Axcelis Beats Q1 Revenue, EPS Estimates on Strong Memory Demand
Summary
Axcelis Technologies reported Q1 revenue of $198.96 million and adjusted EPS of $0.72, both surpassing analyst estimates of $195.03 million and $0.71, respectively. The company attributed the strong performance to a meaningful acceleration in its Memory segment, particularly DRAM and HBM, and strength in its Customer Support and Innovation business. This positive Q1 performance contrasts with the 2025 financial baseline which saw a revenue decrease and net income drop. While the company expects Q2 2026 revenue of approximately $205 million and GAAP diluted EPS of about $0.57, it reiterated its full-year 2026 revenue guidance to be relatively flat versus 2025, indicating some offsetting declines in other mature markets. Traders will focus on whether the memory segment's strength can continue to drive upside against the flat full-year outlook and the ongoing Veeco merger discussions.
At the time of this announcement, ACLS was trading at $153.17 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $55.81 to $171.61. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.