Highest-materiality recent filing
Axcelis Q1 GAAP EPS $0.30, down 66% YoY; revenue $199M beats low expectations; Q2 guides $205M
Revenue $199.0M vs $192.6M YoY; GAAP net income $9.2M ($0.30 EPS) vs $28.6M ($0.88 EPS).
Axcelis Technologies annual meeting results: all director nominees and proposals approved
All eight director nominees elected with 88.16%-98.73% of votes cast (no broker non-votes).
Axcelis CFO James Coogan resigns; David Ryzhik named interim CFO amid pending Veeco merger
James Coogan resigns as CFO effective April 24, 2026, to pursue CFO role at another public company.
Axcelis Q4 revenue $238M, GAAP EPS $1.10; guides Q1 ~$195M revenue
Q4 2025 revenue $238M (down 5.6% YoY); GAAP EPS $1.10, non-GAAP $1.49.
Axcelis stockholders approve merger with Veeco; >95% vote for share issuance
Share issuance proposal approved with 24,128,309 votes for (95.84%) and 1,048,205 against.
Axcelis-Veeco merger clears UK regulatory hurdle; China approval pending
UK Investment Security Unit issued no further action letter on Jan 22, 2026.
Axcelis faces three shareholder lawsuits over Veeco merger; voluntarily supplements proxy
Three complaints filed in NY state court challenging merger disclosure adequacy; one seeks preliminary injunction.
Revenue of $213.6M declined 16.8% from $256.6M in Q3 2024.
Axcelis and Veeco merge in all-stock deal; 0.3575x, EV ~$4.4B, rev $1.7B
All-stock merger: Veeco shareholders receive 0.3575 Axcelis shares per VECO share; Axcelis stockholders own ~58.4% of combined company.
Axcelis to buy Veeco in ~$4.4B all-stock deal; creates 4th largest US wafer fab equipment supplier
All-stock merger with enterprise value ~$4.4B; Axcelis shareholders own 58%, Veeco shareholders 42%.
Axcelis Q2 revenue falls 24% YoY to $194.5M; GAAP EPS $0.98, non-GAAP $1.13
Revenue $194.5M vs $256.5M YoY; GAAP diluted EPS $0.98 vs $1.55, non-GAAP $1.13 vs $1.73.
Axcelis shareholders approve 3M share increase to 2012 Equity Plan at 2025 annual meeting
Shareholders approved amendment increasing shares reserved under 2012 Equity Incentive Plan by 3,000,000 shares.
Axcelis Q1 revenue $192.6M, down 24% YoY; GAAP EPS $0.88 vs $1.57; guides Q2 below Q1
Revenue $192.6M vs $252.4M YoY (-23.7%); GAAP net income $28.6M, down 44.6%.
Axcelis posts historical GAAP-to-Non-GAAP reconciliations for 2020-2024
Company posted reconciliations of GAAP to Non-GAAP financial results for fiscal years 2020-2024.
Axcelis increases share repurchase authorization by $100M to $215M
Board approved additional $100M in share repurchase authorization; total now $215M.
Axcelis Q4 2024 revenue $252.4M, EPS $1.54; Q1 2025 guide $185M revenue, $0.38 EPS
Q4 2024 revenue $252.4M, gross margin 46.0%, diluted EPS $1.54.
Axcelis estimates $20M-$50M FY2025 revenue hit from new BIS China export rules
BIS interim final rules (Dec 2, 2024) add entities to Entity List, restrict semiconductor equipment exports to China.
Axcelis Q3 revenue $256.6M, EPS $1.49; corrects backlog, guides Q4 revenue ~$245M
Revenue $256.6M (vs Q2 $256.5M); gross margin 42.9%, operating margin 18.3%.
Axcelis Q2 revenue $256.5M, EPS $1.55; guides Q3 rev ~$255M, EPS ~$1.43
Revenue $256.5M vs Q1 $252.4M; gross margin 43.8% vs 46.0% Q1.
Axcelis prelim Q2 revenue above $252M, EPS above $1.38, beating guidance
Preliminary Q2 2024 revenue >$252M vs guidance $245M; diluted EPS >$1.38 vs $1.30.
Mary Puma resigned as Executive Chairperson and director effective at May 9, 2024 annual meeting; remains as Executive Advisor.
Axcelis Q1 revenue $252.4M, EPS $1.57 beat guidance; Q2 guide $245M
Q1 revenue $252.4M, net income $51.6M ($1.57 diluted EPS) above company guidance.
Axcelis elects Gregory Graves and Necip Sayiner to board of directors
Board expanded to 11 members; Graves (former Entegris CFO) and Sayiner (ex-Intersil CEO) elected Feb 28, 2024.
Axcelis reports record FY2023 revenue $1.13B (+23% YoY); Q1 2024 guidance ~$242M
Full year 2023 revenue $1.13B (record), systems revenue $883.6M, diluted EPS $7.43 vs $5.46 in 2022.
Axcelis Q3 revenue $292.3M, EPS $1.99; guides Q4 rev ~$295M, FY rev >$1.1B
Revenue $292.3M vs $274.0M Q2; net income $65.9M ($1.99 diluted) vs $61.6M ($1.86) Q2.
Axcelis appoints James Coogan as CFO; current CFO Brewer to retire at year-end 2023
James Coogan, former Kaman Corp CFO, appointed EVP/CFO effective October 2023.
