Filing Flows › ACM Research (ACMR) › Q2 2026
ACM Research (ACMR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
ACM Research (ACMR) reported revenue of $293M for the second quarter 2026 (Q2 2026), +36% from a year earlier and +27% from the quarter before. Operating margin was 17.0%, net earnings $89.0M (30.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $293M | +27% | +36% |
| Gross profit | $135M | +26% | +29% |
| Operating profit | $49.7M | +37% | +57% |
| Net earnings | $89.0M | +414% | +199% |
| Operating cash flow | −$6.4M | — | — |
What changed
Revenue was $292.9M in Q2 2026, up 36% year over year and up 27% from the previous quarter. Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment was the largest line at 45% of revenue. ECP (front-end and packaging), Furnace and Other Technologies added $80.5M year over year (up 168%), 104% of the total change. Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment declined 14%.
Gross margin was 46.0%, down 2.5 points from Q2 2025. Operating profit was $49.7M, a 17.0% margin (up 2.3 points year over year). Of the extra revenue versus Q2 2025, 23% reached operating profit, above the 15% margin then. Operating expenses grew 17% against revenue growth of 36%. The fastest-growing cost line was Research & development (+25%). Net earnings were $89.0M, up 199% year over year. The effective tax rate was 9.9%. Non-operating items added $86.0M, 63% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$6.4M. Non-cash charges added back $6.3M of depreciation and amortization and $6.6M of share-based compensation. Working capital and other items used $141.5M. Capital expenditures of $65.1M exceeded it, leaving free cash flow of −$71.5M.
Questions
What was ACM Research's revenue in the second quarter 2026?
ACM Research (ACMR) reported revenue of $293M for the second quarter 2026 (Q2 2026), +36% from a year earlier and +27% from the quarter before.
Was ACM Research profitable in the second quarter 2026?
Operating profit was $49.7M (17.0% of revenue) and net earnings $89.0M.
Source: ACM Research 10-Q on SEC EDGAR.