Jun 2026 (Q2 FY26) — Aug 6, 2026
Axcelis Technologies Q2 FY26 — Strong Execution and Upgraded Full-Year Outlook
Read the full callAxcelis Technologies (ACLS) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Axcelis Technologies earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 215 | +10.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 9.4 | −5.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 23.3 | −25.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
34 of 47 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA | approximately $34 million | Mar 2026 | Second quarter adjusted EBITDA was $36 million, and adjusted EBITDA margin was 16.7%. | Achieved |
| Gross Margin | approximately 43% | Mar 2026 | Gross margin was 42.7%, slightly below our outlook of 43%, primarily due to mix within our CS&I business as well as higher-than-anticipated services costs, which can fluctuate from period to period. | Missed |
| Revenue | relatively flat compared to 2025 levels | Dec 2025 | As a result, we now anticipate full year 2026 revenue growth of approximately mid-single digits year-over-year compared to our prior expectation of flat revenue. | Revised Up |
13 of AXCELIS TECHNOLOGIES INC's 72 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 69 more targets are in the full ledger.
Claimed
- Q2 FY26 revenue of $215 million exceeded expectations.
- Q2 FY26 earnings per diluted share of $1.06 exceeded expectations.
- CS&I business delivered a strong quarter, driving overall performance.
- Bookings grew slightly, and book-to-bill neared 1 over the past 3 quarters, indicating market stability.
- Full-year 2026 revenue growth now expected to be mid-single digits year-over-year, upgraded from prior flat outlook.
Qualified
- Q2 FY26 gross margin of 42.7% was slightly below the outlook of 43% due to mix and higher service costs.
- Q2 FY26 operating expenses of $60 million were slightly above the outlook of $59 million due to higher variable compensation and fringe costs.
Price
$111.21 +2.64% · +$2.86
Performance +34.2% 1Y
1Y: $82.88 on 17 Oct 2025 → $111.21. High $191.6 (15 Jun 2026), low $74.12 (20 Nov 2025).
- Previous close
- $108.35
- 52-week range
- $74.12 – $191.6
- One year
- +32.58%
Overview
- Symbol
- ACLS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
34 of 47 judged targets kept · 25 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted EBITDA | approximately $34 million | Mar 2026 | Second quarter adjusted EBITDA was $36 million, and adjusted EBITDA margin was 16.7%. | Achieved |
| Gross Margin | approximately 43% | Mar 2026 | Gross margin was 42.7%, slightly below our outlook of 43%, primarily due to mix within our CS&I business as well as higher-than-anticipated services costs, which can fluctuate from period to period. | Missed |
| Revenue | relatively flat compared to 2025 levels | Dec 2025 | As a result, we now anticipate full year 2026 revenue growth of approximately mid-single digits year-over-year compared to our prior expectation of flat revenue. | Revised Up |
Claimed
- Q2 FY26 revenue of $215 million exceeded expectations.
- Q2 FY26 earnings per diluted share of $1.06 exceeded expectations.
- CS&I business delivered a strong quarter, driving overall performance.
- Bookings grew slightly, and book-to-bill neared 1 over the past 3 quarters, indicating market stability.
- Full-year 2026 revenue growth now expected to be mid-single digits year-over-year, upgraded from prior flat outlook.
Qualified
- Q2 FY26 gross margin of 42.7% was slightly below the outlook of 43% due to mix and higher service costs.
- Q2 FY26 operating expenses of $60 million were slightly above the outlook of $59 million due to higher variable compensation and fringe costs.
