AXCELIS TECHNOLOGIES INC (ACLS) Form 10-Q — Nov 5, 2026
Axcelis reported Q3 2026 revenue of $237.8 million, up 11.3% year over year, with net income of $37.8 million ($1.21 diluted EPS) versus $26.0 million a year earlier. The quarter was driven by Aftermarket sales of $92.6 million, up 32%, while systems revenue was roughly flat at $145.2 million. Margins are compressing: Q3 gross margin slipped to 41.0% from 41.6%, and nine-month operating income fell to $55.6 million from $83.1 million, pressured by Korean Won strength, a lower-margin systems mix, and a 26.7% jump in G&A on merger-related professional fees.
Key figures
- Eps
- 1.21
- Revenue
- 237781000
- Net Income
- 37759000
- Revenue Yoy
- 11.3% (Q3 2026 vs Q3 2025); 8.5% nine months
- Total Assets
- 1477512000
- Cash Position
- 190769000
- Shares Outstanding
- 30883715
- Expected close
- Q1 2027
- Q3 gross margin
- 41.0%
- Deferred revenue
- 138044000
- Buyback remaining
- $110 million
- Systems revenue q3
- 145136000
- Q3 2025 gross margin
- 41.6%
- Merger exchange ratio
- 0.3575 Axcelis shares per Veeco share
- Termination fee veeco
- $77.5 million
- Aftermarket revenue q3
- 92645000
- Nine month gross margin
- 41.3%
- Termination fee axcelis
- $108.7 million
- Nine month 2025 gross margin
- 44.1%
- Operating cash flow nine months
- 76733000
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