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Axcelis Technologies ACLS Provision For Excess And Obsolete Inventory

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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

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Return on equity9.7%-8.7pp
Debt / equity0.1×0.0×
Current ratio4.6×-1.0×

Where this comes from

Reported directly by Axcelis Technologies in its filing.

Tagged under the XBRL concept acls:ProvisionForExcessAndObsoleteInventory.

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 provision for excess and obsolete inventory?
Axcelis Technologies (ACLS) reported provision for excess and obsolete inventory of $950K in Q1 2026.
How has Axcelis Technologies's provision for excess and obsolete inventory changed year-over-year?
Axcelis Technologies's provision for excess and obsolete inventory increased by 8.6% year-over-year, from $875K to $950K.
What is the long-term trend for Axcelis Technologies's provision for excess and obsolete inventory?
Over 4 years (2021 to 2025), Axcelis Technologies's provision for excess and obsolete inventory has grown at a 0.9% compound annual growth rate (CAGR), from $3.76M to $3.89M.
What does provision for excess and obsolete inventory mean?
This metric represents the non-cash charge recorded to write down the value of inventory that is no longer expected to be sold or used in production. It serves as an indicator of inventory management efficiency and potential obsolescence risk within the company's product lifecycle. High levels of this provision may signal declining demand for specific semiconductor equipment or components.