Group 1 - Axcelis Technologies reported quarterly earnings of $1.13 per share, exceeding the Zacks Consensus Estimate of $0.73 per share, but down from $1.55 per share a year ago, resulting in an earnings surprise of +54.79% [1] - The company achieved revenues of $194.54 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.07%, although this is a decrease from year-ago revenues of $256.51 million [2] - Over the last four quarters, Axcelis has consistently surpassed consensus EPS and revenue estimates [2] Group 2 - The stock's immediate price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - Year-to-date, Axcelis shares have increased by about 1.5%, underperforming the S&P 500's gain of 7.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.73 on revenues of $185.8 million, and for the current fiscal year, it is $3.29 on revenues of $751.1 million [7] Group 3 - The Zacks Industry Rank indicates that the Electronics - Manufacturing Machinery sector is currently in the bottom 27% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]

[Axcelis Q2 2025 Financial Results](index=1&type=section&id=Axcelis%20Q2%202025%20Financial%20Results) [Q2 2025 Financial Highlights](index=1&type=section&id=Q2%202025%20Financial%20Highlights) Axcelis reported strong Q2 2025 results with $194.5 million in revenue and a non-GAAP diluted EPS of $1.13, reflecting disciplined cost control and profitability - Management highlighted strong performance driven by customer engagement, expansion in high-value applications, and momentum in the CS&I business[2](index=2&type=chunk) - The company's strong balance sheet enabled continued investment and an increased share repurchase of **$45 million**[2](index=2&type=chunk) Q2 2025 vs. Q2 2024 Performance Summary | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Revenue** | $194.5M | $256.5M | | **GAAP Gross Margin** | 44.9% | 43.8% | | **Non-GAAP Gross Margin** | 45.2% | 44.3% | | **GAAP Operating Margin** | 14.9% | 20.6% | | **Non-GAAP Operating Margin** | 17.7% | 23.3% | | **GAAP Diluted EPS** | $0.98 | $1.55 | | **Non-GAAP Diluted EPS** | $1.13 | $1.73 | | **Adjusted EBITDA** | $38.9M | $63.6M | [Q3 2025 Business Outlook](index=2&type=section&id=Business%20Outlook) For Q3 2025, Axcelis anticipates revenues of approximately $200 million, with a projected non-GAAP earnings per share of approximately $1.00 Q3 2025 Guidance | Metric | Guidance | | :--- | :--- | | **Revenues** | ~$200 million | | **GAAP Diluted EPS** | ~$0.87 | | **Non-GAAP Diluted EPS** | ~$1.00 | [Consolidated Financial Statements](index=4&type=section&id=Consolidated%20Financial%20Statements) This section presents detailed unaudited financial statements for the three and six months ended June 30, 2025, compared to the same periods in 2024 [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Q2 2025 revenue decreased to $194.5 million from $256.5 million year-over-year, leading to a decline in net income to $31.4 million Q2 2025 vs. Q2 2024 Income Statement (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Total Revenue** | $194,544 | $256,512 | | **Gross Profit** | $87,343 | $112,409 | | **Income from Operations** | $28,965 | $52,810 | | **Net Income** | $31,376 | $50,866 | | **Diluted EPS** | $0.98 | $1.55 | [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets were $1.32 billion as of June 30, 2025, with increased cash and cash equivalents and a stronger stockholders' equity of $1.02 billion Balance Sheet Summary (in thousands) | Metric | June 30, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $173,649 | $123,512 | | **Total Current Assets** | $1,064,475 | $1,123,608 | | **Total Assets** | $1,323,486 | $1,348,781 | | **Total Liabilities** | $301,103 | $335,991 | | **Total Stockholders' Equity** | $1,022,383 | $1,012,790 | [Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The company generated $39.7 million in net operating cash flow and used $47.0 million in financing activities, driven by a $45.3 million stock repurchase Q2 2025 vs. Q2 2024 Cash Flow Summary (in thousands) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $39,727 | $40,067 | | **Net cash used in investing activities** | $(4,613) | $(5,603) | | **Net cash used in financing activities** | $(46,987) | $(22,601) | | **Repurchase of common stock** | $(45,337) | $(14,996) | [Non-GAAP Financial Measures and Reconciliations](index=7&type=section&id=Non-GAAP%20Financial%20Measures%20and%20Reconciliations) This section provides detailed reconciliations of GAAP to non-GAAP financial measures used by management to evaluate operational performance - The company uses non-GAAP measures to provide a perspective consistent with management's evaluation of the business, primarily by adjusting for **stock-based compensation** and **restructuring costs**[8](index=8&type=chunk)[20](index=20&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures](index=8&type=section&id=Schedule%20Reconciling%20Selected%20Non-GAAP%20Financial%20Measures) Q2 2025 GAAP net income of $31.4 million was adjusted to a non-GAAP net income of $36.0 million, primarily due to stock-based compensation add-backs Q2 2025 GAAP to Non-GAAP Reconciliation (in thousands, except EPS) | Metric | GAAP | Adjustments | Non-GAAP | | :--- | :--- | :--- | :--- | | **Gross Profit** | $87,343 | $569 | $87,912 | | **Operating Income** | $28,965 | $5,392 | $34,357 | | **Net Income** | $31,376 | $4,637 | $36,013 | | **Diluted EPS** | $0.98 | $0.15 | $1.13 | [Reconciliation of Net Income to Adjusted EBITDA](index=9&type=section&id=Reconciliation%20of%20Net%20Income%20to%20Adjusted%20EBITDA) Adjusted EBITDA for Q2 2025 was $38.9 million, reconciled from a net income of $31.4 million by adding back taxes, D&A, and stock-based compensation Q2 2025 vs. Q2 2024 Net Income to Adjusted EBITDA Reconciliation (in thousands) | Metric | Q2 2025 | Q2 2024 | | :--- | :--- | :--- | | **Net Income** | $31,376 | $50,866 | | **Adjustments (Taxes, D&A, etc.)** | $2,104 | $5,805 | | **Stock-based compensation** | $5,421 | $5,469 | | **Adjusted EBITDA** | $38,872 | $63,568 | | **Adjusted EBITDA Margin** | 20.0% | 24.8% |

