Axcelis Q2 EPS beats estimates

Axcelis Technologies

06/08/2026 12:18

Overview
U.S. semiconductor equipment maker's Q2 revenue rose
Adjusted EPS for Q2 beat analyst expectations
Company cites stronger system shipments and higher CS&I volume as drivers for results

Outlook
Axcelis expects Q3 2026 revenue of approximately $230 mln
Company forecasts Q3 2026 GAAP diluted EPS of about $0.76 and non-GAAP EPS of $1.11
Axcelis expects year-over-year revenue growth in 2026 with momentum carrying into 2027

Result Drivers
SYSTEM SHIPMENTS - Co said stronger system shipments contributed to Q2 results
MEMORY MARKET DEMAND - Co cited robust demand in the Memory market as a driver
AFTERMARKET BUSINESS - Co said higher CS&I (Customer Support and Innovation) volume supported results

Company press release: ID:nPn83xkJSa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$1.06
$0.89 (5 Analysts)
Q2 EPS
 
$0.75
 
Q2 Net Income
 
$23.29 mln
 
Q2 Gross Profit
 
$91.19 mln
 
Q2 Operating Profit
 
$20.28 mln
 
Q2 Pretax Profit
 
$25.35 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."
Wall Street's median 12-month price target for Axcelis Technologies, Inc. is $164.50, about 20.4% above its August 5 closing price of $136.67
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 35 three months ago

Reuters Recommended Reads
Aug 5 - Veeco Instruments Q2 revenue beats estimates on AI-driven demand
Aug 5 - Amtech Systems Q3 revenue beats estimates on AI equipment demand
Aug 3 - Advanced Energy Q2 revenue beats estimates on semiconductor demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)