Saturday 17 October 2026 Export ACLS’s income statement to Excel — free account

Axcelis Technologies, Inc.

ACLS Technology Semiconductor Equipment & Materials

Axcelis Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $839.0 million, down 17.6% from fiscal 2024. In the quarter to June 2026, revenue grew 10.6%, EPS fell 23.2%, free cash flow fell 60.7% and total debt fell 4.14%, each against the same quarter a year earlier.

108.35 6.76 −5.87%

Follow ACLS

Alert me

Market cap: $3.6B
P/E: 36.1×
Fwd P/E: 59.9×
Dividend yield: —
F-score: 5/9
Altman Z: 6.74
Beneish M: −2.30
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 6.42

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	1	1	1	15	2	—	—	—	—

Insider Ownership 1.09%

Capital & Financial Ratios $m

Market Cap 3,550.00

Revenue 866.07

Net Income 92.79

Free Cash Flow 65.55

Net Debt (362.37)

Current Ratio 4.90

Debt/Equity 0.04

P/E ratio 36.12

Fwd P/E 59.90

P/S ratio 3.85

P/B ratio 3.13

Past 5Y EPS Growth 21.08%

This Y EPS Growth (15.86%)

Next Y EPS Growth 28.30%

Next Y revenue growth 5.30%

Next 5Y EPS Growth 19.03%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 84.92%

10-year low 10-year high

P/S against its own 10 years 85.29%

10-year low 10-year high

P/B against its own 10 years 63.99%

10-year low 10-year high

EV/Sales against its own 10 years 85.11%

10-year low 10-year high

EV/FCF against its own 10 years 95.11%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	506	571	374	402
Receivables	218	203	168	154
Inventory	306	282	329	338
Other	—	—	—	—
	1,080	1,124	943	980

	2023	2024	2025	Q'26
Payables	54	47	42	59
ST’ Debt	—	—	—	—
Other	27	39	43	35
	285	208	198	200

Compound Annual Growth %

	10y	5y	3y
Sales	10.78%	12.07%	(3.02%)
Cash Flow	20.54%	11.16%	(18.13%)
Earnings	23.41%	19.19%	(13.08%)
Book Value	18.87%	16.53%	15.75%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	199	215	—	—	—
’25	193	195	214	238	839
’24	252	257	257	252	1,018
’23	254	274	292	310	1,131
’22	204	221	229	266	920
’21	133	147	177	206	662
’20	119	123	110	122	475

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	18	18	—	—	—
’25	40	40	45	(7)	118
’24	42	40	46	13	141
’23	35	33	24	66	157
’22	26	3	64	122	216
’21	15	31	66	38	150
’20	40	17	19	(6)	70

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	16	15	—	—	—
’25	35	38	43	(9)	107
’24	41	38	42	8	129
’23	32	30	19	55	136
’22	24	2	60	119	205
’21	14	30	63	35	141
’20	38	15	17	(8)	62

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.30	0.75	—	—	—
’25	0.88	0.98	0.83	1.10	3.80
’24	1.57	1.55	1.49	1.54	6.15
’23	1.43	1.86	1.99	2.15	7.43
’22	1.22	1.32	1.21	1.71	5.46
’21	0.48	0.55	0.81	1.05	2.88
’20	0.33	0.39	0.32	0.43	1.46

