Filing Flows › Axcelis Technologies (ACLS) › Q2 2026
Axcelis Technologies (ACLS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Axcelis Technologies (ACLS) reported revenue of $215M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +8% from the quarter before. Operating margin was 9.4%, net earnings $23.3M (10.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +8% | +11% |
| Gross profit | $91.2M | +13% | +4% |
| Operating profit | $20.3M | +155% | -30% |
| Net earnings | $23.3M | +153% | -26% |
| Operating cash flow | $18.4M | +1% | -54% |
| Free cash flow | $14.8M | -9% | -61% |
What changed
Revenue was $215.2M in Q2 2026, up 11% year over year and up 8% from the previous quarter. Systems was the largest line at 62% of revenue. Aftermarket added $21.5M year over year (up 35%), 104% of the total change. Systems declined 1%.
Gross margin was 42.4%, down 2.5 points from a year earlier. Operating profit was $20.3M, a 9.4% margin (down 5.5 points year over year). Operating profit fell $8.7M even though revenue rose $20.6M versus a year earlier, so costs grew faster than sales. Operating expenses grew 21% against revenue growth of 11%. The fastest-growing cost line was General & admin (+37%). Net earnings were $23.3M, down 26% year over year. The effective tax rate was 8.1%.
Operating cash flow was $18.4M (down 54% year over year), 79% of net earnings. Non-cash charges added back $4.4M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $15.7M. Capital expenditures of $3.6M left free cash flow of $14.8M.
Questions
What was Axcelis Technologies' revenue in the second quarter 2026?
Axcelis Technologies (ACLS) reported revenue of $215M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +8% from the quarter before.
Was Axcelis Technologies profitable in the second quarter 2026?
Operating profit was $20.3M (9.4% of revenue) and net earnings $23.3M.