Track market-moving stories before they get noisy

On July 24, 2026, Axcelis Technologies Inc (ACLS) shares fell 5.2% to $134.10. The stock has traded within a 52-week range of $65.64 to $193.78, reflecting sign

, /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry will release financial results for the second quarter of 2026 before the opening of the market on Thursday, August 6, 2026.

The Company will host a call the same day to discuss the results at 8:30 a.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by registering as a participant here: https://register-conf.media-server.com/register/BIf61211144e3b4baeb4c13ba3b1f529fa Webcast replays will be available for 30 days following the call.

About Axcelis:

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
Telephone: (978) 787-2352
Email: [email protected]

Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

SOURCE Axcelis Technologies, Inc.

In the latest close session, Axcelis Technologies (ACLS - Free Report) was up +1.95% at $145.01. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.

Shares of the semiconductor services company have depreciated by 19.57% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.53%, and the S&P 500's gain of 1.61%.

Market participants will be closely following the financial results of Axcelis Technologies in its upcoming release. It is anticipated that the company will report an EPS of $0.9, marking a 20.35% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $205.1 million, indicating a 5.43% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.82 per share and revenue of $845.4 million. These totals would mark changes of -21.72% and +0.76%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Axcelis Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Axcelis Technologies boasts a Zacks Rank of #3 (Hold).

From a valuation perspective, Axcelis Technologies is currently exchanging hands at a Forward P/E ratio of 37.27. This expresses a discount compared to the average Forward P/E of 39.73 of its industry.

We can also see that ACLS currently has a PEG ratio of 8.47. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Machinery was holding an average PEG ratio of 4.84 at yesterday's closing price.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 29, finds itself in the top 12% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ACLS in the coming trading sessions, be sure to utilize Zacks.com.

In the latest close session, Axcelis Technologies (ACLS - Free Report) was down 4.13% at $173.23. The stock's performance was behind the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.

Coming into today, shares of the semiconductor services company had gained 16.17% in the past month. In that same time, the Computer and Technology sector lost 2.81%, while the S&P 500 lost 1.42%.

Investors will be eagerly watching for the performance of Axcelis Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.9, showcasing a 20.35% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $205.1 million, showing a 5.43% escalation compared to the year-ago quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.82 per share and a revenue of $845.4 million, indicating changes of -21.72% and +0.76%, respectively, from the former year.

Investors might also notice recent changes to analyst estimates for Axcelis Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Axcelis Technologies is currently a Zacks Rank #3 (Hold).

In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 47.35. This signifies a discount in comparison to the average Forward P/E of 48.2 for its industry.

We can also see that ACLS currently has a PEG ratio of 10.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Machinery industry had an average PEG ratio of 6.08 as trading concluded yesterday.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 3, positioning it in the top 2% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Axcelis Technologies (ACLS - Free Report) closed the most recent trading day at $176.85, moving -7.7% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.57%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq depreciated by 1.15%.

The semiconductor services company's shares have seen an increase of 31.02% over the last month, surpassing the Computer and Technology sector's gain of 2.85% and the S&P 500's gain of 2.14%.

The investment community will be paying close attention to the earnings performance of Axcelis Technologies in its upcoming release. The company's earnings per share (EPS) are projected to be $0.9, reflecting a 20.35% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $205.1 million, reflecting a 5.43% rise from the equivalent quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.82 per share and revenue of $845.4 million. These totals would mark changes of -21.72% and +0.76%, respectively, from last year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Axcelis Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Axcelis Technologies is currently a Zacks Rank #3 (Hold).

With respect to valuation, Axcelis Technologies is currently being traded at a Forward P/E ratio of 50.2. This valuation marks a discount compared to its industry average Forward P/E of 50.27.

We can also see that ACLS currently has a PEG ratio of 11.41. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Machinery was holding an average PEG ratio of 6.37 at yesterday's closing price.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 4, this industry ranks in the top 2% of all industries, numbering over 250.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

President and CEO Russell Low will Present Keynote Speech at CS Asia

, /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today that it will be the Diamond Sponsor for the Compound Semiconductor Asia Conference (CS Asia) 2026, held in conjunction with SEMICON China 2026 on March 24-27, 2026, at the Kerry Hotel in Pudong, Shanghai.

Axcelis' President and CEO, Russell Low, PhD, will present an opening Keynote Speech at the event. Hongchen Zhao, PhD, Axcelis' Worldwide Applications Director, will present in Session 2: SiC, GaN and Related WBG Materials, Equipment and Devices-1.