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	7.16	14.00	15.46	13.99	12.99	28.45	46.41	76.97	68.23	40.40	Analyst estimates 2026–2028 Powerpack
	High	14.68	37.05	31.60	25.00	31.50	75.40	88.73	201.00	158.61	102.93
People
People	Employees	845	985	1,079	1,009	1,048	1,195	1,485	1,704	1,563	1,515
	Revenue/emp, $m	0.32	0.42	0.41	0.34	0.45	0.55	0.62	0.66	0.65	0.55
Income, $m
Income, $m	Revenue	267	411	443	343	475	662	920	1,131	1,018	839
	Gross margin, %	37.31	36.60	40.59	42.03	41.85	43.24	43.67	43.45	44.67	44.91
	EBT	11	44	55	21	56	120	205	279	230	138
	EBT margin, %	4.13	10.68	12.36	6.10	11.78	18.18	22.27	24.64	22.62	16.48
	Net income	11	127	46	17	50	99	183	246	201	120
	Depreciation	4	5	6	8	10	11	12	1	3	13
Per share, $
Per share, $	Revenue	9.14	13.30	13.71	10.53	14.27	19.74	27.84	34.51	31.27	26.57
	Earnings	0.38	4.11	1.42	0.52	1.50	2.94	5.54	7.52	6.17	3.81
	Cash flow	(0.30)	1.82	1.45	(0.42)	2.10	4.48	6.53	4.79	4.33	3.75
	Capex	(0.08)	(0.24)	(0.15)	(0.37)	(0.22)	(0.26)	(0.32)	(0.63)	(0.37)	(0.36)
	Free cash flow	(0.38)	1.59	1.31	(0.79)	1.88	4.22	6.20	4.16	3.95	3.39
	Book value	6.90	11.46	12.65	12.88	14.48	16.06	20.19	26.40	31.11	32.77
	Shares, m	29	31	32	33	33	34	33	33	33	32
Valuation, ×
Valuation, ×	P/E	37.24	7.31	12.54	45.47	19.41	25.36	14.09	16.59	11.32	21.03
	P/S	1.55	2.22	1.30	2.29	2.04	3.78	2.81	3.61	2.23	3.02
	P/B	2.05	2.58	1.41	1.87	2.01	4.64	3.87	4.72	2.25	2.45
	EV/Sales	1.39	1.96	1.04	2.06	1.74	3.42	2.40	3.22	1.73	2.64
	EV/FCF	(33.61)	16.45	10.86	(27.68)	13.24	16.03	10.79	26.71	13.68	20.72
Cash, $m
Cash, $m	Operating cash flow	(9)	56	47	(14)	70	150	216	157	141	118
	Capex	(2)	(7)	(5)	(12)	(7)	(9)	(11)	(21)	(12)	(11)
	Free cash flow	(11)	49	42	(26)	62	141	205	136	129	107
Balance, $m
Balance, $m	Working capital	193	260	312	307	386	469	630	795	916	746
	Total debt	48	48	48	48	47	46	45	44	42	41
	Net debt	(23)	(86)	(130)	(92)	(156)	(249)	(387)	(462)	(529)	(333)
	Shareholders’ equity	201	354	408	419	482	539	667	865	1,013	1,035
Returns, %
Returns, %	ROA	3.77	32.12	8.85	3.11	8.52	14.32	20.72	21.46	15.28	8.87
	ROIC	5.83	11.19	13.48	4.62	11.14	27.40	47.36	41.28	27.23	10.64
	ROE	5.71	45.75	12.04	4.12	11.09	19.33	30.36	32.15	21.41	11.75

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
KLIC Kulicke and Soffa Industries, Inc.	$4.4B	35.6×	34.7×	+122.63% (above 0%: growing)	n/m	+856.72% (above 0%: growing)	47.80%	20.66%	Compare
ACMR ACM Research, Inc.	$4.1B	23.6×	36.3×	+36.01% (above 0%: growing)	+178.72% (above 0%: growing)	−19.43% (below 0%: shrinking)	45.96%	16.98%	Compare
AXTI AXT Inc	$3.8B	1,716×	379×	+164.77% (above 0%: growing)	n/m	+173.29% (above 0%: growing)	44.90%	21.90%	Compare
ACLS Axcelis Technologies, Inc.	$3.6B	36.1×	59.9×	+10.60% (above 0%: growing)	−23.23% (below 0%: shrinking)	−60.74% (below 0%: shrinking)	42.38%	9.43%
IPGP IPG Photonics Corporation	$3.1B	108×	82.3×	+11.11% (above 0%: growing)	−25.00% (below 0%: shrinking)	+200.46% (above 0%: growing)	40.39%	1.63%	Compare
AMBA Ambarella, Inc.	$2.8B	— (loss-making)	— (loss-making)	+13.21% (above 0%: growing)	n/m	−612.08% (below 0%: shrinking)	57.73%	(7.53%)	Compare
VECO Veeco Instruments Inc.	$2.8B	113×	57.6×	+16.48% (above 0%: growing)	−5.00% (below 0%: shrinking)	+776.15% (above 0%: growing)	38.68%	6.13%	Compare
COHU Cohu, Inc.	$2.6B	— (loss-making)	— (loss-making)	+38.37% (above 0%: growing)	n/m	−39.36% (below 0%: shrinking)	45.36%	0.20%	Compare
UCTT Ultra Clean Holdings, Inc.	$2.5B	— (loss-making)	98.9×	+24.31% (above 0%: growing)	n/m	−558.40% (below 0%: shrinking)	16.08%	4.57%	Compare
Median of peers	$3.0B	108×	70.0×	+30.16%	−5.00%	+76.93%	45.13%	5.35%

All 29 Semiconductor Equipment & Materials stocks →

Axcelis Technologies, Inc. (ACLS) key facts

Concern: Axcelis Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $839.0 million, down 17.6% from fiscal 2024.
Axcelis Technologies, Inc. (ACLS) is a Semiconductor Equipment & Materials company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, ACLS traded at $108.35, a market capitalization of $3.6 billion.
Return on equity was 11.8% and debt-to-equity 0.04.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 6.74 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.