Quarterly ResultMay 7, 2026, 04:24 PM
Axcelis Q1 Revenue $199.0M; GAAP EPS $0.30; Q2 Revenue Guidance $205M
AI Summary
Axcelis Technologies reported Q1 2026 financial results, with revenue increasing to $199.0 million, slightly above expectations. However, GAAP diluted EPS fell significantly to $0.30, primarily due to higher transaction and integration costs related to the pending merger with Veeco. The company saw strong demand in DRAM and HBM, offsetting digestion in Power and General Mature markets, and expects 2026 revenue to be relatively flat year-over-year. For Q2 2026, Axcelis forecasts revenue of approximately $205 million and non-GAAP diluted EPS of $0.90.
Key Highlights
- Q1 2026 revenue was $199.0 million, a 3.3% increase from $192.6 million in Q1 2025.
- Q1 2026 GAAP diluted earnings per share was $0.30, down from $0.88 in Q1 2025.
- Q1 2026 Non-GAAP diluted earnings per share was $0.72, down from $1.06 in Q1 2025.
- Q1 2026 GAAP net income was $9.2 million, a 67.8% decrease from $28.6 million in Q1 2025.
- The company ended Q1 2026 with approximately $570 million in cash and investments.
- Q2 2026 revenue is projected to be approximately $205 million.
- Q2 2026 non-GAAP diluted EPS is projected to be approximately $0.90.
- Axcelis anticipates 2026 revenue to be relatively flat compared to 2025.