ACM Research, Inc. (ACMR)

ACM Research beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported August 7, with adjusted EPS of $0.61 topping the $0.42 estimate (+46%) and revenue of $292.9 million against a $269.3 million estimate (+8.8%). Revenue rose 36% to about $292.9 million from about $215.4 million a year ago, with growth led by ECP (front-end and packaging), Furnace and Other Technologies, which jumped roughly 168% to about $128.5 million, alongside Advanced Packaging (excluding ECP), Services & Spares, up about 153% to roughly $31.4 million; the largest line, Single Wafer Cleaning, Tahoe and Semi-Critical Cleaning Equipment, declined about 14% to about $133.0 million. Profitability included gross profit of roughly $134.6 million, with gross margin at about 46% and operating margin near 17% on operating income of around $49.7 million. Net income surged 199% year over year to about $89.0 million versus roughly $29.8 million a year ago, while adjusted EPS rose 13% from $0.54. The company posted negative operating cash flow of roughly $6.4 million. Consensus for the next period calls for EPS of $0.51 on revenue of $308.5 million.