Axcelis Q3 revenue beats estimates

Reuters
2025/11/04
Axcelis Q3 revenue beats estimates

Overview

  • Axcelis Q3 revenue of $213.6 mln beats analyst expectations

  • Adjusted EPS of $1.21 for Q3 exceeds consensus estimates

  • Company announces merger with Veeco Instruments to drive future growth

Outlook

  • Axcelis expects Q4 2025 revenue of approximately $215 mln

  • Company projects Q4 2025 GAAP EPS of approximately $0.76

  • Axcelis forecasts Q4 2025 non-GAAP EPS of approximately $1.12

  • Merger expected to capitalize on AI and electrification trends

Result Drivers

  • AFTERMARKET STRATEGY - Record CS&I revenue attributed to successful aftermarket strategy and expansion of installed base

  • COST MANAGEMENT - Disciplined cost controls helped navigate cyclical market conditions

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$213.61 mln

$200.10 mln (8 Analysts)

Q3 Adjusted EPS

Beat

$1.21

$1 (8 Analysts)

Q3 EPS

$0.83

Q3 Net Income

$25.98 mln

Q3 Gross Profit

$88.80 mln

Q3 Operating Profit

$25.02 mln

Q3 Pretax Profit

$30.15 mln

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."

  • Wall Street's median 12-month price target for Axcelis Technologies Inc is $100.00, about 17.3% above its November 3 closing price of $82.74

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn8vlTMTa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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