Axcelis Technologies, Inc. (ACLS) Income Statement
ACLS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsACLS revenue and net income
Where ACLS's revenue goes
2025Each bar shows an amount and its share of revenue. ACLS kept 14.3% of revenue as net income.
ACLS profit margins
ACLS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −17.6% | −3.0% | +12.1% | +10.8% |
| Gross profit | −17.1% | −2.1% | +13.7% | +14.0% |
| Operating income | −43.4% | −17.5% | +15.5% | +19.1% |
| Net income | −40.2% | −13.1% | +19.2% | +23.4% |
| EPS (diluted) | −20.8% | −3.7% | +27.1% | +25.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ACLS quarterly EPS vs estimates
Axcelis Technologies beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.90).
ACLS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $839.0M | $1.02B | $1.13B | $920.0M | $662.4M | $474.6M | $343.0M | $442.6M | $410.6M | $267.0M |
| Cost of revenue | $462.2M | $563.2M | $639.3M | $518.2M | $376.0M | $276.0M | $198.8M | $262.9M | $260.3M | $167.4M |
| Gross profit | $376.8M | $454.7M | $491.3M | $401.8M | $286.4M | $198.6M | $144.2M | $179.6M | $150.2M | $99.6M |
| Research & development | $109.0M | $105.5M | $96.9M | $78.4M | $65.4M | $61.8M | $53.9M | $51.9M | $43.1M | $34.4M |
| Sales, general & admin | $148.6M | $138.4M | $128.6M | $111.1M | $93.7M | $78.7M | $66.0M | $67.8M | $59.3M | $48.3M |
| Total operating expenses | $257.5M | $243.9M | $225.5M | $189.4M | $159.1M | $140.5M | $119.9M | $119.7M | $102.4M | $82.7M |
| Operating income | $119.3M | $210.8M | $265.8M | $212.4M | $127.3M | $58.0M | $24.2M | $60.0M | $47.8M | $16.6M |
| Interest income | $16.1M | $24.4M | $15.8M | $1.0M | $209,000 | $738,000 | $3.0M | $2.3M | $714,000 | $238,000 |
| Interest expense | $5.4M | $5.5M | $5.3M | $5.6M | $4.8M | $5.2M | $5.2M | $5.1M | $5.1M | $5.1M |
| Income before taxes | $138.2M | $230.3M | $278.6M | $204.9M | $120.4M | $55.9M | $20.9M | $54.7M | $43.8M | $11.0M |
| Income taxes | $18.0M | $29.3M | $32.3M | $21.8M | $21.8M | $5.9M | $3.9M | $8.8M | −$83.1M | $23,000 |
| Net income | $120.2M | $201.0M | $246.3M | $183.1M | $98.7M | $50.0M | $17.0M | $45.9M | $127.0M | $11.0M |
| EBITDA | $161.2M | $251.5M | $297.0M | $222.1M | $136.1M | $71.0M | $34.0M | $65.6M | $54.0M | $20.4M |
| EPS (diluted) | $4.87 | $6.15 | $7.43 | $5.46 | $2.89 | $1.47 | $0.51 | $1.35 | $1.53 | $0.38 |
| Gross margin | 44.9% | 44.7% | 43.5% | 43.7% | 43.2% | 41.8% | 42.0% | 40.6% | 36.6% | 37.3% |
| Operating margin | 14.2% | 20.7% | 23.5% | 23.1% | 19.2% | 12.2% | 7.1% | 13.5% | 11.7% | 6.2% |
| Net margin | 14.3% | 19.7% | 21.8% | 19.9% | 14.9% | 10.5% | 5.0% | 10.4% | 30.9% | 4.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $215.2M | $199.0M | $238.3M | $213.6M | $194.5M | $192.6M | $252.4M | $256.6M | $256.5M | $252.4M | $310.3M | $292.3M |
| Cost of revenue | $124.0M | $118.4M | $126.4M | $124.8M | $107.2M | $103.8M | $136.2M | $146.6M | $144.1M | $136.3M | $172.4M | $162.6M |
| Gross profit | $91.2M | $80.6M | $111.9M | $88.8M | $87.3M | $88.8M | $116.2M | $110.0M | $112.4M | $116.1M | $137.9M | $129.7M |
| Research & development | $29.0M | $28.5M | $30.1M | $24.6M | $27.1M | $27.1M | $27.7M | $26.4M | $25.8M | $25.7M | $24.9M | $24.1M |
| Sales, general & admin | $41.9M | $44.1M | $45.6M | $39.1M | $31.3M | $32.5M | $34.0M | $36.7M | $33.8M | $33.9M | $33.9M | $33.9M |
| Total operating expenses | $70.9M | $72.6M | $75.8M | $63.8M | $58.4M | $59.6M | $61.7M | $63.1M | $59.6M | $59.5M | $58.8M | $58.0M |
| Operating income | $20.3M | $8.0M | $36.2M | $25.0M | $29.0M | $29.2M | $54.5M | $46.9M | $52.8M | $56.5M | $79.1M | $71.7M |
| Interest income | $4.6M | $4.5M | $3.6M | $5.5M | $5.5M | $5.6M | $6.3M | $6.6M | $6.1M | $5.5M | $5.4M | $4.6M |
| Interest expense | $1.3M | $1.3M | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M |
| Income before taxes | $25.3M | $10.6M | $40.0M | $30.1M | $35.0M | $33.1M | $58.6M | $55.4M | $57.3M | $59.0M | $87.4M | $73.7M |
| Income taxes | $2.1M | $1.4M | $5.7M | $4.2M | $3.6M | $4.5M | $8.7M | $6.8M | $6.4M | $7.4M | $16.4M | $7.7M |
| Net income | $23.3M | $9.2M | $34.3M | $26.0M | $31.4M | $28.6M | $50.0M | $48.6M | $50.9M | $51.6M | $71.1M | $65.9M |
| EBITDA | $31.1M | $16.4M | $45.8M | $34.5M | $40.9M | $38.8M | $64.4M | $60.6M | $62.5M | $64.1M | $92.3M | $78.2M |
| EPS (diluted) | $0.90 | $0.72 | $1.49 | $1.21 | $1.13 | $1.04 | $1.54 | $1.49 | $1.55 | $1.57 | $2.15 | $1.99 |
| Gross margin | 42.4% | 40.5% | 47.0% | 41.6% | 44.9% | 46.1% | 46.0% | 42.9% | 43.8% | 46.0% | 44.4% | 44.4% |
| Operating margin | 9.4% | 4.0% | 15.2% | 11.7% | 14.9% | 15.1% | 21.6% | 18.3% | 20.6% | 22.4% | 25.5% | 24.5% |
| Net margin | 10.8% | 4.6% | 14.4% | 12.2% | 16.1% | 14.8% | 19.8% | 18.9% | 19.8% | 20.4% | 22.9% | 22.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ACLS's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ACLS financial results
In fiscal year 2025 (ended December 31, 2025), Axcelis Technologies reported revenue of $839.0 million, down 17.6% from the year before. It had net income of $120.2 million (down 40.2%), a net profit margin of 14.3%. Diluted earnings per share came to $4.87. Over five years revenue grew at an average rate of 12.1% a year.
See the ACLS stock overview for the latest quote and news, or the ACLS chart for price history and technical indicators.
ACLS income statement FAQ
What is Axcelis Technologies's annual revenue?
Axcelis Technologies reported total revenue of $839.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 17.6% from $1.0 billion the previous year.
Is Axcelis Technologies profitable?
Yes. Axcelis Technologies reported net income of $120.2 million in fiscal 2025, a net profit margin of 14.3%; its operating margin was 14.2%.
What is Axcelis Technologies's gross margin?
Axcelis Technologies's gross margin was 44.9% in fiscal 2025: for every $100 of revenue, Axcelis Technologies kept $45 after the direct cost of its products and services.
How much does Axcelis Technologies spend on research and development?
Axcelis Technologies spent $109.0 million on research and development in fiscal 2025, 13.0% of revenue.
How fast is Axcelis Technologies growing?
Revenue grew 12.1% a year on average over the last five fiscal years, from $474.6 million to $839.0 million.
What are Axcelis Technologies's earnings per share?
Axcelis Technologies earned $4.87 per diluted share in fiscal 2025, compared with $6.15 a year earlier.
When will Axcelis Technologies report its next earnings?
Axcelis Technologies is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does Axcelis Technologies's fiscal year end?
Axcelis Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.