Filing Flows › Axcelis Technologies (ACLS) › Q2 2026 › vs Q2 2025
Axcelis Technologies (ACLS) Q2 2026 vs Q2 2025 (year over year)
Axcelis Technologies's revenue rose $20.6M (+11%) from $195M in Q2 2025 to $215M in Q2 2026. The biggest changes: Aftermarket +$21.5M (+35%); Systems −$914K (-0.7%). Gross margin 42.4% against 44.9% (-2.5 pts).
Axcelis Technologies, Q2 2026: revenue $215M (+11% year over year), operating margin 9.4%, net earnings $23.3M, operating cash flow $18.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 42.4% | 44.9% | -2.5 pts |
| Operating margin | 9.4% | 14.9% | -5.5 pts |
| Net margin | 10.8% | 16.1% | -5.3 pts |
| Free cash flow margin | 6.9% | 19.4% | -12.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Systems | $132M | $133M | −$914K | -0.7% |
| Aftermarket | $82.8M | $61.3M | $21.5M | +35% |
| Revenue | $215M | $195M | $20.6M | +11% |
| Gross profit | $91.2M | $87.3M | $3.8M | +4% |
| Cost of revenue | $124M | $107M | $16.8M | +16% |
| Other income, net | $5.1M | $6.0M | −$965K | -16% |
| Operating profit | $20.3M | $29.0M | −$8.7M | -30% |
| Operating expenses | $70.9M | $58.4M | $12.5M | +21% |
| Pre-tax earnings | $25.3M | $35.0M | −$9.6M | -28% |
| Research & development | $29.0M | $27.1M | $1.9M | +7% |
| Sales & marketing | $19.6M | $15.0M | $4.6M | +30% |
| General & admin | $22.4M | $16.3M | $6.1M | +37% |
| Net earnings | $23.3M | $31.4M | −$8.1M | -26% |
| Income tax | $2.1M | $3.6M | −$1.6M | -43% |
| Depreciation & amortization | $4.4M | $4.5M | −$100K | -2% |
| Share-based compensation | $6.4M | $5.4M | $1.0M | +19% |
| Working capital & other | $15.7M | $1.6M | $14.2M | +903% |
| Operating cash flow | $18.4M | $39.7M | −$21.4M | -54% |
| Free cash flow (OCF − capex) | $14.8M | $37.7M | −$22.9M | -61% |
| Capital expenditures | $3.6M | $2.0M | $1.6M | +79% |
Questions
How much did Axcelis Technologies's revenue grow year over year in Q2 2026?
Axcelis Technologies's revenue rose $20.6M (+11%) from $195M in Q2 2025 to $215M in Q2 2026.
What drove Axcelis Technologies's revenue change in Q2 2026?
Aftermarket +$21.5M (+35%); Systems −$914K (-0.7%).