Filing Flows › ACM Research (ACMR) › Q3 2026 › vs Q2 2026
ACM Research (ACMR) Q3 2026 vs Q2 2026 (quarter over quarter)
ACM Research's revenue rose $74.8M (+26%) from $293M in Q2 2026 to $368M in Q3 2026. The biggest changes: Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment +$77.7M (+58%); ECP (front-end and packaging), Furnace and Other Technologies −$19.1M (-15%); Advanced Packaging (excluding ECP), Services & Spares +$16.1M (+51%). Gross margin 41.5% against 46.0% (-4.5 pts).
ACM Research, Q3 2026: revenue $368M (+37% year over year), operating margin 15.1%, net earnings $1.5M, operating cash flow −$70.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 41.5% | 46.0% | -4.5 pts |
| Operating margin | 15.1% | 17.0% | -1.9 pts |
| Net margin | 0.4% | 30.4% | -30.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment | $211M | $133M | $77.7M | +58% |
| ECP (front-end and packaging), Furnace and Other Technologies | $109M | $129M | −$19.1M | -15% |
| Advanced Packaging (excluding ECP), Services & Spares | $47.5M | $31.4M | $16.1M | +51% |
| Revenue | $368M | $293M | $74.8M | +26% |
| Gross profit | $152M | $135M | $17.8M | +13% |
| Cost of revenue | $215M | $158M | $57.0M | +36% |
| Operating profit | $55.5M | $49.7M | $5.8M | +12% |
| Operating expenses | $96.9M | $84.9M | $12.0M | +14% |
| Pre-tax earnings | $8.2M | $136M | −$128M | -94% |
| Other expense, net | $47.3M | −$86.0M | $133M | — |
| Research & development | $51.4M | $42.3M | $9.1M | +22% |
| Sales & marketing | $26.9M | $23.8M | $3.1M | +13% |
| General & admin | $18.6M | $18.8M | −$236K | -1% |
| Net earnings | $1.5M | $89.0M | −$87.4M | -98% |
| Minority interests | $4.8M | $33.3M | −$28.5M | -86% |
| Income tax | $1.9M | $13.5M | −$11.6M | -86% |
| Operating cash sources | $89.7M | $108M | −$18.6M | -17% |
| Depreciation & amortization | $7.0M | $6.3M | $670K | +11% |
| Share-based compensation | $10.7M | $6.6M | $4.1M | +63% |
| Cash used in operations | $70.4M | $6.4M | $64.1M | 11× |
| Working capital & other | $89.7M | $108M | −$18.6M | -17% |
Questions
How much did ACM Research's revenue grow quarter over quarter in Q3 2026?
ACM Research's revenue rose $74.8M (+26%) from $293M in Q2 2026 to $368M in Q3 2026.
What drove ACM Research's revenue change in Q3 2026?
Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment +$77.7M (+58%); ECP (front-end and packaging), Furnace and Other Technologies −$19.1M (-15%); Advanced Packaging (excluding ECP), Services & Spares +$16.1M (+51%).