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Semicap·ACLS

Axcelis Technologies, Inc.

NASDAQ · US

Ion implantation equipment supplier for semiconductor device manufacturing.

AI relevance

Implant equipment exposure to logic, power, and memory capacity supporting AI infrastructure.

Semicap Other

Price

$187.53

Change

+12.09 (+6.89%)

Market cap

$5.8B

52w range

$65–$194

Exchange

NASDAQ

Country

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Price chart

ACLS market performance

Daily close for Axcelis Technologies, Inc.

Latest close: $187.5
Range move: +$120.6 (+180.4%)
Range high: $191.6
Range low: $66.02
Latest volume: 688.8K
Source: FMP EOD

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Exports

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CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

60 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

$128.00

-31.7%

Target range

$100.00 - $174.00

Rating mix

Buy

12 ratings

Next FY revenue

$843.9M

2026-12-31

Next FY EPS

$3.83

$3.69 - $4.01

Rating consensus12 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$843.9M	$842.1M - $845.7M	$3.83	$3.69 - $4.01	$193.9M	$180.9M	$122.1M	$116.3M	3 rev / 3 EPS
2027-12-31	$925.2M	$901.7M - $948.7M	$4.85	$4.45 - $5.08	$212.6M	$198.3M	$151.0M	$127.5M	4 rev / 3 EPS
2028-12-31	$1.03B	$1.01B - $1.06B	$5.01	$4.87 - $5.20	$236.7M	$220.8M	$158.7M	$141.9M	1 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$205.0M	$204.9M - $205.1M	$0.89	$0.89 - $0.90	$47.1M	$43.9M	$27.7M	$28.3M	3 rev / 3 EPS
2026-09-30	$214.8M	$214.6M - $215.0M	$1.04	$0.99 - $1.09	$49.3M	$46.0M	$32.2M	$29.6M	3 rev / 2 EPS
2026-12-31	$225.1M	$224.6M - $225.4M	$1.18	$1.18 - $1.18	$51.7M	$48.3M	$36.6M	$31.0M	2 rev / 1 EPS
2027-03-31	$222.6M	$222.0M - $222.8M	$1.09	$1.09 - $1.09	$51.1M	$47.7M	$33.8M	$30.7M	1 rev / 1 EPS
2027-06-30	$221.0M	$220.5M - $221.3M	$1.12	$1.12 - $1.12	$50.8M	$47.4M	$34.7M	$30.5M	2 rev / 1 EPS
2027-09-30	$226.5M	$226.0M - $226.8M	$1.19	$1.19 - $1.19	$52.0M	$48.6M	$36.9M	$31.2M	2 rev / 1 EPS
2027-12-31	$231.6M	$231.0M - $231.9M	$1.26	$1.26 - $1.27	$53.2M	$49.6M	$39.1M	$31.9M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	0	$0.00
Last year	1	$110.00
All time	5	$117.80

Sources: TheFly, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-02-18	B. Riley Securities	Maintain	Neutral	Neutral
2026-01-21	B. Riley Securities	Maintain	Neutral	Neutral
2026-01-13	B of A Securities	Maintain	Underperform	Underperform
2025-11-05	B. Riley Securities	Maintain	Neutral	Neutral
2025-10-13	B of A Securities	Downgrade	Neutral	Underperform
2025-10-02	DA Davidson	Maintain	Buy	Buy
2025-10-02	Benchmark	Upgrade	Hold	Buy
2025-08-06	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Buy	Hold	Strong sell
2026-06-01	2	2	1
2026-05-01	2	2	1
2026-04-01	2	3	1
2026-03-01	1	3	1
2026-02-01	2	3	1
2026-01-01	3	3	1
2025-12-01	3	3	1
2025-11-01	3	3	1

