Axcelis Technologies, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $839.0M | $1.02B | $1.13B | $920.0M | $662.4M | $474.6M | $343.0M | $442.6M |
| Systems | $571.0M | $782.6M | $883.6M | $692.1M | $454.6M | — | — | — |
| Aftermarket | $268.0M | $235.3M | $247.0M | $227.9M | $207.8M | — | — | — |
| Cost of Revenue | $462.2M | $563.2M | $639.3M | $518.2M | $376.0M | $276.0M | $198.8M | $262.9M |
| Gross Profit | $376.8M | $454.7M | $491.3M | $401.8M | $286.4M | $198.6M | $144.2M | $179.6M |
| Gross Margin | 44.9% | 44.7% | 43.5% | 43.7% | 43.2% | 41.8% | 42.0% | 40.6% |
| Operating Expenses | ||||||||
| Research & Development | $109.0M | $105.5M | $96.9M | $78.4M | $65.4M | $61.8M | $53.9M | $51.9M |
| SG&A Expense | $83.2M | $70.3M | $65.8M | $57.5M | $46.1M | $40.0M | $31.7M | $33.2M |
| Operating Income | $119.3M | $210.8M | $265.8M | $212.4M | $127.3M | $58.0M | $24.2M | $60.0M |
| Operating Margin | 14.2% | 20.7% | 23.5% | 23.1% | 19.2% | 12.2% | 7.1% | 13.5% |
| Interest Expense | — | — | $5.3M | $5.6M | $4.8M | $5.2M | $5.2M | $5.1M |
| Pretax Income | $138.2M | $230.3M | $278.6M | $204.9M | $120.4M | $55.9M | $20.9M | $54.7M |
| Income Tax Expense | $18.0M | $29.3M | $32.3M | $21.8M | $21.8M | $5.9M | $3.9M | $8.8M |
| Net Income | $120.2M | $201.0M | $246.3M | $183.1M | $98.7M | $50.0M | $17.0M | $45.9M |
| Net Margin | 14.3% | 19.7% | 21.8% | 19.9% | 14.9% | 10.5% | 5.0% | 10.4% |
| EPS (Basic) | $3.81 | $6.17 | $7.52 | $5.54 | $2.94 | $1.50 | $0.52 | $1.42 |
| EPS (Diluted) | $3.80 | $6.15 | $7.43 | $5.46 | $2.88 | $1.46 | $0.50 | $1.35 |
| Shares Outstanding (Basic) | 31.6M | 32.6M | 32.8M | 33.0M | 33.6M | 33.3M | 32.6M | 32.3M |
| Shares Outstanding (Diluted) | 31.7M | 32.7M | 33.2M | 33.5M | 34.3M | 34.1M | 33.8M | 34.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |