ACLS · NASDAQ · STOCK
Axcelis Technologies (ACLS) Stock Analysis
$134.08
52W $73.60 – $193.78
55/100
$4.14B
44.9
1.85
Is ACLS Bullish or Bearish?
Mixed.
Innellis AI committee rates Axcelis Technologies, Inc. (ACLS) Watch with a composite score of 55/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +4.78 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 — -15.22 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. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). 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
- Price structure making higher highs and higher lows — Technical
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (uptrend) confirms the daily trend -- multi-timeframe agreement — Technical
- Low leverage (debt-to-equity 0.04) -- balance sheet can absorb a shock — Risk
Bear Case
- P/E of 45.0 is expensive by classic value standards — 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
- Price structure (LH_LL) contradicts the uptrend -- mixed signals — Technical
- Bollinger bandwidth of 46.0% 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 October 10, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 73%
of 287 Technology peers
Value Analyst
neutral
48
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 45.0 is expensive by classic value standards
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
bullish
63
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− Price structure (LH_LL) contradicts the uptrend -- mixed signals
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 46.0% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 55.2 to 55.2.
- New bearish signals: 2 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
55.7
Neutral
MACD Histogram
1.756
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$112.01
Resistance
$145.49
Bollinger %B
0.68
Inside Bands
Price vs Moving Averages
EMA 9
$134.42
Below
EMA 21
$128.56
Above
EMA 50
$127.94
Above
EMA 200
$121.31
Above
Fundamental Analysis
Valuation
54
Growth
72
Profitability
64
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
44.9×
P/B Ratio
3.89×
PEG Ratio
-1.16
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 44.9 (rich relative to a 15-40x range); Price-to-book of 3.9x; PEG ratio of -1.2 (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
Get the Full ACLS Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →