Filing Flows › Axcelis Technologies (ACLS) › Q3 2026 › vs Q3 2025
Axcelis Technologies (ACLS) Q3 2026 vs Q3 2025 (year over year)
Axcelis Technologies's revenue rose $24.2M (+11%) from $214M in Q3 2025 to $238M in Q3 2026. The biggest changes: Aftermarket +$22.7M (+32%); Systems +$1.5M (+1%). Gross margin 41.0% against 41.6% (-0.6 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 41.0% | 41.6% | -0.6 pts |
| Operating margin | 11.5% | 11.7% | -0.2 pts |
| Net margin | 15.9% | 12.2% | +3.7 pts |
| Free cash flow margin | 15.9% | 20.3% | -4.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Systems | $145M | $144M | $1.5M | +1% |
| Aftermarket | $92.6M | $69.9M | $22.7M | +32% |
| Revenue | $238M | $214M | $24.2M | +11% |
| Gross profit | $97.4M | $88.8M | $8.6M | +10% |
| Cost of revenue | $140M | $125M | $15.6M | +12% |
| Other income, net | $8.7M | $5.1M | $3.5M | +69% |
| Operating profit | $27.3M | $25.0M | $2.3M | +9% |
| Operating expenses | $70.1M | $63.8M | $6.3M | +10% |
| Pre-tax earnings | $36.0M | $30.1M | $5.9M | +19% |
| Research & development | $30.2M | $24.6M | $5.5M | +22% |
| Sales & marketing | $16.8M | $15.8M | $996K | +6% |
| General & admin | $23.1M | $23.3M | −$238K | -1% |
| Income tax benefit | $1.8M | −$4.2M | $5.9M | — |
| Net earnings | $37.8M | $26.0M | $11.8M | +45% |
| Depreciation & amortization | $4.5M | $4.3M | $200K | +5% |
| Share-based compensation | $6.5M | $5.3M | $1.1M | +21% |
| Working capital & other | $8.5M | −$9.7M | $18.2M | — |
| Operating cash flow | $40.2M | $45.4M | −$5.1M | -11% |
| Free cash flow (OCF − capex) | $37.7M | $43.3M | −$5.6M | -13% |
| Capital expenditures | $2.5M | $2.0M | $489K | +24% |
Questions
How much did Axcelis Technologies's revenue grow year over year in Q3 2026?
Axcelis Technologies's revenue rose $24.2M (+11%) from $214M in Q3 2025 to $238M in Q3 2026.
What drove Axcelis Technologies's revenue change in Q3 2026?
Aftermarket +$22.7M (+32%); Systems +$1.5M (+1%).