Advancing Power and Compound Semiconductor Performance Through Ion Implantation Innovation
Russell Low, PhD
President & CEO, Axcelis Technologies
March 24, 14:30-15:00
Shanghai Ballroom 3, Kerry Hotel

Innovative Implant Solutions Empower SiC Super Junction Cost Reduction
Hongchen Zhao, PhD
Worldwide Applications Director
Axcelis Technologies, Inc.
March 25, 14:00 – 14:25
Pudong Ballroom 1, Kerry Hotel

President and CEO Russell Low, said, "We're excited to participate in SEMICON China and especially pleased to sponsor the CS Asia Conference, one of the most important technology forums in the Asia Pacific region. Global demand for clean, efficient energy solutions is rising, and power and compound semiconductor solutions are becoming increasingly critical. We are proud to be an innovation and market leader in ion implantation solutions in this market. We look forward to introducing our next generation Purion Power Series+ Platform to chipmakers in China."

About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:
Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

Axcelis Investor Relations Contact:
David Ryzhik
Senior Vice President, Investor Relations and Corporate Strategy
Telephone: (978) 787-2352
Email: [email protected]

SOURCE Axcelis Technologies, Inc.

, /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, is pleased to announce the approval of its greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative (SBTi). The SBTi is a corporate climate action organization that enables companies worldwide to play their part in combating the climate crisis.

Axcelis has committed to achieve net-zero GHG emissions across the value chain by 2050. The company has been granted approval from SBTi to achieve the following goals:

Reduce absolute scope 1 and 2 GHG emissions by 65.88% by 2030 from a 2022 base year. Reduce scope 3 GHG emissions from use of sold products by 51.6% per USD value added by 2030. Reduce absolute scope 1 and 2 GHG emissions by 90.0% by 2050 from a 2022 base year. Reduce scope 3 GHG emissions by 97.0% per USD value added by 2050. President and CEO, Dr. Russell Low, commented, "Axcelis is proud to take a leading role in the industry to drive efforts to mitigate climate change. Holding ourselves accountable to drive sustainable growth is at the heart of what we do at Axcelis. These goals are just one part of Axcelis' Purpose, to passionately innovate with our customers, delivering technology for a sustainable future."

Axcelis reports on progress toward its climate goals in its annual Sustainability Report.

About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:
Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

Investor Relations Contact:
David Ryzhik
Senior Vice President, Interim CFO
Telephone: (978) 787-2352
Email: [email protected]

SOURCE Axcelis Technologies, Inc.

Posted by Defense World Staff on Apr 14th, 2026

Burney Co. bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 24,721 shares of the semiconductor company’s stock, valued at approximately $1,986,000. Burney Co. owned about 0.08% of Axcelis Technologies at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in Axcelis Technologies during the 3rd quarter worth $25,000. Close Asset Management Ltd purchased a new position in Axcelis Technologies during the 3rd quarter worth $27,000. Advisory Services Network LLC purchased a new position in Axcelis Technologies during the 3rd quarter worth $32,000. Caitlin John LLC purchased a new position in Axcelis Technologies during the 3rd quarter worth $32,000. Finally, EverSource Wealth Advisors LLC grew its stake in Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after buying an additional 267 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several brokerages recently weighed in on ACLS. Weiss Ratings restated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 22nd. Bank of America boosted their target price on Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research note on Tuesday, January 13th. Zacks Research downgraded Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Wall Street Zen downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, B. Riley Financial lowered their price target on Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $101.50.

Read Our Latest Report on Axcelis Technologies

Axcelis Technologies Stock Performance Shares of ACLS opened at $110.74 on Tuesday. The stock has a 50-day moving average of $89.63 and a two-hundred day moving average of $87.31. Axcelis Technologies, Inc. has a one year low of $43.00 and a one year high of $112.82. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.11 and a current ratio of 4.77. The stock has a market cap of $3.40 billion, a P/E ratio of 29.22, a P/E/G ratio of 13.19 and a beta of 1.65.

Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.37. Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.The company had revenue of $238.33 million during the quarter, compared to analysts’ expectations of $215.04 million. During the same quarter in the previous year, the firm posted $1.54 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. As a group, research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Insider Transactions at Axcelis Technologies In other news, Director Jorge Titinger sold 1,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the completion of the transaction, the director owned 6,477 shares of the company’s stock, valued at $518,160. The trade was a 13.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell Low sold 1,244 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $94.06, for a total value of $117,010.64. Following the completion of the transaction, the chief executive officer directly owned 132,282 shares of the company’s stock, valued at approximately $12,442,444.92. This trade represents a 0.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.48% of the company’s stock.

