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Axcelis Technologies — Third Quarter 2026 Earnings Summary

  • Revenue rose to $237.8 million in Q3 2026 from $213.6 million in Q3 2025, while GAAP net income increased to $37.8 million and diluted EPS reached $1.21 compared to $26.0 million and $0.83 respectively in the prior year period.
  • The company provided Q4 2026 guidance of approximately $275 million in revenue, with expected GAAP and Non-GAAP diluted EPS of $1.15 and $1.50, citing anticipated positive momentum through 2026 and growth in 2027.
  • CS&I revenue hit a quarterly record and bookings saw a strong increase driven by a broadening recovery across end markets, including the Memory, Power, and General Mature sectors.
  • Cash and cash equivalents grew to $190.8 million at September 30, 2026, from $145.5 million at year-end 2025, supported by $40.2 million in net cash provided by operating activities.
  • A merger agreement with Veeco Instruments was announced on October 1, 2025, with $4.97 million in transaction and integration costs incurred in Q3 2026; no common stock repurchases occurred in the quarter.
Company
AXCELIS TECHNOLOGIES INC
Sector
Technology
Industry
Semiconductor Equipment & Materials