ACLS · NASDAQ · STOCK
Axcelis Technologies (ACLS) Stock Analysis
$115.13
52W $73.60 – $193.78
58/100
$3.54B
38.4
1.86
Is ACLS Bullish or Bearish?
Mixed.
Innellis AI committee rates Axcelis Technologies, Inc. (ACLS) Watch with a composite score of 58/100
, based on 6 analysts with 50% agreement.
Last updated September 06, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +2.06 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -17.94 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious — revenue declining -3.4% yoy -- this is not a growth story right now. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- Low leverage (debt-to-equity 0.04) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- News sentiment is positive (+0.29 across 7 articles, 14d) — News
Bear Case
- P/E of 38.3 is moderate-to-rich — Value
- Revenue declining -3.4% YoY -- this is not a growth story right now — Growth
- EPS declining -39.2% YoY despite any revenue growth — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 35.7% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of September 06, 2026
Overall Committee Score
58/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 73%
of 287 Technology peers
Value Analyst
neutral
55
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 38.3 is moderate-to-rich
Growth Analyst
bearish
40
/ 100 · High confidence
Growth story is weak, decelerating, or inconsistent
+ Quarter-over-quarter growth rate is ACCELERATING, not just positive
− Revenue declining -3.4% YoY -- this is not a growth story right now
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.04) -- balance sheet can absorb a shock
− Bollinger bandwidth of 35.7% signals elevated volatility
Macro Analyst
bullish
80
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
bullish
67
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.29 across 7 articles, 14d)
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 2704.43)
Investment Thesis Evolution
Committee score moved marginally from 57.9 to 57.9.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-09-05 to 2026-09-06 (1 day apart).
Technical Analysis
RSI (14)
39.7
Neutral
MACD Histogram
-1.105
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$112.01
Resistance
$171.58
Bollinger %B
0.26
Inside Bands
Price vs Moving Averages
EMA 9
$116.37
Below
EMA 21
$123.25
Below
EMA 50
$132.23
Below
EMA 200
$120.85
Below
Fundamental Analysis
Valuation
59
Growth
72
Profitability
64
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
38.4×
P/B Ratio
3.33×
PEG Ratio
-0.99
Dividend Yield
0.00%
52W High
$193.78
52W Low
$73.60
Quality & Growth
ROE
1162.1%
ROA
883.2%
Gross Margin
4301.1%
Operating Margin
1032.5%
Revenue Growth YoY
—
Debt / Equity
0.04
AI Fundamental Assessment
P/E ratio of 38.4 (rich relative to a 15-40x range); Price-to-book of 3.3x; PEG ratio of -1.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 11.6%; Return on assets of 8.8%; Net margin of 10.7%; Gross margin of 43.0%; Current ratio of 4.90 (healthy short-term liquidity); Debt-to-equity of 0.04; Free cash flow per share is positive (2.13); Most recent quarter beat estimates by 16.3%; EPS growth accelerating (-51.7% -> +47.2% QoQ); Analyst estimates falling over recent quarters
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