ACLS · Axcelis Technologies Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $198.96M | - | $213.61M | $194.54M | $192.56M | - | $256.56M | $256.51M | $252.37M | - |
| Cost of Revenue | $118.38M | - | $124.81M | $107.20M | $103.80M | - | $146.59M | $144.10M | $136.32M | - |
| Gross Profit | $80.58M | - | $88.81M | $87.34M | $88.77M | - | $109.97M | $112.41M | $116.05M | - |
| R&D | $28.52M | - | $24.64M | $27.06M | $27.13M | - | $26.39M | $25.79M | $25.66M | - |
| SG&A | $26.76M | - | $23.31M | $16.31M | $17.36M | - | $19.85M | $16.58M | $16.41M | - |
| Total Operating Expenses | $72.63M | - | $63.79M | $58.38M | $59.61M | - | $63.06M | $59.60M | $59.51M | - |
| D&A | $4.44M | - | $3.90M | $3.90M | $4.31M | - | - | - | $3.77M | - |
| Operating Income | $7.95M | - | $25.02M | $28.96M | $29.16M | - | $46.91M | $52.81M | $56.54M | - |
| Interest Expense | $1.29M | - | $1.30M | $1.35M | $1.35M | - | $1.33M | $1.35M | $1.35M | - |
| Income Tax | $1.41M | - | $4.16M | $3.62M | $4.50M | - | $6.79M | $6.40M | $7.40M | - |
| Net Income | $9.21M | - | $48.58M | $50.87M | $28.58M | - | $48.58M | $50.87M | $51.59M | - |
| EPS - Basic | $0.30 | - | $0.83 | $0.99 | $0.89 | - | $1.49 | $1.56 | $1.58 | - |
| EPS - Diluted | $0.30 | - | $0.83 | $0.98 | $0.88 | - | $1.49 | $1.55 | $1.57 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $150.83M | $145.45M | $187.50M | $173.65M | $183.96M | $123.51M | $120.07M | $145.17M | $133.96M | $167.30M |
| Accounts Receivable | $161.81M | $168.48M | $147.64M | $138.84M | $164.95M | $203.15M | $183.54M | $188.08M | $208.54M | $217.96M |
| Inventory | $326.05M | $329.01M | $324.34M | $310.77M | $295.85M | $282.23M | $290.95M | $283.09M | $312.17M | $306.48M |
| Accounts Payable | $51.56M | $42.31M | $52.47M | $37.11M | $38.98M | $46.93M | $54.05M | $45.78M | $39.85M | $54.40M |
| Current Assets | $935.68M | $943.20M | $984.03M | $1.06B | $1.11B | $1.12B | $1.12B | $1.08B | $1.11B | $1.08B |
| Total Assets | $1.37B | $1.36B | $1.35B | $1.32B | $1.34B | $1.35B | $1.34B | $1.29B | $1.31B | $1.28B |
| Current Liabilities | $203.91M | $197.66M | $198.99M | $177.11M | $200.37M | $207.52M | $252.26M | $244.18M | $276.57M | $285.13M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $329.90M | $326.67M | $331.80M | $301.10M | $313.38M | $335.99M | $362.53M | $353.46M | $404.88M | $417.08M |
| Stockholders' Equity | $1.04B | $1.03B | $1.02B | $1.02B | $1.03B | $1.01B | $975.59M | $934.95M | $901.74M | $864.88M |
| Retained Earnings | $512.75M | $503.54M | $488.77M | $487.16M | $485.67M | $470.32M | $432.43M | $396.72M | $358.30M | $319.51M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.14M | - | - | - | $39.80M | - | - | - | $42.22M | - |
| Investing Cash Flow | ($10.64M) | - | - | - | $40.47M | - | - | - | ($55.69M) | - |
| Financing Cash Flow | ($1.40M) | - | - | - | ($20.11M) | - | - | - | ($18.05M) | - |
| CapEx | $1.84M | - | - | - | $4.96M | - | - | - | $1.62M | - |
| Free Cash Flow | $16.30M | - | - | - | $34.84M | - | - | - | $40.60M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 40.5% | - | 41.6% | 44.9% | 46.1% | - | 42.9% | 43.8% | 46.0% | - |
| Operating margin | 4.0% | - | 11.7% | 14.9% | 15.1% | - | 18.3% | 20.6% | 22.4% | - |
| EBITDA margin | 6.2% | - | 13.5% | 16.9% | 17.4% | - | - | - | 23.9% | - |
| Net margin | 4.6% | - | 22.7% | 26.1% | 14.8% | - | 18.9% | 19.8% | 20.4% | - |
| Free cash flow margin | 8.2% | - | - | - | 18.1% | - | - | - | 16.1% | - |
| FCF / Net income | 1.77 | - | - | - | 1.22 | - | - | - | 0.79 | - |
| R&D / Revenue | 14.3% | - | 11.5% | 13.9% | 14.1% | - | 10.3% | 10.1% | 10.2% | - |
