AXCELIS TECHNOLOGIES INC
In the published model solve dated 2026-Q2, anchored at $115.08, AXCELIS TECHNOLOGIES INC (ACLS) is priced for today's economics sustained for ~18.3 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Revenue went backwards last year and the gross margin did not, which is the single most useful fact about this company: the 10-K reports ⟦"Revenue for 2025 was $839.0 million, compared to $1,017.9 million in 2024"⟧ while gross margin held at 44.9%. • Systems backlog is the leading indicator and it has thinned, falling to $457.0 million at the end of 2025 from $645.8 million a year earlier, so the recovery has to show up in orders before it shows up anywhere else. • Roughly a third of revenue n
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363 institutional managers reported holding ACLS in 13F filings for the quarter ended 2026-03-31. 59 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 1.9M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ACLS has cut its share count 8.8% over the past five years, spending $316.56M on repurchases. It pays no dividend. Cash returned over the past three years: $209.07M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ACLS over the trailing three years: 2024: 3 buys totaling $116k. 17 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ACLS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-02-26 | +8.8% | -21.6% |
| 2022-05-06 | +0.3% | -10.2% |
| 2022-08-05 | +12.2% | -21.4% |
| 2022-11-04 | +1.8% | +34.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ACLS's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-05-07 (items 2.02, 9.01); 2026-05-06 (items 5.07); 2026-03-12 (items 5.02, 7.01, 9.01); 2026-02-17 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.