, /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced plans to invest $35 million in its global manufacturing infrastructure through the construction of a new ion implantation equipment manufacturing facility in Pyeongtaek, Gyeonggi Province, Korea.
Robert Mahoney, Axcelis’ EVP of Global Operations, with Kim Jeong-kwan, Minister of Trade, Industry and Energy, at the recent U.S. Investment Filing Ceremony and Roundtable event held in Washington, D.C. President and CEO Russell Low commented, "This investment reflects Axcelis' continued commitment to strengthening our global high volume manufacturing infrastructure and expanding the capabilities needed to serve our customers around the world. Ion implanters are among the most important tools in front-end semiconductor manufacturing. Building on our established presence in Korea, the new Pyeongtaek facility will enhance our ability to support growing global demand for semiconductors."
The Pyeongtaek site will encompass approximately 200,000 square feet of total gross floor area. The manufacturing center's design will provide a lean production environment that encompasses nearly 50 years of semiconductor capital equipment experience. The Pyeongtaek facility will integrate warehousing, Class 1,000 and Class 10,000 cleanrooms, and a training center, to enable fast and flexible responses to our customers' needs.
As part of this global manufacturing expansion, Robert Mahoney, Executive Vice President, Global Operations, participated in an Investment Declaration Ceremony in Washington, D.C., with representatives from the Ministry of Trade, Industry and Resources (MOTIR) and the Korea Trade-Investment Promotion Agency (KOTRA) last week. A groundbreaking ceremony will follow on October 20, 2026. Production at the new manufacturing facility is scheduled to commence in the second half of 2028.
About Axcelis
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for nearly 50 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.
Safe Harbor Statement:
Statements made in this press release that are not of known historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. These statements 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, including the risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission ("SEC"), including specifically the risk factors described in our most recent Annual Report on Form 10-K and other subsequent filings with the SEC. The Company undertakes no obligation to update the information or statements made in this press release.
CONTACTS:
Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
Telephone: (978) 787-2352
Email: [email protected]
BEVERLY, Mass., Sept. 1, 2026 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences: The Citi 2026 Global TMT Conference on Tuesday, September 8th at the New York Hilton Midtown.
Investors in Axcelis Technologies, Inc. (ACLS - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 18, 2026 $50 Put had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Axcelis Technologies shares, but what is the fundamental picture for the company? Currently, Axcelis Technologies is a Zacks Rank #3 (Hold) in the Electronics - Manufacturing Machinery industry that ranks in the Top 10% of our Zacks Industry Rank. Over the last 30 days, two analysts have increased their earnings estimates for the current quarter, while none have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.03 per share to $1.11 in that period.
Given the way analysts feel about Axcelis Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
*Stock prices used were the afternoon prices of Aug. 19, 2026. The video was published on Aug.21, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Cetera Investment Advisers trimmed its position in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 48.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 5,127 shares of the semiconductor company’s stock after selling 4,828 shares during the period. Cetera Investment Advisers’ holdings in Axcelis Technologies were worth $477,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. REAP Financial Group LLC acquired a new position in Axcelis Technologies in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings 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 acquiring an additional 267 shares during the period. Advisory Services Network LLC acquired a new stake in Axcelis Technologies during the 3rd quarter worth $32,000. Leonteq Securities AG bought a new stake in shares of Axcelis Technologies during the 4th quarter valued at $40,000. Finally, Clearstead Advisors LLC raised its position in shares of Axcelis Technologies by 197.1% during the 4th quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 477 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of equities analysts have issued reports on the company. Bank of America raised their target price on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a report on Tuesday, June 23rd. Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Hold” and an average price target of $132.20.
View Our Latest Report on Axcelis Technologies Insider Buying and Selling In other Axcelis Technologies news, EVP Eileen Evans sold 926 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $155.51, for a total value of $144,002.26. Following the completion of the sale, the executive vice president owned 31,295 shares of the company’s stock, valued at $4,866,685.45. The trade was a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Todd Sutton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total value of $319,980.00. Following the sale, the vice president directly owned 6,360 shares in the company, valued at $1,017,536.40. This represents a 23.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,512 shares of company stock valued at $713,682. Insiders own 0.49% of the company’s stock.
Axcelis Technologies Trading Down 6.6% Shares of NASDAQ:ACLS opened at $126.43 on Thursday. The company’s 50-day moving average price is $149.36 and its two-hundred day moving average price is $127.13. Axcelis Technologies, Inc. has a one year low of $73.60 and a one year high of $193.78. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 3.21. The stock has a market capitalization of $3.90 billion, a PE ratio of 42.43, a price-to-earnings-growth ratio of 4.14 and a beta of 1.92.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The business had revenue of $215.18 million for the quarter, compared to the consensus estimate of $205.03 million. During the same period in the previous year, the company earned $1.13 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. On average, equities analysts forecast that Axcelis Technologies, Inc. will post 3.39 EPS for the current fiscal year.
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.
Read More Five stocks we like better than Axcelis Technologies Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? 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).
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On August 18, 2026, Axcelis Technologies Inc
ACLS -5.94% 91
shares fell 5.9%, bringing the current price to $135.36. Over the past year, the stock has seen a high of $193.78 and a low of $73.60, demonstrating significant volatility.
GF Value™ verdict: ACLS is currently trading at $135.36, which is 49.8% above its GF Value™ estimate of $90.36.GF Score™: With a score of 91/100, ACLS is considered strong, indicating good financial health and potential for growth.Most notable signal: Insider activity has shown a negative trend, with insiders selling $6.4 million worth of shares over the past 12 months.Is ACLS Overvalued or Undervalued?According to the GF Value™, Axcelis Technologies Inc is significantly overvalued. The current market price of $135.36 stands well above the estimated fair value of $90.36, reflecting a margin of safety of 49.8%. This overvaluation suggests that the stock might be at risk of a price correction, as the market may be pricing in overly optimistic growth expectations. The GF Value™ is GuruFocus' proprietary intrinsic-value estimate, which incorporates historical trading multiples, past business growth, and future performance projections to determine what the stock should be worth based on these factors.
With the GF Valuation label indicating that ACLS is significantly overvalued, it raises concerns about the sustainability of its current price level. For investors, this overvaluation could mean that potential gains may be limited, and any unfavorable news or changes in market sentiment could lead to a sharper decline.
