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Axcelis Announces Financial Results for Second Quarter 2026

Published

3 months ago

on

Q2 2026 Highlights:

Revenue of $215.2 millionGAAP Gross Margin of 42.4%, and Non-GAAP Gross Margin of 42.7%GAAP Operating Margin of 9.4% and Non-GAAP Operating Margin of 14.7%GAAP Diluted Earnings Per Share of $0.75, and Non-GAAP Diluted Earnings Per Share of $1.06

BEVERLY, Mass., Aug. 6, 2026 /PRNewswire/ — Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the second quarter ended June 30, 2026.

President and CEO Russell Low commented, “We executed well in the second quarter, delivering results that exceeded our forecasts driven by stronger system shipments and higher CS&I volume.” Low continued, “Demand in the Memory market remains robust, and we are also benefitting from positive momentum in our Power market. In General Mature, we are encouraged by improving engagement and utilization trends as customers respond to growing end-demand in data center, industrial and automotive segments. As a result, we now expect to deliver year-over-year revenue growth in 2026, with momentum carrying through to 2027. We are focused on satisfying the remaining conditions to complete our pending merger with Veeco and look forward to closing the transaction in the second half of 2026.”

Senior Vice President and Interim CFO David Ryzhik stated, “Axcelis delivered better than expected revenue and operating income in our second quarter, reflecting the attractive operating leverage in our business.” Ryzhik concluded, “With improving systems demand in our markets and continued strength in our CS&I aftermarket business, we anticipate that Axcelis’ financial performance will continue to improve over the balance of 2026.”

Results Summary

(In thousands, except per share amounts and percentages)

Three months ended June 30,

2026

2025

Revenue

$

215,175

$

194,544

Gross margin

42.4 %

44.9 %

Operating margin

9.4 %

14.9 %

Net income

$

23,291

$

31,376

Diluted earnings per share

$

0.75

$

0.98

Non-GAAP Results

Three months ended June 30,

2026

2025

Non-GAAP gross margin

42.7 %

45.2 %

Non-GAAP operating margin

14.7 %

17.7 %

Adjusted EBITDA

$

35,972

$

38,872

Non-GAAP net income

$

32,968

$

36,013

Non-GAAP diluted earnings per share

$

1.06

$

1.13

Business Outlook
For the third quarter ending September 30, 2026, Axcelis expects revenues of approximately $230 million, GAAP earnings per diluted share of approximately $0.76, and non-GAAP earnings per share of approximately $1.11.

Please refer to Third Quarter 2026 Outlook under the “Notes on our Non-GAAP Financial Information” section of this document for detail relating to the computation of non-GAAP earnings per diluted share as well as the Safe Harbor Statement section of this document.

Second Quarter 2026 Conference Call
The Company will host a call to discuss the results for the second quarter 2026 today at 8:30 a.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis’ website at www.axcelis.com, or by registering as a participant here:
https://register-conf.media-server.com/register/BIf61211144e3b4baeb4c13ba3b1f529fa
Webcast replays will be available for 30 days following the call.

Use of Non-GAAP Financial Results
This press release includes financial measures that are not presented in accordance with U.S. generally accepted accounting principles (“non-GAAP financial measures”). These non-GAAP financial measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP income tax provision, Adjusted EBITDA, non-GAAP net income, and non-GAAP diluted earnings per share, and reflect adjustments for the impact of share-based compensation expense, certain items related to restructuring and severance charges and any associated adjustments and transaction and integration costs associated with the merger agreement with Veeco Instruments announced on October 1, 2025.

Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP are provided in the financial tables included in this release.

For further information regarding these non-GAAP financial measures, please refer to the tables presenting reconciliations of our non-GAAP results to our GAAP results and the “Notes on Our Non-GAAP Financial Information” at the end of this press release.

Safe Harbor Statement
This press release contains, and the conference call will contain, forward-looking statements under the Private Securities Litigation Reform Act safe harbor provisions. These statements, which include our expectations for spending in our industry and guidance for future financial performance, are based on management’s current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are outside the control of the Company, including that customer decisions to place orders or our product shipments may not occur when we expect, that orders may not be converted to revenue in any particular quarter, or at all, whether demand will continue for the semiconductor equipment we produce or, if not, whether we can successfully meet changing market requirements, and whether we will be able to maintain continuity of business relationships with and purchases by major customers. Increased competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and instability caused by changing global economic, political or financial conditions, including with respect to the imposition of tariffs on our products or components of our products, could also cause actual results to differ materially from those in our forward-looking statements. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.

