Axcelis Technologies Inc. (ACLS) · wyniki II kw. 2026 i wycena

Przy wzroście −3,0% rocznie (3-letni wzrost przychodów) wartość godziwa z modelu to $44.03 na akcję — kurs jest o 116% powyżej niej. Obecna cena zakłada wzrost o 10,2% rocznie.

1. Liczba

   Revenue in China increased sequentially to 46% from 40% last quarter, showing the region is becoming a larger revenue source.

   Cytat ze źródła

   “Second quarter operating expenses were $60 million, slightly above our outlook of $59 million, primarily due to higher variable compensation... Gross margin was 42.7%, slightly below our outlook of 43%, primarily due to mix within our CS&I business as well as higher-than-anticipated services costs, which can fluctuate from period to period. Tying it all together, our operating margin was 14.7%.”

2. Prognoza

   ACLS updated its guidance to expect second half 2026 revenue to be stronger than initial expectations and to deliver year-over-year revenue growth in 2026.

   Cytat ze źródła

   “As a result, we now expect second half 2026 revenue to be stronger than our initial expectations and expect to deliver year-over-year revenue growth in 2026 compared to our prior...”

3. Prognoza

   ACLS expects gross margins of approximately 43% for the upcoming period.

   Cytat ze źródła

   “We expect gross margins of approximately 43%.”

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 86% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Zdania, które wpłynęły na ton

“We continue to anticipate strong year-over-year growth in 2026 with momentum extending into 2027 as customers accelerate cleanroom investments to support growing demand for DRAM and high-bandwidth memory applications driven...”

“We remain very excited about the pending combination and the opportunity to build on the momentum and create a stronger company with enhanced capabilities, broader growth opportunities and meaningful long-term...”

“Revenue growth in the business has been supported by a growing installed base, increased customer utilization and a continued expansion of our aftermarket products and service offerings.”