How Does ACLS's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)45.4x18.5xForward P/E33.0xN/AAxcelis Technologies' current P/E ratio of 45.4x is significantly above its 5-year median P/E of 18.5x, indicating that the stock is trading at a premium compared to its historical valuation. This analysis aligns with the GF Value™ verdict that ACLS is overvalued, as the current P/E ratio is 146% higher than its historical average, suggesting that the market may have unrealistic expectations for future growth.
What Does ACLS's GF Score™ Tell Us?The GF Score™ evaluates a company's financial strength, profitability, growth potential, valuation, and momentum to provide a comprehensive overview of its investment quality. With a score of 91/100, ACLS demonstrates robust financial health, particularly strong in growth (10/10) and profitability (9/10), while its valuation rank is relatively weak at 3/10.
MetricRatingGF Score™91Financial Strength9/10Profitability9/10Growth10/10Valuation3/10Momentum9/10The strong scores in financial strength and growth indicate that the company is well-positioned for future performance. However, the low valuation rank suggests that current prices may not reflect the company's intrinsic value, reinforcing the idea that ACLS may be overvalued. This contrast highlights the potential risk for investors looking at ACLS as a growth stock.
What Are Gurus and Insiders Doing with ACLS?Currently, 10 gurus hold shares of Axcelis Technologies Inc, with 5 adding to their positions and 7 trimming their stakes in recent quarters. This mixed activity reflects a cautious stance among institutional investors, signaling potential concerns about the stock's valuation.
In addition, insider activity has not been encouraging, as insiders sold $6.4 million worth of shares over the past 12 months with no recorded purchases. This selling trend could suggest that insiders may have reservations about the company's future performance or its current valuation, emphasizing the importance of monitoring insider sentiment as a market signal.
What This Means for InvestorsIn conclusion, Axcelis Technologies Inc
ACLS -5.94% 91
appears to be overvalued based on the GF Value™ estimate of $90.36 compared to the current trading price of $135.36. The significant premium over its fair value, alongside the concerning insider selling activity, suggests that investors should exercise caution. While the company's strong growth and profitability metrics are promising, the current valuation presents risks that may overshadow these positive attributes.
For a more in-depth analysis, visit the Axcelis Technologies Inc
ACLS -5.94% 91
stock page, and explore further details on its valuation and performance.
Frequently Asked QuestionsWhat is ACLS's GF Score™?
ACLS has a GF Score™ of 91/100, indicating strong financial health and growth potential.
Is ACLS overvalued or undervalued?
ACLS is currently overvalued, trading at 49.8% above its GF Value™ estimate of $90.36.
What is ACLS's P/E ratio?
ACLS's P/E (TTM) ratio is 45.4x, significantly higher than its 5-year median P/E of 18.5x, indicating overvaluation.
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].
California State Teachers Retirement System boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 21.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,420 shares of the semiconductor company’s stock after buying an additional 6,390 shares during the period. California State Teachers Retirement System owned approximately 0.12% of Axcelis Technologies worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in Axcelis Technologies by 85.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock valued at $145,207,000 after acquiring an additional 835,242 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Axcelis Technologies by 3,402.5% during the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after purchasing an additional 477,705 shares during the period. Invesco Ltd. boosted its holdings in shares of Axcelis Technologies by 176.6% during the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after purchasing an additional 246,939 shares during the period. Balyasny Asset Management L.P. grew its position in Axcelis Technologies by 10,368.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock valued at $19,563,000 after purchasing an additional 241,177 shares in the last quarter. Finally, Millennium Management LLC grew its position in Axcelis Technologies by 143.8% during the third quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock valued at $25,560,000 after purchasing an additional 154,381 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Axcelis Technologies In other Axcelis Technologies news, EVP Eileen Evans sold 926 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $155.51, for a total transaction of $144,002.26. Following the completion of the sale, the executive vice president owned 31,295 shares of the company’s stock, valued at $4,866,685.45. This represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher Tatnall sold 1,166 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $149.75, for a total value of $174,608.50. Following the transaction, the executive vice president owned 27,627 shares in the company, valued at approximately $4,137,143.25. This trade represents a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 26,083 shares of company stock worth $4,001,032. 0.49% of the stock is currently owned by company insiders.
Axcelis Technologies Trading Up 2.6% Axcelis Technologies stock opened at $140.27 on Friday. Axcelis Technologies, Inc. has a one year low of $73.60 and a one year high of $193.78. The company’s fifty day moving average price is $152.46 and its two-hundred day moving average price is $124.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 2.99. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 47.07, a PEG ratio of 9.93 and a beta of 1.92.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The company had revenue of $215.18 million during the quarter, compared to analysts’ expectations of $205.03 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. On average, analysts forecast that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades A number of equities research analysts have issued reports on ACLS shares. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Monday, April 20th. Bank of America upped their price target on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Friday. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $132.20.
Check Out Our Latest Stock Analysis on Axcelis Technologies
Axcelis Technologies News Summary Here are the key news stories impacting Axcelis Technologies this week:
Positive Sentiment: Q2 earnings and revenue beat estimates. Axcelis reported revenue of $215.2 million, up 10.6% year over year, while non-GAAP diluted EPS was $1.06 versus the $0.89 consensus estimate. Non-GAAP gross and operating margins were 42.7% and 14.7%, respectively. Axcelis Announces Financial Results for Second Quarter 2026 Positive Sentiment: Q3 guidance exceeded analyst expectations. Management forecast EPS of approximately $1.11 and revenue of $230 million, above consensus estimates of $1.01 and $214.8 million. The company also raised its full-year 2026 outlook to mid-single-digit revenue growth, improving visibility for investors. Axcelis expects Q3 2026 EPS of about $1.11 as it lifts full-year 2026 outlook Neutral Sentiment: Investors are weighing the semiconductor capital-spending outlook. Recent analysis highlights Axcelis’s exposure to the ongoing chip-manufacturing buildout but questions whether the equipment-spending cycle can continue supporting growth. This remains an important longer-term factor for ACLS. Can Axcelis Technologies Keep Riding the Semiconductor Capital Spending Wave? Negative Sentiment: Craig Hallum downgraded ACLS from Buy to Hold and assigned a $140 price target, suggesting limited near-term upside at the time of the report. The downgrade may temper enthusiasm following the earnings beat, particularly given the stock’s elevated valuation and recent volatility. Finviz 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.
