Axcelis Reports Q1 2026 Financial Results
Axcelis Technologies reported first-quarter 2026 financial results with revenue of $199.0 million, GAAP gross margin of 40.5%, and non-GAAP gross margin of 40.7%. The company expects 2026 revenue to remain flat compared to 2025 due to growth in memory markets being offset by capacity digestion in other segments. The CEO highlighted strong demand in DRAM and HBM and anticipates a merger with Veeco to close in the second half of 2026.
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Topics: earnings gross_margin guidance merger operating_margin revenue