Axcelis Technologies Inc. reported third quarter 2025 revenue of $213.6 million, compared to $256.6 million in the same period of 2024. GAAP gross margin was 41.6%, and GAAP operating margin was 11.7%, down from 42.9% and 18.3% respectively year-over-year. Net income for the quarter was $26.0 million, with GAAP diluted earnings per share of $0.83, compared to $48.6 million and $1.49 per share in the prior year. Non-GAAP diluted earnings per share were $1.21. The company reported record CS&I revenue in the quarter, reflecting growth in its aftermarket operations and installed base expansion. For the fourth quarter of 2025, Axcelis expects revenue of approximately $215.0 million, GAAP earnings per diluted share of about $0.76, and non-GAAP earnings per share of about $1.12.