Financial Performance - Q2 2025 revenue reached $194.5 million[25], exceeding expectations[7] - Non-GAAP diluted earnings per share (EPS) stood at $1.13[7] - GAAP diluted EPS was $0.98[7] - Q3 2025 revenue is projected to be approximately $200 million[29] - Q3 2025 Non-GAAP diluted earnings per share is expected to be around $1.00[29] Revenue Breakdown - Mature process technology accounted for 97% of total shipped system revenue in Q2 2025[13] - Power general mature represented 43% of total shipped system revenue in Q2 2025[14] - Silicon Carbide (SiC) power contributed 40% to shipped system revenue[11] - Other Power (IGBT, etc) made up 15% of shipped system revenue[11] - Memory accounted for 3% of shipped system revenue[11] Geographic Performance - China accounted for 55% of total revenue in Q2 2025[25] - The United States contributed 18% to total revenue in Q2 2025[25] - South Korea accounted for 13% of total revenue in Q2 2025[25]

Q2 Highlights: BEVERLY, Mass., Aug. 5, 2025 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the second quarter ended June 30, 2025. Results Summary President and CEO Russell Low commented, "Axcelis delivered strong results in the second quarter despite the cyclical digestion period in many of our markets, demonstrating the value we provide our customers and the strength of our team. We are deepening customer engagement, expanding our footprint in high-value ap ...

BEVERLY, Mass., July 29, 2025 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences in August: About Axcelis: David Ryzhik Senior Vice President, Investor Relations and Corporate Strategy Telephone: (978) 787-2352 Email: [email protected] Press/Media Relations Contact: Maureen Hart Senior Director, Corporate & Marketing Com ...