About Axcelis
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 45 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.

CONTACTS:

Investor Relations Contact:
David Ryzhik
Senior Vice President and Interim CFO
Telephone: (978) 787-2352
Email: David.Ryzhik@axcelis.com

Press/Media Relations Contact:
Maureen Hart
Senior Director, Corporate & Marketing Communications
Telephone: (978) 787-4266
Email: Maureen.Hart@axcelis.com

 

Axcelis Technologies, Inc.

Consolidated Statements of Operations

(In thousands, except per share amounts)

(Unaudited)

Three months ended 

Six months ended

June 30,

June 30,

2026

2025

2026

2025

Revenue:

Product

$

200,488

$

183,402

$

388,497

$

366,226

Services

14,687

11,142

25,634

20,881

Total revenue

215,175

194,544

414,131

387,107

Cost of revenue:

Product

106,998

95,462

212,734

189,962

Services

16,988

11,739

29,627

21,034

Total cost of revenue

123,986

107,201

242,361

210,996

Gross profit

91,189

87,343

171,770

176,111

Operating expenses:

Research and development

28,977

27,064

57,493

54,192

Sales and marketing

19,554

15,003

36,908

30,127

General and administrative

22,377

16,311

49,138

33,668

Total operating expenses

70,908

58,378

143,539

117,987

Income from operations

20,281

28,965

28,231

58,124

Other income (expense):

Interest income

4,575

5,481

9,037

11,082

Interest expense

(1,263)

(1,355)

(2,554)

(2,722)

Other, net

1,755

1,906

1,259

1,597

Total other income

5,067

6,032

7,742

9,957

Income before income taxes

25,348

34,997

35,973

68,081

Income tax provision

2,057

3,621

3,468

8,126

Net income

$

23,291

$

31,376

$

32,505

$

59,955

Net income per share:

Basic

$

0.76

$

0.99

$

1.06

$

1.87

Diluted

$

0.75

$

0.98

$

1.05

$

1.87

Shares used in computing net income per share:

Basic weighted average shares of common stock

30,805

31,847

30,764

32,051

Diluted weighted average shares of common stock

31,134

31,882

31,084

32,103

 

Axcelis Technologies, Inc.

Consolidated Balance Sheets

(In thousands, except per share amounts)

(Unaudited)

June 30,

December 31,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

154,996

$

145,451

Short-term investments

247,220

228,802

Accounts receivable, net

154,149

168,479

Inventories, net

338,174

329,010

Prepaid income taxes

4,863

4,658

Prepaid expenses and other current assets

80,369

66,802

Total current assets

979,771

943,202

Property, plant and equipment, net

58,022

56,146

Operating lease assets

27,568

28,927

Finance lease assets, net

13,516

14,154

Long-term restricted cash

10,633

10,627

Deferred income taxes

78,815

79,895

Long-term investments

174,829

182,396

Other assets

43,684

46,004

Total assets

$

1,386,838

$

1,361,351

Current liabilities:

Accounts payable

$

58,807

$

42,309

Accrued compensation

20,010

34,233

Warranty

9,634

9,516

Income Taxes

2,833

11,383

Deferred revenue

81,679

65,494

Current portion of finance lease obligation

1,722

1,575

Other current liabilities

25,416

33,150

Total current liabilities

200,101

197,660

Long-term finance lease obligation

39,845

40,754

Long-term deferred revenue

36,863

43,445

Other long-term liabilities

44,208

44,815

Total liabilities

321,017

326,674

Stockholders’ equity:

Common stock, $0.001 par value, 75,000 shares authorized; 30,881 shares issued and
outstanding at June 30, 2026; 30,717 shares issued and outstanding at December 31, 2025

31

31

Additional paid-in capital

536,152

533,309

Retained earnings

536,044

503,539

Accumulated other comprehensive loss

(6,406)

(2,202)

Total stockholders’ equity

1,065,821

1,034,677

Total liabilities and stockholders’ equity

$

1,386,838

$

1,361,351

 

Axcelis Technologies, Inc.

