| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 213.61 | 9.8% | 16.7% |
| Total Income | 213.61 | 9.8% | 16.7% |
| Expenditure | 188.59 | 13.9% | 10.1% |
| PBT | 30.15 | 13.9% | 45.5% |
| Net Profit | 25.99 | 17.2% | 46.5% |
| OPM | 11.71% | 3.18pp | 6.57pp |
| NPM | 12.16% | 3.96pp | 6.77pp |
| EPS | 0.83 | 16.2% | 44.3% |
Axcelis Announces Q3 2025 Financial Results: Revenue $213.6 Million
04 May 2026 · 4 May, 8:10 am
Summary
Axcelis Technologies announced its financial results for the third quarter ended September 30, 2025. The company reported revenue of $213.6 million. GAAP diluted earnings per share were $0.83, and non-GAAP diluted earnings per share were $1.21. For the fourth quarter ending December 31, 2025, Axcelis expects revenues of approximately $215 million and GAAP earnings per diluted share of approximately $0.76. The company also announced a merger with Veeco Instruments, expected to position the combined company to capitalize on secular tailwinds.
Key Highlights
- 1
Axcelis Technologies reported revenue of $213.6 million for the third quarter of 2025.
- 2
The company's GAAP gross margin was 41.6%, while the non-GAAP gross margin was 41.8%.
- 3
GAAP operating margin was 11.7%, and the non-GAAP operating margin reached 18.2%.
- 4
GAAP diluted earnings per share were $0.83, and non-GAAP diluted earnings per share were $1.21.
- 5
The company reported record CS&I revenue in the quarter, reflecting the success of its aftermarket strategy.
- 6
Axcelis expects revenues of approximately $215 million for the fourth quarter ending December 31, 2025.
- 7
Axcelis anticipates GAAP earnings per diluted share of approximately $0.76 for Q4 2025.
Management Comments
Russell Low
We delivered another solid quarter, with sales and earnings both exceeding our expectations. We are also pleased to report record CS&I revenue in the quarter, reflecting the success of our aftermarket strategy and the continued expansion of our installed base. We are executing on our product development roadmap and customer engagement initiatives with focus and urgency, while maintaining disciplined cost controls. These actions have enabled us to successfully navigate the anticipated cyclical digestion period across our markets in 2025. We entered the fourth quarter with a solid financial foundation and are well poised to execute on our strategy as we enter into our next chapter of growth and innovation. Our recently announced merger with Veeco Instruments marks a critical milestone that we believe will position the combined company to capitalize on powerful secular tailwinds including AI and electrification. By bringing our two companies together, we believe we are building a leading semiconductor equipment company with the capabilities, resources and financial foundation to drive sustainable growth and value creation for shareholders and deliver meaningful benefits to all stakeholders.
Jamie Coogan
We generated robust operating leverage through higher volume and disciplined cost management, translating into strong free cash flow. With over $590 million in cash and investments on the balance sheet, Axcelis has ample flexibility to capitalize on our value-enhancing strategic initiatives and long-term growth priorities.
Informational and educational content only. Not investment advice.