Shares of Axcelis Technologies (ACLS) are surging 5.03% in pre-market trading on Tuesday, following the company's release of its third-quarter 2025 financial results that exceeded analyst expectations. The semiconductor equipment manufacturer reported robust earnings and provided an optimistic forecast, driving investor enthusiasm.

Axcelis announced third-quarter revenue of $213.6 million, significantly surpassing the analyst consensus estimate of $200.1 million. The company's adjusted earnings per share (EPS) came in at $1.21, well above the expected $1.00 per share. This strong performance demonstrates Axcelis' ability to navigate the challenging semiconductor market landscape effectively.

Adding to the positive sentiment, Axcelis provided an encouraging outlook for the fourth quarter of 2025. The company expects revenue of approximately $215 million, indicating continued growth momentum. This guidance suggests that Axcelis is maintaining its strong market position and benefiting from ongoing demand in the semiconductor industry. The combination of better-than-expected current results and a positive forward outlook is likely driving the pre-market stock surge as investors recalibrate their expectations for the company's near-term performance.