Axcelis Technologies
ConvictionWeak
Capital-equipment sales (Purion systems) plus a recurring high-margin Customer Solutions & Innovation (CS&I) aftermarket business — spares, services, used-tool, upgrades — that smooths the WFE cycle. ~84% of revenue is international; system sales are lumpy/cyclical while CS&I grows with the installed base.
Revenuefact
$839.0M FY2025fact, 10-K); $199.0M Q1 FY26Rev growthfact
-17.6% YoY FY2025 vs $1,017.9M FY2024+3.3% YoY Q1 FY26 vs $192.6M Q1 FY25 (factGross marginfact
44.9% GAAP FY202540.5% GAAP Q1 FY26 (fact) — compressed on weaker mixOp marginfact
~12% GAAP FY2025est, from segment data); 4.0% GAAP / 11.7% non-GAAP Q1 FY26Capex intensity
Low~3-4% of revenue (est); asset-light, outsourced-manufacturing modelMarket cap
~$5.2Bfact, 25-Jun-2026, at ~$175/sh on ~30.7M sharesPrice · 1-year trend
real · weekly$181+159% 1yUSD
52-week range
$69 – $188
52w lowas of 2026-06-25 · Yahoo Finance52w high
Across the boards
The thesis on this name
opportunityWeak
Memory super-cycle monitor
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Not investment advice — analyst work product for a qualified professional.· intel vintage Jun 2026· sign in (free) for the analyst summary; Pro unlocks full intelligence