Axcelis Technologies Company Profile (Free Report)

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.

Further Reading Five stocks we like better than Axcelis Technologies Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report).

Receive News & Ratings for Axcelis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axcelis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBurney Co. Cuts Stock Holdings in Neurocrine Biosciences, Inc. $NBIX

NEXT HEADLINE »Apollon Wealth Management LLC Purchases 3,040 Shares of Johnson & Johnson $JNJ

On April 15, 2026, Axcelis Technologies Inc ACLS shares rose 4.3% today, closing at $117.88. The stock has experienced significant price movements, trading between a 52-week high of $120.99 and a low of $43.00.

GF Value™ verdict: Current price is $117.88, which is 35.3% above the GF Value™ estimate of $87.12, indicating the stock is overvalued.GF Score™: 92/100, which suggests a strong potential for long-term returns based on the underlying fundamentals.Most notable signal: Financial Strength rated at 9/10, reflecting a robust financial position. Is ACLS Overvalued or Undervalued? Axcelis Technologies Inc ACLS is currently trading at $117.88, significantly exceeding its GF Value™ estimate of $87.12. This represents a 35.3% overvaluation, as indicated by the GF Valuation label of "Significantly Overvalued." The margin of safety here is negative, suggesting that investors are paying a premium for the stock relative to its intrinsic value. With the current price being well above the GF Value™, it raises concerns regarding potential risks for investors, as the stock may be subject to corrections if market sentiment changes.

GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given this significant overvaluation, investors should proceed with caution, as the high price could pose risks in the event of unfavorable market conditions or a downturn in company performance.

How Does ACLS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 31.1x 18.4x Forward P/E 32.3x N/A Currently, ACLS's P/E (TTM) stands at 31.1x, which is 69% above its 5-year median P/E of 18.4x. This indicates that the stock is trading at a premium compared to its historical valuation. Additionally, the forward P/E of 32.3x suggests that analysts expect continued growth, though this premium also aligns with the GF Value™ assessment of being overvalued. The P/E analysis supports the conclusion that ACLS is currently priced above its historical norms, reinforcing the notion of substantial overvaluation.

What Does ACLS's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).

Metric Rating GF Score™ 92 Financial Strength 9/10 Profitability 9/10 Growth 8/10 Valuation 5/10 Momentum 9/10 The strong GF Score™ of 92/100 highlights that Axcelis Technologies Inc excels in Financial Strength, Profitability, and Momentum, all rated highly at 9/10. However, the Valuation score of 5/10 indicates that the stock is currently not priced favorably relative to its historical performance. Overall, ACLS demonstrates solid fundamentals and growth potential but faces valuation challenges that investors should consider.

What Are Insiders Doing with ACLS Stock? In the last three months, insider activity at Axcelis Technologies Inc has shown that insiders sold approximately $0.3 million worth of shares with no reported buying. This selling activity may signal a lack of confidence from insiders regarding the stock's current price levels, suggesting that they may believe the shares are overvalued at present. While insider selling can sometimes be a normal activity, a consistent pattern of selling without any buying can raise caution among potential investors.

What This Means for Investors Based on the analysis, Axcelis Technologies Inc ACLS is currently deemed overvalued according to the GF Value™ estimate. The significant gap between the current stock price and the GF Value™ suggests that investors may be paying a premium that could pose risks if market conditions change or if company performance does not meet expectations.

For the complete analysis, visit the Axcelis Technologies Inc ACLS stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is ACLS's GF Score™?

ACLS's GF Score™ is 92/100, indicating a strong potential for long-term returns based on its financial health and growth metrics.

Is ACLS overvalued or undervalued?

ACLS is currently overvalued, as its market price of $117.88 is 35.3% above the GF Value™ estimate of $87.12.

What is ACLS's P/E ratio?

