Axcelis Technologies, Inc. logo ACLS - Axcelis Technologies, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $128.00 DETAILS
HIGH: $174.00
LOW: $100.00
MEDIAN: $110.00
CONSENSUS: $128.00
DOWNSIDE: 18.44%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Revenue
Revenue 839.0 1,017.9 1,130.6 920.0 662.4 474.6 343.0 442.6 410.6 267.0 301.5 203.1 195.6 203.4 319.4 275.2 133.0 250.2 404.8 461.7 372.5 508.0 322.0 309.7 365.3 680.4 397.3
Cost of Revenue 462.2 563.2 639.3 518.2 376.0 276.0 198.8 262.9 260.3 167.4 199.8 132.9 127.7 145.2 204.7 189.4 105.0 187.6 251.9 270.2 218.1 296.4 217.6 205.7 234.2 372.6 230.4
Gross Profit 376.8 454.7 491.3 401.8 286.4 198.6 144.2 179.6 150.2 99.6 101.7 70.2 67.9 58.2 114.7 85.8 28.1 62.6 152.9 191.5 154.4 211.5 104.4 104.0 131.0 307.8 166.9
Operating Expenses
R&D Expenses 109.0 105.5 96.9 78.4 65.4 61.8 53.9 51.9 43.1 34.4 32.6 33.5 34.8 40.4 47.2 39.5 32.7 63.3 72.0 72.4 70.9 63.2 63.3 72.1 76.5 68.8 51.6
SG&A Expenses 148.6 138.4 128.6 111.1 93.7 78.7 66.0 67.8 59.3 48.3 48.4 44.7 46.6 52.4 60.4 59.7 59.3 87.6 91.7 92.2 90.5 93.7 87.3 88.8 107.5 116.6 83.9
Other Expenses 0 0 0 0 0 0 0 0 0.4 (0.8) (0.6) 0 0 0 0 0 0 2.6 7.3 2.6 2.4 (487.6) 2.0 1.5 9.3 17.8 19.1
Operating Expenses 257.5 243.9 225.5 189.4 159.1 140.5 119.9 119.7 102.4 82.7 81.0 78.2 81.4 92.8 107.6 99.2 92.0 153.5 171.0 167.1 163.8 (330.6) 152.5 162.3 193.3 203.2 154.6
Operating Income
Operating Income 119.3 210.8 265.8 212.4 127.3 58.0 24.2 60.0 47.8 16.6 20.7 (10.7) (14.6) (30.9) 7.1 (13.4) (69.4) (186.8) (20.7) 23.7 (15.9) 541.1 (53.1) (58.3) (62.2) 104.6 12.3
Interest Expense 5.4 5.5 5.3 5.6 4.8 5.2 5.2 5.1 5.1 5.1 5.0 1.1 0.5 0 0 0 1.7 6.7 0 0 0 0 0 0 0 0 0
Interest Income 21.5 24.4 18.2 4.6 0.2 0.7 3.0 2.3 0.7 0.2 0.1 0.0 0.0 0.0 0.0 0.1 0.2 1.6 0 0 0 0 0 0 5.4 0 0
Profitability
EBITDA 161.2 251.5 297.0 222.1 136.1 71.0 34.0 65.6 54.0 20.4 25.6 (4.5) (10.6) (25.5) 16.0 (6.3) (67.5) (165.5) 3.8 72.0 14.3 104.8 (33.9) (46.6) (41.0) 122.5 31.4
EBIT 143.6 235.7 283.9 210.5 125.3 61.1 26.1 60.0 47.8 16.1 20.7 (9.1) (15.6) (32.4) 7.5 (13.4) (74.9) (189.1) (18.2) 24.4 (9.4) 542.1 (12.1) (58.3) (62.2) 104.6 12.3
Income Before Tax 138.2 230.3 278.6 204.9 120.4 55.9 20.9 54.7 43.8 11.0 15.2 (10.2) (16.1) (32.4) 7.5 (17.3) (76.6) (195.8) (11.8) 42.8 (2.0) 75.1 (44.3) (49.7) (40.4) 144.3 19.6
Income Tax Expense 18.0 29.3 32.3 21.8 21.8 5.9 3.9 8.8 (83.1) 0.0 0.5 1.1 1.0 1.6 2.4 0.3 0.9 0.9 (0.4) 2.0 1.9 1.0 69.5 (23.6) (20.2) 45.2 5.1
Net Income 120.2 201.0 246.3 183.1 98.7 50.0 17.0 45.9 127.0 11.0 14.7 (11.3) (17.1) (34.0) 5.1 (17.6) (77.5) (196.7) (11.4) 40.8 (3.9) 74.2 (113.9) (26.1) (20.2) 99.1 14.4
