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Axcelis Technologies Reports Q2 2025 Financial Results

Beverly, Massachusetts – August 5, 2025
Axcelis Technologies, Inc. (Nasdaq: ACLS) has disclosed its financial results for the second quarter ending June 30, 2025. Despite facing cyclical challenges prevalent in several markets, the company has achieved significant milestones that reflect its resilience and strategic direction.

Key Highlights

In the second quarter, Axcelis reported a revenue of $194.5 million, marking a decrease from $256.5 million compared to the same period the previous year. The GAAP gross margin stood at 44.9%, slightly up from 43.8% year-on-year. Moreover, the company maintained a GAAP operating margin of 14.9%, leading to diluted earnings per share (EPS) of $0.98.

Executive Insights

Russell Low, President and CEO of Axcelis, expressed his enthusiasm for the results, stating, "Axcelis delivered strong results in the second quarter despite the cyclical digestion period in many of our markets. This performance underscores the value we deliver to our clients and the capability of our teams."
Low emphasized the company’s commitment to bolstering customer relationships while expanding its presence in high-value applications, which has been evident through the growth of their Customer Service Integration (CSI) business.

Jamie Coogan, Executive Vice President and CFO, added, "Our robust profitability and cash flow reflect our strategic cost control measures and favorable operational mix. We're encouraged by our increased share repurchase activities totaling $45 million this quarter, which indicates our confidence in our business's compelling long-term fundamentals."

Detailed Results

The table below provides a clearer financial comparison:

Outlook for Q3 2025

Looking ahead, Axcelis anticipates revenues of around $200 million for the third quarter ending September 30, 2025. The company expects GAAP EPS to be approximately $0.87 and non-GAAP EPS to reach around $1.00. Management’s projections reflect a cautious optimism regarding upcoming market demands and operational metrics.

Conclusion

Axcelis Technologies, known for its innovative solutions in the semiconductor sector for over 45 years, continues to enhance its market position through strategic initiatives and a commitment to customer satisfaction. To delve deeper into their results, a conference call has been scheduled today at 8:30 a.m. ET.

For additional information and updates, stakeholders are encouraged to access the investor’s page at Axcelis Official Site.

As Axcelis navigates a dynamic industry landscape, its focus on operational excellence and customer relations will prove critical in driving future growth and profitability in the semiconductor market.