Acm Research, Inc. · NASDAQ:ACMR
Acm Research — Q1 2026 Earnings Presentation
14 slides from Acm Research's earnings presentation, May 7, 2026
Slide 1: Supplemental Investor Presentation
Technology Product Customer Differentiation Platformization Globalization Supplemental Investor Presentation Earnings Release – First Quarter 2026 May 7, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements. Certain statements contained in this presentation are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and simila
Slide 3: Q1 2026 Summary
Q1 2026 Summary Q1 2026 Financial Results • $231.3 million revenue (up 34.2% y/y); total shipments of $240.7 million (up 53.6% y/y) • 46.4% GAAP gross margin (versus 47.9% in Q1 2025) • 46.5% non-GAAP gross margin (versus 48.2% in Q1 2025) • $36.2 million GAAP operating income (up 40.3% y/y; 15.6% o
Slide 4: Q1 2026 Revenue Detail
Q1 2026 Revenue Detail Revenue by Product: Q1’26 vs Q1’25 Cleaning 34.2% $231.3M • $122.5M revenue (down 5.5%) 11% Advanced Packaging & Other • Revenue mix 53% vs. 75% $172.3M 9% 36% ECP, Furnace & Other ECP, Furnace & Other 16% • $84.2M revenue (up 204.9%) • Revenue mix 36% vs. 16% 75% 53% Cleaning
Slide 5: Expanding Serviceable Available Market ("SAM")
Expanding Serviceable Available Market (“SAM”)1 PECVD | $5.3B Introduced late 2022 Track | $3.0B Introduced late 2022 Estimated 2025 SAM of $21 billion addressed 2020: Furnace, LPCVD, Furnace | $2.6B by ACM Research’s Vacuum Anneal , High- Temperature Oxidation, 2022: Furnace current product Thermal
Slide 6: Long-Term Target for $4B+ in Revenue
Long-Term Target for $4B+ in Revenue Long-Term Target Composition Advanced Packaging & Other > $4B* ACM Research ECP, Furnace & Other Mainland China ACM Research SAM1 China SAM2 Share3 Revenue Cleaning Cleaning $7.3B $2.4B 60% $1.43B ECP $1.5 $0.5 60% $293M Furnace $2.6 $0.8 15% $127 PECVD $5.3 $1.7
Slide 7: Customer Concentration (≥10%) and Revenue Mix by Customer Type
Customer Concentration (≥10%) and Revenue Mix by Customer Type 10% Customer Mix – Annual Ranking Revenue Mix by Customer Type Largest 2nd 3rd 4th 2025 16.9% 13.5% 11.6% 10.2% 52.2% Customer Type 2025 2024 2023 Memory 27.3% 21.8% 24.1% 2024 14.7% 13.6% 12.0% 11.9% 52.2% Foundry/Logic/Other 58.9% 71.1
Slide 8: ACM Shanghai Facilities
ACM Shanghai Facilities ACM Shanghai HQ and R&D Center Chuansha Production Facilities Lingang R&D and Production Center • ACM Shanghai Headquarters and China R&D • Located in Chuansha area of Pudong district, • Lingang R&D and Production Center Center approximately 11 miles from ACM Shanghai’s Zhang
Slide 9: ACM Oregon R&D and Clean Room Facility
ACM Oregon R&D and Clean Room Facility 6357 NE Evergreen Parkway, Hillsboro, Oregon • Purchased October 1, 2024 • 39,500 sq. feet facility including 5,200 sq. feet clean room • To further expand ACM’s R&D and demonstration capability in the U.S. market 9
Slide 10: 2026 Outlook
2026 Outlook • Maintain 2026 Revenue Guidance Range: $1.08 billion - $1.175 billion • Outlook reflects, among other things: • Current assessment of the continuing impact from international trade policy • Various expected spending scenarios of key customers, supply chain constraints, and the timing o
Slide 11: Q1 2026 Financial Results
Q1 2026 Financial Results Revenue Non-GAAP Gross Profit +34.2% 29.5% $231.3M $107.6M $172.3M $83.1M 48.2% 46.5% Q1‘25 Q1’26 Q1’25 Q1’26 EPS Balance Sheet Finished goods inventory GAAP Non-GAAP Ending cash & cash equivalents 1 1 $0.30 $0.46 $1,252M $1,098M $1,133M $0.24 $0.34 $498M $484M $299M $302M
Slide 12: Neptune Series
— Neptune Series Stress-free polishing Tools) | Panel-level advanced packaging Tools) Saturn Set ies _ {PECVD Tools) iss | é | | * Mercury Series ATrack “I dvanced packaging Tools) ACM Earth Series [ (Cl¢aning Tools) / / /
Slide 13: Q1 2026 GAAP to Non-GAAP Reconciliation
Q1 2026 GAAP to Non-GAAP Reconciliation 13
Slide 14: THANK YOU!
THANK YOU！ ACM Research Technology Product Customer Differentiation Platformization Globalization