Per Share Data
EPS (Basic) 3.81 6.17 7.52 5.54 2.94 1.50 0.52 1.35 4.11 0.38 0.52 -0.40 -0.64 -1.28 0.20 -0.67 -2.99 -7.66 -0.45 1.60 -0.15 3.00 -4.62 -1.07 -0.83 4.52 0.60
EPS (Diluted) 3.80 6.15 7.43 5.46 2.88 1.46 0.50 1.35 3.80 0.36 0.48 -0.40 -0.63 -1.26 0.20 -0.67 -2.99 -7.66 -0.45 1.60 -0.15 2.92 -4.62 -1.07 -0.83 4.52 0.60
Shares Outstanding 31.6 32.6 32.8 33.0 33.6 33.3 32.6 34.0 30.9 29.2 28.6 27.9 26.8 26.6 26.6 26.1 25.9 25.7 25.5 25.3 25.1 24.9 24.6 24.5 24.3 22.0 23.7
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999
Current Assets
Cash & Cash Equivalents 145.5 123.5 167.3 185.6 294.9 203.5 139.9 178.0 133.4 70.8 45.0 37.7 168.5 93.2 150.7 124.2 168.2 3.5
Short-Term Investments 228.8 447.8 338.9 246.6 0 0 0 0 0 0 0 0 18.5 15.0 35.0 0 0 0
Net Receivables 168.5 203.1 218.0 169.8 104.4 86.9 83.8 78.7 75.3 50.6 19.1 27.5 83.8 84.9 60.3 63.1 150.5 112.6
Inventory 329.0 282.2 306.5 242.4 195.0 161.1 140.4 129 120.5 113.9 114.6 150.1 116.3 124.0 115.3 105.3 122.0 83.3
Other Current Assets 66.8 60.5 49.4 33.3 0 0 0 11.1 0.8 5.5 4.9 8.7 3.5 12.7 18.3 18.6 26.9 36.1
Total Current Assets 943.2 1,123.6 1,080.0 877.6 619.2 470.8 375.7 396.8 361.4 235.2 193.6 241.2 405.6 329.9 379.6 311.2 467.5 235.5
Non-Current Assets
Property, Plant & Equipment 99.2 98.8 101.3 69.8 63.5 54.9 53.1 41.1 36.2 30.8 40.9 44.4 75.3 80.9 93.6 92.6 75.7 73.8
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 46.8 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 17.7 66.9 53.8 53.9 63.4 73.2
Long-Term Investments 193.0 0 0 0 0 0 0 6.9 6.7 6.9 0 156.7 0 (8.9) 0 (18.6) 0 0
Other Non-Current Assets 46.0 58.1 47.2 34.5 35.1 41.1 51.3 38.6 7.5 29.3 16.1 12.9 143.6 107.9 85.3 93.7 65.8 40.3
Total Non-Current Assets 418.1 225.2 202.0 136.0 134.0 153.8 172.4 151.7 126.8 67.0 57.0 214.0 283.3 255.7 289.9 240.2 204.8 187.3
Total Assets 1,361.4 1,348.8 1,282.0 1,013.6 753.2 624.6 548.1 548.4 488.2 302.2 250.6 455.2 688.9 585.6 669.5 551.4 672.3 422.8
Current Liabilities
Account Payables 42.3 46.9 54.4 62.3 38.0 24.0 25.3 36.0 32.6 25.0 9.7 8.1 24.3 36.3 32.6 32.6 46.9 24.6
Short-Term Debt 1.6 0 0 0 0 0 0 0 0 0 0 83.2 0 0 0 0 0 0
Deferred Revenue 65.5 94.7 164.7 123.5 60.5 21.2 24.6 19.5 18.1 11.0 5.1 12.5 34.0 14.4 0 0 0 0
Other Current Liabilities 42.7 64.6 58.4 56.8 49.8 37.8 15.3 9.8 26.1 7.0 4.2 10.0 22.0 36.0 47.8 52.2 123.3 41.2
Total Current Liabilities 197.7 207.5 285.1 248.1 150.1 84.4 68.7 85.0 76.5 44.1 29.8 130.0 107.4 101.9 87.2 84.8 170.2 65.7
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 125 125 125 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 (2.0) (0.7) 0 0 (7.7) 0 0 0 7.4 10.2
