Axcelis Technologies (NASDAQ:ACLS) Updates Q3 2026 Earnings Guidance

Key Points

• Axcelis raised or reaffirmed strong Q3 2026 guidance, projecting EPS of $1.11 versus the $1.01 consensus and revenue of $230 million versus the $214.8 million estimate.
• Shares rose 3.1% to $140.87, while analyst sentiment remained mixed: the consensus rating was “Hold” with an average price target of $130.25.
• Insiders sold 26,083 shares worth approximately $4.0 million over the last quarter, while institutional investors owned 89.98% of the company’s stock.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.110-1.110 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of $230.0 million-$230.0 million, compared to the consensus revenue estimate of $214.8 million.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Bank of America upped their price target on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. B. Riley Financial raised Axcelis Technologies from a "neutral" rating to a "buy" rating and set a $150.00 target price for the company in a report on Monday, April 20th. Zacks Research upgraded Axcelis Technologies from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Finally, Weiss Ratings cut Axcelis Technologies from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $130.25.

Axcelis Technologies Trading Up 3.1%

Shares of NASDAQ ACLS traded up $4.20 during trading on Thursday, reaching $140.87. The company had a trading volume of 205,164 shares, compared to its average volume of 700,356. The company's fifty day moving average price is $153.04 and its 200-day moving average price is $123.90. Axcelis Technologies has a 12 month low of $73.60 and a 12 month high of $193.78. The stock has a market cap of $4.33 billion, a P/E ratio of 43.79, a PEG ratio of 9.89 and a beta of 1.92. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.17. The company had revenue of $215.18 million during the quarter, compared to the consensus estimate of $205.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm's revenue was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. As a group, research analysts expect that Axcelis Technologies will post 3.21 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In other news, Director Necip Sayiner sold 1,586 shares of the company's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.44, for a total transaction of $249,699.84. Following the transaction, the director directly owned 7,112 shares of the company's stock, valued at $1,119,713.28. This represents a 18.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald M. Blumenstock sold 1,161 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $152.70, for a total transaction of $177,284.70. Following the completion of the sale, the executive vice president owned 20,493 shares in the company, valued at $3,129,281.10. This represents a 5.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 26,083 shares of company stock worth $4,001,032 over the last quarter. 0.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Abel Hall LLC purchased a new position in shares of Axcelis Technologies in the 4th quarter worth about $211,000. Commonwealth Equity Services LLC grew its holdings in Axcelis Technologies by 12.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,898 shares of the semiconductor company's stock valued at $233,000 after purchasing an additional 313 shares during the period. Vise Technologies Inc. increased its position in Axcelis Technologies by 7.5% in the fourth quarter. Vise Technologies Inc. now owns 2,937 shares of the semiconductor company's stock worth $236,000 after buying an additional 204 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Axcelis Technologies in the third quarter valued at $217,000. Finally, Inceptionr LLC bought a new stake in shares of Axcelis Technologies in the third quarter valued at $221,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company's product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.

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