---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-057147"
form_type: "8-K"
ticker: "ACLS"
cik: "0001113232"
company_name: "AXCELIS TECHNOLOGIES INC"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:24:16.721204+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-057147
- form_type: 8-K
- ticker: ACLS
- cik: 0001113232
- company_name: AXCELIS TECHNOLOGIES INC
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113232/000110465926057147/0001104659-26-057147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113232/000110465926057147/tm2613844d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-057147
- JSON: https://secwatch.observer/filing/0001104659-26-057147.json
- Plain text: https://secwatch.observer/filing/0001104659-26-057147.txt

## Source-grounded claims
- claim_id: 3af03d5ad1e6c9afcc1fa7eeca270a9ec7d4f36f
  claim: AXCELIS TECHNOLOGIES INC reported first quarter ended March 31, 2026 results: revenue $198,956, net income $9,214, EPS $0.30.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465926057147/0001104659-26-057147-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.