ACM Research beat Q2 estimates on both revenue and EPS. Revenue rose 36% YoY to $292.9M, $24M above consensus. Adjusted EPS of $0.61 nearly doubled the $0.34 estimate. The company raised its full-year revenue growth forecast to 25%-30%, from prior guidance of 25% growth. ECP and advanced packaging segments more than doubled. Gross margin slipped 250 bps to 46.0%.
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