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Axcelis Technologies vs Lam Research: revenue, profit, margins and growth compared

Axcelis Technologies brought in $839M of revenue in fiscal 2025, Lam Research $23.2B in fiscal 2026. Revenue changed by -17.6% at Axcelis Technologies and +26.0% at Lam Research on the year before, so Lam Research grew faster. Axcelis Technologies kept 14.3% of its revenue as net profit, Lam Research 31.3%. Free cash flow was $107M at Axcelis Technologies and $4.9B at Lam Research.

Side by side, latest fiscal year

ACLSLRCX
Fiscal year endedFY2025 (December 31, 2025)FY2026 (June 28, 2026)
Revenue$839M$23.2B
Revenue growth-17.6%+26.0%
Net income$120.2M$7.3B
Net margin14.3%31.3%
Free cash flow$107M$4.9B
Free cash flow margin12.8%21.1%
Earnings per share (diluted)$3.80$5.76
Cash$145.5M$5.6B
Debtn/a$3.7B
Price to earnings32.454.7
Market value$3.8B$394.4B
Dividend yieldn/a0.33%
Rank by revenue in sector#242 of 530 · Technology#31 of 530 · Technology

Over the years

Revenue
ACLS FY2018: $442.6MACLS FY2019: $343MACLS FY2020: $474.6MACLS FY2021: $662.4MACLS FY2022: $920MACLS FY2023: $1.1BACLS FY2024: $1BACLS FY2025: $839MLRCX FY2019: $9.7BLRCX FY2020: $10BLRCX FY2021: $14.6BLRCX FY2022: $17.2BLRCX FY2023: $17.4BLRCX FY2024: $14.9BLRCX FY2025: $18.4BLRCX FY2026: $23.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACLS $839MLRCX $23.2B
Net income
ACLS FY2018: $45.9MACLS FY2019: $17MACLS FY2020: $50MACLS FY2021: $98.7MACLS FY2022: $183.1MACLS FY2023: $246.3MACLS FY2024: $201MACLS FY2025: $120.2MLRCX FY2019: $2.2BLRCX FY2020: $2.3BLRCX FY2021: $3.9BLRCX FY2022: $4.6BLRCX FY2023: $4.5BLRCX FY2024: $3.8BLRCX FY2025: $5.4BLRCX FY2026: $7.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACLS $120.2MLRCX $7.3B
Net margin
ACLS FY2018: 10.4%ACLS FY2019: 5.0%ACLS FY2020: 10.5%ACLS FY2021: 14.9%ACLS FY2022: 19.9%ACLS FY2023: 21.8%ACLS FY2024: 19.7%ACLS FY2025: 14.3%LRCX FY2019: 22.7%LRCX FY2020: 22.4%LRCX FY2021: 26.7%LRCX FY2022: 26.7%LRCX FY2023: 25.9%LRCX FY2024: 25.7%LRCX FY2025: 29.1%LRCX FY2026: 31.3%FY18FY19FY20FY21FY22FY23FY24FY25FY26
ACLS 14.3%LRCX 31.3%
Revenue growth
ACLS FY2019: -22.5%ACLS FY2020: +38.4%ACLS FY2021: +39.6%ACLS FY2022: +38.9%ACLS FY2023: +22.9%ACLS FY2024: -10.0%ACLS FY2025: -17.6%LRCX FY2020: +4.1%LRCX FY2021: +45.6%LRCX FY2022: +17.8%LRCX FY2023: +1.2%LRCX FY2024: -14.5%LRCX FY2025: +23.7%LRCX FY2026: +26.0%FY19FY20FY21FY22FY23FY24FY25FY26
ACLS -17.6%LRCX +26.0%
Free cash flow
ACLS FY2018: $42.3MACLS FY2019: -$25.6MACLS FY2020: $62.3MACLS FY2021: $141.5MACLS FY2022: $204.9MACLS FY2023: $136.2MACLS FY2024: $128.6MACLS FY2025: $107MLRCX FY2019: $2.9BLRCX FY2020: $1.9BLRCX FY2021: $3.2BLRCX FY2022: $2.6BLRCX FY2023: $4.7BLRCX FY2024: $4.3BLRCX FY2025: $5.4BLRCX FY2026: $4.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
ACLS $107MLRCX $4.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about Axcelis Technologies and Lam Research

Which is bigger by revenue, Axcelis Technologies or Lam Research?

Lam Research is bigger by revenue: $23.2B in fiscal 2026, against $839M for Axcelis Technologies in fiscal 2025.

Which keeps more of its revenue as profit, Axcelis Technologies or Lam Research?

Axcelis Technologies had a net margin of 14.3% in fiscal 2025; Lam Research had 31.3% in fiscal 2026.

Which grew revenue faster, Axcelis Technologies or Lam Research?

In their latest fiscal years revenue changed by -17.6% at Axcelis Technologies and +26.0% at Lam Research.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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