ACM Research Inc. (NASDAQ: ACMR) announced preliminary unaudited revenue expectations of $225 million to $230 million for the first quarter of 2026, representing year-over-year growth of 31% to 33%.

The semiconductor equipment supplier also reported preliminary total shipments for the quarter are expected to range from $233 million to $238 million, marking year-over-year growth of 49% to 52%.

The company reaffirmed its full-year 2026 revenue outlook of $1.08 billion to $1.175 billion, which would represent annual growth of 20% to 30%.

The announcement coincided with the release of unaudited financial results by ACM Research (Shanghai) Inc., the company's principal operating subsidiary, to the Shanghai Stock Exchange. ACM currently owns approximately 74% of ACM Shanghai, which contributes a substantial majority of the parent company's consolidated revenue and net income.

ACM will discuss complete first quarter 2026 financial results and revenue outlook for the remainder of the year during an earnings call scheduled for May 7, 2026, at 8 a.m. Eastern Time.

The actual unaudited first quarter results remain subject to completion of the company's quarter-end closing procedures and review by its independent registered public accounting firm.

ACM Shanghai's standalone financial results are reported in Chinese yuan under Chinese accounting principles, while ACM's consolidated results will be prepared in U.S. dollars under U.S. accounting principles, potentially creating material differences between the two reports.