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AXCELIS TECHNOLOGIES INC (ACLS) USD

At a glance: strengths & risks
✓Net cash balance sheet✗Revenue declining (-18%)✗Profit falling (-40%)✗Margins compressing (22%→16%)✗Pricier than own history (EV/EBITDA 41.1 vs avg 14.0)

Sector: United States — large cap (SEC filings)

US_ACLS

Price chart

143.03 USDDay 0.63%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
140.15 USD · -2.01%
Market cap
4.5 bn USD

Growth

Δ revenue y/y
10.6%
Δ EBITDA y/y
-26.3%

Multiples

P/E (LTM)
48.7x
3y avg: 16.2x
P/B (FY)
4.4x
P/E (ann.)
48.5x
EV/EBITDA (LTM)
41.1x
3y avg: 14.0x
EV/EBITDA (ann.)
44.6x

Cash return

Dividend yield
—
FCF yield (LTM)
-5.4%

Value creation

fundamental value/yr, % of market cap
Value created / year
-25.1%
↓ details

Liquidity

Daily turnover (US listing)
30.8 mln USD

Shares: yahoo_fundamentals_timeseries/ACLS

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)OK215.2
y/y 10.6%
20.3
y/y -30.0%
4.4
y/y -2.5%
24.7
y/y -26.3%
23.3
y/y -25.8%
18.4-3.61386.8
y/y 4.8%
1065.8
y/y 4.2%
8.8%-113.4—
2026-03-31Q1 2026 (3M)OK199.0
y/y 3.3%
8.0
y/y -72.7%
4.4
y/y 2.9%
12.4
y/y -63.0%
9.2
y/y -67.8%
18.1-1.81374.5
y/y 2.5%
1044.6
y/y 1.7%
3.5%-296.1Link
2025-12-31Q4 2025 (3M)OK238.3
y/y -5.6%
36.2
y/y -33.7%
4.5
y/y 4.5%
40.6
y/y -30.9%
34.3
y/y -31.3%
-6.6-2.31361.4
y/y 0.9%
1034.7
y/y 2.2%
11.7%-302.5Link
2025-09-30Q3 2025 (3M)OK213.6
y/y -16.7%
25.0
y/y -46.7%
4.3
y/y 10.8%
29.3
y/y -42.2%
26.0
y/y -46.5%
45.4-2.01351.9
y/y 1.0%
1020.1
y/y 4.6%
3.4%-376.9Link
2025-06-30Q2 2025 (3M)OK194.5
y/y -24.2%
29.0
y/y -45.2%
4.5
y/y 16.9%
33.5
y/y -40.9%
31.4
y/y -38.3%
39.7-2.01323.5
y/y 2.7%
1022.4
y/y 9.4%
12.2%-477.9Link
2025-03-31Q1 2025 (3M)OK192.6
y/y -23.7%
29.2
y/y -48.4%
4.3
y/y 14.1%
33.5
y/y -44.5%
28.6
y/y -44.6%
39.8-5.01340.6
y/y 2.6%
1027.2
y/y 13.9%
11.2%-514.7Link
2024-12-31Q4 2024 (3M)OK252.4
y/y -18.7%
54.5
y/y -31.0%
4.3
y/y 19.2%
58.8
y/y -28.8%
50.0
y/y -29.7%
12.8-4.71348.8
y/y 5.2%
1012.8
y/y 17.1%
20.2%-497.9Link
2024-09-30Q3 2024 (3M)OK256.6
y/y -12.2%
46.9
y/y -34.6%
3.9
y/y 20.9%
50.8
y/y -32.2%
48.6
y/y -26.3%
45.7-3.91338.1
y/y 11.4%
975.6
y/y 21.8%
6.8%-504.8Link
2024-06-30Q2 2024 (3M)OK256.5
y/y -6.4%
52.8
y/y -17.1%
3.9
y/y 22.3%
56.7
y/y -15.2%
50.9
y/y -17.4%
40.1-2.01288.4
y/y 14.9%
934.9
y/y 25.7%
22.2%-474.9Link
2024-03-31Q1 2024 (3M)OK252.4
y/y -0.6%
56.5
y/y 10.1%
3.8
y/y 21.8%
60.3
y/y 10.8%
51.6
y/y 8.2%
42.2-1.61306.6
y/y 21.0%
901.7
y/y 28.5%
23.4%-455.8Link
2023-12-31Q4 2023 (3M)OK310.3
y/y —
79.1
y/y —
3.6
y/y —
82.6
y/y —
71.1
y/y —
65.6-10.21282.0
y/y —
864.9
y/y —
29.6%-430.3Link
2023-09-30Q3 2023 (3M)OK292.3
y/y —
71.7
y/y —
3.2
y/y —
74.9
y/y —
65.9
y/y —
24.0-5.31201.7
y/y —
801.0
y/y —
11.4%-384.7Link
2023-06-30Q2 2023 (3M)OK274.0
y/y —
63.7
y/y —
3.2
y/y —
66.9
y/y —
61.6
y/y —
32.7-3.01121.7
y/y —
744.0
y/y —
34.1%-375.5Link
2023-03-31Q1 2023 (3M)OK254.0
y/y —
51.4
y/y —
3.1
y/y —
54.5
y/y —
47.7
y/y —
34.6-2.21079.8
y/y —
701.8
y/y —
—-388.7Link