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

Three months ended

Six months ended

June 30,

June 30,

2026

2025

2026

2025

Cash flows from operating activities

Net income

$

23,291

$

31,376

$

32,505

$

59,955

Adjustments to reconcile net income to net cash provided by operating
activities:

Depreciation and amortization

4,439

4,515

8,875

8,824

Stock-based compensation expense

6,425

5,421

11,324

10,324

Other

(645)

(9,335)

3,160

(11,017)

Change in other assets and liabilities, net

(15,137)

7,750

(19,352)

11,436

Net cash provided by operating activities

18,373

39,727

36,512

79,522

Cash flows from investing activities

Expenditures for property, plant and equipment and capitalized software

(3,554)

(1,985)

(5,393)

(6,945)

Other changes in investing activities, net

(2,543)

(2,628)

(11,343)

42,801

Net cash (used in) provided by investing activities

(6,097)

(4,613)

(16,736)

35,856

Cash flows from financing activities

Repurchase of common stock

(244)

(45,337)

(244)

(63,515)

Other changes from financing activities, net

(7,608)

(1,650)

(9,005)

(3,582)

Net cash used in financing activities

(7,852)

(46,987)

(9,249)

(67,097)

Effect of exchange rate changes on cash and cash equivalents

(252)

1,643

(976)

1,935

Net increase (decrease) in cash, cash equivalents and restricted cash

4,172

(10,230)

9,551

50,216

Cash, cash equivalents and restricted cash at beginning of period

161,457

191,510

156,078

131,064

Cash, cash equivalents and restricted cash at end of period

$

165,629

$

181,280

$

165,629

$

181,280

 

Axcelis Technologies, Inc. 

Schedule Reconciling Selected Non-GAAP Financial Measures

(In thousands, except per share amounts)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

GAAP gross Profit

$

91,189

$

87,343

$

171,770

$

176,111

Restructuring1

—

—

—

226

Stock-based compensation

755

569

1,197

922

Non-GAAP gross profit

$

91,944

$

87,912

$

172,967

$

177,259

Non-GAAP gross margin

42.7 %

45.2 %

41.8 %

45.8 %

GAAP operating expense

$

70,908

$

58,378

$

143,539

$

117,987

Transaction and integration2

(4,827)

—

(15,225)

(481)

Bad debt expense

—

—

(65)

—

Restructuring1

—

29

—

(894)

Stock-based compensation

(5,670)

(4,852)

(10,127)

(9,402)

Non-GAAP operating expense

$

60,411

$

53,555

$

118,122

$

107,210

GAAP operating income

$

20,281

$

28,965

$

28,231

$

58,124

Transaction and integration2

4,827

—

15,225

481

Bad debt expense

—

—

65

—

Restructuring1

—

(29)

—

1,120

Stock-based compensation

6,425

5,421

11,324

10,324

Non-GAAP operating income

$

31,533

$

34,357

$

54,845

$

70,049

Non-GAAP operating margin

14.7 %

17.7 %

13.2 %

18.1 %

GAAP income tax provision

$

2,057

$

3,621

$

3,468

$

8,126

Income tax effect of non-GAAP
adjustments3 

1,575

755

3,726

1,670

Non-GAAP income tax provision

$

3,632

$

4,376

$

7,194

$

9,796

GAAP net income

$

23,291

$

31,376

$

32,505

$

59,955

Transaction and integration2

4,827

—

15,225

481

Bad debt expense

—

—

65

—

Restructuring1

—

(29)

—

1,120

Stock-based compensation

6,425

5,421

11,324

10,324

Income tax effect of non-GAAP
adjustments3 

(1,575)

(755)

(3,726)

(1,670)

Non-GAAP net income

$

32,968

$

36,013

$

55,393

$

70,210

GAAP diluted EPS

$

0.75

$

0.98

$

1.05

$

1.87

Transaction and integration2

0.16

—

0.49

.01

Bad debt expense

—

—

—

—

Restructuring1

—

—

—

0.03

Stock-based compensation

0.21

0.17

0.36

0.32

Income tax effect of non-GAAP
adjustments3 

(0.05)

(0.02)

(0.12)

(0.05)

Non-GAAP diluted EPS

$

1.06

$

1.13

$

1.78

$

2.19

Note 1:

Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.

