📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	2.3K	$209K	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management repeatedly highlighted 'solid results,' 'exceeding our outlook' on revenue and EPS, and used phrases like 'executing very well' and 'strong profitability despite a cyclically soft demand environment.' Specific numerical guidance was provided for Q3 (revenue ~$200M, EPS ~$1.00) with no hedging.

Q3 2025

Mixed

Management expresses confidence in Q3 execution ('solid results', 'exceeding outlook') and excitement about the Veeco merger, but also uses cautious language like 'navigating the current cyclical digestion period' and acknowledges softer demand in power/general mature and expected declines in China and SiC revenue. They provide specific positive data points (record CS&I) while tempering expectations (Q4 SiC down slightly). Overall, a blend of optimism on specific fronts (memory, merger) and realism on headwinds.

Q4 2025

Confident Specific

Management used specific quantitative guidance (Q1 revenue $195M, gross margin ~41%, EPS $0.71) and detailed explanations for variances (CS&I pull-ins, pushouts, tariff impact). Tone was positive on Q4 beat and memory recovery but cautious on power/mature near-term.

Q1 2026 latest

Confident Specific

Management used phrases like 'executed well', 'especially pleased', 'encouraging signals', and provided specific numbers (CS&I +30% YoY, memory shipments highest since Q4 2023) while also cautioning that general mature and power remain down, flat YoY revenue expected. The tone is measured but upbeat on memory and CS&I.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is broadly unchanged but with slightly more conviction in memory and early SiC green shoots. The flat 2026 revenue guide is maintained, but the composition is shifting: memory is expected to be a strong growth driver, offsetting continued weakness in general mature and power. The main risk is that the recovery in SiC and general mature remains uncertain and may push the growth inflection to 2027. The pending Veeco merger adds strategic optionality but also integration risk. Key metrics to watch next quarter: memory order momentum, any uptick in SiC capital spending from customers, and progress on the merger closing timeline.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Axcelis Q1 2026: $199M revenue, $0.72 EPS, flat YoY outlook for 2026.

Revenue & Profitability

First quarter 2026 revenue was $199 million, including a $5 million customer settlement headwind. Gross margin was 40.7%, operating expenses $57.7 million, operating margin 11.7%, adjusted EBITDA $27.7 million (13.9% margin), and earnings per diluted share of $0.72. Free cash flow was $16 million, and cash, cash equivalents, and marketable securities totaled $570 million.

Outlook

Management expects full-year 2026 revenue to be approximately flat year-over-year, with a second-half weighting driven by improvement in silicon carbide and continued strength in memory. For Q2 2026, management guided revenue of $205 million, gross margin of 43%, and EPS of $0.90. They noted encouraging signs in silicon carbide and memory, but general mature and power markets remain in digestion.

Growth Drivers

Key growth drivers include strong memory market growth (especially DRAM and high-bandwidth memory for AI), which is expected to be a strong year and momentum into 2027. Silicon carbide demand is showing encouraging signals, with customer engagement on super junction technology and 200mm transition. CS&I grew over 30% year-over-year, driven by service, consumables, and system upgrades.

Balance Sheet & CapEx

Not discussed in this earnings call. The call mentioned $12 million in cash transaction expenses for the Veeco merger in Q1, but no specific CapEx guidance or capacity investment plans were provided.

Margins

First quarter gross margin was 40.7%, slightly below 41% guidance due to the customer settlement. For Q2, gross margin is expected to improve to 43% due to a more favorable mix and absence of non-recurring items. Full-year 2026 gross margins are expected to be in the low to mid 40% range, with quarterly variation based on mix. Operating expenses were $57.7 million in Q1 and are expected to be approximately $59 million in Q2 and $60 million per quarter for the balance of the year.

Key Risks

Key risks flagged include quarterly fluctuations in bookings and revenue, continued digestion in general mature and power markets, and dependency on memory and silicon carbide recovery. The pending merger with Veeco remains subject to regulatory approval from China's SAMR. Foreign exchange-related losses were noted as a factor impacting other income in Q1.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-06

Q2 2026 revenue and EPS exceeded expectations, driven by strong power, memory, and CS&I performance. Full-year 2026 revenue is now expected to grow mid-single digits year-over-year, with continued momentum into 2027 and a strong liquidity position.

Q1 2026 Q1 2026 2026-05-07

Q1 2026 revenue and EPS slightly exceeded expectations despite a one-time settlement. Memory and silicon carbide segments showed strong growth, while general mature remained soft but showed rising utilization. Full-year revenue is expected to be flat, with momentum building for 2027.

Q4 2025 Q4 2025 2026-02-17

Q4 and full-year 2025 results exceeded expectations, driven by strong CS&I aftermarket revenue and favorable mix, while memory demand—especially DRAM—showed sequential improvement. 2026 revenue is expected to be flat, with memory growth offsetting declines in power and general mature markets, and the Veeco merger progressing toward a second-half 2026 close.

Q3 2025 Q3 2025 2025-11-04

Q3 2025 revenue and non-GAAP EPS exceeded expectations, driven by record CS&I revenue and strong system sales. The pending Veeco merger aims to expand capabilities and market reach, while memory and silicon carbide segments show growth potential for 2026.

Q2 2025 Q2 2025 2025-08-05

Q2 2025 saw revenue and EPS exceed expectations, with strong gross margins and robust CSNI performance. Power segment, especially SiC in China, remained resilient, while memory and general mature segments were muted. Guidance points to stable revenue and margins in the second half.

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