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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 |
| 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 |
| Operating Income | - | 212.36 | 265.80 | 210.79 | 119.32 |
| EBITDA | - | 222.07 | 297.02 | 251.54 | 161.23 |
| EBIT | - | 210.46 | 283.95 | 235.74 | 143.61 |
| Pretax Income | - | 204.88 | 278.60 | 230.27 | 138.25 |
| Tax Provision | - | 21.81 | 32.34 | 29.28 | 18.01 |
| Net Income | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Net Income Common Stockholders | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Total Expenses | - | 707.64 | 864.81 | 807.07 | 719.73 |
| Interest Expense | - | 5.58 | 5.35 | 5.46 | 5.36 |
| Interest Income | - | 4.55 | 18.20 | 24.40 | 21.48 |
| Research And Development | - | 78.36 | 96.91 | 105.50 | 108.96 |
| Selling General And Administration | - | 111.07 | 128.60 | 138.36 | 148.57 |
| Normalized EBITDA | - | 222.07 | 297.02 | 251.54 | 161.23 |
| Normalized Income | - | 183.08 | 246.26 | 200.99 | 120.24 |
| Market Cap | 4,398.38 | 4,398.38 | 4,398.38 | 4,398.38 | 4,398.38 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Axcelis Technologies, Inc.this co. | ACLS | - | 36.58↑ premium | 4.25 | 11.6% | 26.64 |
| Teradata Corporation | TDC | $2.5B | 19.22 | 10.86 | 56.5% | 8.72 |
| Verra Mobility Corporation | VRRM | $2.4B | 16.70 | 7.79 | 46.6% | 8.73 |
| Insight Enterprises, Inc. | NSIT | $2.3B | 14.13 | 1.35 | 9.5% | 8.28 |
| ePlus inc. | PLUS | $2.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.77 |
| 2.29 |
| 11.0% |
| 10.97 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B | 16.67 | 2.61 | 15.6% | 10.06 |
| DXC Technology Company | DXC | $2.1B | 5.18 | 0.62 | 12.0% | 2.16 |
| Digi International Inc. | DGII | $2.1B | 52.23 | 3.35 | 6.4% | 25.20 |
| SPS Commerce, Inc. | SPSC | $2.1B | 21.89 | 2.10 | 9.6% | 10.76 |
| Peer Median | - | 17.96 | 2.45 | 11.5% | 9.40 | |