Axcelis Technologies (ACLS) Dips More Than Broader Market: What You Should Know

Axcelis Technologies stock fell 5.87% on October 16, 2026, outpacing the broader market decline of 1.09%. Despite a 10.05% gain over the past month, the semiconductor services company faces headwinds with projected EPS declining 8.26% year-over-year, though revenue is expected to grow 7.7%. The stock holds a Zacks Rank of #3 (Hold) with a Forward P/E of 27.94, above its industry average PEG ratio.