Q4 2025 Axcelis Technologies Inc Earnings Call Transcript

Feb 17, 2026 / 10:00 PM GMT

Release Date Price: $98.5 (+4.18%)

Transcript 10-K8-K

Key Points

Positve

Axcelis Technologies Inc (ACLS) reported strong fourth-quarter results with revenue of $238 million and non-GAAP earnings per share of $1.49, both exceeding expectations.
The company saw significant improvement in bookings, particularly in the Power, General Mature, and memory segments, specifically DRAM.
Axcelis Technologies Inc (ACLS) achieved double-digit year-over-year growth in its CSNI aftermarket business, driven by strategic focus on upgrades and services.
The introduction of the Purion H6, a next-generation high current ion implanter, is expected to support high current applications across various technology nodes.
The company is making meaningful progress towards its merger with Vico, with regulatory clearances in several jurisdictions and shareholder approval secured.

Negative

Revenue from China decreased sequentially, reflecting a digestion of previous investments in mature node capacity.
The company anticipates a sequential decline in CSNI revenue and a less favorable mix in the first quarter of 2026, impacting gross margins.
Axcelis Technologies Inc (ACLS) expects slightly lower year-over-year revenue in the Power and General Mature markets due to continued capacity management by customers.
The company faces challenges with tariffs impacting inventory costs, which are expected to affect gross margins by less than 100 basis points for the full year.
Free cash flow was negative $9 million in the fourth quarter, influenced by the timing of sales and cash transaction expenses related to the pending Vico merger.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACLS.OQ - Axcelis Technologies Inc
Q4 2025 Axcelis Technologies Inc Earnings Call
Feb 17, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, ladies and gentlemen, and welcome to the Excel Technologies call to discuss the company results for the 4th quarter in full year 2025. My name is Victor and I'll be your coordinator for today. I would like to turn the presentation over to your host for today's call, David Rizick, senior Vice President of Investment relations and corporate strategy. Please proceed.

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Unidentified_2 [2]
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Thank you, operator. This is David Rizick, senior Vice President of Investor Relations and Corporate strategy, and with me today is Russell Lowe, President

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