Axcelis Technologies (Nasdaq: ACLS) Q2 2026 revenue hits $215.2M, EPS $0.75

Rhea-AI Filing Summary

Axcelis Technologies reported Q2 2026 revenue of $215.2 million, exceeding its internal forecasts on stronger system shipments and higher CS&I volume. GAAP gross margin was 42.4% and operating margin 9.4%. Net income was $23.3 million, with GAAP diluted EPS of $0.75, both lower than a year earlier.

Non-GAAP gross margin was 42.7% and non-GAAP operating margin 14.7%. Non-GAAP diluted EPS was $1.06, and Adjusted EBITDA was $35,972 (in thousands). Management highlighted robust demand in Memory and positive momentum in Power, with improving trends in General Mature markets.

For Q3 2026, Axcelis expects revenue of approximately $230 million, GAAP diluted EPS of about $0.76, and non-GAAP diluted EPS of about $1.11. As of June 30, 2026, cash and cash equivalents were $154,996 (in thousands) and short-term investments $247,220 (in thousands), supporting total assets of $1,386,838 (in thousands). The company is working to satisfy remaining conditions to complete its pending merger with Veeco in the second half of 2026.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Revenue Q2 2026: $215,175 (in thousands) Net income Q2 2026: $23,291 (in thousands) GAAP diluted EPS Q2 2026: $0.75 +5 more

8 metrics

Revenue Q2 2026 $215,175 (in thousands) Three months ended June 30, 2026

Net income Q2 2026 $23,291 (in thousands) Three months ended June 30, 2026

GAAP diluted EPS Q2 2026 $0.75 Three months ended June 30, 2026

Non-GAAP diluted EPS Q2 2026 $1.06 Three months ended June 30, 2026

Adjusted EBITDA Q2 2026 $35,972 (in thousands) Three months ended June 30, 2026

Q3 2026 revenue outlook $230 million Guidance for three months ending September 30, 2026

Cash and cash equivalents $154,996 (in thousands) As of June 30, 2026

Total assets $1,386,838 (in thousands) As of June 30, 2026

Key Terms

Adjusted EBITDA, non-GAAP diluted earnings per share, deferred revenue, transaction and integration costs, +1 more

5 terms

Adjusted EBITDA financial

"Reconciliation of Net Income to Adjusted EBITDA (In thousands, except percentages)"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP diluted earnings per share financial

"Non-GAAP diluted earnings per share $ 1.06"

Non-GAAP diluted earnings per share is a company’s per-share profit figure that starts with reported net income but then removes or alters certain items (like one-time charges, stock-based pay, or other adjustments) and divides by the number of shares after accounting for things that could dilute ownership. Investors use it as a “cleaned-up” measure to judge ongoing profit on a per-share basis, but because companies choose what to adjust, it can be more subjective than the standard GAAP metric—like comparing a regular bank statement to one that omits irregular expenses to show a steadier month-to-month picture.

deferred revenue financial

"Deferred revenue 81,679 65,494"

Cash a company has already received for goods or services it has promised but not yet delivered; it's recorded as a liability because the company still owes that product, service, or future revenue recognition. For investors, deferred revenue signals upcoming work or deliveries that will convert into reported sales over time and affects short-term obligations, cash flow quality, and how quickly a firm can grow recognized revenue—think of it like prepaid subscriptions or gift cards a business must honor later.

transaction and integration costs financial

"transaction and integration costs associated with the merger agreement"

ion implantation systems technical

"life cycle support of ion implantation systems, one of the most critical"

Earnings Snapshot

Revenue: $215,175 (in thousands) · Guidance included

Three months ended June 30, 2026

Revenue $215,175 (in thousands) Higher than the three months ended June 30, 2025

Net income $23,291 (in thousands) Lower than the three months ended June 30, 2025

GAAP diluted EPS $0.75 Down from $0.98 in the three months ended June 30, 2025

Non-GAAP diluted EPS $1.06 Down from $1.13 in the three months ended June 30, 2025

Guidance

For Q3 2026, Axcelis expects revenue of approximately $230 million, GAAP diluted EPS of approximately $0.76, and non-GAAP diluted EPS of approximately $1.11.

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Available on EDGAR 08/06/2026 - 08:42 AM Accepted by SEC EDGAR 08/06/2026 - 08:41 AM Learn about SEC filing dates

FAQ

How did Axcelis Technologies (ACLS) perform in Q2 2026?

