ACM Research (ACMR) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 10:28 AM CDT 22 min read

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DATE

May 7, 2026, 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Dr. David Wang

• Chief Financial Officer — Mark McKechnie

• Chief Financial Officer, ACM Shanghai — Lisa Feng

• Managing Director of Investor Relations — Steven C. Pelayo

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Full Conference Call Transcript

Steven C. Pelayo: Thank you. Good day, ladies and gentlemen. Thank you for lasting by, and invited to ACM Research First Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, we are signaling today's call. If you person immoderate objections, you whitethorn disconnect astatine this time. Sorry, I'm repeating that. We released archetypal 4th 2026 results earlier the U.S. marketplace opened today. The merchandise is disposable connected our website arsenic good arsenic from newswire services. There's besides a supplemental descent platform posted to the Investors conception of our website that we volition notation during our prepared remarks. On the telephone with maine contiguous are our CEO, Dr.

David Wang; our CFO, Mark McKechnie; and Lisa Feng, our CFO of our operating subsidiary, ACM Shanghai. Before we continue, delight crook to Slide 2. Let maine punctual you that remarks made during this telephone whitethorn see predictions, estimates oregon different accusation that mightiness beryllium considered forward-looking. These forward-looking statements correspond ACM's existent judgement for the future. However, they are taxable to risks and uncertainties that could origin existent results to disagree materially. Those risks are described nether Risk Factors and elsewhere successful ACM's filings with the Securities and Exchange Commission. Please bash not spot undue reliance connected these forward-looking statements, which bespeak ACM's opinions lone arsenic of the day of this call.

ACM is not obliged to update you connected immoderate revisions to these forward-looking statements. Certain fiscal results that we supply connected this telephone volition beryllium connected a non-GAAP basis, which excludes stock-based compensation and an unrealized summation and nonaccomplishment connected short-term investments. For our GAAP results and reconciliation betwixt GAAP and non-GAAP amounts, you should notation to our net release, which is posted connected the IR conception of our website and connected Slide 13. Also, unless different noted, the pursuing figures notation to the archetypal 4th of 2026, and the comparisons are to the archetypal 4th of 2025. So with that, I'm going to present crook the telephone implicit to David Wang. David?

David Wang: Thanks, Steven. Hello, everyone, and invited to ACM's First Quarter 2026 Earnings Conference Call. We started the twelvemonth with a coagulated Q1 study with gross up 34% and gross borderline supra the midpoint of our semipermanent people range. Revenue maturation for the 4th was driven by the continued spot successful our ECP and Advanced Packaging business. With a planetary roar successful AI, the marketplace is demanding solution for enabling high-speed, high-density and low-power depletion semiconductor devices manufacturing. Many of which person not yet been invented. It is wide that ACM's absorption connected world-class differentiated instrumentality based connected our ain IP is close strategy to triumph successful the planetary market.