Pricing Log in Create free account
Friday 6 November 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.

Revenue
+11.3%
EPS
+47.0%
Free cash flow
−13.0%
Total debt
−4.37%

Quarter to September 2026, against a year earlier

99.34 9.34 +10.38%
Market cap
$2.8B
P/E
26.6×
Fwd P/E
35.3×
Dividend yield
—
F-score
5/9
Altman Z
6.74
Beneish M
−2.30
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 6.42
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 1 1 1 15 2 — — — — —
Insider Ownership 1.33%

Capital & Financial Ratios $m

Size
Market Cap 2,780.00
Revenue ttm 890.24
Net income ttm 104.56
Free cash flow ttm 59.93
Net debt Q (432.99)
Valuation
P/E 26.59
Forward P/E 35.30 (above 35: high)
Price / sales 3.13
Forward P/S Powerpack
Price / FCF 46.45
Price / book 2.50
Financial health
Current ratio Q 4.43 (at or above 1.5: strong)
Debt / equity Q 0.04 (at or below 0.5: strong)
Interest coverage Q 13.95
Growth
Revenue growth Q +11.31% (above 0%: growing)
Operating income growth Q +9.28% (above 0%: growing)
EPS, this year −10.45% (below 0%: weak)
EPS, next year A +32.36% (at or above 15%: strong)
Revenue, next year A +5.30%
EPS, past 5 yrs +21.08% (at or above 15%: strong)
EPS, next 5 yrs A +22.72% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.7×, against a ten-year median of 2.1×; over the ten years it ranged from 0.8× in 2016 to 6.3× in 2026.
P/E against its own 10 years 72.68%
10-year low 10-year high
P/S against its own 10 years 71.87%
10-year low 10-year high
P/B against its own 10 years 47.30%
10-year low 10-year high
EV/Sales against its own 10 years 69.23%
10-year low 10-year high
EV/FCF against its own 10 years 93.61%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 506 571 374 472
Receivables 218 203 168 155
Inventory 306 282 329 376
Other — — — —
1,080 1,124 943 1,100
2023 2024 2025 Q'26
Payables 54 47 42 79
ST’ Debt — — — —
Other 27 39 43 38
285 208 198 248

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%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.90 Actual 1.06

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.01 1.21 Beat by 0.20
Q4 FY25 1.12 1.49 Beat by 0.37
Q1 FY26 0.71 0.72 Beat by 0.01
Q2 FY26 0.90 1.06 Beat by 0.16
Q3 FY26 1.11 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.30 0.75 1.21 — —
’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.

Revenue $m

Mar Jun Sep Dec Year
’26 199 215 238 — —
’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 40 — —
’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 38 — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 267 411 443 343 475 662 920 1,131 1,018 839 890 +13.6% 884 989 1,246 +14.1%
Gross margin, % 37.31 36.60 40.59 42.03 41.85 43.24 43.67 43.45 44.67 44.91 42.81 +7.6 pt
EBT 11 44 55 21 56 120 205 279 230 138 112 +32.4%
EBT margin, % 4.13 10.68 12.36 6.10 11.78 18.18 22.27 24.64 22.62 16.48 12.58 +12.4 pt
Net income 11 127 46 17 50 99 183 246 201 120 105 +30.4%
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 28.83 +12.6%
Earnings 0.38 4.11 1.42 0.52 1.50 2.94 5.54 7.52 6.17 3.81 3.39 +29.2%
Cash flow (0.30) 1.82 1.45 (0.42) 2.10 4.48 6.53 4.79 4.33 3.75 2.27 n/m
Capex (0.08) (0.24) (0.15) (0.37) (0.22) (0.26) (0.32) (0.63) (0.37) (0.36) (0.33) +18.7%
Free cash flow (0.38) 1.59 1.31 (0.79) 1.88 4.22 6.20 4.16 3.95 3.39 1.94 n/m
Book value 6.90 11.46 12.65 12.88 14.48 16.06 20.19 26.40 31.11 32.77 36.05 +18.9%
Shares, m 29 31 32 33 33 34 33 33 33 32 31 +0.9%
Valuation, ×
Valuation, × P/E 37.24 7.31 12.54 45.47 19.41 25.36 14.09 16.59 11.32 21.03 26.59 21.0
P/S 1.55 2.22 1.30 2.29 2.04 3.78 2.81 3.61 2.23 3.02 3.13 2.5
P/B 2.05 2.58 1.41 1.87 2.01 4.64 3.87 4.72 2.25 2.45 2.50 2.8
EV/Sales 1.39 1.96 1.04 2.06 1.74 3.42 2.40 3.22 1.73 2.64 2.66 2.2
EV/FCF (33.61) 16.45 10.86 (27.68) 13.24 16.03 10.79 26.71 13.68 20.72 39.47 6.7
Cash, $m
Cash, $m Operating cash flow (9) 56 47 (14) 70 150 216 157 141 118 70 n/m
Capex (2) (7) (5) (12) (7) (9) (11) (21) (12) (11) (10) +19.7%
Free cash flow (11) 49 42 (26) 62 141 205 136 129 107 60 n/m
Balance, $m
Balance, $m Working capital 193 260 312 307 386 469 630 795 916 746 852 +16.2%
Net debt (23) (86) (130) (92) (156) (249) (387) (462) (529) (333) (433) +34.5%
Shareholders’ equity 201 354 408 419 482 539 667 865 1,013 1,035 1,113 +19.9%
Returns, %
Returns, % ROA 3.77 32.12 8.85 3.11 8.52 14.32 20.72 21.46 15.28 8.87 7.39 +5.1 pt
ROIC 5.83 11.19 13.48 4.62 11.14 27.40 47.36 41.28 27.23 10.64 8.43 +4.8 pt
ROE 5.71 45.75 12.04 4.12 11.09 19.33 30.36 32.15 21.41 11.75 9.80 +6.0 pt
People
People Employees 845 985 1,079 1,009 1,048 1,195 1,485 1,704 1,563 1,515 — +6.7%
Revenue/emp, $m 0.32 0.42 0.41 0.34 0.45 0.55 0.62 0.66 0.65 0.55 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Axcelis Technologies, Inc. vs peers in Semiconductor Equipment & Materials (Q) = latest quarter vs a year earlier