Note 2:

Transaction and integration costs include expenses associated with the merger agreement with Veeco Instruments, announced on October 1, 2025. Transaction and integration costs for the six months ended June 30, 2025 include $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported second quarter 2025 results, given that they occurred prior to transaction announcement on October 1, 2025.

Note 3:

Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.

Figures may not sum due to rounding.

 

Axcelis Technologies, Inc.

Reconciliation of Net Income to Adjusted EBITDA

(In thousands, except percentages)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Net Income

$

23,291

$

31,376

$

32,505

$

59,955

Other (income)/expense

(5,067)

(6,032)

(7,742)

(9,957)

Income tax provision

2,057

3,621

3,468

8,126

Depreciation & amortization

4,439

4,515

8,875

8,824

Subtotal

24,720

33,480

37,106

66,948

Transaction and integration1

4,827

—

15,225

481

Bad debt expense

—

—

65

—

Restructuring2

—

(29)

—

1,120

Stock-based compensation

6,425

5,421

11,324

10,324

Adjusted EBITDA

$

35,972

$

38,872

$

63,720

$

78,873

Adjusted EBITDA margin

16.7 %

20.0 %

15.4 %

20.4 %

Note 1:

Transaction and integration costs for the six months ended June 30, 2025 include $481,000 of expenses that were not reflected as a GAAP to Non-GAAP reconciliation line item when the Company reported second quarter 2025 results, given that they occurred prior to transaction announcement on October 1, 2025.

Note 2:

Restructuring and other costs primarily related to early retirement programs and severance costs, due to global cost-saving initiatives.

 

Axcelis Technologies, Inc.

Third Quarter 2026 Outlook

GAAP to Non-GAAP Diluted Earnings Per Share

Three months ended

September 30, 2026

GAAP diluted EPS

$

0.76

Transaction and Integration1

0.19

Stock-based compensation

0.21

Income tax effect of non-GAAP adjustments2

(0.06)

Non-GAAP diluted EPS

$

1.11

Note 1:

Transaction and Integration costs include expenses associated with the merger agreement with Veeco Instruments, announced on October 1, 2025.

Note 2:

Impact of taxes from non-GAAP adjustments, uses adjusted tax rate of 14%.

Figures may not sum due to rounding.

 

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SOURCE Axcelis Technologies, Inc.

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Backdoor References: 37% Say Potential Employers Contacted People They Never Listed

Published

38 minutes ago

on

November 13, 2026

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New report examines the realities of professional references, as nearly 1 in 3 workers say they’ve struggled to find enough when applying for a job.

GUAYNABO, Puerto Rico, Nov. 13, 2026 /PRNewswire/ — A job reference may seem like a straightforward endorsement, but what happens behind the scenes can be more complicated.

New research from Zety®, a leading resume builder, shows some references are recommending people despite their own reservations (40%), some candidates are coaching or even faking references (19%), and employers aren’t always sticking to the names they’re given (37%).

Surveying over 1,000 U.S. workers, the Professional References Report found that 42% believe references should have little to no influence on an employer’s final hiring decision, with the results raising broader questions about the role references play in hiring.

Key Findings

Rise of ‘backdoor’ references: 37% say a potential employer reached out to a former manager or coworker who was not listed as a reference.Candidates struggle to meet reference requirements: Nearly one-third have had difficulty finding enough professional references when applying for a job.Some job seekers turn to fake references: 1 in 10 have asked a friend or family member to pose as a former coworker or manager.References can come with reservations: More than half (52%) have been asked to recommend someone they weren’t comfortable endorsing, yet 22% gave a positive reference anyway.

How Far Job Seekers Go to Manage References

Rather than leaving references to chance, many candidates take steps to steer the process in their favor.

