ACM Research raises 2026 revenue outlook to $1.125 bln-$1.175 bln from $1.08 bln-$1.175 bln
Company says increased order activity provides good visibility for remainder of 2026
Outlook reflects assessment of trade policy, customer spending, supply chain and tool acceptance timing
Overview
US wafer processing supplier's Q2 revenue rose 36% yr/yr, beating analyst expectations
Net income and diluted EPS increased, while gross margin declined to 46% from 48.5%
Company raised 2026 revenue outlook to 25-30% growth on strong demand and new products
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for ACM Research, Inc. is $103.00, about 30.4% above its August 6 closing price of $78.98
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 26 three months ago
ECP and advanced packaging growth - Revenue growth was led by ECP and advanced packaging categories, which rose 168% and 153% yr/yr, per CEO David Wang
Increased shipments - Co shipped its 2,000th ECP chamber, highlighting increased adoption of ECP technology in high-volume manufacturing
Lower sales in cleaning tools - Growth was partially offset by lower sales of single-wafer cleaning, Tahoe and semi-critical cleaning tools
ACMR•