Other Non-Current Liabilities 44.8 42.6 42.1 21.8 9.7 9.4 7.2 4.3 5.6 4.8 3.9 3.9 5.3 5.5 4.8 3.8 3.4 4.6
Total Non-Current Liabilities 129.0 128.5 132.0 98.3 64.1 58.6 60.0 55.1 58.1 56.7 4.4 5.8 138.0 130.5 129.8 3.8 10.8 14.8
Total Liabilities 326.7 336.0 417.1 346.4 214.3 143.0 128.7 140.1 134.6 100.8 34.2 135.8 245.4 232.3 216.9 88.5 181.0 80.5
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0
Retained Earnings 503.5 470.3 319.5 118.9 (22.7) (92.0) (140.2) (157.3) (204.7) (331.7) (275.9) (198.5) (27.3) (101.5) 12.4 38.5 58.7 0
Accumulated Other Comprehensive Income 0 (6.2) (1.8) (2.0) 1.8 3.4 (0.3) 0.4 2.2 (2.3) 5.1 35.4 14.6 4.5 (6.3) (15.2) (4.9) (5.5)
Total Stockholders' Equity 1,034.7 1,012.8 864.9 667.3 539.0 481.6 419.4 408.3 353.6 201.5 216.4 319.4 443.5 353.2 452.5 462.9 491.4 342.3
Total Liabilities & Equity 1,361.4 1,348.8 1,282.0 1,013.6 753.2 624.6 548.1 548.4 488.2 302.2 250.6 455.2 688.9 585.6 669.5 551.4 672.3 422.8
Debt Metrics
Total Debt 42.3 43.7 45.2 46.4 47.4 48.1 48.5 47.8 47.7 47.6 0 83.2 125 125 125 0 0 0
Net Debt (103.1) (79.8) (122.1) (139.2) (247.5) (155.3) (91.3) (130.2) (85.7) (23.2) (45.0) 45.5 (43.5) 31.8 (25.7) (124.2) (168.2) (3.5)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999
Operating Activities
Net Income 120.2 201.0 246.3 183.1 98.7 50.0 17.0 45.9 127.0 11.0 (3.9) 74.2 (113.9) (26.1) (20.2) 99.1 14.4
Depreciation & Amortization 17.6 15.8 13.1 11.6 10.8 9.9 7.9 5.8 5.0 4.3 23.7 23.0 13.6 11.8 21.2 17.8 19.1
Stock-Based Compensation 0 21.0 18.3 13.4 12.1 10.5 8.2 7.8 5.7 5.2 1.1 0.2 0.2 0.3 0 0 0
Change in Working Capital (30.9) (85.4) (97.2) (11.6) 4.6 (8.9) (53.6) (25.9) 8.9 (30.7) (18.8) 33.6 (19.0) 0.9 10.6 10.7 (62.8)
Other Non-Cash Items 11.3 4.1 (3.5) 10.6 3.8 3.5 3.6 2.2 (8.1) 0.9 (13.5) (54.3) (10.4) (3.2) (12.2) (19.6) 3.7
Operating Cash Flow 118.3 140.8 156.9 215.6 150.2 69.7 (13.6) 47.0 56.3 (8.8) (12.2) 71.6 (55.8) (56.0) (16.6) 99.7 (39.1)
Investing Activities
Capital Expenditure (11.3) (12.2) (20.7) (10.7) (8.7) (7.4) (12.0) (4.7) (7.3) (2.5) (7.8) (5.5) (5.0) (11.8) (29.6) (21.8) (16.9)
Acquisitions 0 0 0 0 0 0.2 0 0 0 0.3 (1.5) (14.6) (14.6) 0 0 0 (2.2)
Purchases of Investments (646.0) (539.1) (388.8) (246.6) 0 0 0 0 0 0 (108.1) (3.5) (2.1) (35.0) 0 0 0
Sales/Maturities of Investments 687.2 442.6 308.6 0 0 0 0 0 0 0 93.0 20.5 20.0 0 0 0 0
Other Investing Activities 0 0 0 0 0 0 0 (4.7) 0 0.3 (4.9) 0.1 0.6 (0.3) 0.7 10.8 0
Investing Cash Flow 29.9 (108.7) (100.9) (257.3) (8.7) (7.3) (12.0) (4.7) (7.3) (2.2) (29.3) (3.1) (1.0) (47.0) (28.9) (11.0) (19.1)
Financing Activities
