Axcelis Technologies (NASDAQ:ACLS) Issues Earnings Results

Axcelis Technologies (NASDAQ:ACLS) issued 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 13.73% and a net margin of 14.33%.The firm had revenue of $198.96 million for the quarter, compared to analyst estimates of $195.03 million. During the same period last year, the company earned $0.88 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. 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 Trading Up 2.8%

Shares of NASDAQ ACLS traded up $4.37 during midday trading on Friday, hitting $163.03. The stock had a trading volume of 1,033,304 shares, compared to its average volume of 798,595. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 43.02, a PEG ratio of 20.44 and a beta of 1.93. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 1-year low of $55.93 and a 1-year high of $171.61. The company has a fifty day moving average price of $105.37 and a 200 day moving average price of $92.72.

Insider Activity

In related news, CEO Russell Low sold 7,468 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $156.75, for a total transaction of $1,170,609.00. Following the sale, the chief executive officer directly owned 123,570 shares in the company, valued at approximately $19,369,597.50. This trade represents a 5.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the director owned 6,477 shares in the company, valued at approximately $518,160. The trade was a 13.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 10,956 shares of company stock worth $1,540,361. Company insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds have recently modified their holdings of ACLS. Royal Bank of Canada raised its holdings in shares of Axcelis Technologies by 3.8% during the 1st quarter. Royal Bank of Canada now owns 117,566 shares of the semiconductor company’s stock valued at $5,838,000 after buying an additional 4,324 shares during the period. AQR Capital Management LLC raised its holdings in shares of Axcelis Technologies by 4.9% during the 1st quarter. AQR Capital Management LLC now owns 35,717 shares of the semiconductor company’s stock valued at $1,774,000 after buying an additional 1,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Axcelis Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,396 shares of the semiconductor company’s stock valued at $963,000 after buying an additional 849 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Axcelis Technologies by 7.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after buying an additional 44,275 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Axcelis Technologies by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,756 shares of the semiconductor company’s stock worth $3,912,000 after purchasing an additional 836 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ACLS. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Bank of America raised their price target on Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 13th. 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 note on Monday, April 20th. Finally, Weiss Ratings raised Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Axcelis Technologies currently has an average rating of “Hold” and a consensus price target of $116.25.

Axcelis Technologies News Roundup

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

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.