| SG&A / Revenue | 13.5% | - | 10.9% | 8.4% | 9.0% | - | 7.7% | 6.5% | 6.5% | - |
| Effective tax rate | 13.3% | - | 7.9% | 6.6% | 13.6% | - | 12.3% | 11.2% | 12.5% | - |
| Return on assets | 0.7% | - | 3.6% | 3.8% | 2.1% | - | 3.6% | 3.9% | 3.9% | - |
| Return on equity | 0.9% | - | 4.8% | 5.0% | 2.8% | - | 5.0% | 5.4% | 5.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 4.59 | 4.77 | 4.95 | 6.01 | 5.56 | 5.41 | 4.45 | 4.42 | 4.00 | 3.79 |
| Quick ratio | 2.99 | 3.11 | 3.32 | 4.26 | 4.08 | 4.05 | 3.29 | 3.26 | 2.87 | 2.71 |
| Cash ratio | 0.74 | 0.74 | 0.94 | 0.98 | 0.92 | 0.60 | 0.48 | 0.59 | 0.48 | 0.59 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 6.2x | - | 19.2x | 21.4x | 21.7x | - | 35.2x | 39.1x | 42.0x | - |
| Equity multiplier | 1.32 | 1.32 | 1.33 | 1.29 | 1.31 | 1.33 | 1.37 | 1.38 | 1.45 | 1.48 |
| Liabilities / Assets | 0.24 | 0.24 | 0.25 | 0.23 | 0.23 | 0.25 | 0.27 | 0.27 | 0.31 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.16 | 0.15 | 0.14 | - | 0.19 | 0.20 | 0.19 | - |
| Inventory turnover | 0.36 | - | 0.38 | 0.34 | 0.35 | - | 0.50 | 0.51 | 0.44 | - |
| Days sales outstanding | 297d | - | 252d | 260d | 313d | - | 261d | 268d | 302d | - |
| Days inventory outstanding | 1005d | - | 949d | 1058d | 1040d | - | 724d | 717d | 836d | - |
| Days payable outstanding | 159d | - | 153d | 126d | 137d | - | 135d | 116d | 107d | - |
| Cash conversion cycle | 1143d | - | 1047d | 1192d | 1216d | - | 851d | 869d | 1031d | - |
| Valuation | ||||||||||
| P / E | 310.3x | - | 117.6x | 71.1x | 56.4x | - | 70.4x | 91.7x | 71.0x | - |
| P / B | 2.8x | - | 3.0x | 2.2x | 1.6x | - | 3.5x | 5.0x | 4.1x | - |
| P / S | 14.5x | - | 14.4x | 11.4x | 8.3x | - | 13.4x | 18.2x | 14.5x | - |
| EV / EBITDA | 220.6x | - | 99.7x | 62.3x | 42.5x | - | - | - | 58.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.3% | - | -16.7% | -24.2% | -23.7% | - | -12.2% | -6.4% | -0.6% | - |
| Revenue CAGR (3y) | -7.8% | - | -2.3% | -4.2% | -1.8% | - | 13.2% | 20.3% | 23.9% | - |
| Revenue CAGR (5y) | 8.4% | - | 14.1% | 9.6% | 10.1% | - | 29.9% | 28.1% | 22.5% | - |
| Gross profit growth (YoY) | -9.2% | - | -19.2% | -22.3% | -23.5% | - | -15.2% | -6.1% | 11.6% | - |
| Operating income growth (YoY) | -72.7% | - | -46.7% | -45.2% | -48.4% | - | -34.6% | -17.1% | 10.1% | - |
| Net income growth (YoY) | -67.8% | - | 0.0% | 0.0% | -44.6% | - | -26.3% | -17.4% | 8.2% | - |
| EPS growth (YoY) | -65.9% | - | -44.3% | -36.8% | -43.9% | - | -25.1% | -16.7% | 9.8% | - |
| EPS CAGR (3y) | -40.6% | - | -11.8% | -9.5% | -10.3% | - | 22.5% | 41.3% | 48.4% | - |
| EPS CAGR (5y) | -9.0% | - | 21.0% | 20.2% | 21.7% | - | 136.8% | 138.7% | 54.2% | - |
| FCF growth (YoY) | -53.2% | - | - | - | -14.2% | - | - | - | 25.6% | - |
| FCF CAGR (5y) | 3.5% | - | - | - | -1.9% | - | - | - | - | - |
| Book value growth (YoY) | 1.7% | 2.2% | 4.6% | 9.4% | 13.9% | 17.1% | 21.8% | 25.7% | 28.5% | 29.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$839.05M totalSingle Reportable Segment$839.05M · 100.0%
Product / service
$2.52B totalIon Implantation Systems Services And Royalties$824.10M · 32.7%
Product$792.04M · 31.5%
New Systems Revenue$571.02M · 22.7%
After Market$268.03M · 10.6%
Services$47.00M · 1.9%
Other Products Systems Services And Royalties$14.95M · 0.6%
Geographic
$1.68B totalNon Us$702.00M · 41.8%
US$482.64M · 28.8%
Asia Pacific$306.45M · 18.3%
North America$137.08M · 8.2%
Europe$49.95M · 3.0%
Peer comparison
Same SIC group: Special Industry Machinery, NEC
Comparing AXCELIS TECHNOLOGIES INC against the 5 most active filers in the same SIC group.