Axcelis Technologies (NASDAQ:ACLS) Posts Earnings Results, Beats Expectations By $0.01 EPS

Axcelis Technologies (NASDAQ:ACLS) posted its quarterly earnings results on Thursday. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01, Briefing.com reports. The business had revenue of $198.96 million during the quarter, compared to analyst estimates of $195.03 million. Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. Axcelis Technologies updated its Q2 2026 guidance to 0.900- EPS.

Here are the key takeaways from Axcelis Technologies’ conference call:

• Reported revenue of $199 million and EPS of $0.72, slightly above expectations but including a one-time $5 million customer settlement that reduced EPS by about $0.09.
• CS&I revenue grew >30% year-over-year and exceeded expectations, while system shipments and bookings into the memory market strengthened — management expects strong memory growth for full-year 2026.
• Management highlighted encouraging demand signals for silicon carbide with increased customer engagement on 200mm transitions and channeling, but noted that power and general mature markets remain in a near-term digestion phase.
• Company reaffirmed 2026 guidance of roughly flat revenue year-over-year, with Q2 revenue expected near $205 million, gross margin ~43%, Q2 EPS ~$0.90, and a second-half weighting leading into expected growth in 2027.
• Pending merger with Veeco is expected to close in H2 2026 pending China approval, and Axcelis exited Q1 with a strong balance sheet of ~$570 million in cash and marketable securities to support operations and transaction costs.

Axcelis Technologies Trading Up 2.3%

Axcelis Technologies stock traded up $3.62 during mid-day trading on Friday, hitting $162.28. The company’s stock had a trading volume of 749,301 shares, compared to its average volume of 796,852. The firm has a market capitalization of $4.99 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 20.44 and a beta of 1.93. Axcelis Technologies has a 1 year low of $55.93 and a 1 year high of $171.61. The company has a current ratio of 4.77, a quick ratio of 3.11 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average is $105.37 and its two-hundred day moving average is $92.72.

Insider Activity at Axcelis Technologies

In related news, CEO Russell Low sold 7,468 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $156.75, for a total value of $1,170,609.00. Following the completion of the transaction, the chief executive officer directly owned 123,570 shares in the company, valued at approximately $19,369,597.50. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 1,000 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the completion of the transaction, the director owned 6,477 shares of the company’s stock, valued at $518,160. The trade was a 13.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,956 shares of company stock valued at $1,540,361 over the last quarter. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ACLS. Royal Bank of Canada grew its position in Axcelis Technologies by 3.8% in the first quarter. Royal Bank of Canada now owns 117,566 shares of the semiconductor company’s stock worth $5,838,000 after acquiring an additional 4,324 shares during the period. AQR Capital Management LLC lifted its stake in Axcelis Technologies by 4.9% during the first quarter. AQR Capital Management LLC now owns 35,717 shares of the semiconductor company’s stock worth $1,774,000 after purchasing an additional 1,678 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Axcelis Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,396 shares of the semiconductor company’s stock worth $963,000 after purchasing an additional 849 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Axcelis Technologies by 7.5% during the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock worth $31,560,000 after purchasing an additional 44,275 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Axcelis Technologies by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,756 shares of the semiconductor company’s stock worth $3,912,000 after purchasing an additional 836 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

More Axcelis Technologies News

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Raised near-term guidance — Management set Q2 2026 EPS guidance around $0.90, above the Street (~$0.78), providing clear forward earnings upside that supports the rally. Read More.
• Positive Sentiment: Q1 beat on both EPS and revenue with healthy margins — Non‑GAAP EPS $0.72 vs. $0.71 consensus and revenue of $199.0M vs. ~$195M; non‑GAAP gross margin ~40.7%, which validates profitability as revenues rise modestly year-over-year. Read More.
• Positive Sentiment: Conference / technical visibility — Participation in ASMC 2026 and investor presentations reinforce Axcelis’s process leadership in ion implantation, aiding demand visibility for advanced-node tools. Read More.
• Neutral Sentiment: Earnings call color available — Transcripts and the conference presentation provide details on demand mix, margin drivers and product roadmap useful for modeling; no major surprises beyond the raised guidance. Read More.
• Neutral Sentiment: Full results release and GAAP vs. non‑GAAP reconciliation posted — Investors can drill into one‑time items and cash flow to refine estimates. Read More.
• Negative Sentiment: Insider sale by CEO — CEO Russell Low sold 7,468 shares (~$1.17M) under a pre-arranged Rule 10b5‑1 plan; while planned, insider sales can temper sentiment for some investors. Read More.
• Negative Sentiment: Analyst coverage remains mixed — Several price targets and ratings are below current levels, which could cap upside if demand softens or guidance slips. Read More.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACLS. Bank of America upped their price target on Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research report on Tuesday, January 13th. Weiss Ratings upgraded Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Monday, April 20th. Finally, Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $116.25.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.