ACM Research's third quarter 2026 revenue of $368M beat estimates while guidance was significantly raised

ACM Research delivered significant beats on both revenue and earnings for the third quarter 2026, driven by a surge in demand for electroplating and advanced packaging tools. The company’s cleaning category returned to year-over-year growth, and management materially raised the full-year revenue outlook based on strong shipment momentum and the upcoming operational ramp of the second Lingang facility building.

Key Highlights

• Total shipments reached $343.5 million, exceeding the high end of the company's own preliminary range and representing 31% year-over-year growth.
• Management raised fiscal year 2026 revenue guidance to a range of $1.24 billion to $1.28 billion, up from the previous midpoint of $1.15 billion.
• The ECP, furnace, and other technologies category saw revenue jump 83% year-over-year to $109.5 million, while Non-GAAP gross margins of 41.6% remained slightly below the 42% to 48% target range.