09:01 AM EDT, 05/06/2025 (MT Newswires) -- Axcelis Technologies ( ACLS ) reported Q1 non-GAAP earnings Tuesday of $1.04 per diluted share, down from $1.68 a year earlier.

Four analysts polled by FactSet expected $0.39.

Total revenue for the quarter ended March 31 was $192.6 million, down from $252.4 million a year earlier.

Analysts surveyed by FactSet expected $184.9 million.

The company said it expects Q2 non-GAAP EPS of $0.73 on revenue of roughly $185 million. Four analysts polled by FactSet expect non-GAAP EPS of $0.49 and revenue of $189.2 million.

Axcelis' ( ACLS ) stock was up 6% in recent Tuesday premarket activity.