Featured Articles Five stocks we like better than Axcelis Technologies Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish 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).
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Axcelis Technologies (ACLS - Free Report) came out with quarterly earnings of $1.06 per share, beating the Zacks Consensus Estimate of $0.9 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +17.78%. A quarter ago, it was expected that this semiconductor services company would post earnings of $0.71 per share when it actually produced earnings of $0.72, delivering a surprise of +1.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Axcelis, which belongs to the Zacks Electronics - Manufacturing Machinery industry, posted revenues of $215.18 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.91%. This compares to year-ago revenues of $194.54 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Axcelis shares have added about 70.1% since the beginning of the year versus the S&P 500's gain of 12.8%.
What's Next for Axcelis?While Axcelis has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Axcelis was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.03 on $215.1 million in revenues for the coming quarter and $3.82 on $845.4 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Manufacturing Machinery is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
PodcastOne, Inc. (PODC - Free Report) , another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.
This company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +75%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
PodcastOne, Inc.'s revenues are expected to be $17.84 million, up 19% from the year-ago quarter.
Small-Caps, Big Buybacks: 3 Stocks With Large Buyback CapacityAxcelis Technologies NASDAQ: ACLS reported second-quarter 2026 revenue of $215 million and non-GAAP diluted earnings per share of $1.06, with both figures exceeding management’s expectations. The company raised its outlook for the full year, now expecting mid-single-digit revenue growth after previously forecasting revenue roughly flat with 2025.
President and CEO Russell Low said the quarter reflected “strong operational execution” amid favorable demand trends across several key markets. Systems revenue grew sequentially as improvement in power and general mature-node markets more than offset an expected moderation in memory revenue tied to the timing of available fab space.
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3 Must-Watch Semiconductor Stocks as NVIDIA Takes a BreatherLow also said the company’s customer service and support business, referred to as CS&I, remained an important contributor. Growth in that segment was supported by the expanding installed base, greater customer equipment utilization and broader aftermarket products and services offerings.
Second-Quarter Results and Financial Position Senior Vice President and Interim CFO David Ryzhik said second-quarter revenue consisted of $132 million in systems revenue and $83 million in CS&I revenue. China accounted for 46% of total revenue, up from 40% in the prior quarter, while Korea represented 26%. Europe accounted for 11%, followed by the U.S. at 6%, Taiwan at 2%, Japan at 1%, and other regions at 8%.
The 3 Favored Machinery Stocks To Buy In AugustBookings totaled $131 million, slightly higher sequentially, and the company’s book-to-bill ratio was approximately 1.0. Axcelis ended the quarter with total backlog of $452 million.
Gross margin was 42.7%, below the company’s approximately 43% outlook because of CS&I mix and higher-than-anticipated service costs. Operating expenses were $60 million, slightly above the $59 million forecast, primarily due to higher variable compensation and fringe costs. Operating margin was 14.7%. Adjusted EBITDA was $36 million, representing a 16.7% margin. Free cash flow was $15 million, including about $6 million in cash transaction expenses associated with the pending Veeco merger. The company ended the quarter with $577 million in cash equivalents and marketable securities, including $175 million in long-term securities. Ryzhik said other income was $5 million, primarily reflecting foreign-exchange gains, while the tax rate was 11%, below the company’s 15% forecast because of a windfall benefit tied to equity compensation.
Power, Mature Nodes and Memory Trends In power semiconductors, silicon carbide revenue declined sequentially as expected because of shipment timing, but bookings improved and exceeded average levels from the prior two years during the first half. Axcelis secured orders from two new customers in China during the quarter and won orders from multiple customers for high-energy channeling applications using advanced superjunction architectures.
Low said long-term silicon carbide demand remains supported by electric vehicles, AI data-center power infrastructure and industrial applications that require greater power efficiency. He said the company expects power market activity to be stronger in the second half than in the first half, with both silicon carbide and silicon power recovering from a period of customer capacity digestion.
Axcelis also completed an evaluation of its Purion XEmax system at a leading foundry for power-management IC production. The company said the system demonstrated its ability to address high-energy implant requirements, with energies up to 15 MeV.
General mature-node sales improved sequentially, although Low said the company has not yet seen a pickup in order rates. Customers in China continue to add capacity following a digestion period that began in 2024, while Axcelis is beginning to see signs of improving activity outside China. The company cited demand for AI-related data-center products built on 28-nanometer and above process technologies, including optical connectivity products, microcontrollers and analog integrated circuits.
Mature-node applications represented about 84% of system shipments during the quarter, with memory and advanced logic making up the balance.
In advanced logic, Axcelis shipped a system early in the second quarter for a materials-modification application supporting 2-nanometer production, followed by another shipment in the third quarter for the same application.
Memory revenue declined sequentially from a strong first quarter, but management said customer engagement remained robust. Low said revenue in the segment may remain uneven until new clean-room capacity becomes available, as customers currently focus on addressing bottlenecks in existing fabs. Still, Axcelis expects strong memory revenue growth in 2026 and further growth in 2027, driven primarily by DRAM and high-bandwidth memory investments.
The company said it received additional orders from a leading North American memory manufacturer following a successful system evaluation, and also received a recent order for multiple high-current systems from another memory customer. Management said NAND activity exists but has not yet become a meaningful trend, with available fab space largely being directed toward higher-value DRAM production.
Third-Quarter and Full-Year Outlook For the third quarter, Axcelis expects revenue of approximately $230 million, supported by higher power and memory contributions and partly offset by lower general mature revenue. The company forecast gross margin of about 43%, operating expenses of approximately $62 million, adjusted EBITDA of about $41 million, a 15% tax rate and non-GAAP diluted earnings per share of approximately $1.11.
Management expects fourth-quarter revenue to increase sequentially, with gross margin improving slightly from third-quarter levels. Operating expenses are expected to rise modestly in the fourth quarter as the company continues investments in technology innovation and longer-term growth initiatives.
Low said Axcelis expects favorable demand trends to continue into 2027, including sustained memory investment, continued silicon carbide improvement and stronger conditions in general mature applications.
Regarding its pending merger with Veeco, Low said the companies continue to work through remaining requirements, including with China’s State Administration for Market Regulation. Axcelis continues to expect the transaction to close in the second half of 2026.
About Axcelis Technologies (NASDAQ:ACLS)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.
