Quarterly ResultAug 6, 2026, 08:49 AM
Axcelis Q2 Revenue $215.2M, GAAP EPS $0.75; Veeco Merger on Track
AI Summary
Axcelis Technologies reported Q2 2026 financial results, with revenue increasing to $215.2 million, exceeding forecasts. However, GAAP diluted EPS decreased to $0.75 and Non-GAAP diluted EPS to $1.06 compared to the prior year. The company provided Q3 2026 guidance, expecting revenues of approximately $230 million and non-GAAP diluted EPS of $1.11. Management highlighted strong demand in the Memory and Power markets and confirmed the pending merger with Veeco Instruments is on track to close in the second half of 2026.
Key Highlights
- Pending merger with Veeco Instruments expected to close in H2 2026.
- Q2 2026 revenue was $215.2 million, up from $194.5 million in Q2 2025.
- Q2 2026 GAAP diluted EPS was $0.75, compared to $0.98 in Q2 2025.
- Q2 2026 Non-GAAP diluted EPS was $1.06, compared to $1.13 in Q2 2025.
- Q3 2026 revenue guidance is approximately $230 million.
- Q3 2026 non-GAAP diluted EPS guidance is approximately $1.11.
- Company expects year-over-year revenue growth in 2026, with momentum continuing into 2027.
- Strong demand in Memory market and positive momentum in Power market noted.
Price Impact
More from ACLS