AXCELIS TECHNOLOGIES INC ACLS

Industrials SIC 3559 - Special Industry Machinery, NEC NAICS Manufacturing › Machinery Manufacturing › Industrial Machinery Manufacturing › Semiconductor Machinery Manufacturing derived Nasdaq

Axcelis Technologies, Inc. ("Axcelis," the "Company," "we," "us," or "our") designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. We believe that our Purion family of products offers the most innovative implanters available on the market today. We sell to leading semiconductor chip manufacturers worldwide. The ion implantation business represented 98.2% of our revenue in 2025, with the remaining 1.8% of revenue derived from aftermarket sales associated with other legacy processing systems. In addition to equipment, we provide extensive aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Last close 106.58 2026-10-23
Market cap $3.29B 2026-06-30 share count
52-week range 73.60 - 193.78

Valuation FY2025 figures against the last close

P/S3.9x
P/E28.0x
P/FCF30.8x
EV/EBITDA24.0x
Dividend yield—
Diluted EPS3.80

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Asia Pacific
  • North America
  • Europe
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Asia Pacific, FY2025: 610.2M (72.7%) 73% Asia Pacific North America, FY2025: 137.1M (16.3%) 16% North America Europe, FY2025: 91.8M (10.9%) 11% Europe FY2024 Asia Pacific, FY2024: 781M (76.7%) 77% North America, FY2024: 144.1M (14.2%) 14% Europe, FY2024: 92.8M (9.1%) 9% FY2023 Asia Pacific, FY2023: 811.3M (71.8%) 72% North America, FY2023: 174.8M (15.5%) 15% Europe, FY2023: 144.5M (12.8%) 13%
Region FY2025FY2024FY2023
Asia Pacific $610.2M $781.0M $811.3M
North America $137.1M $144.1M $174.8M
Europe $91.8M $92.8M $144.5M

As the company reported it, from the “Revenue - Revenue by discipline & geographical areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $839.0M$1.02B$1.13B$920.0M$662.4M$474.6M$343.0M$442.6M$410.6M$267.0M
Cost of revenue $462.2M$563.2M$639.3M$518.2M$376.0M$276.0M$198.8M$262.9M$260.3M$167.4M
Gross profit $376.8M$454.7M$491.3M$401.8M$286.4M$198.6M$144.2M$179.6M$150.2M$99.6M
R&D $109.0M$105.5M$96.9M$78.4M$65.4M$61.8M$53.9M$51.9M$43.1M$34.4M
SG&A $83.2M$70.3M$65.8M$57.5M$46.1M$40.0M$31.7M$33.2M$30.8M$24.5M
Total operating expenses $257.5M$243.9M$225.5M$189.4M$159.1M$140.5M$119.9M$119.7M$102.4M$83.0M
Operating income $119.3M$210.8M$265.8M$212.4M$127.3M$58.0M$24.2M$60.0M$47.8M$16.6M
Interest expense $5.4M$5.5M$5.3M$5.6M$4.8M$5.2M$5.2M$5.1M$5.1M$5.1M
Pre-tax income $138.2M$230.3M$278.6M$204.9M$120.4M$55.9M$20.9M$54.7M$43.8M$11.0M
Income tax $18.0M$29.3M$32.3M$21.8M$21.8M$5.9M$3.9M$8.8M$83.1M$23.0K
Net income $120.2M$201.0M$246.3M$183.1M$98.7M$50.0M$17.0M$45.9M$127.0M$11.0M
EPS, basic 3.816.177.525.542.941.500.521.424.110.38
EPS, diluted 3.806.157.435.462.881.460.501.353.800.36
Shares, diluted (wtd. avg.) 31.7M32.7M33.2M33.5M34.3M34.1M33.8M34.0M33.4M30.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $145.5M$123.5M$174.0M$186.3M$295.7M$204.2M$146.5M$184.9M$140.9M$77.7M
Short-term investments $228.8M$447.8M$338.9M$246.6M——————
Receivables $168.5M$203.1M$218.0M$169.8M$104.4M$86.9M$83.8M$78.7M$75.3M$50.6M
Inventory $329.0M$282.2M$306.5M$242.4M$195.0M$161.1M$140.4M$129.0M$120.5M$113.9M
Total current assets $943.2M$1.12B$1.08B$877.6M$619.2M$470.8M$375.7M$396.8M$339.8M$240.7M
Property, plant and equipment $56.1M$53.8M$54.0M$39.7M$35.0M$29.8M$25.3M$41.1M$36.2M$30.8M
Total assets $1.36B$1.35B$1.28B$1.01B$753.2M$624.6M$548.1M$548.4M$488.2M$302.2M
Accounts payable $42.3M$46.9M$54.4M$62.3M$38.0M$24.0M$25.3M$36.0M$32.6M$25.0M
Total current liabilities $197.7M$207.5M$285.1M$248.1M$150.1M$84.4M$68.7M$85.0M$79.3M$47.7M
Total liabilities $326.7M$336.0M$417.1M$346.4M$214.3M$143.0M$128.7M$140.1M$134.6M$100.8M
Retained earnings $503.5M$470.3M$319.5M$118.9M-$22.7M-$92.0M-$140.2M-$157.3M-$204.7M-$331.7M
Total equity $1.03B$1.01B$864.9M$667.3M$539.0M$481.6M$419.4M$408.3M$353.6M$201.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $118.3M$140.8M$156.9M$215.6M$150.2M$69.7M-$13.6M$47.0M$56.3M-$8.8M
Depreciation and amortisation $17.6M$15.8M$13.1M$11.6M$10.8M$9.9M$7.9M$5.8M$5.0M$4.3M
Stock-based compensation $20.8M$21.0M$18.3M$13.4M$12.1M$10.5M$8.2M$7.8M$5.7M$5.2M
Capital expenditure $11.3M$12.2M$20.7M$10.7M$8.7M$7.4M$12.0M$4.7M$7.3M$2.5M
Investing cash flow $29.9M-$108.7M-$100.9M-$257.3M-$8.7M-$7.3M-$12.0M-$4.7M-$7.3M-$2.2M
Financing cash flow -$124.5M-$71.2M-$68.3M-$65.5M-$52.5M-$2.4M-$13.4M$1.2M$15.1M$2.3M
Buybacks $121.1M$60.5M$52.5M$57.5M$50.0M$7.5M$17.7M———