ACLS's P/E (TTM) ratio is 31.1x, which is significantly higher than its 5-year median P/E of 18.4x, indicating the stock is trading at a premium compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Key Takeaways ACLS and VECO's $4.4B all-stock merger, signed Oct 2025, is expected to close soon pending approvals.Combined portfolio spans ion implantation, laser annealing and MOCVD, aiming for cross-selling.China regulatory review, integration complexity and volatile memory demand are key overhangs. The all-stock merger agreement between Axcelis Technologies Inc. (ACLS - Free Report) and Veeco Instruments Inc. (VECO - Free Report) , inked in October 2025, is likely to redefine the semiconductor industry with a significant consolidation within the mid-tier semiconductor equipment space. Valued at approximately $4.4 billion, the proposed merger is expected to close very soon, subject to mandatory closing conditions and regulatory approvals.

The transaction aims to transform two niche players into a more diversified semiconductor equipment platform. Axcelis brings strength in ion implantation, while Veeco contributes capabilities in laser annealing, MOCVD and related process technologies. The combination aims to create a broader, more complementary portfolio spanning multiple stages of semiconductor manufacturing. Consequently, the transaction assumes strategic importance amid near-term uncertainty stemming from challenging geopolitical conditions.

Portfolio Expansion to Drive Customer EngagementThe merger is designed to enhance product breadth and deepen customer relationships at a time when chipmakers increasingly prefer vendors offering a wider range of tools. By combining adjacent process technologies, the merged entity is expected to benefit from cross-selling opportunities and improved wallet share. This is particularly relevant as advanced semiconductor manufacturing, driven by AI, high-performance computing and complex chip architectures, requires an increasing number of specialized process steps. A multi-product portfolio could therefore strengthen the company’s competitive positioning against larger equipment providers such as Applied Materials, Inc. (AMAT - Free Report) and Lam Research Corporation (LRCX - Free Report) .

Stock Performance Reflects Execution ConcernsDespite the favorable long-term narrative, shares of both ACLS and VECO have underperformed peers in recent months. Investor caution primarily reflects integration risks, as combining product roadmaps, sales channels and organizational structures can be complex. Additionally, both companies have exposure to cyclical end markets such as memory, where demand trends remain volatile and visibility is limited. These factors, coupled with broader macro uncertainty, have contributed to a more measured market response.

One-Year ACLS-VECO Stock Price Performance

Image Source: Zacks Investment Research

Regulatory and Geopolitical OverhangThe requirement for regulatory approvals, particularly from China (as both companies have significant revenue and customers in China), introduces an additional layer of uncertainty. Given the ongoing geopolitical tensions and heightened scrutiny of semiconductor supply chains, delays or stringent approval conditions could adversely impact deal timing and near-term business momentum. This overhang remains a key factor influencing investor sentiment.

Industry Implications: Consolidation Trend Gains MomentumThe Axcelis–Veeco combination highlights an accelerating consolidation trend among mid-sized semiconductor equipment vendors. The industry is increasingly polarized between large, diversified players with scale advantages and smaller niche specialists focused on innovation. Mid-tier companies face pressure to expand capabilities or risk being squeezed out. This merger represents a strategic response to that challenge, positioning the combined entity to better align with evolving industry dynamics, including advanced packaging and modular chip design.

Outlook: Long-Term Optionality, Near-Term RisksThe success of the merger will depend on execution, particularly the ability to realize cross-selling opportunities and maintain technological differentiation. While the deal offers long-term growth optionality through diversification and improved market positioning, near-term risks remain. Integration challenges, cyclical demand exposure and regulatory uncertainties could weigh on performance in the interim. Consequently, the combined entity may continue to trade at a discount until it demonstrates consistent execution and tangible benefits from the merger.

Axcelis Technologies (ACLS - Free Report) ended the recent trading session at $143.13, demonstrating a +2.34% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.8%. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 1.63%.

Heading into today, shares of the semiconductor services company had gained 42.21% over the past month, outpacing the Computer and Technology sector's gain of 12.05% and the S&P 500's gain of 8.11%.

The investment community will be closely monitoring the performance of Axcelis Technologies in its forthcoming earnings report. The company is scheduled to release its earnings on May 7, 2026. The company's earnings per share (EPS) are projected to be $0.71, reflecting a 31.73% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $195.05 million, up 1.29% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.54 per share and a revenue of $840.2 million, signifying shifts of -27.46% and +0.14%, respectively, from the last year.

Any recent changes to analyst estimates for Axcelis Technologies should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Axcelis Technologies is holding a Zacks Rank of #3 (Hold) right now.

In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 39.51. Its industry sports an average Forward P/E of 40.35, so one might conclude that Axcelis Technologies is trading at a discount comparatively.

Investors should also note that ACLS has a PEG ratio of 13.48 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Machinery industry currently had an average PEG ratio of 7.33 as of yesterday's close.

