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Why Axcelis Technologies Soared More Than 10% Higher This Week

9 May 2025
in Business
Why Axcelis Technologies Soared More Than 10% Higher This Week
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A bottom-line beat in its inaugural quarter of 2025 drove Axcelis Technologies’ (NASDAQ: ACLS) share price up by 10% over the past week, according to S&P Global Market Intelligence. On Tuesday, Axcelis reported first-quarter revenue of $192.6 million, significantly lower than the over $252 million earned in the same quarter of 2024. Despite the revenue decline, the positive earnings performance contributed to the stock’s increase.

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