Axcelis Technologies (NASDAQ:ACLS) Updates Q3 2026 Earnings Guidance

Axcelis Technologies (NASDAQ:ACLS) updated its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.110-1.110 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of $230.0 million-$230.0 million, compared to the consensus revenue estimate of $214.8 million.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. B. Riley Financial raised Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Monday, April 20th. Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings lowered Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Bank of America lifted their price target on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Axcelis Technologies has a consensus rating of “Hold” and an average price target of $130.25.

Axcelis Technologies Stock Performance

Shares of ACLS traded down $0.01 during midday trading on Thursday, reaching $136.66. 907,689 shares of the stock were exchanged, compared to its average volume of 417,955. The business’s 50-day moving average price is $152.66 and its 200 day moving average price is $124.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. Axcelis Technologies has a twelve month low of $73.60 and a twelve month high of $193.78. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 9.68 and a beta of 1.92.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.17. The firm had revenue of $215.18 million for the quarter, compared to the consensus estimate of $205.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. On average, sell-side analysts expect that Axcelis Technologies will post 3.21 EPS for the current fiscal year.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, Director Necip Sayiner sold 1,586 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.44, for a total value of $249,699.84. Following the transaction, the director directly owned 7,112 shares in the company, valued at approximately $1,119,713.28. This trade represents a 18.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eileen Evans sold 926 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $155.51, for a total value of $144,002.26. Following the completion of the transaction, the executive vice president directly owned 31,295 shares in the company, valued at approximately $4,866,685.45. The trade was a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,083 shares of company stock worth $4,001,032 in the last ninety days. Company insiders own 0.49% of the company’s stock.

Trending Headlines about Axcelis Technologies

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Q2 results exceeded expectations: Axcelis reported revenue of $215.2 million, up 10.6% year over year, while non-GAAP diluted EPS was $1.06 versus the $0.89 consensus estimate. Gross margin was 42.7% on a non-GAAP basis, and non-GAAP operating margin was 14.7%. Axcelis Announces Financial Results for Second Quarter 2026
• Positive Sentiment: Strong Q3 outlook: Management guided to earnings of $1.11 per share and revenue of $230 million, ahead of analyst expectations of $1.01 EPS and $214.8 million in revenue. The guidance suggests continued demand for Axcelis’ semiconductor manufacturing equipment. Axcelis Technologies Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Industry outlook remains constructive: Recent coverage points to firming chip-equipment demand and the potential for Axcelis to benefit from ongoing semiconductor capacity expansion, supporting the company’s growth narrative. Axcelis Technologies Draws Eyes as Chip-Gear Demand Firms
• Neutral Sentiment: Investor focus is shifting to execution: The earnings call provided additional detail on quarterly performance, demand trends and the company’s outlook, with the elevated guidance now setting a higher bar for future results. Axcelis Technologies Q2 2026 Earnings Call Transcript
• Negative Sentiment: Year-over-year EPS declined: Quarterly EPS fell from $1.13 a year earlier to $1.06 on a non-GAAP basis, despite the revenue increase. The shares also trade at a relatively high trailing P/E of about 42.6, leaving less room for disappointment.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently made changes to their positions in ACLS. Vise Technologies Inc. raised its position in Axcelis Technologies by 7.5% during the fourth quarter. Vise Technologies Inc. now owns 2,937 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 204 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Axcelis Technologies by 21.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 267 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in Axcelis Technologies by 0.6% in the 4th quarter. State of Wisconsin Investment Board now owns 50,506 shares of the semiconductor company’s stock worth $4,058,000 after purchasing an additional 292 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in shares of Axcelis Technologies by 12.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,898 shares of the semiconductor company’s stock valued at $233,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.