Axcelis Q2 revenue $274M beats guidance; raises FY2023 outlook to >$1.1B
Q2 revenue $274M vs $254M Q1; net income $61.6M ($1.86 EPS) vs $47.7M ($1.43) Q1.
Axcelis Technologies appoints Russell J. Low as CEO; Mary Puma becomes Executive Chairperson
Russell J. Low, Ph.D., appointed President and CEO effective May 11, 2023; previously EVP Global Customer and Engineering Operations.
Axcelis Q1 revenue $254M, record backlog $1.27B; FY23 revenue guided >$1.03B
Q1 revenue $254.0M (down 4.5% QoQ); net income $47.7M ($1.43 diluted EPS) vs Q4 $57.0M ($1.71).
Axcelis CEO Puma transitions to Exec Chairperson in May 2023, then Senior Advisor through July 2025
CEO Mary Puma to serve as CEO until first board meeting after 2023 annual meeting (by May 30, 2023), then Executive Chairperson until May 2024, then Senior Advisor through July 31, 2025.
Axcelis posts record annual revenue $920M (+39% YoY), EPS $5.46; guides FY23 revenue >$1B
Record full year revenue of $920M (up 39% vs 2021); net income $183.1M, diluted EPS $5.46 (vs $2.88).
Axcelis Q3 revenue $229.2M, EPS $1.21; record backlog $1.1B; Q4 guided $232-240M
Revenue $229.2M (up from $221.2M Q2); net income $40.3M ($1.21 diluted EPS) vs $44.2M ($1.32) Q2.
Axcelis Q2 revenue $221.2M, EPS $1.32, record backlog $869.5M, raises FY22 revenue >$875M
Q2 revenue $221.2M vs Q1 $203.6M; operating profit $54.1M; net income $44.2M ($1.32 diluted EPS).
Axcelis director Arthur L. George resigns; board size reduced to nine
Director Arthur L. George resigned for personal reasons effective May 11, 2022, declining another term after re-election.
Axcelis Q1 beats with EPS $1.22; record bookings $315.5M; FY22 revenue >$850M
Q1 revenue $203.6M, net income $41.6M, diluted EPS $1.22 (vs Q4 $205.7M, $1.05).
Axcelis Technologies elects Dipti Vachani and Jeanne Quirk to its Board of Directors
Board expanded to ten; new directors elected Feb 23, 2022, term through 2022 Annual Meeting.
Axcelis reports record FY2021 revenue of $662.4M, EPS $2.88, well above guidance
Full year revenue $662.4M (+40% YoY), operating profit $127.3M (+119% YoY), both records.
Axcelis Q3 revenue $176.7M, record implant systems; EPS $0.81, guides Q4 EPS $0.84
Revenue $176.7M, up 20% QoQ; system revenue record $126.2M.
Axcelis Q2 revenue $147.3M (beat), guides Q3 to $170M; FY2021 revenue >$625M
Q2 revenue $147.3M, up 11% from Q1 $132.8M; first quarterly system revenue >$100M since 2004.
Effective at the Annual Meeting, Mary G. Puma, who served as Executive Chairperson of the Company’s Board of Directors since May 11, 2023, resigned from that executive officer role concurrently with the end of her term on the Board of Directors.
the Board of Directors elected Gregory B. Graves and Necip Sayiner to fill the vacancies on the Board for a term ending at the 2024 Annual Meeting of Stockholders.
the Board of Directors elected Gregory B. Graves and Necip Sayiner to fill the vacancies on the Board for a term ending at the 2024 Annual Meeting of Stockholders.
Mr. Brewer will continue to manage the Company’s manufacturing operations and will support the transition of the Company’s finance function to Mr. Coogan, until Mr. Brewer’s planned retirement at year-end 2023.
Effective upon the commencement of employment of James Coogan as discussed in paragraph (c) below, Axcelis Technologies, Inc.’s (the “Company”) Executive Vice President and Chief Financial Officer, Kevin J. Brewer, will resign as Chief Financial Officer and change his title to Executive Vice President, Finance and Operations.
On September 5, 2023, the Company announced that its Board of Directors appointed James Coogan, age 42, as the Company’s Executive Vice President and Chief Financial Officer, effective upon the commencement of Mr. Coogan’s full-time employment with the Company expected in October 2023 (the “Effective Date”).
On May 11, 2023, following the 2023 Annual Meeting of Stockholders (the “Annual Meeting”), the Board of Directors of Axcelis Technologies, Inc. (the “Company”) appointed Russell J. Low, Ph.D., age 52, as the Company’s Chief Executive Officer and President.
Coincident with the commencement of Dr. Low’s promotion to Chief Executive Officer and President, Mary G. Puma, our former Chief Executive Officer and President, assumed the position of Executive Chairperson of the Board of Directors of the Company, a position she is expected to hold until the 2024 Annual Meeting of Stockholders.
Effective May 11, 2022, Arthur L. George, Jr., a director of the Company, resigned from the Company’s Board of Directors for personal reasons, declining to serve a further term despite his re-election at the Company’s 2022 Annual Meeting.
the Board of Directors elected Jeanne Quirk and Dipti Vachani to fill the vacancies on the Board
the Board of Directors elected Jeanne Quirk and Dipti Vachani to fill the vacancies on the Board
Max materiality 0.85 · Median 0.75 · Most common event earnings