Axcelis Technologies (NASDAQ:ACLS) Posts Earnings Results, Beats Estimates 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, topping analysts’ consensus estimates of $0.71 by $0.01, Briefing.com reports. Axcelis Technologies had a return on equity of 12.25% and a net margin of 11.93%.The business had revenue of $198.96 million for the quarter, compared to the consensus estimate of $195.03 million. During the same quarter in the prior year, the company earned $0.88 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. 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 Price Performance

Shares of ACLS stock opened at $163.03 on Friday. Axcelis Technologies has a 1-year low of $55.93 and a 1-year high of $171.61. The stock’s 50-day moving average is $105.37 and its 200 day moving average is $92.72. The company has a market cap of $5.01 billion, a P/E ratio of 50.79, a PEG ratio of 18.97 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.77 and a quick ratio of 3.11.

Analyst Ratings Changes

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

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, Director Jorge Titinger sold 1,000 shares of the stock in a transaction dated 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 sale, the director directly owned 6,477 shares in the company, valued at approximately $518,160. This trade represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell Low sold 7,468 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $156.75, for a total value of $1,170,609.00. Following the completion of the sale, the chief executive officer owned 123,570 shares of the company’s stock, valued at approximately $19,369,597.50. This trade represents a 5.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,956 shares of company stock valued at $1,540,361. 0.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. raised its stake in Axcelis Technologies by 7.5% in the fourth quarter. Vise Technologies Inc. now owns 2,937 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 204 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Axcelis Technologies by 21.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the semiconductor company’s stock valued at $95,000 after buying an additional 206 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Axcelis Technologies by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Axcelis Technologies by 0.6% in the fourth quarter. State of Wisconsin Investment Board now owns 50,506 shares of the semiconductor company’s stock valued at $4,058,000 after buying an additional 292 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Axcelis Technologies by 12.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,898 shares of the semiconductor company’s stock valued at $233,000 after buying an additional 313 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Axcelis Technologies

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

• Positive Sentiment: Axcelis posted Q1 non-GAAP EPS of $0.72, just ahead of estimates, and revenue of $199.0 million, also above expectations. Margins remained healthy, which supports the view that the business is still profitable even with modest sales growth. Axcelis Announces Financial Results for First Quarter 2026
• Positive Sentiment: Management raised Q2 2026 EPS guidance to about $0.90, above the Street’s roughly $0.78 estimate. That stronger outlook is likely the main catalyst supporting the stock today. Axcelis Q1 slide deck / press release
• Neutral Sentiment: The earnings call transcript and presentation are drawing attention as investors look for more detail on demand trends, mix, and margin drivers. So far, these materials appear to confirm the upbeat guidance rather than add a major new surprise. Axcelis Technologies, Inc. (ACLS) Q1 2026 Earnings Call Transcript
• Negative Sentiment: CEO Russell Low sold 7,468 shares in a pre-arranged Rule 10b5-1 transaction. The sale was planned, but insider selling can still slightly dampen sentiment. SEC Form 4 – Russell Low sale

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.