ACLSNasdaqSpecial Industry Machinery, NECFiscal year ends December 31
AXCELIS TECHNOLOGIES INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$111.21+2.86 (+2.64%)
Close on Oct 19, 2026
- Market cap
- $3.46B
- P/E (TTM)
- 37.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
44.9%+3.1 pts over 5 years
Operating margin
14.2%+2.0 pts over 5 years
Net margin
14.3%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -17.6% | -3.0% | +12.1% | +12.1% | |
| Gross profit | -17.1% | -2.1% | +13.7% | +14.0% | |
| Operating income | -43.4% | -17.5% | +15.5% | +19.1% | |
| Net income | -40.2% | – | – | – | |
| EPS, diluted | -38.2% | -11.4% | +21.1% | +22.7% | |
| Free cash flow | -16.8% | -19.5% | +11.4% | +20.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 11.7% | |
| Return on assets | – | – | 8.9% | |
| Current ratio | 5.04 | 5.58 | 4.77 | |
| Interest coverage | 3.3× | 11.1× | 22.2× | |
| Inventory turnover | 1.5× | 1.8× | 1.5× | |
| Capex to revenue | 0.9% | 1.6% | 1.3% | |
| Diluted shares | 31M | 34M | 32M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Axcelis Technologies generated $781.79M from operations and spent $405.09M on capital expenditure, dividends and share buybacks. 16% of that went back into the business.
Generated
$781.79M
Used
$405.09M
Capital expenditure$63.53M16%Dividends$00%Share buybacks$341.56M84%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.3%
×Asset turnover0.62×
×Equity multiplier1.32×
=Return on equity, FY202511.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.3% | 0.62× | 1.32× | 11.7% |
| FY2024 | 19.7% | 0.77× | 1.40× | 21.4% |
| FY2023 | 21.8% | 0.99× | 1.50× | 32.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$120.24M
- Cash generatingOperating cash flow above zero$118.31M
- Return on assets improvedROA up on the prior year15.7% → 8.9%
- Earnings backed by cashOperating cash flow above net income$118.31M vs $120.24M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose5.41 → 4.77
- No dilutionShare count did not rise33M → 32M
- Gross margin improvedGross margin up on the prior year44.67% → 44.91%
- More efficientAsset turnover rose0.79 → 0.62