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Axcelis' Q4 earnings highlight memory segment as key growth driver with $625M sales forecast through 2028.

Analyst Insights
23 Mar 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Axcelis Technologies' strong Q4 earnings reveal significant growth in its memory segment, which grew 189% year-over-year. The company has secured orders from major North American memory makers, positioning it well for ongoing capacity expansions. Axcelis projects nearly $625 million in memory segment sales through 2028. Additionally, its pending merger with Veeco is expected to create cross-selling opportunities by leveraging both firms' customer bases, supporting a bullish outlook with a 57% upside potential to a $133 price target.

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