Axcelis Q3 revenue beats estimates

Axcelis Technologies

04/11/2025 12:09

Overview

Axcelis Q3 revenue of $213.6 mln beats analyst expectations

Adjusted EPS of $1.21 for Q3 exceeds consensus estimates

Company announces merger with Veeco Instruments to drive future growth

Outlook

Axcelis expects Q4 2025 revenue of approximately $215 mln

Company projects Q4 2025 GAAP EPS of approximately $0.76

Axcelis forecasts Q4 2025 non-GAAP EPS of approximately $1.12

Merger expected to capitalize on AI and electrification trends

Result Drivers

AFTERMARKET STRATEGY - Record CS&I revenue attributed to successful aftermarket strategy and expansion of installed base

COST MANAGEMENT - Disciplined cost controls helped navigate cyclical market conditions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$213.61 mln
$200.10 mln (8 Analysts)
Q3 Adjusted EPS
Beat
$1.21
$1 (8 Analysts)
Q3 EPS
$0.83
Q3 Net Income
$25.98 mln
Q3 Gross Profit
$88.80 mln
Q3 Operating Profit
$25.02 mln
Q3 Pretax Profit
$30.15 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "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 $100.00, about 17.3% above its November 3 closing price of $82.74

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn8vlTMTa

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