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Revenue of $215.2 million GAAP Gross Margin of 42.4%, and Non-GAAP Gross Margin of 42.7% GAAP Operating Margin of 9.4% and Non-GAAP Operating Margin of 14.7% GAAP Diluted Earnings Per Share of $0.75, and Non-GAAP Diluted Earnings Per Share of $1.06 , /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the second quarter ended June 30, 2026.
President and CEO Russell Low commented, "We executed well in the second quarter, delivering results that exceeded our forecasts driven by stronger system shipments and higher CS&I volume." Low continued, "Demand in the Memory market remains robust, and we are also benefitting from positive momentum in our Power market. In General Mature, we are encouraged by improving engagement and utilization trends as customers respond to growing end-demand in data center, industrial and automotive segments. As a result, we now expect to deliver year-over-year revenue growth in 2026, with momentum carrying through to 2027. We are focused on satisfying the remaining conditions to complete our pending merger with Veeco and look forward to closing the transaction in the second half of 2026."
Senior Vice President and Interim CFO David Ryzhik stated, "Axcelis delivered better than expected revenue and operating income in our second quarter, reflecting the attractive operating leverage in our business." Ryzhik concluded, "With improving systems demand in our markets and continued strength in our CS&I aftermarket business, we anticipate that Axcelis' financial performance will continue to improve over the balance of 2026."
Results Summary
(In thousands, except per share amounts and percentages)
Three months ended June 30,
2026
2025
Revenue
$
215,175
$
194,544
Gross margin
42.4 %
44.9 %
Operating margin
9.4 %
14.9 %
Net income
$
23,291
$
31,376
Diluted earnings per share
$
0.75
$
0.98
Non-GAAP Results
Three months ended June 30,
2026
2025
Non-GAAP gross margin
42.7 %
45.2 %
Non-GAAP operating margin
14.7 %
17.7 %
Adjusted EBITDA
$
35,972
$
38,872
Non-GAAP net income
$
32,968
$
36,013
Non-GAAP diluted earnings per share
$
1.06
$
1.13
Business Outlook
For the third quarter ending September 30, 2026, Axcelis expects revenues of approximately $230 million, GAAP earnings per diluted share of approximately $0.76, and non-GAAP earnings per share of approximately $1.11.
Please refer to Third 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.
Second Quarter 2026 Conference Call
The Company will host a call to discuss the results for the second quarter 2026 today 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.
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]
Common stock, $0.001 par value, 75,000 shares authorized; 30,881 shares issued and
outstanding at June 30, 2026; 30,717 shares issued and outstanding at December 31, 2025
31
31
Additional paid-in capital
536,152
533,309
Retained earnings
536,044
503,539
Accumulated other comprehensive loss
(6,406)
(2,202)
Total stockholders' equity
1,065,821
1,034,677
Total liabilities and stockholders' equity
$
1,386,838
$
1,361,351
Axcelis Technologies, Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Three months ended
Six months ended
June 30,
June 30,
2026
2025
2026
2025
Cash flows from operating activities
Net income
$
23,291
$
31,376
$
32,505
$
59,955
Adjustments to reconcile net income to net cash provided by operating
activities:
Depreciation and amortization
4,439
4,515
8,875
8,824
Stock-based compensation expense
6,425
5,421
11,324
10,324
Other
(645)
(9,335)
3,160
(11,017)
Change in other assets and liabilities, net
(15,137)
7,750
(19,352)
11,436
Net cash provided by operating activities
18,373
39,727
36,512
79,522
Cash flows from investing activities
Expenditures for property, plant and equipment and capitalized software
(3,554)
(1,985)
(5,393)
(6,945)
Other changes in investing activities, net
(2,543)
(2,628)
(11,343)
42,801
Net cash (used in) provided by investing activities
(6,097)
(4,613)
(16,736)
35,856
Cash flows from financing activities
Repurchase of common stock
(244)
(45,337)
(244)
(63,515)
Other changes from financing activities, net
(7,608)
(1,650)
(9,005)
(3,582)
Net cash used in financing activities
(7,852)
(46,987)
(9,249)
(67,097)
Effect of exchange rate changes on cash and cash equivalents
(252)
1,643
(976)
1,935
Net increase (decrease) in cash, cash equivalents and restricted cash
4,172
(10,230)
9,551
50,216
Cash, cash equivalents and restricted cash at beginning of period
161,457
191,510
156,078
131,064
Cash, cash equivalents and restricted cash at end of period
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, announced on October 1, 2025. Transaction and integration costs for the six months ended June 30, 2025 include $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported second quarter 2025 results, given that they occurred prior to transaction announcement on October 1, 2025.
Note 3:
Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.
Figures may not sum due to rounding.
Axcelis Technologies, Inc.
Reconciliation of Net Income to Adjusted EBITDA
(In thousands, except percentages)
Three months ended June 30,
Six months ended June 30,
2026
2025
2026
2025
Net Income
$
23,291
$
31,376
$
32,505
$
59,955
Other (income)/expense
(5,067)
(6,032)
(7,742)
(9,957)
Income tax provision
2,057
3,621
3,468
8,126
Depreciation & amortization
4,439
4,515
8,875
8,824
Subtotal
24,720
33,480
37,106
66,948
Transaction and integration1
4,827
—
15,225
481
Bad debt expense
—
—
65
—
Restructuring2
—
(29)
—
1,120
Stock-based compensation
6,425
5,421
11,324
10,324
Adjusted EBITDA
$
35,972
$
38,872
$
63,720
$
78,873
Adjusted EBITDA margin
16.7 %
20.0 %
15.4 %
20.4 %
Note 1:
Transaction and integration costs for the six months ended June 30, 2025 include $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported second quarter 2025 results, given that they occurred prior to transaction announcement on October 1, 2025.
Note 2:
Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.
Axcelis Technologies, Inc.
Third Quarter 2026 Outlook
GAAP to Non-GAAP Diluted Earnings Per Share
Three months ended
September 30, 2026
GAAP diluted EPS
$
0.76
Transaction and Integration1
0.19
Stock-based compensation
0.21
Income tax effect of non-GAAP adjustments2
(0.06)
Non-GAAP diluted EPS
$
1.11
Note 1:
Transaction and Integration costs include expenses associated with the merger agreement with Veeco Instruments, announced on October 1, 2025.
