What is Axcelis Technologies's net debt?

Axcelis Technologies (ACLS) reported net debt of -$78.68M in Q1 2026.

How has Axcelis Technologies's net debt changed year-over-year?

Axcelis Technologies's net debt increased by 28.6% year-over-year, from -$110.21M to -$78.68M.

What is the long-term trend for Axcelis Technologies's net debt?

Over 5 years (2020 to 2025), Axcelis Technologies's net debt has grown at a -13.6% compound annual growth rate (CAGR), from -$150.05M to -$72.08M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Axcelis Technologies ACLS Net debt

Discontinued — last reported Q1 '26

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-1.8×-0.2×

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0.5×+0.4×

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0.7×-0.1×

Other financials

Income statement

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Revenue$199.0M+3.3%

Gross profit$80.6M-9.2%

Operating income$8.0M-72.7%

Net income$9.2M-67.8%

EPS (diluted)$0.30-65.9%

Balance sheet

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Cash & equivalents$150.8M-18.0%

Total debt$72.2M-2.2%

Total equity$1.0B+1.7%

Total assets$1.4B+2.5%

Cash flow

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Operating cash flow$18.1M-54.4%

CapEx$1.8M-62.9%

Free cash flow$16.3M-53.2%

Valuation

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Market cap$5.76B+79.0%

Enterprise value$5.68B+87.0%

P/E57.1×+39.1×

P/S6.8×+3.5×

Profitability

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Gross margin43.6%-1.0pp

Operating margin11.6%-7.5pp

Net margin11.9%-6.6pp

FCF margin11.5%-1.3pp

Returns & leverage

See full

Return on equity9.7%-8.7pp

Debt / equity0.1×0.0×

Current ratio4.6×-1.0×

Where this comes from

Calculated from Axcelis Technologies’s reported figures.

$72.2Mtotal debt−$150.8Mcash and equivalents=-$78.68M

The official record: Axcelis Technologies’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axcelis Technologies's net debt?: Axcelis Technologies (ACLS) reported net debt of -$78.68M in Q1 2026.
How has Axcelis Technologies's net debt changed year-over-year?: Axcelis Technologies's net debt increased by 28.6% year-over-year, from -$110.21M to -$78.68M.
What is the long-term trend for Axcelis Technologies's net debt?: Over 5 years (2020 to 2025), Axcelis Technologies's net debt has grown at a -13.6% compound annual growth rate (CAGR), from -$150.05M to -$72.08M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.