ACM Shanghai Q1 new orders +65% YoY; reaffirms FY2026 rev guidance RMB 8.2-8.8B

ACM Research, Inc.

Q1 2026 new orders up 65% YoY; full-year 2026 revenue guidance maintained at RMB 8.2-8.8 billion.
Electroplating orders ~30% of YTD new signed orders; >20 cleaning systems expected in 2026.
First PECVD SiCN system shipped in April; Lingang mini-line operational, accelerating product validation cycles.
Long-term revenue target USD 4B ($1.6B overseas, $2.4B China); Plant B renovation H2 2026, partial ops Q4.
Component localization progressing; all non-standard components fully localized; internal test platforms built with domestic parts.

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