ACLS Axcelis Technologies (ACLS) Q2 FY26 earnings call
Axcelis Technologies reported a strong Q2 FY26, surpassing revenue and EPS expectations, driven by robust operational execution and favorable demand trends across key markets. The company upgraded its full-year 2026 revenue growth outlook to mid-single digits and anticipates continued growth into 2027, fueled by memory investments and power market recovery. Progress continues on the pending merger with Veeco, expected to close in the second half of 2026.
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ACLS operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Bookings | $128MBookings were roughly flat on a sequential basis at $128 million but marked our second consecutive quarter of firming order rates.Source: earnings call transcript | $131MBookings were $131 million, slightly higher sequentially, continuing the trend of improving order activity with a book-to-bill ratio of approximately 1x.Source: earnings call transcript | +2.3% |
| Backlog | $453MWe exited the first quarter with a backlog of $453 million.Source: earnings call transcript | $452MWe exited the quarter with total backlog of $452 million.Source: earnings call transcript | -0.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.