FinancialsFY 2025

Financials

Revenue

$839.0M

Gross margin

44.9%

Operating income

$119.3M

Free cash flow

$107.0M

Cash + ST investments

$374.3M

Net debt

-$103.1M

ROE

11.6%

ROIC

8.9%

EV / sales

2.9x

EV / EBITDA

15.1x

R&D / revenue

13.0%

Current ratio

4.8x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$839.0M	$376.8M	44.9%	$109.0M	$119.3M	$161.2M	$120.2M	$3.81
FY 2024	$1.02B	$454.7M	44.7%	$105.5M	$210.8M	$251.5M	$201.0M	$6.17
FY 2023	$1.13B	$491.3M	43.5%	$96.9M	$265.8M	$297.0M	$246.3M	$7.52
FY 2022	$920.0M	$401.8M	43.7%	$78.4M	$212.4M	$222.1M	$183.1M	$5.54
FY 2021	$662.4M	$286.4M	43.2%	$65.4M	$127.3M	$136.1M	$98.7M	$2.94
FY 2020	$474.6M	$198.6M	41.8%	$61.8M	$58.0M	$71.0M	$50.0M	$1.50
FY 2019	$343.0M	$144.2M	42.0%	$53.9M	$24.2M	$34.0M	$17.0M	$0.52
FY 2018	$442.6M	$179.6M	40.6%	$51.9M	$60.0M	$65.6M	$45.9M	$1.35
FY 2017	$410.6M	$150.2M	36.6%	$43.1M	$47.8M	$54.0M	$127.0M	$4.11
FY 2016	$267.0M	$99.6M	37.3%	$34.4M	$16.6M	$20.4M	$11.0M	$0.38
FY 2015	$301.5M	$101.7M	33.7%	$32.6M	$20.7M	$25.6M	$14.7M	$0.52
FY 2014	$203.1M	$70.2M	34.6%	$33.5M	-$10.7M	-$4.5M	-$11.3M	$-0.40