Axcelis generated Q2 2026 revenue of $215.2 million, with GAAP diluted EPS of $0.75 and non-GAAP diluted EPS of $1.06. GAAP gross margin was 42.4% and non-GAAP gross margin 42.7%, reflecting solid profitability on higher system and CS&I volumes.

How did Axcelis (ACLS) Q2 2026 results compare with Q2 2025?

Revenue increased year over year, while profitability eased. Net income was $23.3 million versus $31.4 million in Q2 2025, and GAAP diluted EPS was $0.75 versus $0.98. Non-GAAP diluted EPS was $1.06 compared with $1.13 a year earlier.

What guidance did Axcelis Technologies (ACLS) give for Q3 2026?

For Q3 2026, Axcelis expects revenue of approximately $230 million, GAAP earnings per diluted share of about $0.76, and non-GAAP diluted EPS of about $1.11. This outlook reflects continued systems demand and strength in the CS&I aftermarket business.

Which non-GAAP metrics does Axcelis (ACLS) emphasize in its Q2 2026 report?

Axcelis highlights non-GAAP gross margin of 42.7%, non-GAAP operating margin of 14.7%, non-GAAP diluted EPS of $1.06, and Adjusted EBITDA of $35,972 (in thousands). Adjustments primarily remove stock-based compensation, restructuring items, and transaction and integration costs related to the Veeco merger.

What markets are driving Axcelis Technologies (ACLS) demand and outlook?

Management reports robust demand in Memory and positive momentum in Power, with improving engagement and utilization in General Mature markets. They now expect year-over-year revenue growth in 2026, with momentum carrying into 2027, supported by data center, industrial and automotive end-demand.

What is the status of Axcelis (ACLS) pending merger with Veeco Instruments?

Axcelis states it is focused on satisfying remaining conditions to complete its pending merger with Veeco and expects closing in the second half of 2026. Transaction and integration costs associated with this merger are excluded from several non-GAAP metrics.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2026

Axcelis Technologies, Inc.

(Exact name of registrant as specified in its charter)

Delaware		000-30941		34-1818596
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

108 Cherry Hill Drive, Beverly, Massachusetts		01915
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (978) 787-4000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	ACLS	NASDAQ Global Select Market

Item 2.02 Results of Operations and Financial Condition 

On August 6, 2026, Axcelis Technologies, Inc. (the “Company”) issued a press release regarding its financial results for its quarter ended June 30, 2026. The Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
99.1		Press Release dated August 6, 2026. Filed herewith
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 6, 2026	Axcelis Technologies, Inc.
	By:	/s/ David Ryzhik
		David Ryzhik
		Senior Vice President and Interim Chief Financial Officer

3

Exhibit 99.1

News Release

Axcelis Announces Financial Results for Second Quarter 2026

Q2 2026 Highlights:

	·	Revenue of $215.2 million
	·	GAAP Gross Margin of 42.4%, and Non-GAAP Gross Margin of 42.7%
	·	GAAP Operating Margin of 9.4% and Non-GAAP Operating Margin of 14.7%
	·	GAAP Diluted Earnings Per Share of $0.75, and Non-GAAP Diluted Earnings Per Share of $1.06

BEVERLY, Mass., Aug. 6, 2026—Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the second quarter ended June 30, 2026.

President and CEO Russell Low commented, “We executed well in the second quarter, delivering results that exceeded our forecasts driven by stronger system shipments and higher CS&I volume.” Low continued, “Demand in the Memory market remains robust, and we are also benefitting from positive momentum in our Power market. In General Mature, we are encouraged by improving engagement and utilization trends as customers respond to growing end-demand in data center, industrial and automotive segments. As a result, we now expect to deliver year-over-year revenue growth in 2026, with momentum carrying through to 2027. We are focused on satisfying the remaining conditions to complete our pending merger with Veeco and look forward to closing the transaction in the second half of 2026.”

Senior Vice President and Interim CFO David Ryzhik stated, “Axcelis delivered better than expected revenue and operating income in our second quarter, reflecting the attractive operating leverage in our business.” Ryzhik concluded, “With improving systems demand in our markets and continued strength in our CS&I aftermarket business, we anticipate that Axcelis’ financial performance will continue to improve over the balance of 2026.”

