Axcelis Technologies Inc (MEX:ACLS)

Q2 2026 Axcelis Technologies Inc Earnings Call Transcript

Aug 6, 2026 / 12:30 PM GMT

Release Date Price: MXN2272

Transcript 8-K

Key Points

Positve

Axcelis Technologies Inc (ACLS) delivered Q2 2026 revenue of $215 million and EPS of $1.06, both exceeding expectations.
The company raised its full-year 2026 outlook from flat revenue to mid single-digit year-over-year growth, citing stronger second-half demand.
Bookings improved sequentially, with a book-to-bill ratio near 1.0 over the past three quarters, indicating greater stability in end markets.
The CSI (Customer Support and Installed Base) business delivered a strong quarter, driven by higher utilization rates, a growing installed base, and successful sales of upgrades.
Power market bookings improved sequentially, exceeding the average levels of the past two years, with new customer wins in China and strong demand for high-energy implant applications.
Memory customer engagement remains robust, with strong year-over-year growth expected in 2026 and momentum extending into 2027, including new orders from a leading North American memory manufacturer.
The company successfully shipped systems for 2-nanometer production and secured follow-on orders, strengthening its position in advanced logic.
Axcelis Technologies Inc (ACLS) maintains a strong balance sheet with $577 million in cash and marketable securities, generating $50 million in free cash flow during the quarter.

Negative

Gross margin of 42.7% came in slightly below the company's outlook of 43%, due to unfavorable mix within the CSI business and higher-than-anticipated service costs.
Memory revenue declined sequentially in Q2 due to timing of available fab space, and the company expects memory sales to remain lumpy until new cleanroom capacity comes online.
The general mature market has not yet seen a pickup in order rates, despite improving end-market trends and utilization.
Operating expenses of $60 million were slightly above the outlook of $59 million, driven by higher variable compensation and fringe costs.
The company expects Q4 operating expenses to be slightly higher than Q3 levels due to continued investments in technology innovation and growth initiatives.
The pending merger with Vico remains subject to regulatory approvals, including from China's State Administration for Market Regulation, creating uncertainty.
Memory business typically carries lower gross margins on the system side, which could pressure overall profitability as memory becomes a larger percentage of sales.

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

ACLS.OQ - Axcelis Technologies, Inc.
Q2 2026 Axcelis Technologies Inc Earnings Call
Aug 06, 2026 / 12:30PM 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 Axellis technologies call to discuss the company's results for the second quarter of 2026.

My name is Grace and I will be your coordinator for today.

I would now like to turn the presentation over to your host for today's call, David Reiszek, Senior Vice President and interim Chief Financial Officer.

Please proceed.

Thank you, operator, this is David Rizic, senior Vice President and interim Chief Financial Officer, and with me today is Russell Lowe, President and CEO.

If you have not seen a copy of our press release issued earlier today, it is available on our website.

In addition, we have prepared slides accompanying

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