ACM Research (NASDAQ:ACMR) issued a bullish 2026 outlook Thursday, signaling a significant revenue step-up as the semiconductor equipment maker scales its proprietary cleaning and furnace technologies.
The Fremont-based company provided an initial 2026 revenue guidance range of $1.08 billion to $1.175 billion, representing roughly 26% growth at the midpoint compared to the prior year.
The company concurrently narrowed its full-year 2025 revenue expectations to $885 million–$900 million, moving from its previous broader range of $875 million–$925 million.
Management noted that while 2025 faced headwinds from fluctuating international trade policies and supply-chain constraints, the 2026 "inflection point" will be driven by high-growth product lines.
Specifically, ACM expects outsized contributions from its single-wafer Sulfuric Peroxide Mix (SPM) tools, the eco-friendly Tahoe cleaning system, and its expanding Furnace series, which includes advanced Thermal ALD (Atomic Layer Deposition) solutions.
"We plan for a higher revenue growth rate in 2026 amidst healthy investments in production capacity and market share gains from our newer products," said Dr. David Wang, CEO of ACM Research.
To support this growth and capitalize on the shift toward domestic semiconductor manufacturing, the company is accelerating its investments in Oregon.
Its Hillsboro facility, located in the "Silicon Forest," serves as a strategic R&D and demonstration hub to engage North American tier-one customers.