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(NASDAQ: ACMR) grew second-quarter revenue 36% year over year to $292.9 million, with its electroplating and advanced packaging categories running well ahead of the headline.
The case for ACMR has always rested on product-cycle exposure in fast-moving process steps. What's changed is scale: the company ended June with $1.0 billion in net cash and a raised full-year revenue outlook.
ECP and advanced packaging drive the growth The growth is concentrated. ECP (front-end and packaging) revenue climbed 168% year over year; advanced packaging, excluding ECP, rose 153%. Those two lines are doing the work.
David Wang framed the quarter's milestone in concrete terms, citing shipment of the 2,000th electroplating chamber, following shipment milestones of 500 chambers in 2022 and 1,500 chambers in 2025.
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