Note 2:
Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences in August:
The KBCM Technology Leadership Forum on Monday, August 10th at the Montage Deer Valley, Park City, UT. The 7th Annual Needham Virtual Semiconductor & SemiCap 1x1 Conference on Thursday, August 20th. 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]
System qualified for emerging PMIC device application requiring advanced 15 MeV implant capability
, /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today the successful Purion XEmax™ high energy implanter evaluation closure at a leading foundry. The system will be used for the production of Power Management Integrated Circuits (PMIC).
Axcelis’ Purion XEmax™ high energy implanter provides the industry’s highest beam currents over the broadest energy range — up to 15MeV. President and CEO Russell Low commented, "We're excited to be a part of this important, emerging market and the opportunity to provide the most advanced high energy ion implant technology to chipmakers to support their next generation device development. The successful evaluation closure highlights growing customer requirements for even higher energy implant recipes on advanced PMIC devices, which only the Purion XEmax provides. The system features a dual LINAC design with patented Boost Technology™ for the industry's highest energies up to 15 MeV."
Power Management Integrated Circuits (PMICs) are highly specialized semiconductors that function as the central nervous system for power in modern electronics. They consolidate multiple power control functions—such as voltage regulation, battery charging, and thermal management—into a single chip, driving efficiency and optimizing battery life in everything from smartphones to electric vehicles.
The Purion XE Series:
Our Purion XE™ Series of ion implanters have rapidly earned a reputation as the industry standard for today's demanding high energy recipes. Their unique RF Linear Accelerator (LINAC) technology offers higher reliability, a wider energy range and greater productivity than competing platforms, with superior metals contamination control. The Purion High Energy Series includes a variety of implanters allowing customers to select the optimal energy level for their application: the industry leading Purion XE; the Purion EXE™ for enhanced productivity; the Purion VXE™ for high volume and higher energy applications; the Purion XE Power Series for power devices; and, the Purion XEmax with patented Boost™ technology for metals reduction and the ultra-high energies required for next generation devices.
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]
Safe Harbor Statement
Statements made in this press release that are not of known historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. These statements, which include statements regarding our products, 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, including the risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the risk factors described in our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update the information or statements made in this press release.
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
Axcelis Technologies (ACLS - Free Report) ended the recent trading session at $134.10, demonstrating a -5.24% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
The semiconductor services company's shares have seen a decrease of 21.69% over the last month, not keeping up with the Computer and Technology sector's loss of 3.62% and the S&P 500's gain of 0.61%.
Analysts and investors alike will be keeping a close eye on the performance of Axcelis Technologies in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2026. The company is predicted to post an EPS of $0.9, indicating a 20.35% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $205.1 million, up 5.43% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.82 per share and revenue of $845.4 million, indicating changes of -21.72% and +0.76%, respectively, compared to the previous year.
Investors should also note any 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Axcelis Technologies boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Axcelis Technologies is at present trading with a Forward P/E ratio of 37.08. This valuation marks a discount compared to its industry average Forward P/E of 38.98.
Investors should also note that ACLS has a PEG ratio of 8.43 right now. 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. As of the close of trade yesterday, the Electronics - Manufacturing Machinery industry held an average PEG ratio of 4.8.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 30, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
, /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]
Allspring Global Investments Holdings LLC decreased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,536 shares of the semiconductor company’s stock after selling 7,479 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.84% of Axcelis Technologies worth $24,693,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of ACLS. UBS Group AG boosted its stake in shares of Axcelis Technologies by 67.6% during the fourth quarter. UBS Group AG now owns 213,388 shares of the semiconductor company’s stock valued at $17,144,000 after acquiring an additional 86,065 shares during the last quarter. Burney Co. acquired a new position in Axcelis Technologies in the 4th quarter valued at about $1,986,000. Peterson Wealth Services lifted its holdings in Axcelis Technologies by 1,750.8% in the 4th quarter. Peterson Wealth Services now owns 7,403 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 7,003 shares in the last quarter. ABN Amro Investment Solutions lifted its holdings in Axcelis Technologies by 42.6% in the 4th quarter. ABN Amro Investment Solutions now owns 24,798 shares of the semiconductor company’s stock valued at $1,992,000 after purchasing an additional 7,408 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Axcelis Technologies by 129.0% during the 4th quarter. Intech Investment Management LLC now owns 40,463 shares of the semiconductor company’s stock worth $3,251,000 after purchasing an additional 22,792 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets Several equities analysts recently issued reports on ACLS shares. Bank of America upped their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Monday, April 20th. Weiss Ratings lowered Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $130.25.
View Our Latest Stock Report on Axcelis Technologies
Insider Activity at Axcelis Technologies In other news, VP Todd Sutton sold 2,000 shares of Axcelis Technologies stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total value of $319,980.00. Following the transaction, the vice president directly owned 6,360 shares of the company’s stock, valued at $1,017,536.40. The trade was a 23.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Eileen Evans sold 926 shares of Axcelis Technologies stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $155.51, for a total transaction of $144,002.26. Following the transaction, the executive vice president directly owned 31,295 shares in the company, valued at approximately $4,866,685.45. This trade represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,795 shares of company stock valued at $5,344,383 over the last three months. Insiders own 0.49% of the company’s stock.
Axcelis Technologies Price Performance Axcelis Technologies stock opened at $131.70 on Tuesday. Axcelis Technologies, Inc. has a 1 year low of $65.64 and a 1 year high of $193.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. The firm has a 50 day moving average price of $158.72 and a 200 day moving average price of $120.41. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 9.66 and a beta of 1.88.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $198.96 million for the quarter, compared to the consensus estimate of $195.03 million. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. Axcelis Technologies’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Sell-side analysts predict that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.
Axcelis Technologies 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.
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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.
Axcelis Technologies (ACLS +1.67%) specializes in ion-implantation equipment used to fabricate semiconductors, including AI chips. Wafer fabrication is a mandatory step in creating AI chips, and ion implantation is a critical part of it.
This role has made Axcelis Technologies an important part of the AI boom, and the stock's price has more than doubled year to date. While recent financial results suggest caution on the surface, a closer look reveals the opportunity.
Image source: Getty Images.
Axcelis Technologies is cycling out of low growth while tapping into memory Axcelis Technologies only delivered 3% year-over-year revenue growth in Q1, which isn't really fitting for a growth stock. However, the low growth rate is due to declining sales in what it calls the "Power and General Mature" markets.
