Filing Flows › ACM Research (ACMR) › Q2 2026 › vs Q2 2025
ACM Research (ACMR) Q2 2026 vs Q2 2025 (year over year)
ACM Research's revenue rose $77.5M (+36%) from $215M in Q2 2025 to $293M in Q2 2026. The biggest changes: ECP (front-end and packaging), Furnace and Other Technologies +$80.5M (+168%); Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment −$22.0M (-14%); Advanced Packaging (excluding ECP), Services & Spares +$19.0M (+153%). Gross margin 46.0% against 48.5% (-2.5 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 46.0% | 48.5% | -2.5 pts |
| Operating margin | 17.0% | 14.7% | +2.3 pts |
| Net margin | 30.4% | 13.8% | +16.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment | $133M | $155M | −$22.0M | -14% |
| ECP (front-end and packaging), Furnace and Other Technologies | $129M | $48.0M | $80.5M | +168% |
| Advanced Packaging (excluding ECP), Services & Spares | $31.4M | $12.4M | $19.0M | +153% |
| Revenue | $293M | $215M | $77.5M | +36% |
| Gross profit | $135M | $104M | $30.2M | +29% |
| Cost of revenue | $158M | $111M | $47.4M | +43% |
| Other income, net | $86.0M | $6.5M | $79.5M | 13× |
| Operating profit | $49.7M | $31.7M | $18.0M | +57% |
| Operating expenses | $84.9M | $72.8M | $12.1M | +17% |
| Pre-tax earnings | $136M | $38.2M | $97.6M | +256% |
| Research & development | $42.3M | $33.8M | $8.4M | +25% |
| Sales & marketing | $23.8M | $22.1M | $1.7M | +8% |
| General & admin | $18.8M | $16.8M | $2.0M | +12% |
| Net earnings | $89.0M | $29.8M | $59.2M | +199% |
| Minority interests | $33.3M | $6.5M | $26.8M | +411% |
| Income tax | $13.5M | $1.9M | $11.6M | +612% |
| Operating cash sources | $108M | $87.9M | $20.3M | +23% |
| Depreciation & amortization | $6.3M | $3.5M | $2.8M | +79% |
| Share-based compensation | $6.6M | $9.8M | −$3.2M | -33% |
| Cash used in operations | $6.4M | $44.9M | −$38.5M | -86% |
| Working capital & other | $108M | $87.9M | $20.3M | +23% |
Questions
How much did ACM Research's revenue grow year over year in Q2 2026?
ACM Research's revenue rose $77.5M (+36%) from $215M in Q2 2025 to $293M in Q2 2026.
What drove ACM Research's revenue change in Q2 2026?
ECP (front-end and packaging), Furnace and Other Technologies +$80.5M (+168%); Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment −$22.0M (-14%); Advanced Packaging (excluding ECP), Services & Spares +$19.0M (+153%).