# Axcelis Technologies Inc. (ACLS) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $115.08, market value $3.6 billion.

## Valuation
- **P/E (trailing): 38.6×** (5-yr avg 18.1×, 3-yr avg 16.7×). Axcelis Technologies Inc. trades at 38.6× trailing earnings, well above its own five-year average of 18.1×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 21.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 4.1×**. Each dollar of revenue is priced at 4.1×.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 32.0×**. Enterprise value is 32.0× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 1.8%** (5-yr avg 5.2%). Free cash flow equals 1.8% of the market value, below its five-year average of 5.2%, so the shares are pricier on cash than usual.
- **Earnings yield: 2.6%**. The inverse of the P/E: 2.6% of the price is earned each year.

## Profitability
- **Gross margin: 43.0%**. Axcelis Technologies Inc. keeps 43.0% of revenue after the direct cost of what it sells.
- **Operating margin: 10.3%**. 10.3% of revenue is left after running the business.
- **Net margin: 14.3%**. 14.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.6%**. 11.6% on shareholders' equity is solid.
- **Return on invested capital: 7.8%**. Return on all capital, debt included, is 7.8%.
- **Return on assets: 6.8%**. Each dollar of assets produces 6.8% of profit.

## Growth
- **Revenue growth (1 yr): -17.6%** (3-yr -3.0%/yr, 5-yr 12.1%/yr). Revenue fell 17.6% over the last year, against 12.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -38.2%** (3-yr -11.4%/yr, 5-yr 21.1%/yr). Earnings per share fell 38.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -19.5%/yr**. Free cash flow has compounded at -19.5% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.01**. Debt is 0.01 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Axcelis Technologies Inc. holds more cash than debt.
- **Current ratio: 4.77** (quick 4.77). Current assets cover the next year's liabilities 4.77 times.
- **Altman Z-score: 9.15**. A Z-score of 9.15 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Axcelis Technologies Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 46.1%** (YTD 43.2%, 3-mo -21.8%). The shares are up 46.1% over twelve months including dividends.
- **From 52-week high: -40.6%** (56.4% above the low). Trading 41% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 2.62** (volatility 67%). Beta of 2.62 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ACLS · Page: https://foliofundamentals.com/stocks/acls

Not investment advice.