Substantial sequential growth in the memory industry helped Axcelis Technologies deliver positive year-over-year revenue growth. Memory demand has propelled Axcelis Technologies' customer support and innovation (CS&I) segment, with CEO Russell Low citing "strong sequential growth" continuing from 2025.
Axcelis Technologies' ion implantation equipment is important for AI data centers. It has competitors like Applied Materials and Lam Research, but those companies' business models are more diversified. Axcelis Technologies is practically the only pure-play ion implantation stock.
Micron Technologies' recent earnings results demonstrated that the memory industry is still hot, and that tailwind should carry over into Axcelis Technologies' Q2 results. While revenue growth is expected to be flat throughout 2026, it can change quickly in 2027 as memory demand becomes a larger share of Axcelis Technologies' total revenue. Many investors are banking on that scenario based on the stock's recent price movements.
Today's Change
(
1.67
%) $
2.90
Current Price
$
176.13
Axcelis Technologies and Veeco merging could lead to market share expansion Axcelis Technologies is a pure-play ion implantation stock, but it will expand its services portfolio through the upcoming merger with Veeco Instruments (VECO 2.09%). Veeco is also on an incredible run, with its stock more than doubling year to date amid rising demand for AI infrastructure.
Veeco provides equipment for AI infrastructure that complements ion implantation, including laser annealing, which is Veeco's fastest-growing business. The company has seen an increase in orders, including $250 million in equipment orders announced in May.
Both companies are doing well with different AI-related equipment, and combining them creates significant synergies. It's a good setup for gaining more market share and commanding higher order values.
Axcelis Technologies' financial results are about to get more exciting between the AI build-out and the upcoming merger, which is expected to close in the second half of the year. If sequential growth continues to surge and slower-growing parts of the business fall deeper into the background, this current rally has room to extend.
Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Applied Materials, Lam Research, and Micron Technology. The Motley Fool has a disclosure policy.
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.
On June 18, 2026, Axcelis Technologies Inc (ACLS) shares rose 6.8% to a current price of $187.53. The stock has experienced a remarkable price performance over
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.
Axcelis Technologies (ACLS +3.77%), a leader in semiconductor equipment, reported a sale by its VP Corporate Controller amid strong one-year stock performance.
Todd Sutton, Vice President Corporate Controller of Axcelis Technologies (ACLS +3.77%), reported the open-market sale of 2,574 shares of common stock for a total consideration of ~$422,000, according to a SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)2,574Transaction value$422,000Post-transaction shares (direct)7,817Post-transaction value (direct ownership)$1.26 millionTransaction value based on SEC Form 4 reported price ($163.89); post-transaction value based on May 14, 2026 market close ($161.64).
Key questionsHow material was this transaction relative to Todd Sutton's total direct holdings?
The sale accounted for 24.77% of Sutton's direct holdings, leaving him with 7,817 shares directly owned after the transaction, of which 5,538 are unvested RSUs subject to forfeiture.What was the market context at the time of sale?
Shares were priced at $163.89 in the transaction, and the stock has delivered a one-year total return of 152.00% as of May 14, 2026.Were any restricted or derivative securities impacted by this sale?
No derivative or indirect positions were involved.Does this transaction reflect a pattern or routine cadence?
This is Sutton's only reported sale in the available period, and the transaction size is consistent with the reduction in his total direct holdings, not a change in sale cadence.Company overviewMetricValueRevenue (TTM)$845.44 millionNet income (TTM)$100.87 millionEmployees1,5241-year price change161.4%Note: 1-year performance is calculated using June 14, 2026 as the reference date.
Company snapshotACLS Designs and manufactures ion implantation systems and related processing equipment for semiconductor fabrication; offers aftermarket lifecycle products and services including spare parts, equipment upgrades, maintenance, and training.It generates revenue primarily through direct sales of capital equipment and ongoing support services to semiconductor manufacturers.the company main customers are global semiconductor chip manufacturers operating in the United States, Europe, and Asia.Axcelis Technologies is a leading provider of ion implantation equipment and services for the semiconductor industry, serving a global customer base. The company leverages decades of engineering expertise to deliver high-performance tools that are critical to advanced chip manufacturing. Its focus on both innovative equipment and comprehensive lifecycle support strengthens its competitive position in the semiconductor capital equipment market.
What this transaction means for investorsSutton's open-market sale represents roughly a quarter of his reported direct holdings, but most of what remains are unvested RSUs subject to forfeiture — meaning his actual unrestricted position after the sale is thin. That shrinks the insider confidence signal without making it a red flag. Axcelis competes in a specialized niche where customer relationships and equipment qualification cycles create real switching costs against rivals like Applied Materials(AMAT +2.69%) — a genuine moat, though a narrow one. The bear case is cyclicality. Semiconductor capital equipment spending moves hard with industry investment cycles, and Axcelis is more exposed than the diversified equipment giants. If fab spending softens, order books tighten fast, and the stock's run over the past year reflects a strong cycle, not a re-rating of the business. After a run like this, a buy only works if you believe the cycle has more runway than the market is pricing in — that fab spending holds, backlog keeps growing, and margins don't compress. A design win at a major new fab buildout would give the stock a non-cyclical leg, but absent that, you're making a cycle call. If wafer fab equipment (WFE) spending is already rolling over, you're buying late. The stock reflects a lot of good news already. For most investors, the risk/reward after a run like this favors watching over buying. That said, I did build a small semiconductor and AI basket a couple of months ago on names I have conviction in — accepting the volatility that comes with it. If that's your approach, a small position isn't unreasonable. The semiconductor sector runs hot and corrects hard; size it accordingly.
Seena Hassouna has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Applied Materials. The Motley Fool has a disclosure policy.
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.
Axcelis' Q4 earnings suggest that the memory segment could be a major growth driver over the coming years. Axcelis' latest order from a leading North American memory maker implies that it has penetrated the three largest memory makers, exposing it to their ongoing capacity expansion projects. I'm estimating Axcelis' memory segment system sales at nearly $625 million through 2028.
, /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.
In the latest trading session, Axcelis Technologies (ACLS - Free Report) closed at $110.37, marking a +1.97% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.11%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.35%.
Shares of the semiconductor services company have appreciated by 27.07% over the course of the past month, outperforming the Computer and Technology sector's gain of 0.88%, and the S&P 500's gain of 0.51%.
