Axcelis Technologies, Inc.
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Range $140 – $140
Price Chart
About the company
Axcelis Technologies, Inc. is a company dedicated to the creation, production, and maintenance of specialized ion implantation and other essential processing machinery used in the fabrication of semiconductor chips. Operating internationally, its presence extends across North America, Europe, and Asia.
- CEO
- Russell J. Low
- IPO
- 2000
- Employees
- 1,465
- HQ
- Beverly, MA, US
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Similar companies
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- Market Cap
- $3.81B
- P/E
- 41.32
- Fwd P/E
- 32.33
- PEG
- -1.07
- P/S
- 4.40
- P/B
- 3.58
- EV/EBITDA
- 28.95
- Div Yield
- 0.00%
- Gross Margin
- 43.01%
- Op Margin
- 10.33%
- Net Margin
- 10.71%
- ROE
- 8.91%
- ROIC
- 6.58%
Latest fiscal year · YoY change
- Revenue
- $839.05M-17.6%
- Gross Profit
- $376.85M-17.1%
- Op Income
- $119.31M
- Net Income
- $120.24M-40.2%
- EPS
- $3.81-38.2%
- OCF Growth
- -16.0%
- FCF Growth
- -16.8%
- 52W High
- $193.78
- 52W Low
- $73.60
- 50D MA
- $149.16
- 200D MA
- $114.55
- Beta
- 1.88
- RSI (14)
- 40
- Avg Volume
- 531.14K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Axcelis beat expectations in Q2 with $215 million of revenue and $1.06 EPS, and raised its full-year outlook as demand improved across power, memory and CS&I.· August 6, 2026
- Q2 revenue was $215 million and EPS was $1.06, both above expectations.
- Gross margin came in at 42.7%, with adjusted EBITDA margin at 16.7% and free cash flow of $15 million.
- Bookings were $131 million, backlog ended at $452 million, and book-to-bill stayed around 1x.
- Management now expects 2026 revenue growth of approximately mid-single digits, versus prior guidance for flat revenue.
- Demand commentary turned more constructive in power, memory and general mature, while CS&I remained a strong growth and profitability driver.
Second-quarter revenue was $215 million, including $132 million of system revenue and $83 million of CS&I revenue. EPS was $1.06, gross margin was 42.7%, operating margin was 14.7%, adjusted EBITDA was $36 million and adjusted EBITDA margin was 16.7%; bookings were $131 million and backlog was $452 million. Free cash flow was $15 million, including about $6 million of cash transaction expenses tied to the pending Veeco merger, and the company ended the quarter with $577 million of cash, cash equivalents and marketable securities. For Q3, Axcelis guided to revenue of approximately $230 million, gross margin of approximately 43%, operating expenses of approximately $62 million, adjusted EBITDA of approximately $41 million and EPS of approximately $1.11. For full-year 2026, management now expects revenue growth of approximately mid-single digits year over year, above its prior view of flat revenue, and said Q4 revenue should increase sequentially with gross margin improving slightly versus Q3.
Russell Low said the quarter reflected strong execution and favorable demand trends, with sequential improvement in systems revenue led by power and general mature, while memory was moderated by fab-space timing rather than demand weakness. He emphasized that customer investment plans in memory remain robust, CS&I is gaining traction as a deliberate multiyear growth focus, and book-to-bill near 1x suggests greater end-market stability. His tone was confident and constructive, with a clear expectation that current trends can carry into 2027.
David Ryzhik highlighted that Q2 revenue exceeded forecast, with both system and CS&I revenue above plan, while gross margin of 42.7% was slightly below the 43% outlook because of CS&I mix and higher services costs. Operating expenses were $60 million versus $59 million expected, adjusted EBITDA was $36 million, and the tax rate was 11% versus a 15% forecast due to an equity-compensation windfall benefit. He also noted $15 million of free cash flow, $577 million of cash and marketable securities on hand, and said the company has capacity to support higher revenue, with potential absorption benefits to gross margin as volume rises.
