ACM Research Sees Third-Quarter Revenue of $360 Million to $365 Million
Key Facts
ACM Research expects preliminary unaudited revenue of $360 million to $365 million in the third quarter of 2026, up 34% to 36% year over year, according to a company statement cited by Investing.com. The company estimated total shipments during the quarter at $335 million to $340 million, up 27% to 29% year over year. The figures put revenue and shipments on parallel growth paths, while remaining preliminary pending completion of the close and review. The available statement does not include a documented analyst estimate for comparison with the revenue range. The company also did not provide final quarterly results in these forecasts.
The revenue and shipment estimates are subject to completion of the quarter-end closing procedures and review by the company's independent public accountant, according to the statement. The figures follow revenue of $292.919 million in the second quarter of 2026, compared with $215.372 million in the same period a year earlier. Chief Executive David Wang said second-quarter revenue and shipments rose 36% year over year. He added that revenue growth was led by electrochemical plating and advanced packaging, which posted year-over-year growth of 168% and 153%, respectively. Second-quarter results provide a recent performance comparison ahead of the new preliminary figures, but do not turn third-quarter forecasts into realized results.
Total shipments in the second quarter were $281.5 million, up 36.4% from the second quarter of 2025, according to ACM Research investor relations. Shipments include tools whose revenue has not yet been recognized pending customer acceptance, so shipment value does not necessarily match revenue recognized in the same period. For the third quarter, the company expects shipments to exceed the second-quarter level, with year-over-year growth of 27% to 29%. These measures distinguish tools shipped from revenue recorded in the accounts, a key difference when reading the two announced ranges. The company said its forward-looking estimates involve risks and uncertainties that could cause actual results to differ materially from expectations.
In August, the company raised its fiscal 2026 revenue forecast to a range of $1.125 billion to $1.175 billion, compared with a previous range of $1.08 billion to $1.175 billion. It also raised its forecast for annual revenue growth to 25%–30%, saying increased order activity gave it good visibility for the rest of the year. ACM Research ended the second quarter with net cash of $1 billion, Wang said. Regarding orders, ACM Shanghai, a subsidiary of the company, said in September that its backlog had reached 17.1 billion yuan, or $2.5 billion, up 88.2% year over year. The backlog includes tools shipped but not yet recognized as revenue under Chinese standards, as well as orders for tools expected to be shipped later; the company cautioned that the orders may not generate the estimated revenue.
ACM Research held a 73.2% stake in ACM Research (Shanghai) as of June 30, 2026. The company said Shanghai's standalone results are recorded in renminbi under Chinese accounting standards and may differ materially from the parent company's consolidated revenue and net income. The value of Shanghai's backlog therefore should not be treated as confirmed consolidated revenue for ACM Research. The announced third-quarter figures remain preliminary estimates for the parent company, while the full results will provide a more detailed basis for assessing consolidated financial performance. ACM Research shares, listed under the ticker ACMR, closed at $51.97 on October 27, according to EL7 data.
ACM Research is scheduled to release full third-quarter financial results before the U.S. market opens on November 5, 2026, according to an investor relations announcement. The company set 8:00 a.m. Eastern Time for a call to discuss the results. The full results will provide final figures after the closing procedures and review, and will show whether revenue and shipments fell within the preliminary ranges. The company had previously said the results and call would be in early November, before setting the exact date. Whether results fall within the forecast ranges remains contingent on completion of those procedures, and the company cautions that actual results may differ materially from its estimates.