The upcoming earnings release of Axcelis Technologies will be of great interest to investors. The company is forecasted to report an EPS of $0.71, showcasing a 31.73% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $195.05 million, up 1.29% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.54 per share and revenue of $840.2 million. These totals would mark changes of -27.46% and +0.14%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Axcelis Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. At present, Axcelis Technologies boasts a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Axcelis Technologies is presently being traded at a Forward P/E ratio of 30.58. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 30.58.
We can also see that ACLS currently has a PEG ratio of 10.44. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Electronics - Manufacturing Machinery industry was having an average PEG ratio of 5.77.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 68, positioning it in the top 28% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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).
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Eagle Bay Advisors LLC cut its position in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) by 72.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the semiconductor company’s stock after selling 8,295 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Axcelis Technologies were worth $257,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $25,000. Close Asset Management Ltd acquired a new position in Axcelis Technologies in the 3rd quarter valued at $27,000. Advisory Services Network LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $32,000. Caitlin John LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC grew 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 buying an additional 267 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets ACLS has been the topic of a number of research analyst reports. B. Riley Financial lowered their target price on shares of Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 22nd. Wall Street Zen lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Bank of America raised their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research note on Tuesday, January 13th. Finally, Zacks Research lowered shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $101.50.
Read Our Latest Research Report on Axcelis Technologies
Insider Buying and Selling at Axcelis Technologies In other Axcelis Technologies news, Director Jorge Titinger sold 1,000 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the director directly owned 6,477 shares in the company, valued at $518,160. This trade represents a 13.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Russell Low sold 1,244 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $94.06, for a total transaction of $117,010.64. Following the completion of the sale, the chief executive officer owned 132,282 shares in the company, valued at $12,442,444.92. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.48% of the company’s stock.
Axcelis Technologies Stock Performance NASDAQ ACLS opened at $110.74 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.77 and a quick ratio of 3.11. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 13.19 and a beta of 1.65. The company’s fifty day moving average is $89.63 and its two-hundred day moving average is $87.31. Axcelis Technologies, Inc. has a 52-week low of $43.00 and a 52-week high of $112.82.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.37. The company had revenue of $238.33 million for the quarter, compared to analyst estimates of $215.04 million. Axcelis Technologies had a net margin of 14.33% and a return on equity of 13.73%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the business posted $1.54 EPS. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.
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.
Read More 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).
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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].
On April 20, 2026, Axcelis Technologies Inc ACLS shares rose 10.3% to a current price of $131.02. This increase comes amid a significant upward trend in the stock's performance, with the price having ranged from a 52-week low of $43.00 to a high of $132.20 over the past year.
GF Value™ verdict: Current price is $131.02 vs GF Value™ of $87.15, indicating the stock is 50.3% overvalued.GF Score™: 89/100, which suggests a strong overall performance in key areas.Notable signal: Insider activity shows that insiders sold $0.3M worth of stock in the last three months with no buying reported. Is ACLS Overvalued or Undervalued? Axcelis Technologies Inc ACLS is currently trading at $131.02, a substantial premium over its GF Value™ of $87.15, which indicates that the stock is 50.3% overvalued. The GF Valuation label classifies ACLS as significantly overvalued, suggesting that investors may face risks if they enter the stock at this price point. The significant margin of safety is absent, meaning that the current valuation does not provide a buffer against potential declines in the stock price.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Given the current overvaluation, investors should consider the inherent risks of investing in a stock trading significantly above its calculated intrinsic value.
How Does ACLS's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 34.6x 18.4x Forward P/E 35.9x N/A The current P/E ratio of 34.6x is 88% above its 5-year median P/E of 18.4x, indicating that ACLS is trading at a significantly higher valuation compared to its historical averages. This analysis reinforces the GF Value™ verdict that the stock is overvalued, as the elevated P/E ratio suggests that investors are paying a premium relative to past earnings, contributing to the risk associated with its current price level.
What Does ACLS's GF Score™ Tell Us? Metric Rating GF Score™ 89/100 Financial Strength 9/10 Profitability 9/10 Growth 7/10 Valuation 5/10 Momentum 9/10 The GF Score™ of 89/100 indicates a strong overall performance for ACLS, particularly in Financial Strength and Profitability, where it scored 9/10. However, its Valuation score of 5/10 signals a potential concern, as it reflects the stock's overvaluation relative to its intrinsic value. The high Momentum score of 9/10 shows that the stock has been performing well recently, which may attract momentum investors, but the underlying valuation remains a critical factor to consider.
What Are Insiders Doing with ACLS Stock? Insider activity for Axcelis Technologies Inc has shown that insiders sold $0.3 million worth of shares over the last three months, with no insider purchases reported during this period. This selling activity may suggest a lack of confidence from insiders regarding the stock's current price level, which could be a red flag for potential investors. The absence of insider buying further emphasizes the concerns surrounding the stock's valuation.
What This Means for Investors Based on the GF Value™ assessment, Axcelis Technologies Inc ACLS is currently overvalued. The significant premium over its intrinsic value, combined with the stock's elevated P/E ratios and recent insider selling, indicates that caution should be exercised for potential investments in the company at this time.
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 has a GF Score™ of 89/100, indicating a strong overall performance in key metrics that have been associated with higher long-term returns.
Is ACLS overvalued or undervalued?
According to GF Value™, ACLS is overvalued, with its current price of $131.02 being significantly higher than the estimated fair value of $87.15.
What is ACLS's P/E ratio?
The P/E ratio for ACLS is currently 34.6x, which is substantially higher than its 5-year median P/E of 18.4x, indicating that 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.
, /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry will release financial results for the first quarter of 2026 after market close on Thursday, May 7, 2026.
The Company will host a call to discuss the results for the first quarter of 2026 on Thursday, May 7, 2026, 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.
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]
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.
, /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced today it will participate in the Advanced Semiconductor Manufacturing Conference (ASMC) taking place May 11 - 14, 2026, at the Hilton Albany in Albany, New York. ASMC brings together manufacturers, equipment and materials suppliers, and academia to solve manufacturing challenges with innovative strategies and methodologies.
Axcelis technologists and collaborators will present during the technical forum on May 13 in Session 9: Equipment Optimization, including:
MUSIC to Reduce Defects and Improve Throughput on Implants for SiC MOSFETs
Presented by HC Jayashankar, ST Microelectronics
Coauthors: Bala Subbu, Jaganathan Sampathkumar (ST Microelectronics); Leonard M. Rubin, Wanchun Zhang, James Thomas, JunSheng Chan, Dwight Roh, Fulvio Mazzamuto (Axcelis Technologies)
Analysis of Resistance Performance of High Dose Boron Doping
Presented by Bohesharvind N. Murthi, Infineon Technologies (Kulim) Pte. Ltd
Coauthors: Chea Hui Lee (Infineon Technologies); Hank Chen, Wan Chun Zhang, Leonard M. Rubin (Axcelis Technologies) Axcelis is also sponsoring ASMC's Opening Reception and the Women in Semiconductors (WiS) Conference, which is collocated with ASMC, on May 14. The WiS Conference will feature a panel discussion, "Empowerment in Action: Real Strategies for Women's Success", including Axcelis' Data Scientist Julia Okvath. The Conference and panel discussion are open to all.
"ASMC is an important forum for advancing manufacturing innovation," said Russell Low, President and CEO of Axcelis. "We are especially pleased to share our progress on MUSIC™, our new, patented Multiple Steps Implant Chain technique. This innovative technique leverages the architecture of the Axcelis Purion beamline to implant a sequence of recipes rather than running them individually, resulting in a significant throughput advantage and reduced cost per wafer."
For more information on the event, visit the conference website at https://www.semi.org/en/connect/events/advanced-semiconductor-manufacturing-conference-asmc.
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 Chief Financial Officer
Telephone: (978) 787-2352
Email: [email protected]
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]
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.
(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%.
Axcelis Technologies (ACLS - Free Report) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $1.04 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.41%. A quarter ago, it was expected that this semiconductor services company would post earnings of $1.12 per share when it actually produced earnings of $1.49, delivering a surprise of +33.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Axcelis, which belongs to the Zacks Electronics - Manufacturing Machinery industry, posted revenues of $198.96 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.00%. This compares to year-ago revenues of $192.56 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Axcelis shares have added about 112.9% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Axcelis?While Axcelis has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Axcelis was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $204.4 million in revenues for the coming quarter and $3.54 on $840.2 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Manufacturing Machinery is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
ZoomInfo (GTM - Free Report) , another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 11.
This company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of +13%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
ZoomInfo's revenues are expected to be $307.63 million, up 0.6% from the year-ago quarter.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences:
The J.P. Morgan 2026 Global Technology, Media and Communications Conference on May 18th at the Westin Boston Seaport District. The 26th Annual B. Riley Investor Conference on Wednesday, May 20th at the Ritz-Carlton, Marina del Rey, CA. The Stifel 9th Annual Cross Sector Conference on Tuesday, June 2nd at the InterContinental Boston Hotel. The Bank of America Global Technology Conference on Wednesday, June 3rd at the Westin St. Francis Hotel, San Francisco, CA. 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]
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.
Vice President and Corporate Controller Todd Sutton reported the sale of 2,000 shares of Axcelis Technologies (ACLS +5.05%) on May 27, 2026, in an open-market transaction as disclosed in the SEC Form 4 filing.
Transaction summaryMetricValueShares sold (direct)2,000Transaction value$319,980Post-transaction shares (direct)6,360Post-transaction value (direct ownership)$1.0 millionTransaction and post-transaction values based on SEC Form 4 reported price ($159.99).
Key questionsHow does this sale compare to Sutton's prior activity?
This is the second open-market sale in the past quarter, both sized between 2,000 and 2,574 shares, reflecting a pattern of sizable but not outlier dispositions relative to available holdings.What proportion of Sutton's remaining equity stake does this represent?
The transaction reduced direct ownership by 23.92%, leaving 6,360 shares.Were any indirect or derivative interests involved in this filing?
No; the filing covers only directly held common shares, with no activity in trusts, LLCs, or option-derived holdings.Is this trading activity being driven by liquidity needs or strategic repositioning?
With holdings declining by over 40% since March and trade sizes matching available capacity, the cadence indicates portfolio management rather than an abrupt strategic shift.Company overviewMetricValuePrice (as of market close May 27, 2026)$159.91Revenue (TTM)$845.44 millionNet income (TTM)$100.87 million1-year price change166.97%*1-year price change calculated using May 27, 2026 as the reference date.
Company snapshotAxcelis Technologies designs, manufactures, and services ion implantation and semiconductor processing equipment, including high energy, high current, and medium current implanters, as well as aftermarket lifecycle products and services.It generates revenue primarily through direct sales of equipment and aftermarket services to semiconductor chip manufacturers.Main customers are semiconductor chip manufacturers operating in the United States, Europe, and Asia.Axcelis Technologies is a leading provider of ion implantation and processing equipment for the semiconductor industry, serving a global customer base. The company leverages decades of engineering expertise to deliver advanced solutions that enable chip manufacturers to produce next-generation semiconductor devices.
Its focus on both new equipment sales and aftermarket services provides diversified revenue streams and supports long-term customer relationships.
What this transaction means for investorsTodd Sutton’s May 27 sale of 2,000 company shares came at a time when Axcelis Technologies stock was up, having reached a 52-week high of $171.61 on May 6. His disposition was likely to capitalize on the share price increase, which hasn’t seen this level since 2023.
With Axcelis stock sporting a price-to-earnings ratio of 47, a high point over the past year, this suggests now is a good time to sell. Shares are elevated because the company reported first quarter sales of $199 million, up from the prior year’s $192.6 million, and forecasted further growth in the second quarter. It anticipates Q2 revenue of about $205 million, which is an increase from the $194.5 million earned in 2025.
Even though the semiconductor industry is experiencing massive growth due to artificial intelligence, and Axcelis Technologies provides essential technology for the manufacturing of AI chips, the company anticipates 2026 revenue will remain essentially flat compared to 2025. Growth in its memory segment is expected to be offset by lower demand in its other divisions.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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.
Investors in Axcelis Technologies, Inc. (ACLS - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the June 18, 2026 $115.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?Clearly, options traders are pricing in a big move for Axcelis shares, but what is the fundamental picture for the company? Currently, Axcelis is a Zacks Rank #3 (Hold) in the Electronics - Manufacturing Machinery industry that ranks in the Top 2% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 78 cents per share to 90 cents in that period.
Given the way analysts feel about Axcelis right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
