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Axcelis Technologies Inc

Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific. The company provides high energy, high current, and medium current implanters for various application requirements. It also offers aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. The company sells its equipment and services to semiconductor chip manufacturers through its direct sales force. Axcelis Technologies, Inc. was founded in 1978 and is headquartered in Beverly, Massachusetts.

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Axcelis Q2 revenue beats forecast, raises full-year outlook

Axcelis Technologies reported second-quarter revenue of $215.2 million and non-GAAP diluted earnings per share of $1.06, both above company forecasts, and raised its full-year 2026 revenue growth outlook to approximately mid-single digits from a prior expectation of flat performance. Systems revenue was $132 million, supported by recovery in power markets and general mature node activity, while CS&I revenue grew sequentially to $83 million on higher customer utilization. Bookings were $131 million with a book-to-bill ratio of approximately 1x over the past three quarters, and backlog stood at $452 million. The company guided third-quarter revenue of approximately $230 million and non-GAAP diluted EPS of $1.11, and expects the pending merger with Veeco Instruments to close in the second half of 2026.
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Veeco lifts 2026 revenue outlook to $780M-$810M, plans to double advanced packaging and silicon photonics capacity in 2027

Veeco Instruments updated its full-year 2026 revenue guidance to a range of $780 million to $810 million and announced plans to more than double its capacity in advanced packaging and silicon photonics during 2027. CEO William Miller said the company sees an important inflection point driven by AI investments, with order momentum accelerating across all major end markets, including $200 million in advanced packaging orders for wet processing and lithography systems that strengthen visibility into 2027. CFO John Kiernan reported second-quarter revenue of $193 million and non-GAAP diluted earnings per share of $0.33, with semiconductor revenue reaching $131 million, an increase of 20% from the prior quarter. The company expects the capacity expansion to pressure near-term profitability, with approximately $10 million in incremental operating expenses and a roughly 75-basis-point impact on full-year gross margin. Veeco also provided third-quarter revenue guidance of $200 million to $220 million and non-GAAP diluted EPS of $0.35 to $0.49, while noting that the pending merger with Axcelis has secured all regulatory clearances except for China antitrust approval and remains on track to close in the second half of 2026.
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Axcelis Stock Doubles This Year on AI Memory Demand and Veeco Merger

Axcelis Technologies' stock price has more than doubled year to date, driven by its role in ion-implantation equipment for AI chip fabrication. The company reported only 3% year-over-year revenue growth in Q1, but that was due to declining sales in Power and General Mature markets, while memory demand fueled strong sequential growth in its customer support and innovation segment. The upcoming merger with Veeco Instruments, whose stock has also more than doubled this year, is expected to close in the second half and could expand market share through complementary AI infrastructure equipment like laser annealing. With the memory industry remaining hot, as evidenced by Micron Technology's recent earnings, investors are anticipating that memory will become a larger share of Axcelis' revenue, potentially driving growth in 2027.
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