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Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific. The company provides high energy, high current, and medium current implanters for various application requirements. It also offers aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services, and customer training. The company sells its equipment and services to semiconductor chip manufacturers through its direct sales force. Axcelis Technologies, Inc. was founded in 1978 and is headquartered in Beverly, Massachusetts.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $839M | $161M | $120M | $107M | 11.6% | -17.6% | -40.2% |
| 2024 | $1.0B | $252M | $201M | $129M | 19.8% | -10.0% | -18.4% |
| 2023 | $1.1B | $297M | $246M | $136M | 28.5% | 22.9% | 34.5% |
| 2022 | $920M | $222M | $183M | $205M | 27.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 920 | 1,130.60 | 1,017.86 | 839.05 |
| Operating Revenue | - | 920 | 1,130.60 | 1,017.86 | 839.05 |
| Cost Of Revenue | - | 518.21 | 639.30 | 563.21 | 462.20 |
| Gross Profit | - | 401.79 | 491.30 | 454.65 | 376.85 |
| Operating Expense | - | 189.43 | 225.51 | 243.86 | 257.53 |
| Research And Development | - | 78.36 | 96.91 | 105.50 | 108.96 |
| Selling General And Administration | - | 111.07 | 128.60 | 138.36 | 148.57 |
| Total Expenses | - | 707.64 | 864.81 | 807.07 | 719.73 |
| Operating Income | - | 212.36 | 265.80 | 210.79 | 119.32 |
| Total Operating Income As Reported | - | 212.36 | 265.80 | 210.79 | 119.32 |
| EBITDA | - | 222.07 | 297.02 | 251.54 | 161.23 |
| Normalized EBITDA | - | 222.07 | 297.02 | 251.54 | 161.23 |
| EBIT | - | 210.46 | 283.95 | 235.74 | 143.61 |
| Interest Income | - | 4.55 | 18.20 | 24.40 | 21.48 |
| Interest Expense | - | 5.58 | 5.35 | 5.46 | 5.36 |
| Net Interest Income | - | -1.02 | 12.85 | 18.94 | 16.12 |
| Other Non Operating Income Expenses | - | -6.45 | -0.05 | 0.54 | 2.81 |
| Other Income Expense | - | -6.45 | -0.05 | 0.54 | 2.81 |
| Interest Income Non Operating | - | 4.55 | 18.20 | 24.40 | 21.48 |
| Interest Expense Non Operating | - | 5.58 | 5.35 | 5.46 | 5.36 |
| Net Non Operating Interest Income Expense | - | -1.02 | 12.85 | 18.94 | 16.12 |
| Pretax Income | - | 204.88 | 278.60 | 230.27 | 138.25 |
| Tax Provision | - | 21.81 | 32.34 | 29.28 | 18.01 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Net Income From Continuing And Discontinued Operation | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Net Income From Continuing Operation Net Minority Interest | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Net Income | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Net Income Common Stockholders | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Net Income Including Noncontrolling Interests | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Normalized Income | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Diluted NI Availto Com Stockholders | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Basic Average Shares | - | 33.04 | 32.76 | 32.55 | 31.57 |
| Diluted Average Shares | - | 33.54 | 33.16 | 32.70 | 31.67 |
| Reconciled Depreciation | - | 11.61 | 13.07 | 15.81 | 17.61 |
| Reconciled Cost Of Revenue | - | 518.21 | 639.30 | 563.21 | 462.20 |
| General And Administrative Expense | - | 57.47 | 65.79 | 70.32 | 83.21 |
| Other Gand A | - | 57.47 | 65.79 | 70.32 | 83.21 |
| Selling And Marketing Expense | - | 53.60 | 62.80 | 68.05 | 65.37 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Axcelis Technologies, Inc.this co. | ACLS | $5.0B | 41.37↑ premium | 4.81 | 11.6% | 28.80 |
| Kulicke and Soffa Industries, Inc. | KLIC | $5.6B | 26417.05 | 6.85 | 0.0% | 141.24 |
| Lyft, Inc. | LYFT | $5.4B | 1.89 | 1.64 | 86.9% | 53.59 |
| Diodes Incorporated | DIOD | $5.2B | 78.15 | 2.75 | 3.5% | 21.25 |
| EPAM Systems, Inc. | EPAM | $5.1B |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.50 |
| 1.39 |
| 10.3% |
| 5.75 |
| Power Integrations, Inc. | POWI | $4.8B | 215.13 | 7.06 | 3.3% | 117.83 |
| SolarEdge Technologies, Inc. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| ACI Worldwide, Inc. | ACIW | $4.3B | 19.00 | 2.83 | 14.9% | 10.53 |
| Ultra Clean Holdings, Inc. | UCTT | $4.2B | -23.18 | 5.91 | -25.5% | -144.65 |
| Peer Median | - | 16.25 | 4.37 | 3.4% | 15.89 | |