Workers report using several tactics:

39% chose people they know will speak positively about them.11% asked their references ahead of time what they plan to say about them.11% avoided listing a former manager because they expected a negative reference.10% asked a friend or family member to pose as a former coworker or manager.9% coached their reference on what to say.7% intentionally provided outdated contact information.

High Risk for ‘Backdoor’ References

Candidates may carefully curate their references, but 37% of workers say a potential employer reached out to a former manager or coworker they never listed.

Meanwhile, the references they do provide aren’t necessarily contacted: just 15% say their references were contacted every time they were hired, while 47% say sometimes and 38% say rarely or never.

Opinions are divided on whether employers should go beyond the reference list:

48% say it’s acceptable, but only with the candidate’s permission.25% say it’s acceptable even without the candidate’s permission.27% say it’s unacceptable to contact people who were not provided as references.

Not Every Reference Is an Endorsement

Being selected as a reference does not necessarily mean someone is comfortable recommending the candidate. More than half of workers (52%) have been asked to provide a reference for someone they had reservations about, including:

22% who gave a positive reference anyway.18% who gave an honest but mixed or negative reference.12% who declined.

Questioning the True Value of References

Despite their longstanding role in hiring, professional references do not carry the same value for every worker. Some question their accuracy and influence, while others struggle to meet reference requirements in the first place:

22% feel that professional references do not accurately reflect a candidate’s work performance.Nearly 1 in 3 (31%) have struggled to find enough professional references when applying for a job.42% believe references should have little to no influence on an employer’s final hiring decision.

“Rogue reference checks introduce a wild card into the hiring process because candidates have no control over who is contacted or what version of their work history that person may share,” said Dr. Jasmine Escalera, career expert at Zety. “Someone outside a candidate’s reference list may have an incomplete view of their performance or a perspective colored by office politics, past conflicts, or personal history. Even more concerning, the candidate may never know the conversation took place, much less have an opportunity to provide context.”

For detailed insights on the Professional References Report, access the full study at https://zety.com/blog/professional-references-report or contact Skyler Acevedo, at skyler.acevedo@bold.com.

Methodology

The findings presented are based on a nationally representative survey conducted by Zety using Pollfish on August 24, 2026. The survey collected responses from 1,007 U.S. employees and examined their experiences, perceptions, and attitudes regarding professional references, including how references are selected, provided, and contacted, as well as their perceived accuracy and influence on hiring decisions.

Respondents answered different types of questions, including yes/no; scale-based questions, where they indicated their level of agreement with statements; and multiple-choice questions, where they could select from a list of provided options.

The sample consisted of 56% female, 43% male, and 1% nonbinary respondents, with 21% Gen Z, 27% millennials, 26% Gen X, and 26% baby boomers.

About Zety

Zety’s Resume Builder is a premier platform that leverages advanced AI tools to help job seekers stand out and land interviews effortlessly. Offering step-by-step guidance, curated content suggestions, and 100s of professional, ATS-friendly resume templates, it allows users to feel confident crafting tailored applications. Millions of professionals rely on Zety’s interactive suite—which also features an easy-to-use Cover Letter Generator—to produce high-quality documents that are free to create and ready to download. Since 2016, Zety’s career blog has provided free data-driven insights from career experts and Certified Professional Resume Writers aimed at empowering professionals at every stage of their journey. The Zety Workforce Hub presents current trends and hiring patterns, with the best career advice and evidence-based findings featured in outlets like Business Insider, CNBC, and Forbes, among others. Select Zety as a preferred source on Google to receive more workforce trends, career insights, and labor market research in your personalized search experience.  

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SOURCE Zety

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Kase Celebrates Terra Kaffe’s Selection for Oprah’s Favorite Things 2026

Published

38 minutes ago

on

November 13, 2026

By

Longstanding partnership helps premium coffee brand scale fulfillment operations and prepare for increased holiday demand

FONTANA, Calif., Nov. 13, 2026 /PRNewswire/ — Kase, a national third-party logistics (3PL) provider, is celebrating a major milestone for customer Terra Kaffe, whose Demi espresso machine has been selected for Oprah‘s Favorite Things 2026. As Oprah says on oprahdaily.com, “I added this to my kitchen—mine’s the Dune color. It grinds whole beans to make an Americano, drip coffee, and more, so everyone in the house gets what they like best.”

