ACM Research boosts 2026 revenue guidance to $1.28 billion

ACM Research (NASDAQ:ACMR) reported third-quarter 2026 revenue of $367.7 million, up 36.6% year over year, and raised its full-year revenue guidance to $1.24 billion–$1.28 billion.

Shipments increased 30.6% to $343.5 million, while operating income rose to $55.5 million from $28.9 million, although gross margin declined to 41.5% from 42%.

Net income attributable to ACM fell to $1.5 million from $35.9 million, or $0.02 per diluted share compared with $0.52.

Following a $39.1 million unrealized investment loss versus an $18.7 million gain a year earlier; non-GAAP net income increased to $40.5 million from $28.4 million.

ACM raised its 2026 revenue forecast to $1.24 billion–$1.28 billion from $1.125 billion–$1.175 billion, representing expected growth of 38%–42%, and expects its second Lingang manufacturing building to become operational in Q4, doubling manufacturing floor space.

ACM develops and manufactures semiconductor processing equipment used in wafer cleaning, electroplating, polishing, furnace processing and advanced packaging for semiconductor manufacturers.

The company is expanding manufacturing capacity at its Lingang facility while developing additional equipment for advanced semiconductor packaging, including a panel-level electroplating production tool shipped to an Asian customer in October 2026.