Axcelis Technologies, Inc.
axcelis.comWhat Do They Do?
Builds and services ion implantation and other semiconductor-processing equipment for semiconductor chip manufacturers worldwide.
10-K for FY2025, filed Feb 26, 2026Axcelis Technologies, Inc. (“Axcelis,” the “Company,” “we,” “us,” or “our”) designs, manufactures and services ion implantation and other…View ↗
How Do They Make Money?
Semiconductor chip manufacturers buy ion implantation equipment and aftermarket products and services. Product sales are counted when shipped or delivered, installation when complete, and some services as performed.
10-K for FY2025, filed Feb 26, 2026We design, manufacture and service ion implantation and other processing equipment used in the fabrication of semiconductor chips and sell…View ↗
Product related revenues (whether for systems or aftermarket business) are recognized at a point in time, when they are shipped or…View ↗
For installation services, revenue is recognized at a point in time, once the installation of the tool is complete. The nature of the…View ↗
We have the right to consideration from a customer in an amount that corresponds directly with the value to the customer of the entity’s…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$839M
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10-K for FY2025, filed Feb 26, 2026
$839M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Ion implantation systems and services
Sold outright
10-K for FY2025, filed Feb 26, 2026 |
98%
FY2022: 98%
|
Ion implantation systems and services, FY2025
$824.1M Sources
|
Sold outright |
|
Other systems and services
Sold outright
|
1.8%
FY2022: 2.4%
|
Other systems and services, FY2025
$15M Sources
|
Sold outright |
Who Are Their Customers?
Semiconductor chip makers, including integrated manufacturers and foundries, buy directly from Axcelis; the company sells to customers in the United States, Europe and Asia Pacific.
10-K for FY2025, filed Feb 26, 2026
10-K for FY2025, filed Feb 26, 2026
For the year ended December 31, 2025, we had one customer representing 11.0% of total revenue. For the years ended December 31, 2024 and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025 and turned 13 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$119.3MView ↗
10-K for FY2025, filed Feb 26, 2026
$120.2MView ↗
10-K for FY2025, filed Feb 26, 2026
$107MView ↗
How Are They Changing?
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Aug 6, 2026
Axcelis issued third-quarter revenue and earnings guidance
It expects third-quarter revenue of approximately $230 million and GAAP earnings per share of approximately $0.76; it also expects year-over-year revenue growth in 2026.
Sources
8-K, filed Aug 6, 2026
For the third quarter ending September 30, 2026, Axcelis expects revenues of approximately $230 million, GAAP earnings per diluted share of…View ↗
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Mar 12, 2026
CFO James Coogan resigns; David Ryzhik becomes interim CFO
Coogan was set to leave the company, and Ryzhik was appointed interim CFO as Axcelis begins a search for a successor.
Sources
8-K, filed Mar 12, 2026
On March 10, 2026, James Coogan, Chief Financial Officer of Axcelis Technologies, Inc. (the “Company”) notified the Company of his intent…View ↗
Who Do They Compete With?
Competes with Applied Materials, Sumitomo Heavy Industries Ion Technology, Nissin Ion Equipment, Advanced Ion Beam Technology, Kingstone Semiconductor, and CETC Electronics Equipment Group
10-K for FY2025, filed Feb 26, 2026In the market for ion implantation systems, we mainly compete against Applied Materials, Inc. (“Applied Materials”). Axcelis and Applied…View ↗
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