Filing Flows › Axcelis Technologies (ACLS) › Q3 2026
Axcelis Technologies (ACLS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Axcelis Technologies (ACLS) reported revenue of $238M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +11% from the quarter before. Operating margin was 11.5%, net earnings $37.8M (15.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $238M | +11% | +11% |
| Gross profit | $97.4M | +7% | +10% |
| Operating profit | $27.3M | +35% | +9% |
| Net earnings | $37.8M | +62% | +45% |
| Operating cash flow | $40.2M | +119% | -11% |
| Free cash flow | $37.7M | +155% | -13% |
What changed
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.
Questions
What was Axcelis Technologies' revenue in the third quarter 2026?
Axcelis Technologies (ACLS) reported revenue of $238M for the third quarter 2026 (Q3 2026), +11% from a year earlier and +11% from the quarter before.
Was Axcelis Technologies profitable in the third quarter 2026?
Operating profit was $27.3M (11.5% of revenue) and net earnings $37.8M.