Earnings summaries and quarterly performance for AXCELIS TECHNOLOGIES.
Executive leadership at AXCELIS TECHNOLOGIES.
Russell Low
Detailed
President and Chief Executive Officer
CEO
CT
Christopher Tatnall
Detailed
Executive Vice President, Global Customer Operations
EE
Eileen Evans
Detailed
Executive Vice President, General Counsel and Secretary
GB
Gerald Blumenstock
Detailed
Executive Vice President, Research, Development & Engineering
GR
Gregory Redinbo
Detailed
Executive Vice President, Marketing and Applications
JC
James Coogan
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at AXCELIS TECHNOLOGIES.
Research analysts who have asked questions during AXCELIS TECHNOLOGIES earnings calls.
CS
Christian Schwab
Craig-Hallum Capital Group
4 questions for ACLS
Also covers: ADTN, AEHR, ATEN +17 more
Craig Ellis
B. Riley Securities
4 questions for ACLS
Also covers: AKTS, AMKR, AOSL +16 more
JE
Jack Egan
Charter Equity Research
4 questions for ACLS
Also covers: COHR, MPWR, NVTS +1 more
DD
David Duley
Steelhead Securities LLC
3 questions for ACLS
Also covers: COHU, FORM, KLIC +3 more
Mark Miller
The Benchmark Company LLC
3 questions for ACLS
Also covers: ACMR, AEIS, ASYS +11 more
TD
Thomas Diffely
D.A. Davidson & Co.
3 questions for ACLS
Also covers: AEHR, AMKR, FORM +3 more
JD
Jed Dorsheimer
William Blair & Company, L.L.C.
2 questions for ACLS
Also covers: AEHR, BWXT, OKLO +2 more
Charles Shi
Needham & Company
1 question for ACLS
Also covers: ACMR, ALTR, AMAT +18 more
DJ
Duksan Jang
BofA Securities
1 question for ACLS
Also covers: AEIS, LSCC, NVMI
JD
Jonathan Dorsheimer
William Blair & Company, L.L.C.
1 question for ACLS
Also covers: AEHR, ENVX, ON +1 more
Mark Shooter
William Blair
1 question for ACLS
Also covers: AMPX, BWXT, ENVX +2 more
RC
Ross Cole
Needham & Company, LLC
1 question for ACLS
Also covers: AMKR, AXTI, COHU +3 more
TD
Tom Diffely
D.A. Davidson Companies
1 question for ACLS
Also covers: AMKR, FORM, ICHR +2 more
YS
Yu Shi
Susquehanna International Group, LLP
1 question for ACLS
Also covers: ACMR, AMAT, AMKR +11 more
Recent press releases and 8-K filings for ACLS.
Axcelis Technologies Inc. Provides Merger Update Amidst Stockholder Lawsuits
ACLS
M&A
Legal Proceedings
Proxy Vote Outcomes
- Axcelis Technologies Inc. (ACLS) is proceeding with its merger with Veeco Instruments Inc., with a special stockholder meeting scheduled for February 6, 2026, to vote on the merger.
- The merger faces fifteen demand letters and three stockholder complaints from purported stockholders of Axcelis and Veeco, alleging inadequate disclosures, negligence, and breach of fiduciary duties. A motion for a preliminary injunction was filed on January 25, 2026, seeking to enjoin the stockholder vote.
- Axcelis denies the allegations and believes its Definitive Proxy Statement is compliant, but has voluntarily supplemented the disclosures to avoid potential litigation burden, expense, delay, or disruption to the Merger.
- The August 12 Axcelis Proposal for the merger was an all-stock transaction with a fixed exchange ratio of 0.340x of an Axcelis common stock share for each Veeco common stock share, which would result in Veeco stockholders receiving 40% ownership of the combined company.
- The Veeco Strategic Planning Committee was amenable to Axcelis designating the Chief Executive Officer and Chief Financial Officer of the combined company.
