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AI brief of an SEC Form 8-K · Axcelis Technologies (ACLS)

Axcelis Q1 revenue rises to $199.0 million, but GAAP EPS falls to $0.30

Mixed Impact 3 of 5 earnings Written later

Axcelis reported first-quarter 2026 revenue of $199.0 million, up from $192.6 million a year earlier, while GAAP diluted earnings per share fell to $0.30 from $0.88. The company guided second-quarter revenue to about $205 million and GAAP diluted EPS to about $0.57, and said 2026 revenue is expected to be relatively flat versus 2025.

Key points

  • Q1 2026 revenue was $199.0 million versus $192.6 million in Q1 2025; GAAP gross margin was 40.5% versus 46.1%.
  • GAAP diluted EPS was $0.30 versus $0.88; non-GAAP diluted EPS was $0.72 versus $1.06.
  • Q2 2026 outlook: revenue of about $205 million, GAAP diluted EPS of about $0.57, non-GAAP EPS of about $0.90.
  • The company expects to complete its merger with Veeco in the second half of 2026; Q1 transaction and integration costs were $10.4 million.

The filing

CompanyAxcelis Technologies (ACLS)
Form8-K, current report
Filed with the SECMay 7, 2026, 4:15 PM ET
Accession number0001104659-26-057147

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.