Filing Flows › ACM Research (ACMR) › Q3 2026 › vs Q3 2025
ACM Research (ACMR) Q3 2026 vs Q3 2025 (year over year)
ACM Research's revenue rose $98.5M (+37%) from $269M in Q3 2025 to $368M in Q3 2026. The biggest changes: ECP (front-end and packaging), Furnace and Other Technologies +$49.6M (+83%); Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment +$29.2M (+16%); Advanced Packaging (excluding ECP), Services & Spares +$19.8M (+71%). Gross margin 41.5% against 42.0% (-0.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.5% | 42.0% | -0.6 pts |
| Operating margin | 15.1% | 10.7% | +4.4 pts |
| Net margin | 0.4% | 13.3% | -12.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment | $211M | $182M | $29.2M | +16% |
| ECP (front-end and packaging), Furnace and Other Technologies | $109M | $59.9M | $49.6M | +83% |
| Advanced Packaging (excluding ECP), Services & Spares | $47.5M | $27.7M | $19.8M | +71% |
| Revenue | $368M | $269M | $98.5M | +37% |
| Gross profit | $152M | $113M | $39.3M | +35% |
| Cost of revenue | $215M | $156M | $59.3M | +38% |
| Operating profit | $55.5M | $28.9M | $26.6M | +92% |
| Operating expenses | $96.9M | $84.2M | $12.7M | +15% |
| Pre-tax earnings | $8.2M | $49.1M | −$40.9M | -83% |
| Other expense, net | $47.3M | −$20.2M | $67.5M | — |
| Research & development | $51.4M | $39.7M | $11.7M | +30% |
| Sales & marketing | $26.9M | $22.3M | $4.6M | +21% |
| General & admin | $18.6M | $22.3M | −$3.7M | -16% |
| Net earnings | $1.5M | $35.9M | −$34.3M | -96% |
| Minority interests | $4.8M | $10.5M | −$5.7M | -55% |
| Income tax | $1.9M | $2.7M | −$803K | -30% |
| Operating cash sources | $89.7M | $50.5M | $39.1M | +77% |
| Depreciation & amortization | $7.0M | $2.5M | $4.5M | +184% |
| Share-based compensation | $10.7M | $7.6M | $3.1M | +42% |
| Cash used in operations | $70.4M | $4.6M | $65.8M | 15× |
| Working capital & other | $89.7M | $50.5M | $39.1M | +77% |
Questions
How much did ACM Research's revenue grow year over year in Q3 2026?
ACM Research's revenue rose $98.5M (+37%) from $269M in Q3 2025 to $368M in Q3 2026.
What drove ACM Research's revenue change in Q3 2026?
ECP (front-end and packaging), Furnace and Other Technologies +$49.6M (+83%); Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment +$29.2M (+16%); Advanced Packaging (excluding ECP), Services & Spares +$19.8M (+71%).