Group 1 - Navitas Semiconductor (NVTS) is collaborating with Nvidia (NVDA) on the next generation of data center architecture, specifically the 800 V HVDC architecture [1] - The focus of the new architecture is primarily on enhancing data center efficiency and performance [1] Group 2 - The author has a background in financial media and aims to identify investment opportunities in undervalued companies [1] - The analysis includes thorough research on financial statements, market trends, and upcoming events that may impact specific companies or industries [1]

Core Viewpoint - Axcelis Technologies, Inc. is set to release its financial results for the second quarter of 2025 on August 5, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial results will be discussed in a call scheduled for 8:30 a.m. ET on the same day [2] - The call will be accessible via webcast on Axcelis' Investors page [2] Group 2: Company Overview - Axcelis has been a key supplier of ion implantation solutions for the semiconductor industry for over 45 years [3] - The company focuses on developing enabling process applications through the design, manufacture, and life cycle support of ion implantation systems [3]

Group 1 - The semiconductor industry is crucial for the growth of Axcelis Technologies, driven by the demand for advanced processors, memory devices, and back-end chips [1] - Increased production of semiconductor products by manufacturers is essential for meeting the rising demand in the market [1] Group 2 - The company employs long/short equity strategies and conducts deep fundamental analysis to identify undervalued stocks for long positions and overvalued stocks for short positions [1] - Detailed financial models are built using discounted cash flow (DCF), relative valuation, and scenario analysis to assess company fundamentals and growth potential [1] - The company monitors market trends, sector dynamics, and macroeconomic factors to adjust strategies and optimize portfolio performance in real time [1]

Company Performance - Axcelis Technologies (ACLS) ended the recent trading session at $67.93, showing a -4% change from the previous day's closing price, which is a lag compared to the S&P 500's daily loss of 0.27% [1] - Over the past month, shares of Axcelis have appreciated by 12.57%, outperforming the Computer and Technology sector's gain of 11.99% and the S&P 500's gain of 6.9% [1] Upcoming Earnings - The upcoming earnings release is expected to report an EPS of $0.73, which is a decrease of 52.9% from the prior-year quarter [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $185.2 million, down 27.8% from the year-ago period [2] Full Year Projections - For the full year, the Zacks Consensus Estimates project earnings of $3.29 per share and revenue of $751.1 million, representing changes of -46.5% and -26.21%, respectively, from the prior year [3] Analyst Estimates - Recent modifications to analyst estimates for Axcelis Technologies are important as they indicate changing near-term business trends, with positive revisions signaling optimism about the business outlook [4] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Axcelis Technologies at 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [6] - Historically, 1 ranked stocks have generated an average annual return of +25% since 1988 [6] Valuation Metrics - Axcelis Technologies is trading at a Forward P/E ratio of 21.51, which is a discount compared to the industry average Forward P/E of 21.87 [7] - The company has a PEG ratio of 3.92, while the Electronics - Manufacturing Machinery industry had an average PEG ratio of 1.78 [7] Industry Context - The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 226, placing it in the bottom 9% of all 250+ industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Technical Analysis - Axcelis Technologies (ACLS) has reached a significant support level and is considered a good pick for investors from a technical perspective [1] - ACLS recently broke through the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular tool among traders, providing insights into short-term price trends and trend reversals [2] Price Movement - ACLS has moved 5.9% higher over the last four weeks, suggesting potential for further gains [5] - A positive trend is indicated when a stock's price is above the 20-day moving average, while a price below it signals a downward trend [3] Earnings Estimates - The bullish case for ACLS is strengthened by positive earnings estimate revisions, with no estimates decreasing in the past two months and three increasing [5] - The consensus estimate for ACLS has also increased, further supporting the positive outlook [5][6]