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$118.3M	$11.3M	$107.0M
FY 2024	$140.8M	$12.2M	$128.6M
FY 2023	$156.9M	$20.7M	$136.2M
FY 2022	$215.6M	$10.7M	$204.9M
FY 2021	$150.2M	$8.7M	$141.5M
FY 2020	$69.7M	$7.4M	$62.3M
FY 2019	-$13.6M	$12.0M	-$25.6M
FY 2018	$47.0M	$4.7M	$42.3M
FY 2017	$56.3M	$7.3M	$49.0M
FY 2016	-$8.8M	$2.5M	-$11.3M
FY 2015	$18.3M	$1.8M	$16.4M
FY 2014	-$16.0M	$1.0M	-$17.1M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$374.3M	$168.5M	$329.0M	$99.2M	$1.36B	$42.3M	-$103.1M	$326.7M	$1.03B
FY 2024	$571.3M	$203.1M	$282.2M	$98.8M	$1.35B	$43.7M	-$79.8M	$336.0M	$1.01B
FY 2023	$506.1M	$218.0M	$306.5M	$101.3M	$1.28B	$45.2M	-$122.1M	$417.1M	$864.9M
FY 2022	$432.2M	$169.8M	$242.4M	$69.8M	$1.01B	$46.4M	-$139.2M	$346.4M	$667.3M
FY 2021	$294.9M	$104.4M	$195.0M	$63.5M	$753.2M	$47.4M	-$247.5M	$214.3M	$539.0M
FY 2020	$203.5M	$86.9M	$161.1M	$54.9M	$624.6M	$48.1M	-$155.3M	$143.0M	$481.6M
FY 2019	$139.9M	$83.8M	$140.4M	$53.1M	$548.1M	$48.5M	-$91.3M	$128.7M	$419.4M
FY 2018	$178.0M	$78.7M	$129.0M	$41.1M	$548.4M	$47.8M	-$130.2M	$140.1M	$408.3M
FY 2017	$133.4M	$75.3M	$120.5M	$36.2M	$488.2M	$47.7M	-$85.7M	$134.6M	$353.6M
FY 2016	$70.8M	$50.6M	$113.9M	$30.8M	$302.2M	$47.6M	-$23.2M	$100.8M	$201.5M
FY 2015	$78.9M	$36.9M	$115.9M	$30.0M	$288.3M	$47.6M	-$31.3M	$98.0M	$190.3M
FY 2014	$30.8M	$42.8M	$104.1M	$30.5M	$227.7M	$14.5M	-$16.2M	$59.3M	$168.4M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	44.9%	14.2%	14.3%	4.8x	3.1x	11.6%	8.9%	2.9x	15.1x	4.2%	13.0%	300d
FY 2024	44.7%	20.7%	19.7%	5.4x	4.1x	19.8%	16.1%	2.2x	8.7x	5.7%	10.4%	225d
FY 2023	43.5%	23.5%	21.8%	3.8x	2.7x	28.5%	23.5%	3.6x	13.9x	3.2%	8.6%	214d
FY 2022	43.7%	23.1%	19.9%	3.5x	2.6x	27.4%	24.7%	2.7x	11.2x	7.8%	8.5%	194d
FY 2021	43.2%	19.2%	14.9%	4.1x	2.8x	18.3%	17.3%	3.4x	16.6x	5.7%	9.9%	210d
FY 2020	41.8%	12.2%	10.5%	5.6x	3.7x	10.4%	9.6%	1.7x	11.4x	6.4%	13.0%	248d
FY 2019	42.0%	7.1%	5.0%	5.5x	3.4x	4.1%	4.1%	2.0x	20.4x	-3.3%	15.7%	300d
FY 2018	40.6%	13.5%	10.4%	4.7x	3.2x	11.2%	10.9%	1.1x	7.2x	7.0%	11.7%	194d
FY 2017	36.6%	11.7%	30.9%	4.7x	3.1x	35.9%	11.6%	1.9x	14.8x	5.5%	10.5%	190d
FY 2016	37.3%	6.2%	4.1%	5.3x	2.8x	5.5%	6.4%	1.5x	19.7x	-2.7%	12.9%	263d
FY 2015	33.7%	6.9%	4.9%	5.6x	2.8x	7.7%	8.1%	0.9x	10.3x	5.5%	10.8%	220d
FY 2014	34.6%	-5.3%	-5.5%	5.7x	2.7x	-6.7%	-5.1%	1.3x	-59.7x	-6.0%	16.5%	303d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-17.6%	-17.1%	+3.3%	-43.4%	-40.2%	-38.2%	-16.8%	+7.3%	-34.5%	+16.6%	+0.9%	-3.1%
FY 2024	-10.0%	-7.5%	+8.9%	-20.7%	-18.4%	-18.0%	-5.6%	+41.0%	+12.9%	-7.9%	+5.2%	-3.3%
FY 2023	+22.9%	+22.3%	+23.7%	+25.2%	+34.5%	+35.7%	-33.5%	-93.4%	+17.1%	+26.4%	+26.5%	-2.6%
FY 2022	+38.9%	+40.3%	+19.8%	+66.8%	+85.6%	+88.4%	+44.9%	-22.5%	+46.5%	+24.3%	+34.6%	-2.1%
FY 2021	+39.6%	+44.2%	+5.8%	+119.4%	+97.4%	+96.0%	+127.2%	-17.3%	+44.9%	+21.1%	+20.6%	-1.6%
FY 2020	+38.4%	+37.8%	+14.7%	+139.8%	+193.4%	+188.5%	+343.6%	+37.9%	+45.5%	+14.8%	+14.0%	-0.8%
FY 2019	-22.5%	-19.8%	+4.0%	-59.6%	-62.9%	-61.5%	-160.5%	-153.8%	-21.4%	+8.8%	-0.1%	+1.7%
FY 2018	+7.8%	+19.6%	+20.4%	+25.3%	-63.9%	-67.2%	-13.8%	+35.3%	+33.4%	+7.0%	+12.3%	+0.1%
FY 2017	+53.8%	+50.9%	+25.2%	+187.8%	+1054.1%	+981.6%	+533.4%	-190.7%	+88.5%	+5.9%	+61.5%	+0.3%
FY 2016	-11.4%	-2.1%	+5.6%	-19.8%	-25.1%	-26.9%	-168.8%	-36.9%	-10.3%	-1.8%	+4.8%	0.0%
FY 2015	+48.5%	+45.0%	-2.8%	+294.3%	+230.3%	+230.0%	+196.3%	-79.9%	+156.5%	+11.4%	+26.6%	+227.5%
FY 2014	+3.8%	+3.3%	-3.5%	+27.1%	+34.3%	+37.5%	-7.6%	-23.7%	-33.6%	+8.6%	-2.5%	-3.1%