The selection marks a significant achievement for Terra Kaffe and reflects the brand’s growth in the home espresso market. “We knew we needed to partner with an organization that valued customer experience as much as we do. We’ve absolutely found that in the Kase team,” said Cate Marques, Chief Experience Officer at Terra Kaffe. “Kase has helped our organization grow in a way that’s truly scalable, which has been essential as our customer base has grown exponentially over the years.”

Today, Kase supports Terra Kaffe’s omnichannel fulfillment operations from its Sunnyvale, Texas facility, handling deluxe coffee equipment, accessories, and retail orders. The partnership also includes specialized services such as protective return packaging.

“For Terra Kaffe, ensuring we can trust our warehouse partner is paramount, as our customers are trusting us to deliver their high-value orders efficiently and safely,” said Marques. “We know the Kase team has it covered on the fulfillment and shipping side, and cares just as much about our customers getting an unparalleled experience as we do.”

From January through September 2026, Kase exceeded target service-level agreements (SLAs) for order accuracy and damage-free shipments for Terra Kaffe. “We’re thrilled that even icons like Oprah are recognizing Terra Kaffe’s quality and craftsmanship,” said Peter Davis, President of Kase. “We’re proud to play a role in delivering the experience their customers expect.”

As Terra Kaffe enters the holiday shopping season, its fulfillment partnership with Kase will continue to support the brand. “We’re ready for this milestone, and all it entails, thanks in no small part to having the Kase team in our corner, ready to support us through this massive growth moment,” said Marques.

About Terra Kaffe

Terra Kaffe is a premium coffee equipment brand dedicated to bringing the café experience home. Through thoughtfully designed espresso machines and innovative coffee technology, Terra Kaffe makes it easier for consumers to enjoy high-quality, personalized coffee at home. Learn more at https://www.terrakaffe.com/.

About Kase

Kase is a national 3PL with over 60 years of logistics experience and a combined supply chain network spanning more than 14 million square feet. The company provides direct-to-consumer, retail, and omnichannel fulfillment, supported by proprietary technology for real-time order tracking, routing, inventory control, and parcel rate selection. Kase goes Beyond Fulfillment to help brands deliver on their promises. Learn more at https://kase.com/.

Media Contact
Mary Berko
Marketing Director
Kase
berkma@wsinc.com

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Weekly Gains Hold Up Despite a Friday Slide as Chips Lead and Yields Climb

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November 13, 2026

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VANCOUVER, BC, Nov. 13, 2026 /PRNewswire/ — Stock Preachers News Commentary – Wall Street closed out a volatile week with every major index still higher versus last Friday, even after a broad Friday retreat. The Nasdaq Composite led decliners with a 1.24% drop on the session, while the S&P 500 fell 0.75% and the Dow slipped 0.14%. For the week, the S&P 500 gained 2.15%, the Nasdaq rose 1.92% and the Dow added 1.83%, as chip-driven strength carried the market even as Friday gave back some ground heading into the weekend. Active Companies from around the markets with current developments this week include: Eli Lilly and Company (NYSE: LLY), vVardis (NYSE: VVVV), NVIDIA Corporation (Nasdaq: NVDA), Caterpillar Inc. (NYSE: CAT), and Bank of America Corporation (NYSE: BAC).

The S&P 500 closed at 7535.72, down 56.68 points on the day but up 158.86 points, or 2.15%, from last Friday’s 7376.86 close. The index touched a week high of 7652.76 and a week low of 7422.24, and sits up 10.08% year to date. Its RSI14 reading of 45.6 points to a market that cooled off from overbought conditions during the week.

The Nasdaq Composite fell 315.80 points, or 1.24%, on Friday to 25050.29, trimming its weekly gain to 1.92% from the November 6 close of 24579.43. The index ranged between 24762.57 and 25649.85 during the week and carries an RSI14 of 41.6, the weakest among major indices. The Dow Jones Industrial Average slipped 75.29 points to 52221.80, still up 1.83% on the week and 8.65% year to date, while the Russell 2000 eased 17.98 points to 2781.08, up 0.98% for the week.

