Overview

* Axcelis ( ACLS ) Q3 revenue of $213.6 mln beats analyst expectations

* Adjusted EPS of $1.21 for Q3 exceeds consensus estimates

* Company announces merger with Veeco Instruments to drive future growth

Outlook

* Axcelis expects Q4 2025 revenue of approximately $215 mln

* Company projects Q4 2025 GAAP EPS of approximately $0.76

* Axcelis forecasts Q4 2025 non-GAAP EPS of approximately $1.12

* Merger expected to capitalize on AI and electrification trends

Result Drivers

* AFTERMARKET STRATEGY - Record CS&I revenue attributed to successful aftermarket strategy and expansion of installed base

* COST MANAGEMENT - Disciplined cost controls helped navigate cyclical market conditions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $213.61 $200.10

Revenue mln mln (8

Analysts

)

Q3 Beat $1.21 $1 (8

Adjusted Analysts

EPS )

Q3 EPS $0.83

Q3 Net $25.98

Income mln

Q3 Gross $88.80

Profit mln

Q3 $25.02

Operatin mln

g Profit

Q3 $30.15

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."

* Wall Street's median 12-month price target for Axcelis Technologies Inc ( ACLS ) is $100.00, about 17.3% above its November 3 closing price of $82.74

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)