Axcelis Technologies, Inc. announced financial results for the second quarter ended June 30, 2025.
President and CEO Russell Low commented, “Axcelis delivered strong results in the second quarter despite the cyclical digestion period in many of our markets, demonstrating the value we provide our customers and the strength of our team. We are deepening customer engagement, expanding our footprint in high-value applications, and seeing continued momentum in our CS&I business supported by our growing installed base. As we look ahead, we remain focused on innovation, customer collaboration, and disciplined execution to deliver on our strategic initiatives and position Axcelis to drive long term growth and profitability.”
Executive Vice President and Chief Financial Officer Jamie Coogan said, “We generated strong profitability and cash flow in the second quarter, reflecting disciplined cost control and favorable mix. We increased our share repurchase activity to $45 million during the quarter, reflecting our confidence in the attractive long-term fundamentals of our business. Our strong balance sheet enables us to continue repurchasing shares in a disciplined and opportunistic manner, while also investing in our business.”
Q2 Highlights:
- Revenue of $194.5 million
- GAAP Gross Margin of 44.9%, and Non-GAAP Gross Margin of 45.2%
- GAAP Operating Margin of 14.9% and Non-GAAP Operating Margin of 17.7%
- GAAP Diluted earnings per share of $0.98, and Non-GAAP Diluted earnings per share of $1.13
Original – Axcelis Technologies