Overview
Axcelis Q3 revenue of $213.6 mln beats analyst expectations
Adjusted EPS of $1.21 for Q3 exceeds consensus estimates
Company announces merger with Veeco Instruments to drive future growth
Outlook
Axcelis expects Q4 2025 revenue of approximately $215 mln
Company projects Q4 2025 GAAP EPS of approximately $0.76
Axcelis forecasts Q4 2025 non-GAAP EPS of approximately $1.12
Merger expected to capitalize on AI and electrification trends
Result Drivers
AFTERMARKET STRATEGY - Record CS&I revenue attributed to successful aftermarket strategy and expansion of installed base
COST MANAGEMENT - Disciplined cost controls helped navigate cyclical market conditions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $213.61 mln | $200.10 mln (8 Analysts) |
Q3 Adjusted EPS | Beat | $1.21 | $1 (8 Analysts) |
Q3 EPS | $0.83 | ||
Q3 Net Income | $25.98 mln | ||
Q3 Gross Profit | $88.80 mln | ||
Q3 Operating Profit | $25.02 mln | ||
Q3 Pretax Profit | $30.15 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."
Wall Street's median 12-month price target for Axcelis Technologies Inc is $100.00, about 17.3% above its November 3 closing price of $82.74
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nPn8vlTMTa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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