Net debt structure (leases included, IFRS 16) 2026-03-31

Short-term debt (incl. ST leases)6
Long-term debt (incl. LT leases)64
− Cash & equivalents151
Net debt-80

Net debt / LTM EBITDA: -0.8x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

01002003002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-80%-60%-40%-20%0%20%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-200204060802024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

-600-400-20002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is broadly cash-backed
In a typical year of 2021–2025 operating cash flow came to 0.98x of reported net profit; after capex, 0.89x.
year20212022202320242025
cash flow / profit1.52x1.18x0.64x0.70x0.98x
accruals, % of assets-6.8%-3.2%7.0%4.5%0.1%
Last twelve months (to 2025-Q3): 0.81x of profit came back as operating cash flow.
net debt / EBITDA -2.2x · EBIT covers interest 22.1x · capex 0.9x of depreciation · share count -1.9% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -25.1%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30)
= (25 − 33) × 4.34
-38
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (4 516 + -113) ÷ 107
30.0x — capped at 30x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (30.0 + 12) ÷ 2
21.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -364 + 0 + 32 − 0
-332
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (-38 × 21.0 + -332) ÷ 4 516
-25.1%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Revenue growth & acceleration

Growth decelerating ▼
Last-year revenue growth -18% vs -10% the year before — a -7.6 pp move. 3-year CAGR -3%.
revenue growth by year: 2023 +23% · 2024 -10% · 2025 -18%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 40.4x · 3-year average 20.0x

EV/EBITDA3-year 75th pct

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of AXCELIS TECHNOLOGIES INC (ACLS) — from primary filings.

Makes ion-implantation and other capital equipment for semiconductor manufacturing.

Frequently asked questions

What is AXCELIS TECHNOLOGIES INC (ACLS)'s P/E ratio?
AXCELIS TECHNOLOGIES INC (ACLS) trades at a P/E of 48.7x (price to trailing 12-month earnings).
What is AXCELIS TECHNOLOGIES INC (ACLS)'s EV/EBITDA?
AXCELIS TECHNOLOGIES INC (ACLS) trades at 41.1x EV/EBITDA.
What is AXCELIS TECHNOLOGIES INC (ACLS)'s P/B ratio?
AXCELIS TECHNOLOGIES INC (ACLS) trades at a P/B of 4.4x.
What is AXCELIS TECHNOLOGIES INC (ACLS)'s return on equity (ROE)?
AXCELIS TECHNOLOGIES INC (ACLS)'s ROE is 8.8%.
What is AXCELIS TECHNOLOGIES INC (ACLS)'s market capitalization?
AXCELIS TECHNOLOGIES INC (ACLS)'s market cap is 4.5 bn USD.

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