The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

Q1 2026 Highlights:

Revenue of $199.0 million GAAP Gross Margin of 40.5%, and Non-GAAP Gross Margin of 40.7% GAAP Operating Margin of 4.0% and Non-GAAP Operating Margin of 11.7% GAAP Diluted Earnings Per Share of $0.30, and Non-GAAP Diluted Earnings Per Share of $0.72  , /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the first quarter ended March 31, 2026.

President and CEO Russell Low commented, "We executed well in the first quarter, delivering results slightly above expectations, reflecting the strength of our CS&I business and meaningful acceleration in Memory. Demand in DRAM and HBM was again a clear highlight, with strong sequential growth building on our momentum exiting 2025. CS&I remains an area of focus for Axcelis and is becoming an increasingly important strategic driver of our business across cycles, particularly as our installed base expands."

Low added, "We continue to anticipate 2026 revenue will be relatively flat compared to 2025, as growth in Memory is offset by a continued digestion of capacity in our Power and General Mature markets. That said, we are encouraged by our bookings activity in the first quarter and the robust customer engagement we are having across a wide array of opportunities, which positions Axcelis for increased momentum exiting 2026 and into 2027. We look forward to completing our merger with Veeco, which we expect to close in the second half of 2026." 

Senior Vice President and Interim CFO David Ryzhik stated, "We ended the first quarter with a strong balance sheet, including approximately $570 million of cash, and continued to generate attractive free cash flow, providing ample flexibility to fund our growth objectives and maintain a value‑creative capital allocation strategy. As we look to the balance of the year, we are well positioned to execute, supported by firming order trends, an anticipated increase in revenue in the second half, and continued investments in innovation to capture attractive opportunities ahead." 

Results Summary
(In thousands, except per share amounts and percentages) 

Three months ended March 31,

2026

2025

Revenue

$

198,956

$

192,563

Gross margin

40.5 %

46.1 %

Operating margin

4.0 %

15.1 %

Net income

$

9,214

$

28,579

Diluted earnings per share

$

0.30

$

0.88

Non-GAAP Results

Non-GAAP gross margin

40.7 %

46.4 %

Non-GAAP operating margin

11.7 %

18.5 %

Adjusted EBITDA

$

27,748

$

40,001

Non-GAAP net income

$

22,425

$

34,197

Non-GAAP diluted earnings per share

$

0.72

$

1.06

Business Outlook
For the second quarter ending June 30, 2026, Axcelis expects revenues of approximately $205 million, GAAP earnings per diluted share of approximately $0.57, and non-GAAP earnings per share of approximately $0.90.

Please refer to Second Quarter 2026 Outlook under the "Notes on our Non-GAAP Financial Information" section of this document for detail relating to the computation of non-GAAP earnings per diluted share as well as the Safe Harbor Statement section of this document.

First Quarter 2026 Conference Call
The Company will host a call to discuss the results for the first quarter 2026 today at 5:00 p.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by registering as a participant here:
https://register-conf.media-server.com/register/BIabf144ee757c4fccaceea99cf3cea2c9
Webcast replays will be available for 30 days following the call.

Use of Non-GAAP Financial Results
This press release includes financial measures that are not presented in accordance with U.S. generally accepted accounting principles ("non-GAAP financial measures"). These non-GAAP financial measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP income tax provision, Adjusted EBITDA, non-GAAP net income, and non-GAAP diluted earnings per share, and reflect adjustments for the impact of share-based compensation expense, certain items related to restructuring and severance charges and any associated adjustments and transaction and integration costs associated with the merger agreement with Veeco Instruments announced on October 1, 2025.

Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

For further information regarding these non-GAAP financial measures, please refer to the tables presenting reconciliations of our non-GAAP results to our GAAP results and the "Notes on Our Non-GAAP Financial Information" at the end of this press release.

Safe Harbor Statement
This press release contains, and the conference call will contain, forward-looking statements under the Private Securities Litigation Reform Act safe harbor provisions. These statements, which include our expectations for spending in our industry and guidance for future financial performance, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are outside the control of the Company, including that customer decisions to place orders or our product shipments may not occur when we expect, that orders may not be converted to revenue in any particular quarter, or at all, whether demand will continue for the semiconductor equipment we produce or, if not, whether we can successfully meet changing market requirements, and whether we will be able to maintain continuity of business relationships with and purchases by major customers. Increased competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and instability caused by changing global economic, political or financial conditions, including with respect to the imposition of tariffs on our products or components of our products, could also cause actual results to differ materially from those in our forward-looking statements. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.