The full ledger
Open AXCELIS TECHNOLOGIES INC’s full ledger
A free account opens 5 company ledgers a month. All 72 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Axcelis Technologies Q1 FY26 — Strong Memory Demand and CS&I Growth
Read the full callEvery analysed call
Axcelis Technologies earnings calls (ACLS)
Financials
What the filings say
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 257 | 252 | 193 | 195 | 214 | 238 | 199 | 215 |
| Operating profit | 47 | 55 | 29 | 29 | 25 | 36 | 8 | 20 |
| Operating margin | 18.3% | 21.6% | 15.1% | 14.9% | 11.7% | 15.2% | 4.0% | 9.4% |
| Other income | 8 | 4 | 4 | 6 | 5 | 4 | 3 | 5 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 55 | 59 | 33 | 35 | 30 | 40 | 11 | 25 |
| Tax rate | 12.3% | 14.8% | 13.6% | 10.3% | 13.8% | 14.3% | 13.3% | 8.1% |
| Net profit | 49 | 50 | 29 | 31 | 26 | 34 | 9 | 23 |
| EPS ($ per share) | 1.49 | — | 0.89 | 0.99 | 0.83 | — | 0.30 | 0.76 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -157 | -140 | -92 | -23 | 119 | 320 | 470 | 504 |
| Total liabilities | 140 | 129 | 143 | 214 | 346 | 417 | 336 | 327 |
| Fixed assets | 41 | 25 | 30 | 35 | 40 | 54 | 54 | 56 |
| Investments | — | — | — | — | 247 | 339 | 448 | 229 |
| Total assets | 548 | 548 | 625 | 753 | 1,014 | 1,282 | 1,349 | 1,361 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 47 | -14 | 70 | 150 | 216 | 157 | 141 | 118 |
| Cash from investing | -5 | -12 | -7 | -9 | -257 | -101 | -109 | 30 |
| Cash from financing | 1 | -13 | -2 | -52 | -65 | -68 | -71 | -124 |
| Net cash flow | 44 | -38 | 58 | 91 | -109 | -12 | -43 | 25 |
| Capital expenditure | -5 | -12 | -7 | -9 | -11 | -21 | -12 | -11 |
| Free cash flow | 42 | -26 | 62 | 141 | 205 | 136 | 129 | 107 |
ACLS revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Single Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +10.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ACLS operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | 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.
Revenue by region
Q2 FY2026 · share of revenue
- Asia Pacific 83% ↑ 4 pt
- Europe 11% ↑ 3 pt
- North America 6% ↓ 7 pt
As ACLS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
85 filings between Dec 11, 2025 and Sep 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$6.42M
23 sales by 13 insiders
17% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 22
- Award — granted as compensation
- 40
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Low Russell | — | $1.57M | May 6, 2026 |
| Sutton Todd | — | $741.8K | May 27, 2026 |
| Blumenstock Gerald M | — | $613.5K | May 21, 2026 |
| Titinger Jorge | — | $580.4K | May 13, 2026 |
| Mahoney Robert John | — | $542.8K | Jun 2, 2026 |
| KURTZWEIL JOHN T | — | $485.8K | May 19, 2026 |
| Redinbo Greg | — | $463.7K | May 13, 2026 |
| GRAVES GREGORY B | — | $456.7K | May 19, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Redinbo Greg EVP and Chief Strategy Officer | Tax withheld | 208 | $21.8K |
| Sep 15, 2026 | Tatnall Christopher EVP Global Customer Operations | Tax withheld | 136 | $14.3K |
| Jul 15, 2026 | Ryzhik David SVP Interim CFO | Tax withheld | 94 | $13.6K |
| Jul 15, 2026 | Ryzhik David SVP Interim CFO | Tax withheld | 127 | $18.4K |
| Jun 16, 2026 | Ryzhik David SVP Interim CFO | Tax withheld | 76 | $13.4K |
| Jun 15, 2026 | Blumenstock Gerald M EVP, Research, Dev. & Eng. | Tax withheld | 506 | $96.9K |
| Jun 3, 2026 | Sayiner Necip Director | Sale | 1,586 | $249.7K |
| Jun 2, 2026 | Mahoney Robert John EVP Global Operations | Sale | 1,155 | $179.3K |
| May 27, 2026 | Sutton Todd VP Corporate Controller | Sale | 2,000 | $320.0K |
