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ACM Research (Shanghai)
ACM Research (Shanghai) (688082) investor relations material
ACM Research (Shanghai) Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary28 Apr, 2026
Executive summary
Revenue for Q1 2026 reached RMB 1.48 billion, up 13.06% year-over-year, but net profit attributable to shareholders dropped 57.66% to RMB 104 million.
Operating cash flow turned negative at -RMB 144 million, compared to a positive RMB 93 million in Q1 2025.
R&D investment increased 22.35% year-over-year, now accounting for 20.90% of revenue.
Financial highlights
Gross margin declined as operating costs and R&D expenses rose sharply.
Basic EPS fell to RMB 0.22 from RMB 0.56 year-over-year, a 60.71% decrease.
Total assets grew 1.88% to RMB 19.25 billion; equity attributable to shareholders rose 1.28%.
Outlook and guidance
Profitability was impacted by increased R&D spending and significant foreign exchange losses.
Management emphasizes continued investment in technology to maintain competitiveness.
Exchange rate impact on Q1 financial expenses
Reason for negative operating cash flow in Q1 2026
Drivers for the 22.35% increase in R&D spending
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Latest events from ACM Research (Shanghai)
- 2025 revenue rose 15% with global expansion; 2026 outlook targets 25% growth at midpoint.688082
Q4 20256 Mar 2026 - Revenue and profit surged on China demand and new tech, but cash flow declined.688082Q2 202517 Feb 2026
- Revenue up 44.5%, net profit up 26.7%, with strong cash flow and a 25% dividend payout.688082Q4 202415 Dec 2025
- Revenue up 49.33% year-over-year, net profit stable, R&D investment surged.688082H1 202415 Dec 2025
- Revenue and net profit surged over 35% year-over-year on robust semiconductor demand.688082Q3 202415 Dec 2025
- Q3 net profit jumped 81% year-over-year, driven by robust revenue and a successful share placement.688082Q3 202530 Oct 2025
- Q1 2025 net profit soared 207% on 42% revenue growth amid strong semiconductor demand.688082Q1 20256 Jun 2025
ACM Research (Shanghai)
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