Axcelis Q1 GAAP EPS $0.30, down 66% YoY; revenue $199M beats low expectations; Q2 guides $205M

AXCELIS TECHNOLOGIES INC

2026-Q1 EPS reported $0.30 revenue$198,956,000

Revenue $199.0M vs $192.6M YoY; GAAP net income $9.2M ($0.30 EPS) vs $28.6M ($0.88 EPS).
Non-GAAP EPS $0.72 vs $1.06; adjusted EBITDA $27.7M vs $40.0M; operating margin 4.0% vs 15.1%.
Q2 guide: revenue ~$205M, GAAP EPS ~$0.57, non-GAAP EPS ~$0.90.
Merger with Veeco expected to close H2 2026; memory/DRAM demand strong but power/mature markets soft.
Ended Q1 with ~$570M cash; continued free cash flow generation.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

AXCELIS TECHNOLOGIES INC reported first quarter ended March 31, 2026 results: revenue $198,956, net income $9,214, EPS $0.30.

Period: first quarter ended March 31, 2026
Revenue: $198,956
Net income: $9,214
EPS: $0.30
Result: reported results

Exact text from the filing

capture attractive opportunities ahead.” News Release Results Summary (In thousands, except per share amounts and percentages) Three months ended March 31, 2026 2025 Revenue $ 198,956 $ 192,563 Gross margin 40.5 % 46.1 % Operating margin 4.0 % 15.1 % Net income $ 9,214 $ 28,579 Diluted earnings per share $ 0.30 $ 0.88 Non-GAAP Results Non-GAAP gross margin 40.7

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Source: SEC EDGAR

accession 0001104659-26-057147

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