ACMR · ACM Research, Inc.

ACM Research, through its operating subsidiary ACM Shanghai, provided a comprehensive business update in a record of investor relations activity filed with the Shanghai Stock Exchange on June 18, 2026. The key forward-looking disclosure is the full-year 2026 revenue guidance of RMB 8.20 billion to RMB 8.80 billion, supported by a 65% year-over-year increase in new orders during the first quarter. This strong order intake, particularly in cleaning and electroplating systems, indicates robust demand across domestic and overseas markets. Electroplating systems alone accounted for approximately 30% of year-to-date new orders, benefiting from differentiated technology like the Ultra ECP horizontal panel-level system, which commands strong gross margins due to its technical complexity and patent protection.

Operationally, the Lingang mini-line has been a strategic asset, enabling pre-validation of equipment before customer delivery—significantly reducing qualification cycles. This was demonstrated by the first PECVD SiCN system, which shipped in April 2026 after process pre-validation at Lingang, and is now undergoing final customer qualification. In the Track segment, the company expects integration of its KrF system with a lithography scanner in July 2026, with full production qualification targeted by year-end, paving the way for expansion into ArF immersion systems.

Longer-term, ACM Shanghai targets total revenue of USD 4 billion, with USD 1.6 billion from overseas markets. To support growth, the company is expanding capacity: Plant B renovation will begin in the second half of 2026, with partial production lines expected operational in Q4, aiming for a combined annual output value of approximately RMB 20 billion once both plants are fully utilized. These disclosures underscore ACM Research's confidence in its growth trajectory and its ability to capitalize on semiconductor equipment demand in China and globally.