Axcelis Technologies Inc
ACLSQ2 2025(ACLS Q1 FY2025)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$70.8M
AI Revenue (Q)
$12.6M
Total Revenue (Q)
$252.4M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 2025 total revenue: $192.6M (significant decline from prior year). End-market mix: mature process 86%, 14% DRAM. Power devices 39%, general mature 47%. DRAM has grown from 1% to 14% of shipped systems -- a massive shift. DRAM capex is being driven primarily by HBM (High Bandwidth Memory) demand for AI accelerators (NVIDIA H100/H200/B200). However, not all DRAM capex is AI-driven; conventional DRAM replacement cycles also contribute. Conservatively, ~35-40% of current DRAM capex is HBM/AI-driven. Math: 14% DRAM share x ~35% AI-driven = ~5% AI revenue. Estimated AI revenue: ~$9.6M.
Analyzed by claude-opus-4-6
Quoted Figures
Total revenue $192,563 thousand for three months ended March 31, 2025
10-Q filed for period ending March 31, 2025
The overall mature process segment represented 86% of our shipped systems revenue, with 14% of shipments to dynamic random-access memory (DRAM) applications. Power device shipments comprised 39% of total systems revenue with the general mature segment representing 47%.
10-Q for period ending March 31, 2025, Item 2 MD&A
AI Products Identified (Ring 1)
Purion ion implantation systems for DRAM fabs (HBM for AI accelerators)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Ion implantation systems for power devicesIon implantation for general mature processAftermarket services and spare parts
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix