Axcelis Technologies Inc income statement
In fiscal 2025, Axcelis Technologies Inc reported revenue of $839m, down 17.6% on the year before, operating income of $119m (a 14.2% margin) and net income of $120m, or $3.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 133 | 275 | 319 | 203 | 196 | 203 | 267 | 267 | 411 | 443 | 343 | 475 | 662 | 920 | 1,131 | 1,018 | 839 | 866 |
| Cost of revenue | 105 | 189 | 205 | 145 | 128 | 133 | 200 | 167 | 260 | 263 | 199 | 276 | 376 | 518 | 639 | 563 | 462 | 494 |
| Gross profit | 28 | 86 | 115 | 58 | 68 | 70 | 102 | 100 | 150 | 180 | 144 | 199 | 286 | 402 | 491 | 455 | 377 | 373 |
| Research and development | 33 | 40 | 47 | 40 | 35 | 34 | 33 | 34 | 43 | 52 | 54 | 62 | 65 | 78 | 97 | 105 | 109 | 112 |
| Selling and marketing | 25 | 28 | 29 | 26 | 21 | 21 | 23 | 24 | 29 | 35 | 34 | 39 | 48 | 54 | 63 | 68 | 65 | 72 |
| General and administrative | 34 | 32 | 31 | 27 | 25 | 24 | 25 | 24 | 31 | 33 | 32 | 40 | 46 | 57 | 66 | 70 | 83 | 99 |
| Operating income | −69 | −13 | 7 | −31 | −15 | −11 | 21 | 17 | 48 | 60 | 24 | 58 | 127 | 212 | 266 | 211 | 119 | 89 |
| Interest expense | 2 | — | — | — | 0 | 1 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 5 | 5 | 5 | 5 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | 1 | — | — | — | 1 | 3 | — | — |
| Income before tax | −77 | −17 | 7 | −32 | −16 | −10 | 15 | 11 | 44 | 55 | 21 | 56 | 120 | 205 | 279 | 230 | 138 | 106 |
| Income tax | 1 | 0 | 2 | 2 | 1 | 1 | 1 | 0 | −83 | 9 | 4 | 6 | 22 | 22 | 32 | 29 | 18 | 13 |
| Net income | −77 | −18 | 5 | −34 | −17 | −11 | 15 | 11 | 127 | 46 | 17 | 50 | 99 | 183 | 246 | 201 | 120 | 93 |
| Diluted EPS | −$3.00 | −$0.68 | $0.20 | −$1.28 | −$0.64 | −$0.40 | $0.49 | $0.36 | $3.80 | $1.35 | $0.50 | $1.46 | $2.88 | $5.46 | $7.43 | $6.15 | $3.80 | $2.98 |
| Diluted shares (average) | 26m | 26m | 27m | 27m | 27m | 28m | 30m | 31m | 33m | 34m | 34m | 34m | 34m | 34m | 33m | 33m | 32m | 31m |
| EBITDA | −62 | −6 | 16 | −24 | −10 | −6 | 26 | 21 | 53 | 66 | 32 | 68 | 138 | 224 | 279 | 227 | 137 | 107 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 257 | 252 | 193 | 195 | 214 | 238 | 199 | 215 |
| Cost of revenue | 147 | 136 | 104 | 107 | 125 | 126 | 118 | 124 |
| Gross profit | 110 | 116 | 89 | 87 | 89 | 112 | 81 | 91 |
| Research and development | 26 | 28 | 27 | 27 | 25 | 30 | 29 | 29 |
| Selling and marketing | 17 | 17 | 15 | 15 | 16 | 19 | 17 | 20 |
| General and administrative | 20 | 17 | 17 | 16 | 23 | 26 | 27 | 22 |
| Operating income | 47 | 55 | 29 | 29 | 25 | 36 | 8 | 20 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Provision for credit losses | — | — | 0 | 0 | — | — | — | — |
| Income before tax | 55 | 59 | 33 | 35 | 30 | 40 | 11 | 25 |
| Income tax | 7 | 9 | 5 | 4 | 4 | 6 | 1 | 2 |
| Net income | 49 | 50 | 29 | 31 | 26 | 34 | 9 | 23 |
| Diluted EPS | $1.49 | $1.54 | $0.88 | $0.98 | $0.83 | $1.10 | $0.30 | $0.75 |
| EBITDA | 51 | 59 | 33 | 33 | 29 | 41 | 12 | 25 |
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