The VIX rose 1.14 points to 19.84 on Friday, essentially flat on the week, while the VXN volatility gauge climbed 1.33 points to 29.88 but ended the week down 4.14 points. The 10-year Treasury yield rose 3 basis points on the day and 27 basis points on the week to 5.13%. Gold fell 5.56% for the week to $3,885.70 an ounce, silver dropped 6.66% to $49.06, and WTI crude added 1.92% to $88.52 a barrel.

The full report includes the complete levels ladder for each index, sector and company movers, and a look ahead to next week’s market drivers.

CONTINUED… Read this and more news for Eli Lilly and Company (NYSE: LLY), vVardis (NYSE: VVVV), NVIDIA Corporation (Nasdaq: NVDA), Caterpillar Inc. (NYSE: CAT), and Bank of America Corporation (NYSE: BAC) at: https://stockpreachers.com/articles/a-choppy-week-closes-out-with-the-gains-still-standing/

In other industry developments and happenings in the market this week include:

Eli Lilly and Company (NYSE: LLY) Eli Lilly broke ground on a $3.5 billion manufacturing facility in Pennsylvania’s Lehigh Valley, part of its $50 billion push to expand U.S. medicine production. The site will manufacture injectable obesity medicines, including the investigational triple hormone receptor agonist retatrutide, and is expected to be operational by 2031.

The facility is projected to create 850 high-wage jobs and about 2,000 construction jobs, and is one of 10 new U.S. manufacturing sites Lilly has announced since 2020. David A. Ricks, Lilly Chair and CEO, said, “This $3.5 billion investment means we’ll be able to make these medicines in Pennsylvania for people here at home and around the world.”

Lilly said the site will use machine learning, AI and digital automation and is targeting LEED Gold certification. Edgardo Hernandez, Executive Vice President and President of Lilly Manufacturing Operations, said each production run goes through “more than 5,000 documented steps” with units inspected more than 70 times for defects. Read the release.

vVardis (NYSE: VVVV) vVardis priced 9.72 million shares at $18 apiece ahead of its listing on the NYSE under the ticker VVVV, part of the exchange’s daily pre-market update. The dental health firm says it provides the first commercially available peptide-containing formulation to treat early cavities without drilling.

Co-founders, Co-Chairs and Co-CEOs Dr. Haley Abivardi and Dr. Goly Abivardi were set to join NYSE Live to discuss the company’s decision to go public. The listing was featured alongside the NYSE’s opening bell coverage of the IPO. Read the release.

NVIDIA Corporation (Nasdaq: NVDA) Bronstein, Gewirtz & Grossman announced a securities class action against NVIDIA covering investors who purchased shares between October 9, 2025 and November 8, 2026. The lead plaintiff deadline is January 8, 2027.

The complaint alleges Nvidia made false or misleading statements related to its relationship with Megaspeed, a company suspected of helping China evade export controls, and that these circumstances raised national security concerns with potential reputational and business risk.

Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC, said, “Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.” Read the release.

Caterpillar Inc. (NYSE: CAT) Pomerantz LLP announced an investigation into Caterpillar following its October 29, 2026 third-quarter results, which disclosed inventories of $22.2 billion, a 22% year-over-year increase, and $460 million in added manufacturing costs from freight, materials and tariffs.

The firm noted that operating profits included $128 million of tariff recoveries, which it said may not be sustained going forward. On the news, Caterpillar shares fell $65.99, or 9.25%, to close at $647.39 on October 29, 2026. Read the release.

Bank of America Corporation (NYSE: BAC) Rosen Law Firm reminded purchasers of Bank of America common stock between August 1, 2025 and October 13, 2026 of the December 15, 2026 lead plaintiff deadline in a securities fraud class action.

The lawsuit alleges systemic weaknesses in subsidiary Bank of America, N.A.’s BSA/AML program caused it to fail to properly monitor trillions of dollars in transactions and to miss or file inaccurate suspicious activity reports, and that deficiencies persisted after a 2024 Consent Order.

The complaint further claims BANA had deficiencies in its sanctions compliance program and processed transactions later identified as apparent violations of multiple sanctions programs, exposing the company to compliance costs and penalties. Read the release.

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