AXCELIS TECHNOLOGIES INC

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.

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.

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.