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Axcelis Technologies (ACLS)
NASDAQ:ACLS
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.71Last Year’s EPS
1.04Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple operational and financial positives: Q4 results and EPS materially beat expectations, CS&I aftermarket growth (14% YoY) and product launches (Purion H6) strengthened the company's positioning, margins expanded year-over-year and the company generated strong full-year free cash flow ($107M) while returning capital via ~$121M in buybacks. Near-term headwinds include an anticipated sequential revenue decline in Q1 (~18% QoQ), margin pressure from mix and tariffs, digestion of SiC and NAND demand, and China revenue normalization after heavy prior investments. Management expects 2026 revenue to be roughly flat versus 2025 with memory growth offsetting softness in power/general mature and anticipates stronger memory-driven recovery into 2027. Overall, the positive financial execution, margin expansion, cash generation, backlog and product momentum outweigh the near-term cyclical and mix challenges.Company Guidance
Q4 Revenue and EPS Beat
Reported Q4 revenue of $238 million and non-GAAP diluted EPS of $1.49 (GAAP EPS $1.10), both above company outlooks (non-GAAP EPS beat vs $1.12 outlook; GAAP EPS beat vs $0.76).
Record CS&I Aftermarket Growth
CS&I (service, upgrades & installs) revenue reached a Q4 record of $82 million and grew 14% year-over-year for full year 2025, driven by upgrades and services and favorable mix that boosted gross margins.
Strong Profitability & Margins
Q4 GAAP gross margin was 47.0% and non-GAAP gross margin was 47.3% (vs outlook 43%), adjusted EBITDA of $55 million (22.9% margin) in Q4. Full year non-GAAP gross margin improved 30 basis points year-over-year to 45.2% and adjusted EBITDA for 2025 was $177 million (21.1% margin).
Robust Free Cash Flow & Balance Sheet
Generated $107 million of free cash flow for FY2025, exited Q4 with $557 million of cash, cash equivalents and marketable securities (including $182 million long-term securities), and repurchased ~$121 million of shares in 2025 (including ~$25 million in Q4) with $110 million remaining authorization.
Bookings, Backlog and Memory Momentum
Bookings improved sequentially to $128 million in Q4 and backlog stood at $457 million. Management highlighted sequential improvement in DRAM/HBM demand, a new high-current system order from a leading North American memory manufacturer, and expectations that DRAM-driven memory demand will grow into 2026 and accelerate into 2027.
Product Innovation and High-Current Shipment Strength
Introduced the Purion H6 next-generation high-current ion implanter and saw the strongest quarter of high-current shipments in two years. Continued traction for Purion Power Series+ upgrades (e.g., 150mm→200mm customer conversions) and double-digit growth in CS&I aftermarket business.
Progress on Veeco Merger
Shareholders of both companies approved the transaction; regulatory clearances obtained in several jurisdictions and active engagement with China regulators. Management expects closing in the second half of 2026 and is progressing integration planning.
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 |
|---|---|---|---|
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% |
May 06, 2025 | $52.09 | $54.69 | +4.99% |
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 Technologies (ACLS) report earnings?
Axcelis Technologies (ACLS) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Axcelis Technologies (ACLS) earnings time?
Axcelis Technologies (ACLS) earnings time is at May 06, 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 (Q1) is 0.71.