Axcelis Technologies, Inc.

Filing receipts

“The increase is primarily due to higher personnel expenses and an increase in freight expenses. ​ General and Administrative ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Period-to-Period ​ ​ ​ March 31, ​ Change ​ ​ ​ 2026 ​ 2025 ​ $ ​ % ​ ​ (dollars in thousands) ​ General and administrative ​ ​ ​ $ 26,761 ​ ​ ​ $ 17,357 ​ ​ ​ $ 9,404 ​ ​ ​ 54.2 % ​ ​ ​ Percentage of revenue ​ ​ 13.5 % ​ 9.0 % ​ ​ ​ ​ ​ ​ ​ Our general and administrative expenses result primarily from the costs associated with our executive, finance, information technology, legal and human resource functions. ​ General and administrative expense was $26.8 million during the three months ended March 31, 2026, an i...”

“The increase is primarily due to higher personnel costs and an increase in consulting expenses. ​ Sales and Marketing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended ​ Period-to-Period ​ ​ ​ March 31, ​ Change ​ ​ ​ 2026 ​ 2025 ​ $ ​ % ​ ​ (dollars in thousands) ​ Sales and marketing ​ ​ ​ $ 17,354 ​ ​ ​ $ 15,124 ​ ​ ​ $ 2,230 ​ ​ ​ 14.7 % ​ ​ ​ Percentage of revenue ​ ​ 8.7 % ​ 7.9 % ​ ​ ​ ​ ​ ​ ​ Our sales and marketing expenses result primarily from the sale of our equipment and services through our direct sales force. ​ Sales and marketing expense was $17.4 million during the three months ended March 31, 2026, an increase of $2.2 million, or 14.7%, compared with $15.1 million durin...”

“The $5.2 million increase in product revenue for the three-month period ended March 31, 2026, in comparison to the same period in 2025, was primarily driven by an increase in Aftermarket sales, offset partially by a customer settlement of $4.9 million. ​ Deferred revenue includes payments received in advance of system sales as well as deferral of revenue from systems sales for installation and other future performance obligations.”