<span item_type="fundamental" item_id="1243632493b6df0d0ea1730fabf76acb" counter_id="ST/US/ACMR" env="prod"></span><span item_type="announcement" item_id="645706421274744833" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 231.26 M, beating the estimate of USD 215.69 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.24.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 33.39 M.</p><p></p><h4>Segment Revenue</h4><ul><li>Revenue from single wafer cleaning, Tahoe, and semi-critical cleaning equipment was $122,482 thousand in Q1 2026, compared to $129,569 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></li><li>ECP (front-end and packaging), furnace, and other technologies generated $84,239 thousand in Q1 2026, an increase from $27,630 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></li><li>Advanced packaging (excluding ECP), services, and spares revenue reached $24,542 thousand in Q1 2026, up from $15,148 thousand in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></li></ul><h4>Gross Margin</h4><p>GAAP gross margin for ACM Research, Inc. was 46.4% in Q1 2026, a decrease from 47.9% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Non-GAAP gross margin was 46.5% in Q1 2026, compared to 48.2% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Both gross margins were above the mid-point of ACM Research, Inc.’s long-term business model target range of 42% to 48%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p><h4>Operating Expenses</h4><p>Total GAAP operating expenses were $71.1 million in Q1 2026, marking a 25.2% increase year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> As a percentage of revenue, GAAP operating expenses decreased to 30.7% from 32.9%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Non-GAAP operating expenses were $65.8 million, up 38.5% year-over-year, and as a percentage of revenue, they increased to 28.4% from 27.6%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p><h4>Operating Income</h4><p>GAAP income from operations for ACM Research, Inc. was $36.2 million in Q1 2026, representing a 40.3% increase compared to $25.8 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> The GAAP operating margin was 15.6% in Q1 2026, up from 15.0% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Non-GAAP operating income was $41.8 million, an increase of 17.4% year-over-year compared to $35.6 million, with a non-GAAP operating margin of 18.1% in Q1 2026, compared to 20.7% in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p><h4>Net Income Attributable to ACM Research, Inc.</h4><p>GAAP net income attributable to ACM Research, Inc. was $17.3 million in Q1 2026, compared to $20.4 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Non-GAAP net income attributable to ACM Research, Inc. was $24.3 million in Q1 2026, compared to $31.3 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p><h4>Cash and Cash Equivalents</h4><p>Cash and cash equivalents, plus restricted cash and short-term time deposits, totaled $1.25 billion at March 31, 2026, an increase from $1.13 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Net cash, excluding short-term and long-term borrowings, was $924.2 million at March 31, 2026, compared to $844.5 million at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p><h4>Other Key Financials</h4><p>Total shipments in the first quarter of 2026 were $240.7 million, up 53.6% from $156.7 million in the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Unrealized loss on short-term investments was -$1.4 million in Q1 2026, compared to -$1.1 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> Income tax expense was -$3.8 million in Q1 2026, compared to -$2.2 million in Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> ACM Research, Inc. completed the sale of approximately 4.8 million shares of ACM Research (Shanghai), Inc., generating approximately $110 million in gross proceeds and $86 million net of taxes.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p><h4>Outlook</h4><p>ACM Research, Inc. is maintaining its revenue guidance range of $1.08 billion to $1.175 billion for fiscal year 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> This outlook is supported by new product cycles, market share gains, and increasing engagement from global customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span> The company expects incremental revenue contribution from Tahoe, single-wafer SPM, and vertical furnace, alongside increased evaluations in other platforms.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1680062/000162828026031688/acmr-q12026xearningsreleas.htm"></span></p>

ACM Research | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 231.26 M