Axcelis Technologies (NASDAQ:ACLS) Updates Q2 2026 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.900- for the period, compared to the consensus earnings per share estimate of 0.780. The company issued revenue guidance of $205.0M-, compared to the consensus revenue estimate of $203.6 million.

Axcelis Technologies Trading Down 7.2%

Shares of NASDAQ:ACLS traded down $12.34 on Thursday, reaching $158.66. 1,418,723 shares of the company traded hands, compared to its average volume of 797,625. The business’s 50-day simple moving average is $103.83 and its 200 day simple moving average is $92.19. Axcelis Technologies has a 52 week low of $55.93 and a 52 week high of $171.61. The stock has a market capitalization of $4.88 billion, a P/E ratio of 41.86, a price-to-earnings-growth ratio of 16.70 and a beta of 1.93. The company has a current ratio of 4.77, a quick ratio of 3.11 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities analysts anticipate that Axcelis Technologies will post 2.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ACLS shares. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Bank of America upped their price target on Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research report on Tuesday, January 13th. Weiss Ratings raised Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Finally, B. Riley Financial raised Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and a consensus target price of $116.25.

Insider Activity at Axcelis Technologies

In other news, CEO Russell Low sold 7,468 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $156.75, for a total transaction of $1,170,609.00. Following the completion of the transaction, the chief executive officer directly owned 123,570 shares in the company, valued at approximately $19,369,597.50. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 1,000 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the director owned 6,477 shares of the company’s stock, valued at $518,160. The trade was a 13.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,956 shares of company stock valued at $1,540,361 over the last quarter. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently made changes to their positions in ACLS. Victory Capital Management Inc. lifted its holdings in shares of Axcelis Technologies by 85.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock valued at $145,207,000 after purchasing an additional 835,242 shares during the last quarter. Invesco Ltd. raised its holdings in Axcelis Technologies by 176.6% in the 3rd quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after acquiring an additional 246,939 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Axcelis Technologies by 10,368.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock worth $19,563,000 after acquiring an additional 241,177 shares during the last quarter. Millennium Management LLC raised its holdings in Axcelis Technologies by 143.8% in the 3rd quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock worth $25,560,000 after acquiring an additional 154,381 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Axcelis Technologies by 27.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 629,814 shares of the semiconductor company’s stock worth $50,599,000 after acquiring an additional 135,039 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.