Filing Flows › Axcelis Technologies (ACLS) › Q3 2026 › vs Q2 2026
Axcelis Technologies (ACLS) Q3 2026 vs Q2 2026 (quarter over quarter)
Axcelis Technologies's revenue rose $22.6M (+11%) from $215M in Q2 2026 to $238M in Q3 2026. The biggest changes: Systems +$12.8M (+10%); Aftermarket +$9.8M (+12%). Gross margin 41.0% against 42.4% (-1.4 pts).
Axcelis Technologies, Q3 2026: revenue $238M (+11% year over year), operating margin 11.5%, net earnings $37.8M, operating cash flow $40.2M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 41.0% | 42.4% | -1.4 pts |
| Operating margin | 11.5% | 9.4% | +2.1 pts |
| Net margin | 15.9% | 10.8% | +5.1 pts |
| Free cash flow margin | 15.9% | 6.9% | +9.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Systems | $145M | $132M | $12.8M | +10% |
| Aftermarket | $92.6M | $82.8M | $9.8M | +12% |
| Revenue | $238M | $215M | $22.6M | +11% |
| Gross profit | $97.4M | $91.2M | $6.2M | +7% |
| Cost of revenue | $140M | $124M | $16.4M | +13% |
| Other income, net | $8.7M | $5.1M | $3.6M | +71% |
| Operating profit | $27.3M | $20.3M | $7.1M | +35% |
| Operating expenses | $70.1M | $70.9M | −$827K | -1% |
| Pre-tax earnings | $36.0M | $25.3M | $10.7M | +42% |
| Research & development | $30.2M | $29.0M | $1.2M | +4% |
| Sales & marketing | $16.8M | $19.6M | −$2.7M | -14% |
| General & admin | $23.1M | $22.4M | $693K | +3% |
| Income tax benefit | $1.8M | −$2.1M | $3.8M | — |
| Net earnings | $37.8M | $23.3M | $14.5M | +62% |
| Depreciation & amortization | $4.5M | $4.4M | $100K | +2% |
| Share-based compensation | $6.5M | $6.4M | $42K | +0.7% |
| Working capital & other | $8.5M | $15.7M | −$7.2M | -46% |
| Operating cash flow | $40.2M | $18.4M | $21.8M | +119% |
| Free cash flow (OCF − capex) | $37.7M | $14.8M | $22.9M | +155% |
| Capital expenditures | $2.5M | $3.6M | −$1.1M | -30% |
Questions
How much did Axcelis Technologies's revenue grow quarter over quarter in Q3 2026?
Axcelis Technologies's revenue rose $22.6M (+11%) from $215M in Q2 2026 to $238M in Q3 2026.
What drove Axcelis Technologies's revenue change in Q3 2026?
Systems +$12.8M (+10%); Aftermarket +$9.8M (+12%).