Axcelis Technologies (NASDAQ:ACLS) Posts Quarterly Earnings Results, Beats Estimates By $0.37 EPS

Axcelis Technologies (NASDAQ:ACLS) issued its quarterly earnings data on Tuesday. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.37, FiscalAI reports. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The business had revenue of $238.33 million during the quarter, compared to analyst estimates of $215.04 million. During the same quarter last year, the business earned $1.54 EPS. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. Axcelis Technologies updated its Q1 2026 guidance to 0.710-0.710 EPS.

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

• Axcelis beat expectations in Q4 with $238 million revenue and $1.49 non‑GAAP EPS, driven by stronger CS&I aftermarket demand and a favorable mix; bookings improved sequentially and backlog exited the quarter at $457 million.
• The pending merger with Veeco is progressing—shareholders approved the deal and multiple regulatory clearances are in hand, with China approval still pending and management targeting a close in H2 2026 while conducting integration planning.
• Memory (DRAM/HBM) demand is accelerating from AI workloads; Axcelis secured a high‑current system order from a leading North American memory customer and expects memory strength to lift 2026 and accelerate further into 2027.
• Power and general mature markets showed near‑term moderation—SiC and silicon IGBT shipments softened as customers digest recent capacity, and the company expects slightly lower year‑over‑year revenue in these end markets despite long‑term secular tailwinds.
• Guidance is conservative near term—Q1 revenue ~$195 million, non‑GAAP gross margin ~41% and EPS ~$0.71; full‑year 2026 revenue is expected roughly flat to 2025 with H2 weighting and modest tariff headwinds.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $98.50 on Wednesday. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 23.29 and a beta of 1.77. Axcelis Technologies has a 52 week low of $40.40 and a 52 week high of $102.93. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $88.49 and a 200-day moving average of $85.66.

Insiders Place Their Bets

In other Axcelis Technologies news, EVP Gerald M. Blumenstock sold 3,034 shares of Axcelis Technologies stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $89.46, for a total value of $271,421.64. Following the completion of the sale, the executive vice president directly owned 18,661 shares of the company’s stock, valued at approximately $1,669,413.06. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jorge Titinger sold 2,000 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total transaction of $172,100.00. Following the transaction, the director directly owned 7,477 shares in the company, valued at $643,395.85. This trade represents a 21.10% decrease in their position. The SEC filing for this sale provides additional information. 0.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently added to or reduced their stakes in ACLS. Advisory Services Network LLC acquired a new position in Axcelis Technologies during the 3rd quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Axcelis Technologies by 145.1% during 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. Quadrant Capital Group LLC bought a new position in Axcelis Technologies during the 3rd quarter valued at $93,000. NewEdge Advisors LLC boosted its holdings in Axcelis Technologies by 5,705.6% during the 3rd quarter. NewEdge Advisors LLC now owns 1,045 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Axcelis Technologies by 21.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies News Summary

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

• Positive Sentiment: Q4 revenue and non‑GAAP EPS beat consensus; strong gross margins (≈47%) signal healthy pricing/GM despite lower volumes. Press Release
• Positive Sentiment: Company reported non‑GAAP diluted EPS of $1.49 which beat the Zacks consensus and underlying profitability on a non‑GAAP basis exceeded expectations. Zacks Article
• Neutral Sentiment: Full earnings materials and the conference call transcript are available for detail review — useful for judging backlog/comments on demand and OEM timing. Earnings Transcript
• Negative Sentiment: Management set soft Q1 2026 guidance — EPS ~$0.71 vs. street ~$0.90 and revenue ~$195M vs. ~$204M consensus — which spooked the market because it implies near‑term demand/headwind uncertainty. Investing.com
• Negative Sentiment: Underlying GAAP operating profit, net income and operating cash flow declined year‑over‑year (operating cash flow turned negative), adding concerns about near‑term free cash generation. QuiverQuant

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. B. Riley Financial upped their price target on shares of Axcelis Technologies from $84.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Bank of America boosted their price objective on shares of Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 13th. Zacks Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Finally, Wall Street Zen lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Axcelis Technologies has a consensus rating of “Hold” and an average price target of $102.25.

About Axcelis Technologies

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.