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Axcelis Technologies (ACLS) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Axcelis Technologies (ACLS) Q3 2026 earnings results →

Q3 2026 Revenue up 11% year over year to $238M · 16¢ of every $1 of revenue kept as net profit · operating margin 11.5%

Axcelis Technologies made $238M in Q3 2026 (+11% Y/Y): Systems $145M, Aftermarket $92.6M. Operating margin 11.5%, net earnings $37.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$238M

Year over year+11%

Operating margin11.5%

Net earnings$37.8M

Operating cash flow$40.2M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $237.8M in Q3 2026, up 11% year over year and up 11% from the previous quarter. Systems was the largest line at 61% of revenue. Aftermarket added $22.7M year over year (up 32%), 94% of the total change.

Gross margin was 41.0%, down 0.6 points from a year earlier. Operating profit was $27.3M, a 11.5% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 12% margin then. Operating expenses grew 10% against revenue growth of 11%. The fastest-growing cost line was Research & development (+22%). Net earnings were $37.8M, up 45% year over year. The effective tax rate was -4.9%. Non-operating items added $8.7M, 24% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $40.2M (down 11% year over year), 107% of net earnings. Non-cash charges added back $4.5M of depreciation and amortization and $6.5M of share-based compensation. Working capital and other items used $8.5M. Capital expenditures of $2.5M left free cash flow of $37.7M.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 2026	10-Q	Nov 5, 2026	$238M	+11%	11.5%	$37.8M	$40.2M
Q2 2026	10-Q	Aug 6, 2026	$215M	+11%	9.4%	$23.3M	$18.4M

Charts

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 2026): Net income $37.8M, Operating cash flow $40.2M.

-7.2% since FY2020: buybacks shrank the count.

Special Industry Machinery, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.