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020461.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 267M Gross profit, FY2016: 99.6M Net income, FY2016: 11M Revenue, FY2017: 410.6M Gross profit, FY2017: 150.2M Net income, FY2017: 127M Revenue, FY2018: 442.6M Gross profit, FY2018: 179.6M Net income, FY2018: 45.9M Revenue, FY2019: 343M Gross profit, FY2019: 144.2M Net income, FY2019: 17M Revenue, FY2020: 474.6M Gross profit, FY2020: 198.6M Net income, FY2020: 50M Revenue, FY2021: 662.4M Gross profit, FY2021: 286.4M Net income, FY2021: 98.7M Revenue, FY2022: 920M Gross profit, FY2022: 401.8M Net income, FY2022: 183.1M Revenue, FY2023: 1.1B Gross profit, FY2023: 491.3M Net income, FY2023: 246.3M Revenue, FY2024: 1B Gross profit, FY2024: 454.7M Net income, FY2024: 201M Revenue, FY2025: 839M Gross profit, FY2025: 376.8M Net income, FY2025: 120.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $267.0M $410.6M $442.6M $343.0M $474.6M $662.4M $920.0M $1.13B $1.02B $839.0M
Gross profit $99.6M $150.2M $179.6M $144.2M $198.6M $286.4M $401.8M $491.3M $454.7M $376.8M
Net income $11.0M $127.0M $45.9M $17.0M $50.0M $98.7M $183.1M $246.3M $201.0M $120.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3559

TickerCompanyMarket capP/ERevenue growth
LRCX LAM RESEARCH CORP $287.93B 39.9x 26.0%
ACMR ACM Research, Inc. $3.43B 36.9x 15.2%
VECO VEECO INSTRUMENTS INC $2.57B 71.3x -7.4%
AZTA Azenta, Inc. $1.60B — 3.6%
CRCT Cricut, Inc. $1.31B 17.9x -0.5%
ERII Energy Recovery, Inc. $341.0M 15.9x -6.9%
ASYS AMTECH SYSTEMS INC $217.5M — -21.6%
VELO Velo3D, Inc. $213.5M — 12.1%