ACM Research Sees 65% Increase in Orders for Q1 2026

By Greg Peters • Monday, June 22 13:00 • Permanent Link

ACM Research (Shanghai) said newly signed orders rose 65% year over year in the first quarter of 2026, and it kept its full-year 2026 revenue guidance at RMB 8.20 billion to RMB 8.80 billion.

The company said electroplating systems accounted for about 30% of year-to-date newly signed orders in 2026, while it expects to deliver more than 20 low-, medium* and high-temperature sulfuric acid cleaning systems to multiple customers this year.

In its cleaning business, ACM said its high* and medium-temperature sulfuric acid cleaning technologies are drawing strong demand from domestic and overseas customers. In electroplating, it said its ultra ECP horizontal panel-level system has strong gross margins because of its technical complexity and differentiated positioning.

The company said its first PECVD SiCN system shipped in April, completed process pre-validation at its Lingang facility, and has moved to a customer for final qualification. It also said the product is aimed at back-end metal interconnect applications at the 55nm node and below.

For track equipment, ACM said it launched its first high-throughput 300 wafers-per-hour front-end KRF coating and developing system in the third quarter of 2025. The system was delivered to a leading Chinese logic wafer manufacturer in September 2025, with lithography scanner integration expected in July 2026 and full production-process qualification expected by year-end.

On the production side, ACM said Plant A is operating close to full capacity. Renovation of Plant B is scheduled to begin in the second half of this year, with partial production lines targeted to start in the fourth quarter. Once both plants are fully operational, the combined annual output value is expected to reach about RMB 20 billion.

The company also said its long-term revenue target is USD 4 billion, including USD 1.6 billion from overseas markets and USD 2.4 billion from mainland China. The market has reacted to these announcements by moving the company's shares -4.34% to a price of $105.10. If you want to know more, read the company's complete 8-K report here.

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