China · Delayed Price · Currency is CNY ACM Research (Shanghai) Earnings Call Transcripts
Fiscal Year 2026
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Revenue and shipments rose 36% year-over-year, led by ECP and advanced packaging growth over 150%. Orders surged 105% in H1 2026, and full-year revenue guidance was raised to 25%-30% growth. Gross margin remained strong at 46%, with robust global and China market demand.
Fiscal Year 2025
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Revenue grew 15% in 2025, outpacing a flat China WFE market, with strong global expansion and new product momentum. Gross margin declined due to product mix and competition, but is expected to recover as new products ramp. 2026 revenue is guided up 25% at midpoint.
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Q2 2025 saw strong sequential growth in revenue and shipments, with gross margin exceeding targets and continued momentum in advanced cleaning and plating tools. Long-term revenue targets were raised, supported by new product innovation, expanded production capacity, and a robust outlook for China and global markets.