Results Summary
(In thousands, except per share amounts and percentages)

		Three months ended June 30,
		2026				2025
Revenue		$	215,175			$	194,544
Gross margin			42.4	%			44.9	%
Operating margin			9.4	%			14.9	%
Net income		$	23,291			$	31,376
Diluted earnings per share		$	0.75			$	0.98

Non-GAAP Results
		Three months ended June 30,
		2026				2025
Non-GAAP gross margin			42.7	%			45.2	%
Non-GAAP operating margin			14.7	%			17.7	%
Adjusted EBITDA		$	35,972			$	38,872
Non-GAAP net income		$	32,968			$	36,013
Non-GAAP diluted earnings per share		$	1.06			$	1.13

Business Outlook

For the third quarter ending September 30, 2026, Axcelis expects revenues of approximately $230 million, GAAP earnings per diluted share of approximately $0.76, and non-GAAP earnings per share of approximately $1.11.

Please refer to Third Quarter 2026 Outlook under the “Notes on our Non-GAAP Financial Information” section of this document for detail relating to the computation of non-GAAP earnings per diluted share as well as the Safe Harbor Statement section of this document.

Second Quarter 2026 Conference Call

The Company will host a call to discuss the results for the second quarter 2026 today at 8:30 a.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by registering as a participant here:

https://register-conf.media-server.com/register/BIf61211144e3b4baeb4c13ba3b1f529fa

Webcast replays will be available for 30 days following the call.

Use of Non-GAAP Financial Results

This press release includes financial measures that are not presented in accordance with U.S. generally accepted accounting principles (“non-GAAP financial measures”). These non-GAAP financial measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP income tax provision, Adjusted EBITDA, non-GAAP net income, and non-GAAP diluted earnings per share, and reflect adjustments for the impact of share-based compensation expense, certain items related to restructuring and severance charges and any associated adjustments and transaction and integration costs associated with the merger agreement with Veeco Instruments announced on October 1, 2025.

Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

For further information regarding these non-GAAP financial measures, please refer to the tables presenting reconciliations of our non-GAAP results to our GAAP results and the “Notes on Our Non-GAAP Financial Information” at the end of this press release.

News Release

Safe Harbor Statement

This press release contains, and the conference call will contain, forward-looking statements under the Private Securities Litigation Reform Act safe harbor provisions. These statements, which include our expectations for spending in our industry and guidance for future financial performance, are based on management’s current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are outside the control of the Company, including that customer decisions to place orders or our product shipments may not occur when we expect, that orders may not be converted to revenue in any particular quarter, or at all, whether demand will continue for the semiconductor equipment we produce or, if not, whether we can successfully meet changing market requirements, and whether we will be able to maintain continuity of business relationships with and purchases by major customers. Increased competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and instability caused by changing global economic, political or financial conditions, including with respect to the imposition of tariffs on our products or components of our products, could also cause actual results to differ materially from those in our forward-looking statements. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.

About Axcelis

Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:

David Ryzhik 

Senior Vice President and Interim CFO 

Telephone: (978) 787-2352 

Email: David.Ryzhik@axcelis.com

Press/Media Relations Contact:

Maureen Hart 

Senior Director, Corporate & Marketing Communications 

Telephone: (978) 787-4266 

Email: Maureen.Hart@axcelis.com

News Release

Axcelis Technologies, Inc. 

Consolidated Statements of Operations 

(In thousands, except per share amounts) 

(Unaudited)

		Three months ended								Six months ended
		June 30,								June 30,
		2026				2025				2026				2025
Revenue:
Product		$	200,488			$	183,402			$	388,497			$	366,226
Services			14,687				11,142				25,634				20,881
Total revenue			215,175				194,544				414,131				387,107
Cost of revenue:
Product			106,998				95,462				212,734				189,962
Services			16,988				11,739				29,627				21,034
Total cost of revenue			123,986				107,201				242,361				210,996
Gross profit			91,189				87,343				171,770				176,111
Operating expenses:
Research and development			28,977				27,064				57,493				54,192
Sales and marketing			19,554				15,003				36,908				30,127
General and administrative			22,377				16,311				49,138				33,668
Total operating expenses			70,908				58,378				143,539				117,987
Income from operations			20,281				28,965				28,231				58,124
Other income (expense):
Interest income			4,575				5,481				9,037				11,082
Interest expense			(1,263	)			(1,355	)			(2,554	)			(2,722	)
Other, net			1,755				1,906				1,259				1,597
Total other income			5,067				6,032				7,742				9,957
Income before income taxes			25,348				34,997				35,973				68,081
Income tax provision			2,057				3,621				3,468				8,126
Net income		$	23,291			$	31,376			$	32,505			$	59,955
Net income per share:
Basic		$	0.76			$	0.99			$	1.06			$	1.87
Diluted		$	0.75			$	0.98			$	1.05			$	1.87
Shares used in computing net income per share:
Basic weighted average shares of common stock			30,805				31,847				30,764				32,051
Diluted weighted average shares of common stock			31,134				31,882				31,084				32,103

News Release

Axcelis Technologies, Inc. 

Consolidated Balance Sheets 

(In thousands, except per share amounts) 

(Unaudited)

		June 30,			December 31,
		2026			2025
ASSETS
Current assets:
Cash and cash equivalents		$	154,996		$	145,451
Short-term investments			247,220			228,802
Accounts receivable, net			154,149			168,479
Inventories, net			338,174			329,010
Prepaid income taxes			4,863			4,658
Prepaid expenses and other current assets			80,369			66,802
Total current assets			979,771			943,202
Property, plant and equipment, net			58,022			56,146
Operating lease assets			27,568			28,927
Finance lease assets, net			13,516			14,154
Long-term restricted cash			10,633			10,627
Deferred income taxes			78,815			79,895
Long-term investments			174,829			182,396
Other assets			43,684			46,004
Total assets		$	1,386,838		$	1,361,351
Current liabilities:
Accounts payable		$	58,807		$	42,309
Accrued compensation			20,010			34,233
Warranty			9,634			9,516
Income Taxes			2,833			11,383
Deferred revenue			81,679			65,494
Current portion of finance lease obligation			1,722			1,575
Other current liabilities			25,416			33,150
Total current liabilities			200,101			197,660
Long-term finance lease obligation			39,845			40,754
Long-term deferred revenue			36,863			43,445
Other long-term liabilities			44,208			44,815
Total liabilities			321,017			326,674
Stockholders’ equity:
Common stock, $0.001 par value, 75,000 shares authorized; 30,881 shares issued and outstanding at June 30, 2026; 30,717 shares issued and outstanding at December 31, 2025			31			31
Additional paid-in capital			536,152			533,309
Retained earnings			536,044			503,539
Accumulated other comprehensive loss			(6,406)			(2,202)
Total stockholders’ equity			1,065,821			1,034,677
Total liabilities and stockholders’ equity		$	1,386,838		$	1,361,351

News Release

Axcelis Technologies, Inc. 

Condensed Consolidated Statements of Cash Flows 

(In thousands) 

(Unaudited)

		Three months ended								Six months ended
		June 30,								June 30,
		2026				2025				2026				2025
Cash flows from operating activities
Net income		$	23,291			$	31,376			$	32,505			$	59,955
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			4,439				4,515				8,875				8,824
Stock-based compensation expense			6,425				5,421				11,324				10,324
Other			(645	)			(9,335	)			3,160				(11,017	)
Change in other assets and liabilities, net			(15,137	)			7,750				(19,352	)			11,436
Net cash provided by operating activities			18,373				39,727				36,512				79,522
Cash flows from investing activities
Expenditures for property, plant and equipment and capitalized software			(3,554	)			(1,985	)			(5,393	)			(6,945	)
Other changes in investing activities, net			(2,543	)			(2,628	)			(11,343	)			42,801
Net cash (used in) provided by investing activities			(6,097	)			(4,613	)			(16,736	)			35,856
Cash flows from financing activities
Repurchase of common stock			(244	)			(45,337	)			(244	)			(63,515	)
Other changes from financing activities, net			(7,608	)			(1,650	)			(9,005	)			(3,582	)
Net cash used in financing activities			(7,852	)			(46,987	)			(9,249	)			(67,097	)
Effect of exchange rate changes on cash and cash equivalents			(252	)			1,643				(976	)			1,935
Net increase (decrease) in cash, cash equivalents and restricted cash			4,172				(10,230	)			9,551				50,216
Cash, cash equivalents and restricted cash at beginning of period			161,457				191,510				156,078				131,064
Cash, cash equivalents and restricted cash at end of period		$	165,629			$	181,280			$	165,629			$	181,280

News Release

Axcelis Technologies, Inc. 

Schedule Reconciling Selected Non-GAAP Financial Measures 

(In thousands, except per share amounts)

		Three months ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
GAAP gross Profit		$	91,189			$	87,343			$	171,770			$	176,111
Restructuring1			—				—				—				226
Stock-based compensation			755				569				1,197				922
Non-GAAP gross profit		$	91,944			$	87,912			$	172,967			$	177,259
Non-GAAP gross margin			42.7	%			45.2	%			41.8	%			45.8	%
GAAP operating expense		$	70,908			$	58,378			$	143,539			$	117,987
Transaction and integration2			(4,827	)			—				(15,225	)			(481	)
Bad debt expense			—				—				(65	)			—
Restructuring1			—				29				—				(894	)
Stock-based compensation			(5,670	)			(4,852	)			(10,127	)			(9,402	)
Non-GAAP operating expense		$	60,411			$	53,555			$	118,122			$	107,210
GAAP operating income		$	20,281			$	28,965			$	28,231			$	58,124
Transaction and integration2			4,827				—				15,225				481
Bad debt expense			—				—				65				—
Restructuring1			—				(29	)			—				1,120
Stock-based compensation			6,425				5,421				11,324				10,324
Non-GAAP operating income		$	31,533			$	34,357			$	54,845			$	70,049
Non-GAAP operating margin			14.7	%			17.7	%			13.2	%			18.1	%
GAAP income tax provision		$	2,057			$	3,621			$	3,468			$	8,126
Income tax effect of non-GAAP adjustments3			1,575				755				3,726				1,670
Non-GAAP income tax provision		$	3,632			$	4,376			$	7,194			$	9,796
GAAP net income		$	23,291			$	31,376			$	32,505			$	59,955
Transaction and integration2			4,827				—				15,225				481
Bad debt expense			—				—				65				—
Restructuring1			—				(29	)			—				1,120
Stock-based compensation			6,425				5,421				11,324				10,324
Income tax effect of non-GAAP adjustments3			(1,575	)			(755	)			(3,726	)			(1,670	)
Non-GAAP net income		$	32,968			$	36,013			$	55,393			$	70,210
GAAP diluted EPS		$	0.75			$	0.98			$	1.05			$	1.87
Transaction and integration2			0.16				—				0.49				.01
Bad debt expense			—				—				—				—
Restructuring1			—				—				—				0.03
Stock-based compensation			0.21				0.17				0.36				0.32
Income tax effect of non-GAAP adjustments3			(0.05	)			(0.02	)			(0.12	)			(0.05	)
Non-GAAP diluted EPS		$	1.06			$	1.13			$	1.78			$	2.19

News Release

Note 1: Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.

Note 2: Transaction and integration costs include expenses associated with the merger agreement with Veeco Instruments, announced on October 1, 2025. Transaction and integration costs for the six months ended June 30, 2025 include $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported second quarter 2025 results, given that they occurred prior to transaction announcement on October 1, 2025.

Note 3: Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.

Figures may not sum due to rounding.

Axcelis Technologies, Inc.

Reconciliation of Net Income to Adjusted EBITDA

(In thousands, except percentages)  

		Three months ended June 30,								Six months ended June 30,
		2026				2025				2026				2025
Net Income		$	23,291			$	31,376			$	32,505			$	59,955
Other (income)/expense			(5,067	)			(6,032	)			(7,742	)			(9,957	)
Income tax provision			2,057				3,621				3,468				8,126
Depreciation & amortization			4,439				4,515				8,875				8,824
Subtotal			24,720				33,480				37,106				66,948
Transaction and integration1			4,827				—				15,225				481
Bad debt expense			—				—				65				—
Restructuring2			—				(29	)			—				1,120
Stock-based compensation			6,425				5,421				11,324				10,324
Adjusted EBITDA		$	35,972			$	38,872			$	63,720			$	78,873
Adjusted EBITDA margin			16.7	%			20.0	%			15.4	%			20.4	%

Note 1: Transaction and integration costs for the six months ended June 30, 2025 include $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported second quarter 2025 results, given that they occurred prior to transaction announcement on October 1, 2025.

Note 2: Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.

Axcelis Technologies, Inc.

Third Quarter 2026 Outlook

GAAP to Non-GAAP Diluted Earnings Per Share

		Three months ended September 30, 2026
GAAP diluted EPS		$	0.76
Transaction and Integration1			0.19
Stock-based compensation			0.21
Income tax effect of non-GAAP adjustments2			(0.06	)
Non-GAAP diluted EPS		$	1.11

Note 1: Transaction and Integration costs include expenses associated with the merger agreement with Veeco Instruments, announced on October 1, 2025.

Note 2: Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.

Figures may not sum due to rounding.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 195.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB