Axcelis Technologies (NASDAQ:ACLS) Posts Earnings Results, Beats Estimates By $0.15 EPS

Axcelis Technologies (NASDAQ:ACLS) announced its quarterly earnings data on Thursday. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15, FiscalAI reports. The firm had revenue of $237.78 million for the quarter, compared to the consensus estimate of $230.08 million. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Axcelis Technologies updated its Q4 2026 guidance to 1.500-1.500 EPS.

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

• Axcelis reported Q3 revenue of $238 million and diluted EPS of $1.26, both ahead of its expectations. CS&I revenue reached a quarterly record of $93 million.
• Gross margin was 41.2%, below the 43% outlook, mainly because the stronger Korean won increased costs; foreign-exchange gains in other income partly offset the impact.
• Bookings rose to $222 million, the highest since Q4 2023, with a 1.5 book-to-bill ratio and backlog reaching $531 million. Management described demand as broadening across power, memory and general mature markets, and expects all three to grow in 2027.
• For Q4, Axcelis forecast revenue of about $275 million and EPS of about $1.50, with growth primarily from power and general mature. It expects Q1 2027 revenue to be relatively consistent with Q4 despite seasonal CS&I softness.
• The pending Veeco merger is now expected to close by the end of Q1 2027, subject to regulatory clearance in China and a new HSR submission.

Axcelis Technologies Trading Up 10.3%

Shares of NASDAQ:ACLS opened at $99.24 on Friday. The business’s fifty day simple moving average is $115.62 and its 200-day simple moving average is $122.71. Axcelis Technologies has a 12-month low of $73.60 and a 12-month high of $193.78. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.06 billion, a PE ratio of 29.54, a P/E/G ratio of 2.91 and a beta of 1.88.

Trending Headlines about Axcelis Technologies

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

• Positive Sentiment: Third-quarter earnings beat expectations: non-GAAP EPS was $1.26 versus a $1.11 consensus, while revenue of $237.8 million topped estimates of about $230 million and rose 11.3% year over year. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Axcelis forecast fourth-quarter revenue of $275 million and EPS of $1.50, both well above analyst estimates of roughly $239 million and $1.18, respectively. The upbeat outlook is a key reason for the positive investor reaction. Axcelis expects about $275M Q4 revenue
• Positive Sentiment: Craig Hallum upgraded ACLS from Hold to Buy and set a $140 price target, signaling improved analyst sentiment. Craig Hallum upgrades Axcelis
• Neutral Sentiment: Axcelis said it is targeting completion of its Veeco merger by the end of the first quarter of 2027; the transaction’s eventual impact will depend on closing and integration. Merger timing and Q4 outlook
• Negative Sentiment: B. Riley reaffirmed its Buy rating but cut its price target to $140 from $165, tempering the bullish signal despite the target remaining above the current share price. B. Riley reaffirms Buy and lowers target

Analyst Ratings Changes

A number of brokerages recently commented on ACLS. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Friday. Weiss Ratings upgraded shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 16th. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $140.00 price target (down from $165.00) on shares of Axcelis Technologies in a report on Friday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.33.

About Axcelis Technologies

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.