Axcelis Q2 revenue rises to $215.2 million, but GAAP profit falls from a year earlier
Axcelis reported second-quarter 2026 revenue of $215.2 million, up from $194.5 million a year earlier, but GAAP net income fell to $23.3 million from $31.4 million and GAAP diluted EPS fell to $0.75 from $0.98. For the third quarter, the company expects revenue of about $230 million and GAAP diluted EPS of about $0.76, and it now expects year-over-year revenue growth in 2026.
Key points
- Q2 2026 revenue was $215.2 million versus $194.5 million in Q2 2025; GAAP operating margin was 9.4% versus 14.9%.
- Non-GAAP diluted EPS was $1.06 versus $1.13 a year earlier; GAAP diluted EPS was $0.75 versus $0.98.
- Q3 2026 outlook: revenue of about $230 million, GAAP diluted EPS of about $0.76, and non-GAAP EPS of about $1.11.
- Transaction and integration costs related to the pending Veeco merger were $4.8 million in Q2 2026, and the company expects the merger to close in the second half of 2026.
The filing
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 August 06, 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.