Axcelis Technologies (NASDAQ:ACLS) Posts Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Axcelis Technologies (NASDAQ:ACLS) announced its quarterly earnings data on Thursday. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15, FiscalAI reports. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The company had revenue of $237.78 million during the quarter, compared to analyst estimates of $230.08 million. During the same period in the previous year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Axcelis Technologies updated its Q4 2026 guidance to 1.500-1.500 EPS.

Here are the key takeaways from Axcelis Technologies’ conference call:

• Axcelis reported Q3 revenue of $238 million and diluted EPS of $1.26, both ahead of its expectations. CS&I revenue reached a quarterly record of $93 million.
• Gross margin was 41.2%, below the 43% outlook, mainly because the stronger Korean won increased costs; foreign-exchange gains in other income partly offset the impact.
• Bookings rose to $222 million, the highest since Q4 2023, with a 1.5 book-to-bill ratio and backlog reaching $531 million. Management described demand as broadening across power, memory and general mature markets, and expects all three to grow in 2027.
• For Q4, Axcelis forecast revenue of about $275 million and EPS of about $1.50, with growth primarily from power and general mature. It expects Q1 2027 revenue to be relatively consistent with Q4 despite seasonal CS&I softness.
• The pending Veeco merger is now expected to close by the end of Q1 2027, subject to regulatory clearance in China and a new HSR submission.

Axcelis Technologies Stock Performance

Shares of ACLS stock traded down $2.14 during mid-day trading on Thursday, reaching $90.00. 1,036,251 shares of the company’s stock traded hands, compared to its average volume of 595,521. Axcelis Technologies has a 12 month low of $73.60 and a 12 month high of $193.78. The firm has a 50 day moving average price of $116.69 and a two-hundred day moving average price of $122.67. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.21 and a current ratio of 4.90. The firm has a market capitalization of $2.78 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 2.97 and a beta of 1.88.

Analyst Ratings Changes

ACLS has been the topic of several recent analyst reports. Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research note on Friday, August 7th. Weiss Ratings upgraded Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $148.67.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.