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. $3.1B 27.4× 22.1× +122.63% (above 0%: growing) n/m +856.72% (above 0%: growing) 47.80% 20.66% Compare
ACLS Axcelis Technologies, Inc. $2.8B 26.6× 35.3× +11.31% (above 0%: growing) +46.99% (above 0%: growing) −12.96% (below 0%: shrinking) 40.97% 11.50%
ACMR ACM Research, Inc. $2.7B 17.8× 16.8× +36.01% (above 0%: growing) +178.72% (above 0%: growing) −19.43% (below 0%: shrinking) 45.96% 16.98% Compare
IPGP IPG Photonics Corporation $2.6B 65.0× 65.8× +14.64% (above 0%: growing) +164.83% (above 0%: growing) +105.15% (above 0%: growing) 40.71% 7.23% Compare
AMBA Ambarella, Inc. $2.4B — (loss-making) — (loss-making) +13.21% (above 0%: growing) n/m −612.08% (below 0%: shrinking) 57.73% (7.53%) Compare
AXTI AXT Inc $2.4B 70.3× 49.2× +162.60% (above 0%: growing) n/m +173.29% (above 0%: growing) 55.98% 38.72% Compare
VECO Veeco Instruments Inc. $2.0B 80.7× 43.4× +26.23% (above 0%: growing) +22.22% (above 0%: growing) +313.69% (above 0%: growing) 38.39% 6.73% Compare
UCTT Ultra Clean Holdings, Inc. $1.8B 60.9× 30.1× +48.82% (above 0%: growing) n/m −692.31% (below 0%: shrinking) 16.92% 7.08% Compare
COHU Cohu, Inc. $1.7B — (loss-making) 353× +37.00% (above 0%: growing) n/m +116.61% (above 0%: growing) 45.51% 7.40% Compare
Median of peers $2.4B 62.9× 43.4× +36.51% +164.83% +110.88% 45.74% 7.31%

All 30 Semiconductor Equipment & Materials stocks →

Pay and ownership Proxy statement filed 31 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.10m 6.44m 275.89
2024 4.29m 1.62m 289.92
2023 4.14m 6.51m 538.13
2022 1.46m 1.75m 329.34
2021 1.42m 3.66m 309.38

Ownership

Directors and executive officers, together less than 1%
50 Hudson Yards, New York, NY 16.00%
100 Vanguard Blvd., Malvern, PA 14.30%
11090 N Weston Drive, Mequon, WI 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Axcelis Technologies, Inc. (ACLS) Latest News

5 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · Moby
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Associated Press
Impact 3 · · PR Newswire

29 Oct

Impact 3 · · Zacks

27 Oct

Impact 4 · · PR Newswire

25 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

24 Oct

Impact 4 · · Simply Wall St.

23 Oct

Impact 3 · · Zacks

20 Oct

Impact 4 · · PR Newswire
Impact 4 · · PR Newswire

16 Oct

Impact 3 · · Zacks

5 Oct

Impact 3 · · Zacks

30 Sep

Impact 4 ·

28 Sep

Impact 4 · · Insider Monkey

22 Sep

Impact 3 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 ·

21 Sep

Impact 3 · · PR Newswire

16 Sep

Impact 4 ·
Impact 3 ·

8 Sep

Impact 4 ·
Impact 4 ·

3 Sep

Impact 3 ·

25 Aug

Impact 3 ·

13 Aug

Impact 3 · · The Motley Fool transcript

6 Aug

Impact 3 ·

ACLS metrics, ten years each

stockrow.com/ACLS · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com