SegmentsFY 2025

Revenue Mix

Period	Total	Systems	Aftermarket	Ion Implantation Systems Services And Royalties	New Systems Revenue	After Market	Cs I Or Aftermarket	Ion Implantation Systems Services and Royalties	Other Products Systems Services And Royalties	Other Products Systems Services and Royalties
FY 2025	$839.0M	$571.0M	$268.0M	--	--	--	--	--	--	--
FY 2024	$1.02B	$782.6M	$235.3M	--	--	--	--	--	--	--
FY 2023	$1.13B	$883.6M	$247.0M	--	--	--	--	--	--	--
FY 2022	$920.0M	$692.1M	$227.9M	--	--	--	--	--	--	--
FY 2021	$662.4M	$454.6M	$207.8M	--	--	--	--	--	--	--
FY 2020	$474.6M	--	--	--	$293.6M	--	$180.9M	--	--	--
FY 2019	$343.0M	--	--	--	$202.6M	$140.4M	--	--	--	--
FY 2018	$442.6M	--	--	--	$280.4M	$162.2M	--	--	--	--
FY 2017	$410.6M	--	--	$391.1M	--	--	--	--	$19.5M	--
FY 2016	$267.0M	--	--	$248.9M	--	--	--	--	$18.1M	--
FY 2015	$301.5M	--	--	$282.6M	--	--	--	--	$18.9M	--
FY 2013	$195.6M	--	--	--	--	--	--	$164.0M	--	$31.6M

Period	Total	North America	Asia Pacific	Europe
FY 2025	$839.0M	$137.1M	$610.2M	$91.8M
FY 2024	$1.02B	$144.1M	$781.0M	$92.8M
FY 2023	$1.13B	$174.8M	$811.3M	$144.5M
FY 2022	$920.0M	$634.1M	$247.0M	$39.0M
FY 2021	$662.4M	$519.4M	$106.4M	$36.6M
FY 2020	$474.6M	$351.1M	$94.5M	$29.0M
FY 2019	$343.0M	$256.1M	$58.1M	$28.7M
FY 2018	$442.6M	$342.8M	$70.4M	$29.4M
FY 2017	$410.6M	$313.9M	$69.7M	$26.9M
FY 2016	$267.0M	$191.3M	$50.3M	$25.4M
FY 2015	$301.5M	$226.9M	$50.4M	$24.2M
FY 2013	$195.6M	$117.0M	$50.7M	$27.9M

Transcripts

Events

Next earnings

2026-08-04EPS est $0.90

Recent filings

42026-06-17
42026-06-16
42026-06-04

Latest news

Axcelis Technologies Inc (ACLS) Shares Surge 6.8% -- What GF Score of 85 Tells Investors
GuruFocus · 2026-06-18
Here's Why Axcelis Technologies (ACLS) Fell More Than Broader Market
Zacks Investment Research · 2026-06-16