Jan 28, 2026, 10:18 PM
Exelis Technologies Reports Q3 2025 Results and Announces Merger with Veeco
ACLS
Earnings
Guidance Update
M&A
- Exelis Technologies reported Q3 2025 revenue of $214 million and non-GAAP diluted earnings per share of $1.21, both surpassing their outlook.
- The company provided Q4 2025 guidance, expecting revenue of approximately $215 million and non-GAAP diluted earnings per share of approximately $1.12. A preliminary view for 2026 suggests revenues will be relatively similar to 2025 anticipated levels.
- On October 1, Exelis announced an agreement to merge with Veeco in an all-stock transaction, aiming to establish a leading semiconductor equipment company.
- Bookings for Q3 declined sequentially to $52 million but are projected to improve in Q4. The company also anticipates growth in the memory market in 2026, particularly in DRAM and HBM investments.
Nov 4, 2025, 1:30 PM
Axcelis Reports Strong Q3 2025 Results, Announces Veeco Merger, and Provides Q4 Outlook
ACLS
Earnings
M&A
Guidance Update
- Axcelis reported Q3 2025 revenue of $214 million and non-GAAP diluted earnings per share of $1.21, both exceeding their outlook. The company also achieved record CS&I revenue of $70 million.
- For Q4 2025, Axcelis expects revenue of approximately $215 million and non-GAAP diluted earnings per share of approximately $1.12. The preliminary view for Q1 2026 suggests revenues will be relatively similar to Q4 2025 levels.
- On October 1st, Axcelis announced an all-stock merger agreement with Veeco to create what they believe will be a leading semiconductor equipment company.
- The company anticipates a sequential increase in memory revenue in Q4 2025 and expects sales to the memory market to grow in 2026, driven by increased DRAM and HBM investments. Axcelis also repurchased $32 million in shares during Q3 2025.
Nov 4, 2025, 1:30 PM
Axcelis announces Q3 2025 results and Q4 2025 outlook
ACLS
Earnings
Guidance Update
M&A
- Axcelis reported Q3 2025 revenue of $213.6 million and Non-GAAP diluted earnings per share of $1.21.
- Q3 2025 revenue was supported by record Customer Solutions and Innovation (CS&I) revenue of $69.9 million.
- For Q4 2025, Axcelis anticipates revenue of approximately $215 million and Non-GAAP diluted earnings per share of approximately $1.12.
- Mature process technology constituted 95% of total shipped system revenue in Q3 2025, with power applications making up 70% of that.
- Bookings declined in Q3 but are expected to improve sequentially in Q4. The company also noted transaction and integration costs related to the merger agreement with Veeco Instruments, announced on October 1, 2025.
Nov 4, 2025, 1:30 PM
Axcelis Technologies Reports Q3 2025 Results and Merger with Veeco Instruments
ACLS
Earnings
Guidance Update
M&A
- Axcelis Technologies announced revenue of $213.6 million for the third quarter ended September 30, 2025, with GAAP diluted earnings per share of $0.83 and Non-GAAP diluted earnings per share of $1.21.
- The company provided a business outlook for the fourth quarter ending December 31, 2025, expecting revenues of approximately $215 million, GAAP earnings per diluted share of approximately $0.76, and non-GAAP earnings per share of approximately $1.12.
- Axcelis also announced a merger with Veeco Instruments, a critical milestone intended to position the combined company to capitalize on secular tailwinds including AI and electrification.
- The company reported a strong financial position with over $590 million in cash and investments on its balance sheet as of September 30, 2025.
Nov 4, 2025, 1:17 PM
Axcelis Technologies Announces Third Quarter 2025 Financial Results and Fourth Quarter Outlook
ACLS
Earnings
Guidance Update
M&A
- Axcelis Technologies reported Q3 2025 revenue of $213.6 million and Non-GAAP diluted earnings per share of $1.21.
- For Q4 2025, the company anticipates revenues of approximately $215 million and non-GAAP earnings per share of approximately $1.12.
- The recently announced merger with Veeco Instruments is expected to position the combined company to capitalize on secular tailwinds including AI and electrification.
