Axcelis Technologies (NASDAQ:ACLS) Releases Quarterly Earnings Results

Axcelis Technologies (NASDAQ:ACLS) released its quarterly earnings results on Tuesday. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.37, FiscalAI reports. Axcelis Technologies had a return on equity of 13.76% and a net margin of 14.33%.The company had revenue of $238.33 million for the quarter, compared to analyst estimates of $215.04 million. During the same quarter last year, the firm posted $1.54 earnings per share. Axcelis Technologies’s revenue was down 5.6% compared to the same quarter last year. Axcelis Technologies updated its Q1 2026 guidance to 0.710-0.710 EPS.

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

• Axcelis beat expectations in Q4 with $238 million revenue and $1.49 non‑GAAP EPS, driven by stronger CS&I aftermarket demand and a favorable mix; bookings improved sequentially and backlog exited the quarter at $457 million.
• The pending merger with Veeco is progressing—shareholders approved the deal and multiple regulatory clearances are in hand, with China approval still pending and management targeting a close in H2 2026 while conducting integration planning.
• Memory (DRAM/HBM) demand is accelerating from AI workloads; Axcelis secured a high‑current system order from a leading North American memory customer and expects memory strength to lift 2026 and accelerate further into 2027.
• Power and general mature markets showed near‑term moderation—SiC and silicon IGBT shipments softened as customers digest recent capacity, and the company expects slightly lower year‑over‑year revenue in these end markets despite long‑term secular tailwinds.
• Guidance is conservative near term—Q1 revenue ~$195 million, non‑GAAP gross margin ~41% and EPS ~$0.71; full‑year 2026 revenue is expected roughly flat to 2025 with H2 weighting and modest tariff headwinds.

Axcelis Technologies Trading Down 16.7%

Shares of NASDAQ:ACLS opened at $82.01 on Thursday. The company’s 50-day moving average price is $88.32 and its two-hundred day moving average price is $85.64. Axcelis Technologies has a one year low of $40.40 and a one year high of $102.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.95 and a quick ratio of 3.32. The stock has a market capitalization of $2.52 billion, a PE ratio of 21.64 and a beta of 1.77.

Analyst Upgrades and Downgrades

Several analysts have commented on ACLS shares. Wall Street Zen downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. B. Riley Financial dropped their price objective on shares of Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating on the stock in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Bank of America increased their target price on Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a report on Tuesday, January 13th. Finally, Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Axcelis Technologies presently has a consensus rating of “Hold” and a consensus target price of $101.50.

Insider Transactions at Axcelis Technologies

In related news, EVP Gerald M. Blumenstock sold 3,034 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the transaction, the executive vice president directly owned 18,661 shares of the company’s stock, valued at approximately $1,669,413.06. This represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jorge Titinger sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total value of $172,100.00. Following the transaction, the director directly owned 7,477 shares in the company, valued at $643,395.85. This trade represents a 21.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.48% of the stock is currently owned by insiders.

Institutional Trading of Axcelis Technologies

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 267 shares during the last quarter. Advisory Services Network LLC bought a new stake in Axcelis Technologies in the third quarter valued at approximately $32,000. Quadrant Capital Group LLC acquired a new stake in shares of Axcelis Technologies in the third quarter valued at approximately $93,000. Ameriflex Group Inc. bought a new position in shares of Axcelis Technologies during the 4th quarter worth approximately $95,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Axcelis Technologies by 21.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 206 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.