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Axcelis Technologies vs Veeco Instruments: ACLS and VECO compared
Axcelis Technologies is the larger company: $238M of revenue in its latest quarter (Q3 2026) against $209M for Veeco Instruments (Q3 2026). Veeco Instruments is growing faster (+26% against +11% a year earlier). Axcelis Technologies is more profitable, with an operating margin of 11.5% against 6.7%.
Where the money goes: ACLS and VECO
Axcelis Technologies (ACLS) · Q3 2026
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.
Veeco Instruments (VECO) · Q3 2026
Veeco Instruments, Q3 2026: revenue $209M (+26% year over year), operating margin 6.7%, net earnings $13.6M, operating cash flow $57.9M. The chart follows the revenue to costs, profit and cash.
| Axcelis Technologies (ACLS) | Veeco Instruments (VECO) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $238M | $209M |
| Revenue growth, Y/Y | +11% | +26% |
| Gross margin | 41.0% | 38.4% |
| Operating margin | 11.5% | 6.7% |
| Net earnings | $37.8M | $13.6M |
| Net margin | 15.9% | 6.5% |
| Operating cash flow | $40.2M | $57.9M |
| Free cash flow | $37.7M | $53.6M |
| Market value | $3.6B | $3.5B |
| P/E | 38.6× | 130.7× |
| Analysts’ mean target | $132.00 | $61.33 |
Where the revenue comes from
Axcelis Technologies
- Systems: $145M (61%)
- Aftermarket: $92.6M (39%)
Veeco Instruments
- Semiconductor: $135M (65%)
- Compound Semiconductor: $40.2M (19%)
- Data Storage: $20.0M (10%)
- Scientific & Other: $13.9M (7%)
Questions
Which is bigger, Axcelis Technologies or Veeco Instruments?
Axcelis Technologies is the larger company: $238M of revenue in its latest quarter (Q3 2026) against $209M for Veeco Instruments (Q3 2026).
Is Axcelis Technologies or Veeco Instruments growing faster?
Veeco Instruments is growing faster (+26% against +11% a year earlier).
Which is more profitable, Axcelis Technologies or Veeco Instruments?
Axcelis Technologies is more profitable, with an operating margin of 11.5% against 6.7%.
More: Axcelis Technologies earnings · how Axcelis Technologies makes money · Veeco Instruments earnings · how Veeco Instruments makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.