Revenue: As of FY2026 Q2, the actual value is USD 215.18 M, beating the estimate of USD 205.04 M.

EPS: As of FY2026 Q2, the actual value is USD 0.75, beating the estimate of USD 0.6033.

EBIT: As of FY2026 Q2, the actual value is USD 26.61 M.

Second Quarter 2026 Financial Highlights

Revenue

• Total revenue for the three months ended June 30, 2026, was $215,175 thousand, compared to $194,544 thousand for the same period in 2025.
• Product revenue was $200,488 thousand for Q2 2026, up from $183,402 thousand in Q2 2025.
• Services revenue was $14,687 thousand for Q2 2026, compared to $11,142 thousand in Q2 2025.

Gross Profit and Margin

• GAAP gross profit for Q2 2026 was $91,189 thousand, compared to $87,343 thousand for Q2 2025.
• GAAP gross margin was 42.4% in Q2 2026, a decrease from 44.9% in Q2 2025.
• Non-GAAP gross profit was $91,944 thousand in Q2 2026, compared to $87,912 thousand in Q2 2025.
• Non-GAAP gross margin was 42.7% in Q2 2026, down from 45.2% in Q2 2025.

Operating Expenses

• Total operating expenses for Q2 2026 were $70,908 thousand, an increase from $58,378 thousand in Q2 2025.
• Research and development expenses were $28,977 thousand in Q2 2026, up from $27,064 thousand in Q2 2025.
• Sales and marketing expenses increased to $19,554 thousand in Q2 2026 from $15,003 thousand in Q2 2025.
• General and administrative expenses were $22,377 thousand in Q2 2026, compared to $16,311 thousand in Q2 2025.

Income from Operations and Operating Margin

• GAAP income from operations was $20,281 thousand in Q2 2026, down from $28,965 thousand in Q2 2025.
• GAAP operating margin was 9.4% in Q2 2026, a decrease from 14.9% in Q2 2025.
• Non-GAAP operating income was $31,533 thousand in Q2 2026, compared to $34,357 thousand in Q2 2025.
• Non-GAAP operating margin was 14.7% in Q2 2026, down from 17.7% in Q2 2025.

Net Income

• GAAP net income for Q2 2026 was $23,291 thousand, compared to $31,376 thousand in Q2 2025.
• Non-GAAP net income was $32,968 thousand in Q2 2026, down from $36,013 thousand in Q2 2025.

Adjusted EBITDA

• Adjusted EBITDA was $35,972 thousand in Q2 2026, compared to $38,872 thousand in Q2 2025.
• Adjusted EBITDA margin was 16.7% in Q2 2026, down from 20.0% in Q2 2025.

Cash Flow from Operating Activities

• Net cash provided by operating activities for the three months ended June 30, 2026, was $18,373 thousand, a decrease from $39,727 thousand for the same period in 2025.

Six Months Ended June 30 Financial Highlights

Revenue

• Total revenue for the six months ended June 30, 2026, was $414,131 thousand, compared to $387,107 thousand for the same period in 2025.
• Product revenue was $388,497 thousand for the six months ended June 30, 2026, up from $366,226 thousand in the prior year period.
• Services revenue was $25,634 thousand for the six months ended June 30, 2026, compared to $20,881 thousand in the prior year period.

Gross Profit and Margin

• GAAP gross profit for the six months ended June 30, 2026, was $171,770 thousand, compared to $176,111 thousand for the same period in 2025.
• Non-GAAP gross profit for the six months ended June 30, 2026, was $172,967 thousand, compared to $177,259 thousand for the same period in 2025.

Operating Expenses

• Total operating expenses for the six months ended June 30, 2026, were $143,539 thousand, an increase from $117,987 thousand in the prior year period.

Income from Operations and Operating Margin

• GAAP income from operations was $28,231 thousand for the six months ended June 30, 2026, down from $58,124 thousand in the prior year period.
• Non-GAAP operating income was $54,845 thousand for the six months ended June 30, 2026, compared to $70,049 thousand in the prior year period.

Net Income

• GAAP net income for the six months ended June 30, 2026, was $32,505 thousand, compared to $59,955 thousand in the prior year period.
• Non-GAAP net income for the six months ended June 30, 2026, was $55,393 thousand, compared to $70,210 thousand in the prior year period.

Adjusted EBITDA

• Adjusted EBITDA was $63,720 thousand for the six months ended June 30, 2026, compared to $78,873 thousand in the prior year period.

Cash Flow from Operating Activities

• Net cash provided by operating activities for the six months ended June 30, 2026, was $36,512 thousand, a decrease from $79,522 thousand for the same period in 2025.

Business Outlook

Axcelis Technologies, Inc. (亚舍立科技) anticipates revenues of approximately $230 million for the third quarter ending September 30, 2026, along with GAAP earnings per diluted share of approximately $0.76 and non-GAAP earnings per share of approximately $1.11. The company expects year-over-year revenue growth in 2026, with momentum continuing into 2027, and looks forward to closing the pending merger with Veeco in the second half of 2026.