About Axcelis
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
Telephone: (978) 787-2352
Email: [email protected]

Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: [email protected]

Axcelis Technologies, Inc.

Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

Three months ended March 31,

2026

2025

Revenue:

Product

$

188,008

$

182,824

Services

10,948

9,739

Total revenue

198,956

192,563

Cost of revenue:

Product

105,735

94,500

Services

12,640

9,295

Total cost of revenue

118,375

103,795

Gross profit

80,581

88,768

Operating expenses:

Research and development

28,516

27,128

Sales and marketing

17,354

15,124

General and administrative

26,761

17,357

Total operating expenses

72,631

59,609

Income from operations

7,950

29,159

Other income (expense):

Interest income

4,462

5,601

Interest expense

(1,292)

(1,367)

Other, net

(495)

(309)

Total other income

2,675

3,925

Income before income taxes

10,625

33,084

Income tax provision

1,411

4,505

Net income

$

9,214

$

28,579

Net income per share:

Basic

$

0.30

$

0.89

Diluted

$

0.30

$

0.88

Shares used in computing net income per share:

Basic weighted average shares of common stock

30,723

32,258

Diluted weighted average shares of common stock

30,980

32,335

Axcelis Technologies, Inc.

Consolidated Balance Sheets

(In thousands, except per share amounts)

(Unaudited)

March 31,

December 31,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

150,829

$

145,451

Short-term investments

215,771

228,802

Accounts receivable, net

161,814

168,479

Inventories, net

326,052

329,010

Prepaid income taxes

4,609

4,658

Prepaid expenses and other current assets

76,607

66,802

Total current assets

935,682

943,202

Property, plant and equipment, net

57,729

56,146

Operating lease assets

27,943

28,927

Finance lease assets, net

13,835

14,154

Long-term restricted cash

10,628

10,627

Deferred income taxes

80,514

79,895

Long-term investments

203,339

182,396

Other assets

44,874

46,004

Total assets

$

1,374,544

$

1,361,351

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

51,558

$

42,309

Accrued compensation

16,663

34,233

Warranty

9,314

9,516

Income taxes

14,026

11,383

Deferred revenue

68,352

65,494

Current portion of finance lease obligation

1,648

1,575

Other current liabilities

42,353

33,150

Total current liabilities

203,914

197,660

Long-term finance lease obligation

40,310

40,754

Long-term deferred revenue

41,214

43,445

Other long-term liabilities

44,463

44,815

Total liabilities

329,901

326,674

Stockholders' equity:

Common stock, $0.001 par value, 75,000 shares authorized;
30,733 shares issued and outstanding at March 31, 2026;
30,717 shares issued and outstanding at December 31, 2025

31

31

Additional paid-in capital

537,185

533,309

Retained earnings

512,753

503,539

Accumulated other comprehensive loss

(5,326)

(2,202)

Total stockholders' equity

1,044,643

1,034,677

Total liabilities and stockholders' equity

$

1,374,544

$

1,361,351

Axcelis Technologies, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three months ended March 31,

2026

2025

Cash flows from operating activities

Net income

$

9,214

$

28,579

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

4,436

4,309

Stock-based compensation expense

4,899

4,903

Other

3,805

(1,682)

Change in operating assets and liabilities, net

(4,215)

3,686

Net cash provided by operating activities

18,139

39,795

Cash flows from investing activities

Expenditures for property, plant and equipment and capitalized software

(1,839)

(4,960)

Other changes in investing activities, net

(8,800)

45,429

Net cash (used in) provided by investing activities

(10,639)

40,469

Cash flows from financing activities

Repurchase of common stock

—

(18,178)

Other changes from financing activities, net

(1,397)

(1,932)

Net cash used in financing activities

(1,397)

(20,110)

Effect of exchange rate changes on cash and cash equivalents

(724)

292

Net increase in cash, cash equivalents and restricted cash

5,379

60,446

Cash, cash equivalents and restricted cash at beginning of period

156,078

131,064

Cash, cash equivalents and restricted cash at end of period

$

161,457

$

191,510

Notes on Our Non-GAAP Financial Information

Management uses non-GAAP gross profit, gross margin, operating income, operating margin, income tax provision, net income, diluted earnings per share, and Adjusted EBITDA to evaluate the Company's operating and financial performance and for planning purposes. Axcelis believes these measures enhance an overall understanding of its performance and investors' ability to review the Company's business from the same perspective as the Company's management. 

