ACM Research gains after Q2 revenue beat, revenue forecast hike

ACM Research

07/08/2026 13:31

** Semiconductor equipment firm ACM Research's shares ACMR.O rise 14.6% to $90.5 premarket
** Co posts Q2 revenue of $282.9 mln, beating analysts' estimates of $269.3 mln- data compiled by LSEG 
** ACM raises the lower end of FY26 revenue forecast to $1.125 bln - $1.175 bln from $1.08 bln - $1.175  bln
** Revenue growth led by electrochemical plating tech and advanced packaging categories, up 168% and 153%, respectively, CEO says
** Seven of eight brokerages rate the stock "buy" or higher and one "hold"; median PT is $103- LSEG data
** As of last close, stock doubled in value YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((anandgopal.r@thomsonreuters.com))