Analyst expectations

Consensus target

$128.00

-31.7%

Target range

$100.00 - $174.00

Rating mix

Buy

12 ratings

Next FY revenue

$843.9M

2026-12-31

Next FY EPS

$3.83

$3.69 - $4.01

Rating consensus12 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-31	$843.9M	$842.1M - $845.7M	$3.83	$3.69 - $4.01	$193.9M	$180.9M	$122.1M	$116.3M	3 rev / 3 EPS
2027-12-31	$925.2M	$901.7M - $948.7M	$4.85	$4.45 - $5.08	$212.6M	$198.3M	$151.0M	$127.5M	4 rev / 3 EPS
2028-12-31	$1.03B	$1.01B - $1.06B	$5.01	$4.87 - $5.20	$236.7M	$220.8M	$158.7M	$141.9M	1 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$205.0M	$204.9M - $205.1M	$0.89	$0.89 - $0.90	$47.1M	$43.9M	$27.7M	$28.3M	3 rev / 3 EPS
2026-09-30	$214.8M	$214.6M - $215.0M	$1.04	$0.99 - $1.09	$49.3M	$46.0M	$32.2M	$29.6M	3 rev / 2 EPS
2026-12-31	$225.1M	$224.6M - $225.4M	$1.18	$1.18 - $1.18	$51.7M	$48.3M	$36.6M	$31.0M	2 rev / 1 EPS
2027-03-31	$222.6M	$222.0M - $222.8M	$1.09	$1.09 - $1.09	$51.1M	$47.7M	$33.8M	$30.7M	1 rev / 1 EPS
2027-06-30	$221.0M	$220.5M - $221.3M	$1.12	$1.12 - $1.12	$50.8M	$47.4M	$34.7M	$30.5M	2 rev / 1 EPS
2027-09-30	$226.5M	$226.0M - $226.8M	$1.19	$1.19 - $1.19	$52.0M	$48.6M	$36.9M	$31.2M	2 rev / 1 EPS
2027-12-31	$231.6M	$231.0M - $231.9M	$1.26	$1.26 - $1.27	$53.2M	$49.6M	$39.1M	$31.9M	1 rev / 1 EPS

Price target history

Window	Targets	Average target
Last month	0	$0.00
Last quarter	0	$0.00
Last year	1	$110.00
All time	5	$117.80

Sources: TheFly, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-02-18	B. Riley Securities	Maintain	Neutral	Neutral
2026-01-21	B. Riley Securities	Maintain	Neutral	Neutral
2026-01-13	B of A Securities	Maintain	Underperform	Underperform
2025-11-05	B. Riley Securities	Maintain	Neutral	Neutral
2025-10-13	B of A Securities	Downgrade	Neutral	Underperform
2025-10-02	DA Davidson	Maintain	Buy	Buy
2025-10-02	Benchmark	Upgrade	Hold	Buy
2025-08-06	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Buy	Hold	Strong sell
2026-06-01	2	2	1
2026-05-01	2	2	1
2026-04-01	2	3	1
2026-03-01	1	3	1
2026-02-01	2	3	1
2026-01-01	3	3	1
2025-12-01	3	3	1
2025-11-01	3	3	1

