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Axcelis reports Q1 revenue of $199M with strong Memory demand, expects flat 2026 revenue and merger with Veeco.

Company Fundamentals
07 May 2026
PRNewsWire
View Source
Bullish
pluang ai news

Axcelis Technologies reported Q1 2026 revenue of $199 million, slightly above expectations, driven by strong demand in DRAM and HBM memory sectors and growth in their CS&I business. Despite a decline in gross and operating margins compared to last year, the company remains optimistic about bookings and customer engagement, anticipating flat revenue for 2026 as Memory growth offsets declines in other markets. Axcelis also plans to complete its merger with Veeco in the second half of 2026, aiming for increased momentum into 2027. The company ended Q1 with a strong balance sheet and expects higher revenue and earnings in Q2.

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