Net Debt Issuance 0 (1.5) (1.2) (1.0) (0.8) (0.4) 0 0 0 0 0 0 0 121.6 0 0 0
Stock Repurchased (121.1) (60.5) (52.5) (57.5) (50.0) (7.5) (17.7) 0 0 0 0 0 0 0 (1.2) 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (3.4) (9.2) (14.5) (7.0) (1.7) 5.5 4.3 1.2 15.1 2.4 0 0 0 0 0 (272.6) 58.4
Financing Cash Flow (124.5) (71.2) (68.3) (65.5) (52.5) (2.4) (13.4) 1.2 15.1 2.4 3.6 4.9 3.6 127.4 1.9 76.0 58.4
Cash Position
Net Change in Cash 21.9 (42.9) (12.4) (109.3) 91.4 57.7 (38.4) 44.0 63.2 (8.1) (36.9) 75.2 (53.0) 26.5 (44.0) 164.6 0.2
Cash at Beginning 123.5 174.0 186.3 295.7 204.2 146.5 184.9 140.9 77.7 78.9 108.3 93.2 146.3 124.2 168.2 3.5 3.3
Cash at End 145.5 131.1 174.0 186.3 295.7 204.2 146.5 184.9 140.9 70.8 71.4 168.5 93.2 150.7 124.2 168.2 3.5
Free Cash Flow 107.0 128.6 136.2 204.9 141.5 62.3 (25.6) 42.2 49.0 (11.3) (20.0) 66.1 (60.8) (67.7) (46.2) 77.8 (56.0)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Income Statement
Revenue 839.0 1,017.9 1,130.6 920.0 662.4 474.6 343.0 442.6 410.6 267.0 301.5 203.1 195.6 203.4 319.4 275.2 133.0 250.2 404.8 461.7 372.5 508.0 322.0 309.7 365.3 680.4 397.3
Gross Profit 376.8 454.7 491.3 401.8 286.4 198.6 144.2 179.6 150.2 99.6 101.7 70.2 67.9 58.2 114.7 85.8 28.1 62.6 152.9 191.5 154.4 211.5 104.4 104.0 131.0 307.8 166.9
Operating Income 119.3 210.8 265.8 212.4 127.3 58.0 24.2 60.0 47.8 16.6 20.7 (10.7) (14.6) (30.9) 7.1 (13.4) (69.4) (186.8) (20.7) 23.7 (15.9) 541.1 (53.1) (58.3) (62.2) 104.6 12.3
Net Income 120.2 201.0 246.3 183.1 98.7 50.0 17.0 45.9 127.0 11.0 14.7 (11.3) (17.1) (34.0) 5.1 (17.6) (77.5) (196.7) (11.4) 40.8 (3.9) 74.2 (113.9) (26.1) (20.2) 99.1 14.4
EPS (Diluted) 3.80 6.15 7.43 5.46 2.88 1.46 0.50 1.35 3.80 0.36 0.48 -0.40 -0.63 -1.26 0.20 -0.67 -2.99 -7.66 -0.45 1.60 -0.15 2.92 -4.62 -1.07 -0.83 4.52 0.60
Balance Sheet
Cash & Equivalents 145.5 123.5 167.3 185.6 294.9 203.5 139.9 178.0 133.4 70.8 45.0 37.7 168.5 93.2 150.7 124.2 168.2 3.5
Total Assets 1,361.4 1,348.8 1,282.0 1,013.6 753.2 624.6 548.1 548.4 488.2 302.2 250.6 455.2 688.9 585.6 669.5 551.4 672.3 422.8
Total Debt 42.3 43.7 45.2 46.4 47.4 48.1 48.5 47.8 47.7 47.6 0 83.2 125 125 125 0 0 0
Stockholders' Equity 1,034.7 1,012.8 864.9 667.3 539.0 481.6 419.4 408.3 353.6 201.5 216.4 319.4 443.5 353.2 452.5 462.9 491.4 342.3
Cash Flow
Operating Cash Flow 118.3 140.8 156.9 215.6 150.2 69.7 (13.6) 47.0 56.3 (8.8) (12.2) 71.6 (55.8) (56.0) (16.6) 99.7 (39.1)
Capital Expenditure (11.3) (12.2) (20.7) (10.7) (8.7) (7.4) (12.0) (4.7) (7.3) (2.5) (7.8) (5.5) (5.0) (11.8) (29.6) (21.8) (16.9)
Free Cash Flow 107.0 128.6 136.2 204.9 141.5 62.3 (25.6) 42.2 49.0 (11.3) (20.0) 66.1 (60.8) (67.7) (46.2) 77.8 (56.0)