Overview

• Semiconductor equipment maker's Q4 revenue of $238 mln beat analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company achieved record CS&I revenue, driven by strong aftermarket strategy

Outlook

• Axcelis expects Q1 2026 revenue of approximately $195 mln

• Company projects Q1 2026 GAAP EPS of $0.38

• Axcelis anticipates Q1 2026 non-GAAP EPS of $0.71

Result Drivers

• RECORD CS&I REVENUE - Axcelis reported record CS&I revenue, driven by a strong aftermarket strategy and a growing installed base

• MIXED DEMAND - Co said customers are navigating a mixed demand environment in Power and General Mature markets

• IMPROVING MEMORY MARKET - Axcelis noted improving demand trends in the Memory market

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Beat	$238.33 mln	$215.04 mln (6 Analysts)
Q4 Adjusted EPS	Beat	$1.49	$1.12 (6 Analysts)
Q4 EPS		$1.10
Q4 Net Income		$34.30 mln
Q4 Gross Profit		$111.93 mln
Q4 Operating Profit		$36.17 mln
Q4 Pretax Profit		$40.02 mln

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 is $97.50, about 3.1% above its February 13 closing price of $94.55

• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn7WMGF4a

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