Every material Form 8-K Axcelis Technologies filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Axcelis reported third-quarter 2026 revenue of $237.8 million, up from $213.6 million a year earlier, and GAAP diluted earnings per share of $1.21, up from $0.83. The company guided fourth-quarter 2026 revenue to approximately $275 million and GAAP diluted EPS to approximately $1.15, with non-GAAP EPS of approximately $1.50.
Q3 2026 net income was $37.8 million vs. $26.0 million in Q3 2025; GAAP gross margin was 41.0% vs. 41.6%.
Non-GAAP diluted EPS was $1.26 vs. $1.21 a year earlier.
Fourth-quarter 2026 outlook: revenue of approximately $275 million, GAAP diluted EPS of approximately $1.15, non-GAAP EPS of approximately $1.50.
Results include $5.0 million of transaction and integration costs tied to the Veeco Instruments merger agreement announced October 1, 2025.
Axcelis and Veeco said the previously announced all-stock merger is now expected to close by the end of the first quarter of 2027, subject to closing conditions. The timing depends on pending Chinese regulatory approval from SAMR and a new HSR Act filing after the current antitrust clearance expires, and the companies gave no assurance the closing will occur on that timeline. Veeco shareholders would receive 0.3575 Axcelis shares for each Veeco share at closing.
Expected closing: by the end of the first quarter of 2027, with no assurance of that timing
Pending approval from China's State Administration for Market Regulation (SAMR) is a closing condition
Current HSR Act clearance is set to expire; the parties plan to promptly make a new submission
Each Veeco common share converts into 0.3575 Axcelis shares at closing
Axcelis Technologies appointed Jeroen Delsman, formerly a Vice President at Ferrotec USA, as Executive Vice President and Chief Financial Officer effective November 12, 2026, succeeding interim CFO David Ryzhik, who will move to Senior Vice President of Corporate Development and Investor Relations. The filing details a $500,000 base salary and sign-on awards, and notes the appointment is tied to the pending merger with Veeco.
Jeroen Delsman appointed EVP and CFO by the Board on October 24, 2026, effective November 12, 2026
Base salary of $500,000, with a 75% target under the Axcelis Team Incentive plan starting in 2027
Sign-on RSU award with grant date value of $1,200,000, plus a $352,000 sign-on cash bonus and an $80,000 relocation bonus
David Ryzhik moves from interim CFO to Senior Vice President, Corporate Development and Investor Relations, reporting to CEO Russell Low
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.
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.
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.
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.
Axcelis Technologies said Chief Financial Officer James Coogan will leave effective April 24, 2026, and the board named David Ryzhik, its Senior Vice President of Investor Relations and Corporate Strategy, as interim CFO effective March 12, 2026. The company said it will search for a permanent CFO with an executive search firm, and the filing says Coogan's departure did not result from any disagreement over financial statements, operations, policies, or practices.
James Coogan notified the company on March 10, 2026 of his intent to resign as CFO, effective April 24, 2026
David Ryzhik, 46, appointed interim CFO effective March 12, 2026, with a monthly base salary increase of $8,750
Ryzhik's compensation includes a monthly bonus opportunity increase of $27,242 and RSUs with a grant date fair value of $400,000
CEO Russell Low cited Ryzhik's role in the pending merger with Veeco
Axcelis Technologies reported fourth-quarter 2025 revenue of $238.3 million, down from $252.4 million a year earlier, and diluted EPS of $1.10 versus $1.54. For the full year, revenue was $839.0 million compared with $1.02 billion in 2024, and diluted EPS was $3.80 versus $6.15. The company expects first-quarter 2026 revenue of approximately $195 million and says it continues working toward closing its pending merger with Veeco Instruments.
Q4 2025 net income was $34.3 million, versus $50.0 million in Q4 2024; GAAP diluted EPS was $1.10, versus $1.54.
Full-year 2025 revenue was $839.0 million, versus $1.02 billion in 2024; full-year GAAP diluted EPS was $3.80, versus $6.15.
Q1 2026 outlook: revenue of approximately $195 million, GAAP diluted EPS of approximately $0.38, and non-GAAP EPS of approximately $0.71.
Q4 2025 included $7.5 million of transaction and integration costs tied to the Veeco merger agreement announced October 1, 2025.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Axcelis Technologies filing is on SEC EDGAR ↗. 8-K briefs of other companies →