- Axcelis ended the quarter with over $590 million in cash and investments on its balance sheet, providing ample financial flexibility.
Nov 4, 2025, 12:00 PM
Axcelis Technologies and Veeco Instruments Announce Merger Agreement
ACLS
M&A
New Projects/Investments
Share Buyback
- Axcelis Technologies Inc. and Veeco Instruments have agreed to an all-stock merger with an enterprise value of approximately $4.4 billion.
- Upon closing, Axcelis shareholders are expected to own approximately 58% and Veeco shareholders approximately 42% of the combined company.
- The combined company's pro-forma 2024 financials show $1.7 billion in revenue, a 44% non-GAAP gross margin, and $387 million in Adjusted EBITDA.
- The transaction is anticipated to be accretive to non-GAAP EPS within the first year post-closing and is expected to generate approximately $35 million in annual run-rate cost synergies.
- The merger will expand the total addressable market to over $5 billion and is projected to close in the second half of 2026.
Oct 1, 2025, 9:26 PM
Axcelis Technologies and Vico Announce All-Stock Merger
ACLS
M&A
Revenue Acceleration/Inflection
Share Buyback
- Axcelis Technologies and Vico announced an all-stock merger to create a leading semiconductor equipment company, with Axcelis shareholders owning approximately 58% and Vico shareholders approximately 42% of the combined entity.
- The merger is expected to be accretive to non-GAAP EPS within the first year post-closing and aims to broaden the product portfolio, expand the total addressable market, and increase R&D scale.
- On a 2024 pro forma basis, the combined company is projected to achieve $1.7 billion in revenue, a 44% gross margin, and $387 million in adjusted EBITDA, with an estimated $35 million in run-rate cost synergies within 24 months post-closing.
- The combined company will have over $900 million in cash and plans to execute a share repurchase program following the closing, which is anticipated in the second half of 2026.
Oct 1, 2025, 12:30 PM
Axcelis Technologies and Veeco Announce Merger
ACLS
M&A
- Axcelis Technologies and Veeco are combining to create an industry-leading semiconductor equipment company.
- The transaction is an all-stock deal where Veeco shareholders will receive 0.3575 Axcelis shares for each share they own. The enterprise value is approximately $4.4 billion, with pro forma ownership estimated at ~58% for Axcelis shareholders and ~42% for Veeco shareholders.
- The combined company will be headquartered in Beverly, Massachusetts, with Russell Low serving as CEO and James Coogan as CFO.
- The merger is expected to be accretive to non-GAAP EPS within 12 months post-closing and realize approximately $35 million in annual run-rate cost synergies within 24 months.
- Based on FY 2024 actual figures, the combined company would have had $1.7 billion in revenue, a 44% gross margin, and $387 million in Adjusted EBITDA. As of June 30, 2025, the combined cash position was over $900 million.
Oct 1, 2025, 12:30 PM
Axcelis Technologies and Veeco Instruments Announce All-Stock Merger
ACLS
M&A
Takeover Bid
- Axcelis Technologies, Inc. (ACLS) and Veeco Instruments Inc. (VECO) have entered into a definitive agreement to combine in an all-stock merger.
- Under the terms of the agreement, Veeco shareholders will receive 0.3575 Axcelis shares for each share of Veeco they own. Upon closing, Axcelis shareholders are expected to own approximately 58% and Veeco shareholders approximately 42% of the combined company on a fully diluted basis.
- The combined company is projected to have an enterprise value of approximately $4.4 billion based on closing share prices as of September 30, 2025, and outstanding debt as of June 30, 2025.
- The merger is expected to be accretive to non-GAAP earnings per share within the first year post-closing. On a pro-forma basis for Fiscal Year 2024, the combined company generated $1.7 billion in revenue, a 44% non-GAAP gross margin, and $387 million in adjusted EBITDA.
- The transaction is anticipated to close in the second half of 2026, subject to approval by shareholders of both companies and the receipt of required regulatory approvals.
Oct 1, 2025, 11:06 AM
Quarterly earnings call transcripts for AXCELIS TECHNOLOGIES.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more