secwatch.observer — SEC 8-K summary
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Issuer:     AXCELIS TECHNOLOGIES INC (ACLS)
CIK:        0001113232
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001104659-26-057147
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113232/000110465926057147/0001104659-26-057147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113232/000110465926057147/tm2613844d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-057147

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer