Axcelis Technologies, Inc. (ACLS) News & EventsACLSNews & EventsAxcelis Technologies, Inc.

Sees Q3 Revenue at $230M, Consensus $214.77M

Sees Q3 revenue $230M, consensus $214.77M

Q2 Revenue Reaches $215.2M, Exceeds Expectations

Reports Q2 revenue $215.2M, consensus $205.04M. 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."

Axcelis Stock Drops 15.1% to $151.35

Axcelis is down -15.1%, or -$26.98 to $151.35.