Axcelis (ACLS)
NASDAQ:ACLS
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.89Last Year’s EPS
1.13Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple operational and financial strengths — notably >30% YoY CS&I growth, strong memory shipments, a healthy backlog ($453M), solid margins and a robust cash position ($570M) — and provided improved near-term guidance (Q2 revenue ~$205M, EPS ~$0.90, gross margin ~43%). Key challenges include a one-time $5M customer settlement that reduced Q1 results, softness in the general mature market, moderated silicon carbide shipments, flat bookings, and merger timing risk tied to China regulatory approval. On balance the positive performance indicators, strong product momentum, and constructive guidance outweigh the reported headwinds and one-time impacts.Company Guidance
Quarterly Revenue and EPS Beat
Reported Q1 2026 revenue of $199 million and diluted EPS of $0.72, slightly above company expectations. Q1 included a one-time customer settlement that reduced results (see lowlights).
Strong CS&I Growth
CS&I revenue of $73 million grew more than 30% year-over-year, driven by service, consumables and system upgrades, and exceeded internal expectations.
Memory Shipment Momentum
System shipments to the memory market saw a strong sequential increase and reached the highest level since Q4 2023; company expects strong memory growth for full-year 2026 and momentum into 2027.
Stable Bookings and Backlog
Bookings were roughly flat sequentially at $128 million, marking the second consecutive quarter of firming order rates on a trailing-12-month basis; backlog exited the quarter at $453 million.
Geographic Revenue Strength in China and Korea
Revenue from China increased sequentially to 40% of total (up from 32% prior quarter); Korea represented 28% of total revenues driven by higher memory sales.
Healthy Margins and Profitability
Gross margin of 40.7% (slightly below outlook due to one-time item), operating margin of 11.7%, adjusted EBITDA of $27.7 million and adjusted EBITDA margin of 13.9%.
Strong Balance Sheet and Cash Position
Exited Q1 with $570 million in cash, cash equivalents and marketable securities (including $203 million long-term securities) and generated $16 million of free cash flow in the quarter (included $12 million of merger-related cash transaction expenses).
Product & Technical Wins
Introduced Purion H6 high-current product and secured a high-current win with a new customer in China; shipped an advanced-logic system early in Q2 for a 2-nanometer material modification application and continue engagement on next-generation roadmaps.
Improved Near-Term Guidance
Q2 2026 guidance: revenue approx. $205 million, gross margin ~43%, operating expenses ~$59 million, adjusted EBITDA ~$34 million, and EPS ~$0.90 — indicating sequential margin and EPS improvement.
Strategic Positioning and M&A Progress
Management reiterated expectation for Veeco merger to close in H2 2026; only outstanding approval is China regulatory clearance — company views combined entity as strategic growth opportunity.
ACLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ACLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $158.66 | $163.03 | +2.75% |
Feb 17, 2026 | $98.50 | $82.01 | -16.74% |
Nov 04, 2025 | $82.74 | $80.51 | -2.70% |
Aug 05, 2025 | $70.88 | $78.01 | +10.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Axcelis (ACLS) report earnings?
Axcelis (ACLS) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Axcelis (ACLS) earnings time?
Axcelis (ACLS) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACLS EPS forecast?
ACLS EPS forecast for the fiscal quarter 2026 (Q2) is 0.89.