Financials

Revenue

$839.0M

Gross margin

44.9%

Operating income

$119.3M

Free cash flow

$107.0M

Cash + ST investments

$374.3M

Net debt

-$103.1M

ROE

11.6%

ROIC

8.9%

EV / sales

2.9x

EV / EBITDA

15.1x

R&D / revenue

13.0%

Current ratio

4.8x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$839.0M	$376.8M	44.9%	$109.0M	$119.3M	$161.2M	$120.2M	$3.81
FY 2024	$1.02B	$454.7M	44.7%	$105.5M	$210.8M	$251.5M	$201.0M	$6.17
FY 2023	$1.13B	$491.3M	43.5%	$96.9M	$265.8M	$297.0M	$246.3M	$7.52
FY 2022	$920.0M	$401.8M	43.7%	$78.4M	$212.4M	$222.1M	$183.1M	$5.54
FY 2021	$662.4M	$286.4M	43.2%	$65.4M	$127.3M	$136.1M	$98.7M	$2.94
FY 2020	$474.6M	$198.6M	41.8%	$61.8M	$58.0M	$71.0M	$50.0M	$1.50
FY 2019	$343.0M	$144.2M	42.0%	$53.9M	$24.2M	$34.0M	$17.0M	$0.52
FY 2018	$442.6M	$179.6M	40.6%	$51.9M	$60.0M	$65.6M	$45.9M	$1.35
FY 2017	$410.6M	$150.2M	36.6%	$43.1M	$47.8M	$54.0M	$127.0M	$4.11
FY 2016	$267.0M	$99.6M	37.3%	$34.4M	$16.6M	$20.4M	$11.0M	$0.38
FY 2015	$301.5M	$101.7M	33.7%	$32.6M	$20.7M	$25.6M	$14.7M	$0.52
FY 2014	$203.1M	$70.2M	34.6%	$33.5M	-$10.7M	-$4.5M	-$11.3M	$-0.40

