Filing Flows › ACM Research (ACMR) › Q2 2026 › vs Q1 2026
ACM Research (ACMR) Q2 2026 vs Q1 2026 (quarter over quarter)
ACM Research's revenue rose $61.7M (+27%) from $231M in Q1 2026 to $293M in Q2 2026. The biggest changes: ECP (front-end and packaging), Furnace and Other Technologies +$44.3M (+53%); Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment +$10.5M (+9%); Advanced Packaging (excluding ECP), Services & Spares +$6.9M (+28%). Gross margin 46.0% against 46.4% (-0.4 pts).
ACM Research, Q2 2026: revenue $293M (+36% year over year), operating margin 17.0%, net earnings $89.0M, operating cash flow −$6.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 46.0% | 46.4% | -0.4 pts |
| Operating margin | 17.0% | 15.6% | +1.3 pts |
| Net margin | 30.4% | 7.5% | +22.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment | $133M | $122M | $10.5M | +9% |
| ECP (front-end and packaging), Furnace and Other Technologies | $129M | $84.2M | $44.3M | +53% |
| Advanced Packaging (excluding ECP), Services & Spares | $31.4M | $24.5M | $6.9M | +28% |
| Revenue | $293M | $231M | $61.7M | +27% |
| Gross profit | $135M | $107M | $27.4M | +26% |
| Cost of revenue | $158M | $124M | $34.3M | +28% |
| Other income, net | $86.0M | −$6.2M | $92.2M | — |
| Operating profit | $49.7M | $36.2M | $13.6M | +37% |
| Operating expenses | $84.9M | $71.1M | $13.8M | +19% |
| Pre-tax earnings | $136M | $30.0M | $106M | +352% |
| Research & development | $42.3M | $36.5M | $5.7M | +16% |
| Sales & marketing | $23.8M | $20.7M | $3.1M | +15% |
| General & admin | $18.8M | $13.8M | $5.0M | +36% |
| Net earnings | $89.0M | $17.3M | $71.7M | +414% |
| Minority interests | $33.3M | $8.9M | $24.3M | +273% |
| Income tax | $13.5M | $3.8M | $9.7M | +257% |
| Operating cash sources | $108M | $57.6M | $50.6M | +88% |
| Depreciation & amortization | $6.3M | $5.2M | $1.1M | +22% |
| Share-based compensation | $6.6M | $5.6M | $962K | +17% |
| Cash used in operations | $6.4M | $29.5M | −$23.2M | -78% |
| Working capital & other | $108M | $57.6M | $50.6M | +88% |
Questions
How much did ACM Research's revenue grow quarter over quarter in Q2 2026?
ACM Research's revenue rose $61.7M (+27%) from $231M in Q1 2026 to $293M in Q2 2026.
What drove ACM Research's revenue change in Q2 2026?
ECP (front-end and packaging), Furnace and Other Technologies +$44.3M (+53%); Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment +$10.5M (+9%); Advanced Packaging (excluding ECP), Services & Spares +$6.9M (+28%).