Analysts focused on whether memory could be sequentially stronger, what is driving the power rebound, how much of the CS&I strength is utilization versus installed-base upgrades, and whether NAND is becoming a meaningful growth driver. Management said memory will likely remain lumpy in 2026 until new cleanroom space comes online, but still expects significant year-over-year growth and another growth year in 2027, with DRAM leading and NAND still too early to call a trend. On power, they cited recovery after digestion, EVs as the main driver, and emerging data-center and industrial opportunities; on CS&I, they said rising utilization, more installed base and upgrades are boosting demand. They also said NAND should follow DRAM over time but is not yet showing a clear trend, and that memory remains somewhat lower-margin on systems but generates higher-margin aftermarket over the tool life.
The call pointed to improving demand across several end markets, with power in recovery, memory still robust, and CS&I building a more recurring revenue base. Management raised full-year revenue expectations to mid-single-digit growth and said 2027 should bring another year of growth, suggesting the current improvement is not viewed as a one-quarter event.
Memory remains lumpy and dependent on fab-space availability, and management said the second half of 2026 may look similar to the first half for memory. NAND was described as not yet a trend, power is still influenced by timing and customer digestion cycles, and management noted that memory systems tend to carry lower gross margins on the hardware side.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.3%
- Shares Outstanding
- 30.73M
- Float Shares
- 30.53M
of shares held by institutions
391 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 5.03M | ▲ 92.69K |
| Fmr LLC | 4.13M | ▲ 1.69M |
| Vanguard Group Inc | 4.12M | ▼ 63.17K |
| Vanguard Capital Management LLC | 1.39M | ▲ 3.75K |
| State Street Corp | 1.23M | ▲ 42.06K |
| Victory Capital Management Inc | 1.13M | ▼ 145.00K |
| Reinhart Partners, Inc. | 928.66K | ▼ 729.09K |
| Geode Capital Management, LLC | 833.61K | ▲ 22.34K |
| Bnp Paribas Asset Management Holding S.A. | 803.15K | ▼ 202.88K |
| Dimensional Fund Advisors LP | 709.27K | ▼ 134.83K |
| Balyasny Asset Management L.P. | 616.20K | ▼ 748.34K |
| Primecap Management Co | 610.45K | ▼ 48.20K |
Held by 365 ETFs
Biggest fund positions in ACLS by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 15, 26 | Ryzhik David | other | 127 |
| Jul 15, 26 | Ryzhik David | other | 94 |
| Jun 16, 26 | Ryzhik David | other | 76 |
| Jun 15, 26 | Blumenstock Gerald M | other | 506 |
| Jun 3, 26 | Sayiner Necip | sell | 1,586 |
| May 27, 26 | Sutton Todd | sell | 2,000 |
| May 22, 26 | St Dennis Thomas | sell | 900 |
| May 22, 26 | Evans Eileen | sell | 926 |
| May 21, 26 | Blumenstock Gerald M | sell | 1,161 |
| May 20, 26 | Tatnall Christopher | sell | 1,166 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our ACLS coverage
Recent articles, reports, and earnings notes.
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Generate ACLS report →Cetera Investment Advisers Sells 4,828 Shares of Axcelis Technologies, Inc. $ACLS
defenseworld.net · Aug 20
Axcelis Technologies Inc (ACLS) Shares Fall 5.9% -- What GF Score of 91 Tells Investors
gurufocus.com · Aug 18
Axcelis Technologies, Inc. $ACLS Holdings Lifted by California State Teachers Retirement System
defenseworld.net · Aug 9
Axcelis Technologies, Inc. (ACLS) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 6
Axcelis Technologies (ACLS) Q2 Earnings and Revenues Beat Estimates
zacks.com · Aug 6
Axcelis Technologies Q2 Earnings Call Highlights
marketbeat.com · Aug 6
Axcelis Announces Financial Results for Second Quarter 2026
prnewswire.com · Aug 6
Axcelis Announces Participation in Upcoming Investor Conferences in August
prnewswire.com · Jul 29
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