Axcelis(US:ACLS) Prnewswire·2025-08-05 11:00Core Insights - Axcelis Technologies reported strong financial results for Q2 2025, despite a cyclical digestion period in many markets, highlighting customer engagement and growth in high-value applications [2][3] - The company generated significant profitability and cash flow, with increased share repurchase activity reflecting confidence in long-term fundamentals [2][3] Financial Performance - Revenue for Q2 2025 was $194.544 million, down from $256.512 million in Q2 2024, representing a decrease of approximately 24.1% [3] - Gross margin improved to 44.9% from 43.8% year-over-year, while operating margin decreased to 14.9% from 20.6% [3] - Net income for Q2 2025 was $31.376 million, compared to $50.866 million in Q2 2024, a decline of about 38.2% [3] - Diluted earnings per share (EPS) were $0.98, down from $1.55 in the same quarter last year [3] Non-GAAP Financial Results - Non-GAAP gross margin was reported at 45.2%, up from 44.3% year-over-year, while non-GAAP operating margin decreased to 17.7% from 23.3% [3] - Adjusted EBITDA for Q2 2025 was $38.872 million, down from $63.568 million in Q2 2024 [3] - Non-GAAP net income was $36.013 million, compared to $56.797 million in the prior year [3] Business Outlook - For Q3 2025, Axcelis expects revenues of approximately $200 million and GAAP diluted EPS of approximately $0.87, with non-GAAP EPS projected at approximately $1.00 [4]