There are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies, and may exclude certain items that may have a material impact upon our reported financial results. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP.

Totals presented may not sum and percentages may not recalculate using figures presented due to rounding.

Axcelis Technologies, Inc.

Schedule Reconciling Selected Non-GAAP Financial Measures

(In thousands, except per share amounts and percentages)

Three months ended March 31,

2026

2025

GAAP gross profit

$

80,581

$

88,768

Restructuring1

—

226

Stock-based compensation

442

353

Non-GAAP gross profit

$

81,023

$

89,347

Non-GAAP gross margin

40.7 %

46.4 %

Operating expenses

$

72,631

$

59,609

Transaction and integration3,4

(10,398)

(481)

Bad debt expense

(65)

—

Restructuring1

—

(923)

Stock-based compensation

(4,457)

(4,550)

Non-GAAP operating expenses

$

57,711

$

53,655

GAAP operating income

$

7,950

$

29,159

Transaction and integration3,4

10,398

481

Bad debt expense

65

—

Restructuring1

—

1,149

Stock-based compensation

4,899

4,903

Non-GAAP operating income

$

23,312

$

35,692

Non-GAAP operating margin

11.7 %

18.5 %

GAAP income tax provision

$

1,411

$

4,505

Income tax effect of non-GAAP adjustments2

2,151

915

Non-GAAP income tax provision

$

3,562

$

5,420

GAAP net income

$

9,214

$

28,579

Transaction and integration3,4

10,398

481

Bad debt expense

65

—

Restructuring1

—

1,149

Stock-based compensation

4,899

4,903

Income tax effect of non-GAAP adjustments2

(2,151)

(915)

Non-GAAP net income

$

22,425

$

34,197

GAAP diluted EPS

$

0.30

$

0.88

Transaction and integration3,4

0.34

0.01

Bad debt expense

—

—

Restructuring1

—

0.04

Stock-based compensation

0.16

0.15

Income tax effect of non-GAAP adjustments2

(0.07)

(0.03)

Non-GAAP diluted EPS

$

0.72

$

1.06

Note 1: Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.

Note 2: Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.

Note 3: Transaction and integration costs include expenses associated with the merger agreement with Veeco Instruments.

Note 4: First quarter 2025 transaction and integration costs includes $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported first quarter 2025 results, given that this occurred prior to the transaction announcement on October 1, 2025.

Axcelis Technologies, Inc.

Reconciliation of Net Income to Adjusted EBITDA

(In thousands, except percentages)

Three months ended March 31,

2026

2025

Net income

$

9,214

$

28,579

Other (income)/expense

(2,675)

(3,925)

Income tax provision

1,411

4,505

Depreciation & amortization

4,436

4,309

Subtotal

12,386

33,468

Transaction and integration2,3

10,398

481

Bad debt expense

65

—

Restructuring1

—

1,149

Stock-based compensation

4,899

4,903

Adjusted EBITDA

$

27,748

$

40,001

Adjusted EBITDA margin

13.9 %

20.8 %

Note 1: Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.

Note 2: Transaction and integration costs include expenses associated with the merger agreement with Veeco Instruments.

Note 3: First quarter 2025 transaction and integration costs includes $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported first quarter 2025 results, given that this occurred prior to the transaction announcement on October 1, 2025.

Axcelis Technologies, Inc.

Second Quarter Outlook

GAAP to Non-GAAP Diluted Earnings Per Share

Three months ended
June 30, 2026

GAAP diluted EPS

$

0.57

Transaction and integration1

0.18

Stock-based compensation

0.21

Income tax effect of non-GAAP adjustments2

(0.06)

Non-GAAP diluted EPS

$

0.90

Note 1:

Transaction and integration costs include expenses associated with the merger agreement with Veeco Instruments.

Note 2:

Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.

Figures may not sum due to rounding.

SOURCE Axcelis Technologies, Inc.

Axcelis Technologies, Inc. (ACLS) Q1 2026 Earnings Call Transcript

Micron Technology (MU 0.30%) supplies some of the world's best high-bandwidth memory (HBM) for data centers, which is critically important for processing artificial intelligence (AI) workloads. Demand for this hardware far exceeds supply, which is why Micron stock has exploded higher by 700% over the past year.

But another company is also benefiting from the blistering demand for memory. Axcelis Technologies (ACLS +5.05%) sells ion implantation machines, which play an essential role in the manufacturing of memory chips and other semiconductor hardware. As companies such as Micron race to expand their production capacity, they will have to buy more of this equipment.

Axcelis stock is sitting on a 12-month gain of 170%. But is there more upside ahead?

Image source: Getty Images.

The memory opportunity could transform Axcelis' business Axcelis has three primary business units which account for 90% of its revenue:

Power: Axcelis sells ion implantation machines for power semiconductors, which control the flow of electricity between chips and other devices. The company specializes in complex chemistries, including silicon carbide which is popular in the electric vehicle industry because it facilitates rapid battery charging. General Mature: This segment includes ion implantation equipment for mature-node chips, which are the basic processors that power everyday electronics including Wi-Fi modems, vehicle infotainment systems, and camera sensors. Memory: This is where Axcelis accounts for sales of ion implantation machines to manufacturers of memory chips, whether they are making HBM for data centers or direct random-access memory for computers and smartphones. Ion implantation is a highly complex but crucial process that occurs in the very early stages of semiconductor production. Chips start out as basic sheets of silicon crystal, so to turn this raw material into functioning memory cells, ion implantation machines have to fire tiny charged atoms into the wafer to map out how electricity should flow.

Memory has become a critical piece of the AI hardware stack. HBM for the data center sits alongside graphics processing units (GPUs), which are the primary chips used in AI workloads. A low memory capacity would create bottlenecks, forcing GPUs to pause while they wait to receive more data. This situation would lead to a subpar experience for anyone using an AI chatbot or AI agent.

During the first quarter, Axcelis shipped the highest number of ion implantation systems to the memory industry since 2023, leading to a strong uplift in revenue and bookings. The company plans to expand its presence in the memory segment to capture as much value from the AI opportunity as possible.

Revenue growth could accelerate Axcelis generated $199 million in total revenue during the first quarter, representing an increase of just 3% from the year-ago period. The memory segment accounted for only around one-third of the company's revenue, so its strength was offset by weakness in other areas, including the general mature business.

Wall Street's consensus estimate (from Yahoo! Finance) suggests Axcelis will generate $842 million in revenue during 2026 overall, which would be flat with last year. However, analysts then expect revenue to grow by over 9% to $921 million in 2027, suggesting the company could soon find some momentum.

Nevertheless, there's no denying that Axcelis' top line is sluggish right now, especially compared with the blistering triple-digit percentage revenue growth that companies like Micron are producing. However, memory manufacturers are currently scrambling to expand production capacity, so it's possible Axcelis will surprise Wall Street with higher orders than expected over the next 12 to 18 months. That might explain why investors are piling into its stock.

Axcelis stock isn't cheap, but it could reward long-term investors Axcelis generated GAAP earnings of $3.21 per share over the past four quarters, which places its stock at a price-to-earnings (P/E) ratio of 48.9. That means this stock is far more expensive than the S&P 500 and Nasdaq-100 indexes, which currently trade at P/E ratios of 26.5 and 35.6, respectively.

Today's Change

(

5.05

%) $

8.77

Current Price

$

182.34

Axcelis is also more expensive than Micron, which is trading at a P/E ratio of 35.5, so it doesn't look like a good value right now no matter which way you slice it. However, its current price might actually look like a bargain when investors reflect back on this moment in three to five years, and here's why.

It's clear that building more HBM production capacity won't be possible without the kind of ion implantation machines supplied by Axcelis. But AI workloads are slowly migrating from data centers to personal computers and smartphones, which, according to Micron, is already fueling a surge in demand for memory capacity from manufacturers of those devices.

Therefore, Axcelis is going to have a massive opportunity to sell equipment even after the AI data center spending boom slows down. Nevertheless, buying its stock at such a high valuation today does open the door to some downside risk, so investors should make it only a small part of their portfolio. They can always add to their position in the future if the stock declines to a more attractive level.

From a technical perspective, Axcelis Technologies (ACLS - Free Report) is looking like an interesting pick, as it just reached a key level of support. ACLS recently overtook the 20-day moving average, and this suggests a short-term bullish trend.

The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.

Like other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.

Over the past four weeks, ACLS has gained 13.7%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.

The bullish case solidifies once investors consider ACLS's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 3 higher, while the consensus estimate has increased too.

Investors may want to watch ACLS for more gains in the near future given the company's key technical level and positive earnings estimate revisions.