Axcelis Technologies Q1 revenue rises, beats analyst estimates

Axcelis Technologies

07/05/2026 21:44

Overview

Semiconductor equipment maker's Q1 revenue rose, beating analyst expectations

Adjusted EPS for Q1 beat consensus

Company expects 2026 revenue to be flat versus 2025 as memory growth offsets other declines

Outlook

Axcelis expects Q2 2026 revenue of approximately $205 mln

Company sees Q2 2026 GAAP diluted EPS of about $0.57 and non-GAAP EPS of $0.90

Axcelis anticipates 2026 revenue will be relatively flat versus 2025

Result Drivers

MEMORY SEGMENT GROWTH - Co said Q1 results benefited from meaningful acceleration in Memory, especially DRAM and HBM

CS&I BUSINESS - Strength in Customer Support and Innovation business contributed to results, per CEO Russell Low

MATURE MARKETS DIGESTION - Growth in Memory was offset by continued digestion of capacity in Power and General Mature markets

Company press release: ID:nPn5tSyXqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$198.96 mln
$195.03 mln (6 Analysts)
Q1 Adjusted EPS
Beat
$0.72
$0.71 (6 Analysts)
Q1 EPS
$0.30
Q1 Net Income
$9.21 mln
Q1 Gross Profit
$80.58 mln
Q1 Operating Profit
$7.95 mln
Q1 Pretax Profit
$10.63 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 $119.79, about 30% below its May 6 closing price of $171.00

The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 20 three months ago

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.)