentum with shipment growth and SPM process technology gaining customer interest with expectation of 15 to 20 tools delivered by year-end.
Q: It looks like the ECP, the front-end packaging, Ernest and other technology segments have been seeing pretty sustained strength, you know, up very significantly both year over year and quarter over quarter. Can you tell us more about, you know, what's doing well in that segment? What kind of customers are adopting which tools?
A: Plating business has been growing a lot, driven by front end growth, HBM driving, and advanced packaging for 2.5D and other applications, with copper plating and advanced packaging wet process tools including code developer, wet etcher, PR stripper, and cleaning seeing adoption.