10-K · February 26, 2026
Axcelis reported FY2025 revenue of $839.0M and diluted EPS of $3.80, with gross margin essentially stable at 44.9% while operating profit declined to $119.3M from $210.8M in 2024. The company generated $118.3M of cash…
Earnings analysis · 10-Q
ACLS earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Axcelis Technologies reported Q1 2026 results with revenue of $198.96 million, slightly exceeding estimates, and a diluted EPS of $0.72, beating expectations of $0.68. While revenue increased 3.3% year-over-year, gross…
Read full summary
Axcelis Technologies reported Q1 2026 results with revenue of $198.96 million, slightly exceeding estimates, and a diluted EPS of $0.72, beating expectations of $0.68. While revenue increased 3.3% year-over-year, gross margins declined significantly due to rising costs in services and a detrimental product mix, leading to decreased operating income. Management anticipates revenue growth in the next quarter, projecting approximately $205 million in Q2 2026.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.72
- Segment
- Product
- Segment
- Services
What stood out
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Revenue Growth vs. Last Year
Revenue increased to $198.96 million, a 3.3% increase from $192.56 million in Q1 2025.
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EPS Beat
Reported EPS was $0.72, outperforming consensus estimates of $0.68.
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Strong Aftermarket Revenue
Aftermarket revenue rose 32% year-over-year to $72.6 million.
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Cash Position
Unrestricted cash and cash equivalents stood at $150.8 million.
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Positive Revenue Guidance
Management expects Q2 revenue to reach approximately $205 million.
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Small Revenue Beat
Actual revenue surpassed estimates by $3.92 million.
What to watch
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Declining Gross Margin
Gross margin fell to 40.5%, down from 46.1% in Q1 2025, due to unfavorable product mix.
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Increased Operating Expenses
Total operating expenses rose by 21.8% to $72.6 million, limiting profitability.
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Market Investment Slowdown
Sales of systems declined as customer investment in mature process technologies moderated.
Management's outlook
Management anticipates revenue of approximately $205 million for Q2 2026, driven by demand for aftermarket services.
Earlier filings 4
10-Q · November 6, 2025
Axcelis Technologies' Q3 2025 results show a slight revenue decline but exceeded analyst expectations, reporting revenues of $213.6 million and EPS of $1.21 against estimates of $200.2 million and $0.95 respectively.…
10-Q · May 6, 2025
Axcelis reported Q1 revenue of $192,563,000 and diluted EPS of $0.88 for the three months ended March 31, 2025. Revenue and earnings declined materially year-over-year, but gross margin held at 46.1% and operating cash…
10-Q · November 7, 2024
Axcelis reported Q3 revenue of $256,564,000 and diluted EPS of $1.49. Revenue, gross profit and operating income all declined versus the year-ago quarter (revenue down $35,762,000; income from operations down…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.