Axcelis (ACLS) drops $1 billion in market value, topping recent sales

Axcelis Technologies, Inc. took a hit Thursday, dropping 18.4% to $145.50 and erasing about $1.0 billion in market cap—more than its $845.4 million in revenue from the past year. Shares fell $32.83 with 30.73 million outstanding, according to StockAnalysis.

Axcelis (ACLS) Stock Jumps on Q3 Earnings Beat and Veeco Merger: Key Insights & Outlook

Axcelis (ACLS) Stock Jumps on Q3 Earnings Beat and Veeco Merger: Key Insights & Outlook

Axcelis stock traded in the mid-$80s in early November 2025, rallying on earnings news. It closed around $86.24 on Nov 4, 2025, up about 5% for the day and roughly 8–9% over the two sessions surrounding its earnings report. This rebound comes after a soft October where ACLS had slid ~14% over a monthnasdaq.com, underperforming the tech sector. Even after the post-earnings pop, shares remain well below their 52-week high of ~$103 and about double the 52-week low near $40marketbeat.com, reflecting both the stock’s volatility and longer-term growth.