Quarterly ResultMay 8, 2026, 12:26 PM
Axcelis Q1 Net Income $9.2M, down from $28.6M; EPS $0.30
AI Summary
Axcelis Technologies reported a significant decline in profitability for the first quarter of 2026, with net income falling to $9.2 million from $28.6 million in the prior year period, and diluted EPS dropping to $0.30 from $0.88. This occurred despite a slight increase in total revenue to $199.0 million, driven by growth in aftermarket services which offset a decrease in systems revenue. The company also saw a reduction in gross profit and operating cash flow compared to the same quarter last year.
Key Highlights
- Net income for Q1 2026 was $9.2 million, a significant decrease from $28.6 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.30, down from $0.88 in Q1 2025.
- Total revenue increased to $199.0 million in Q1 2026 from $192.6 million in Q1 2025.
- Gross profit decreased to $80.6 million in Q1 2026 from $88.8 million in Q1 2025.
- Aftermarket revenue rose to $72.6 million in Q1 2026 from $55.0 million in Q1 2025.
- Systems revenue declined to $126.3 million in Q1 2026 from $137.6 million in Q1 2025.
- Net cash provided by operating activities decreased to $18.1 million in Q1 2026 from $39.8 million in Q1 2025.
Price Impact
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