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$118.3M	$11.3M	$107.0M
FY 2024	$140.8M	$12.2M	$128.6M
FY 2023	$156.9M	$20.7M	$136.2M
FY 2022	$215.6M	$10.7M	$204.9M
FY 2021	$150.2M	$8.7M	$141.5M
FY 2020	$69.7M	$7.4M	$62.3M
FY 2019	-$13.6M	$12.0M	-$25.6M
FY 2018	$47.0M	$4.7M	$42.3M
FY 2017	$56.3M	$7.3M	$49.0M
FY 2016	-$8.8M	$2.5M	-$11.3M
FY 2015	$18.3M	$1.8M	$16.4M
FY 2014	-$16.0M	$1.0M	-$17.1M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$374.3M	$168.5M	$329.0M	$99.2M	$1.36B	$42.3M	-$103.1M	$326.7M	$1.03B
FY 2024	$571.3M	$203.1M	$282.2M	$98.8M	$1.35B	$43.7M	-$79.8M	$336.0M	$1.01B
FY 2023	$506.1M	$218.0M	$306.5M	$101.3M	$1.28B	$45.2M	-$122.1M	$417.1M	$864.9M
FY 2022	$432.2M	$169.8M	$242.4M	$69.8M	$1.01B	$46.4M	-$139.2M	$346.4M	$667.3M
FY 2021	$294.9M	$104.4M	$195.0M	$63.5M	$753.2M	$47.4M	-$247.5M	$214.3M	$539.0M
FY 2020	$203.5M	$86.9M	$161.1M	$54.9M	$624.6M	$48.1M	-$155.3M	$143.0M	$481.6M
FY 2019	$139.9M	$83.8M	$140.4M	$53.1M	$548.1M	$48.5M	-$91.3M	$128.7M	$419.4M
FY 2018	$178.0M	$78.7M	$129.0M	$41.1M	$548.4M	$47.8M	-$130.2M	$140.1M	$408.3M
FY 2017	$133.4M	$75.3M	$120.5M	$36.2M	$488.2M	$47.7M	-$85.7M	$134.6M	$353.6M
FY 2016	$70.8M	$50.6M	$113.9M	$30.8M	$302.2M	$47.6M	-$23.2M	$100.8M	$201.5M
FY 2015	$78.9M	$36.9M	$115.9M	$30.0M	$288.3M	$47.6M	-$31.3M	$98.0M	$190.3M
FY 2014	$30.8M	$42.8M	$104.1M	$30.5M	$227.7M	$14.5M	-$16.2M	$59.3M	$168.4M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	44.9%	14.2%	14.3%	4.8x	3.1x	11.6%	8.9%	2.9x	15.1x	4.2%	13.0%	300d
FY 2024	44.7%	20.7%	19.7%	5.4x	4.1x	19.8%	16.1%	2.2x	8.7x	5.7%	10.4%	225d
FY 2023	43.5%	23.5%	21.8%	3.8x	2.7x	28.5%	23.5%	3.6x	13.9x	3.2%	8.6%	214d
FY 2022	43.7%	23.1%	19.9%	3.5x	2.6x	27.4%	24.7%	2.7x	11.2x	7.8%	8.5%	194d
FY 2021	43.2%	19.2%	14.9%	4.1x	2.8x	18.3%	17.3%	3.4x	16.6x	5.7%	9.9%	210d
FY 2020	41.8%	12.2%	10.5%	5.6x	3.7x	10.4%	9.6%	1.7x	11.4x	6.4%	13.0%	248d
FY 2019	42.0%	7.1%	5.0%	5.5x	3.4x	4.1%	4.1%	2.0x	20.4x	-3.3%	15.7%	300d
FY 2018	40.6%	13.5%	10.4%	4.7x	3.2x	11.2%	10.9%	1.1x	7.2x	7.0%	11.7%	194d
FY 2017	36.6%	11.7%	30.9%	4.7x	3.1x	35.9%	11.6%	1.9x	14.8x	5.5%	10.5%	190d
FY 2016	37.3%	6.2%	4.1%	5.3x	2.8x	5.5%	6.4%	1.5x	19.7x	-2.7%	12.9%	263d
FY 2015	33.7%	6.9%	4.9%	5.6x	2.8x	7.7%	8.1%	0.9x	10.3x	5.5%	10.8%	220d
FY 2014	34.6%	-5.3%	-5.5%	5.7x	2.7x	-6.7%	-5.1%	1.3x	-59.7x	-6.0%	16.5%	303d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	-17.6%	-17.1%	+3.3%	-43.4%	-40.2%	-38.2%	-16.8%	+7.3%	-34.5%	+16.6%	+0.9%	-3.1%
FY 2024	-10.0%	-7.5%	+8.9%	-20.7%	-18.4%	-18.0%	-5.6%	+41.0%	+12.9%	-7.9%	+5.2%	-3.3%
FY 2023	+22.9%	+22.3%	+23.7%	+25.2%	+34.5%	+35.7%	-33.5%	-93.4%	+17.1%	+26.4%	+26.5%	-2.6%
FY 2022	+38.9%	+40.3%	+19.8%	+66.8%	+85.6%	+88.4%	+44.9%	-22.5%	+46.5%	+24.3%	+34.6%	-2.1%
FY 2021	+39.6%	+44.2%	+5.8%	+119.4%	+97.4%	+96.0%	+127.2%	-17.3%	+44.9%	+21.1%	+20.6%	-1.6%
FY 2020	+38.4%	+37.8%	+14.7%	+139.8%	+193.4%	+188.5%	+343.6%	+37.9%	+45.5%	+14.8%	+14.0%	-0.8%
FY 2019	-22.5%	-19.8%	+4.0%	-59.6%	-62.9%	-61.5%	-160.5%	-153.8%	-21.4%	+8.8%	-0.1%	+1.7%
FY 2018	+7.8%	+19.6%	+20.4%	+25.3%	-63.9%	-67.2%	-13.8%	+35.3%	+33.4%	+7.0%	+12.3%	+0.1%
FY 2017	+53.8%	+50.9%	+25.2%	+187.8%	+1054.1%	+981.6%	+533.4%	-190.7%	+88.5%	+5.9%	+61.5%	+0.3%
FY 2016	-11.4%	-2.1%	+5.6%	-19.8%	-25.1%	-26.9%	-168.8%	-36.9%	-10.3%	-1.8%	+4.8%	0.0%
FY 2015	+48.5%	+45.0%	-2.8%	+294.3%	+230.3%	+230.0%	+196.3%	-79.9%	+156.5%	+11.4%	+26.6%	+227.5%
FY 2014	+3.8%	+3.3%	-3.5%	+27.1%	+34.3%	+37.5%	-7.6%	-23.7%	-33.6%	+8.6%	-2.5%	-3.1%

Revenue Mix