The semiconductor equipment firm projects higher revenue and earnings for next quarter, targeting a 43% gross margin.
Axcelis Technologies guided Q2 2026 revenue to approximately $205 million and earnings per share to $0.90, with gross margins expected near 43%. The outlook follows a Q1 2026 performance that slightly exceeded expectations, reporting $199 million in revenue and $0.72 EPS.
The Q1 results included a one-time $5 million impact from a customer settlement. Management attributed the sequential improvement to stronger demand in semiconductor manufacturing equipment, though macroeconomic uncertainties remain.
Shares showed limited movement in after-hours trading as investors digested the guidance, which aligns with broader industry trends.