Brief: Axcelis Technologies Q2 Revenue USD 194.544 Million Vs. IBES Estimate USD 185.1 Million

Axcelis Technologies

05/08/2025 12:01

Overview

Axcelis Q2 revenue of $194.5 mln beats analyst expectations, per LSEG data

Adjusted EPS of $1.13 surpasses consensus estimates, per LSEG data

Company repurchased $45 mln in shares, reflecting confidence in business fundamentals

Outlook

Axcelis expects Q3 revenue of approximately $200 mln

Company forecasts Q3 GAAP EPS of approximately $0.87

Axcelis projects Q3 non-GAAP EPS of approximately $1.00

Result Drivers

DISCIPLINED COST CONTROL - Axcelis attributes strong profitability and cash flow to disciplined cost control and favorable product mix, per CFO Jamie Coogan

CUSTOMER ENGAGEMENT - Co deepening customer engagement and expanding footprint in high-value applications, per CEO Russell Low

CS&I MOMENTUM - Continued momentum in CS&I business supported by growing installed base, per CEO Russell Low

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$194.54 mln
$185.10 mln (8 Analysts)
Q2 Adjusted EPS
Beat
$1.13
$0.73 (7 Analysts)
Q2 EPS
$0.98
Q2 Net Income
$31.38 mln
Q2 Gross Profit
$87.34 mln
Q2 Operating Profit
$28.96 mln
Q2 Pretax Profit
$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", 6 "hold" and no "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 $75.00, about 5.5% above its August 4 closing price of $70.88

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn4vVmJ6a

(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.)