Axcelis Technologies Reports Strong Q2 2026 Performance and Raises 2026 Outlook
Axcelis Technologies, Inc. (Nasdaq: ACLS) announced its financial results for the second quarter ended June 30 2026. The company reported revenue of $215.2 million, up from $194.5 million in the same period a year earlier. Gross margin stood at 42.4 % (GAAP) and 42.7 % (non‑GAAP). Operating margin was 9.4 % (GAAP) and 14.7 % (non‑GAAP).
Net income for the quarter was $23.3 million, translating to a diluted earnings per share (EPS) of $0.75 (GAAP) and $1.06 (non‑GAAP). Adjusted EBITDA reached $35.97 million.
The company’s management highlighted stronger system shipments and higher CS&I volume as the drivers behind the better‑than‑forecast results. CEO Russell Low noted that demand in the Memory market remained robust and that momentum in the Power market was improving. He also emphasized encouraging engagement and utilization trends in the General Mature segment, driven by growing end‑demand in data center, industrial, and automotive customers.
Axcelis reaffirmed its expectation of year‑over‑year revenue growth for 2026 and indicated that the positive momentum is expected to carry through into 2027. The company is also advancing its pending merger with Veeco, aiming for closure in the second half of 2026.
For the upcoming third quarter (ending September 30 2026), Axcelis projects revenues of approximately $230 million and GAAP diluted EPS of about $0.76. Non‑GAAP diluted EPS is expected to be around $1.11, according to the company’s third‑quarter outlook.
Axcelis’s market capitalization stands at $4.03 billion, with a current share price of $136.67 (as of 2026‑08‑04). The company trades in USD on the Nasdaq exchange and has a 52‑week high of $193.78 and a low of $73.60. Its price‑earnings ratio is 40.65.
The company will host a conference call on August 6 at 8:30 a.m. ET to discuss the Q2 results. The call will be webcast and recordings will be available for 30 days.
Sources: Seeking Alpha, Investing.com, de.investing.com, PRNewswire