| May 22, 2026 | St Dennis Thomas Director | Sale | 900 | $139.8K |
| May 22, 2026 | Evans Eileen EVP, General Counsel and Sec'y | Sale | 926 | $144.0K |
| May 21, 2026 | Blumenstock Gerald M EVP, Research, Dev. & Eng. | Sale | 1,161 | $177.3K |
| May 20, 2026 | Tatnall Christopher EVP Global Customer Operations | Sale | 1,166 | $174.6K |
| May 19, 2026 | GRAVES GREGORY B Director | Sale | 600 | $85.5K |
| May 19, 2026 | GRAVES GREGORY B Director | Sale | 2,625 | $371.2K |
| May 19, 2026 | Quirk Jeanne Director | Sale | 1,789 | $250.9K |
| May 19, 2026 | KURTZWEIL JOHN T Director | Sale | 3,500 | $485.8K |
| May 18, 2026 | Low Russell PRESIDENT AND CEO | Tax withheld | 711 | $104.0K |
| May 18, 2026 | Sutton Todd VP Corporate Controller | Tax withheld | 184 | $26.9K |
| May 18, 2026 | Mahoney Robert John EVP Global Operations | Tax withheld | 130 | $19.0K |
| May 18, 2026 | Mahoney Robert John EVP Global Operations | Tax withheld | 182 | $26.6K |
| May 18, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Tax withheld | 111 | $16.2K |
| May 18, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Tax withheld | 79 | $11.6K |
| May 15, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Award | 3,115 | $0 |
| May 15, 2026 | Evans Eileen EVP, General Counsel and Sec'y | Tax withheld | 867 | $134.5K |
| May 15, 2026 | Evans Eileen EVP, General Counsel and Sec'y | Award | 3,893 | $0 |
| May 15, 2026 | Evans Eileen EVP, General Counsel and Sec'y | Award | 3,893 | $0 |
| May 15, 2026 | Low Russell PRESIDENT AND CEO | Tax withheld | 1,453 | $225.5K |
| May 15, 2026 | Ryzhik David SVP Interim CFO | Award | 3,115 | $0 |
| May 15, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Award | 3,115 | $0 |
| May 15, 2026 | Mahoney Robert John EVP Global Operations | Tax withheld | 61 | $9.5K |
| May 15, 2026 | Mahoney Robert John EVP Global Operations | Tax withheld | 170 | $26.4K |
| May 15, 2026 | Low Russell PRESIDENT AND CEO | Tax withheld | 1,722 | $267.2K |
| May 15, 2026 | Low Russell PRESIDENT AND CEO | Tax withheld | 3,716 | $576.6K |
| May 15, 2026 | Mahoney Robert John EVP Global Operations | Tax withheld | 372 | $57.7K |
| May 15, 2026 | Mahoney Robert John EVP Global Operations | Award | 1,947 | $0 |
| May 15, 2026 | Mahoney Robert John EVP Global Operations | Award | 1,947 | $0 |
| May 15, 2026 | Tatnall Christopher EVP Global Customer Operations | Tax withheld | 345 | $53.5K |
| May 15, 2026 | Tatnall Christopher EVP Global Customer Operations | Tax withheld | 744 | $115.5K |
| May 15, 2026 | Tatnall Christopher EVP Global Customer Operations | Award | 3,504 | $0 |
| May 15, 2026 | Tatnall Christopher EVP Global Customer Operations | Award | 3,504 | $0 |
| May 15, 2026 | Tatnall Christopher EVP Global Customer Operations | Tax withheld | 170 | $26.4K |
| May 15, 2026 | Blumenstock Gerald M EVP, Research, Dev. & Eng. | Tax withheld | 345 | $53.5K |
| May 15, 2026 | Blumenstock Gerald M EVP, Research, Dev. & Eng. | Tax withheld | 744 | $115.5K |
| May 15, 2026 | Blumenstock Gerald M EVP, Research, Dev. & Eng. | Award | 2,725 | $0 |
| May 15, 2026 | Mahoney Robert John EVP Global Operations | Tax withheld | 173 | $26.8K |
| May 15, 2026 | Blumenstock Gerald M EVP, Research, Dev. & Eng. | Award | 2,725 | $0 |
| May 15, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Tax withheld | 177 | $27.5K |
| May 15, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Tax withheld | 210 | $32.6K |
| May 15, 2026 | Redinbo Greg EVP MARKETING AND APPLICATIONS | Tax withheld | 452 | $70.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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