Core Insights - Axcelis Technologies Inc (ACLS) is expected to report third-quarter 2024 results on November 6, with estimated revenues of approximately $255 million, reflecting a 12.7% decline year-over-year [1] - The earnings per share (EPS) for the quarter is projected to be $1.43, indicating a 28.1% decrease from the previous year [2] Revenue and Earnings Expectations - The Zacks Consensus Estimate for revenues stands at $255.1 million, aligning closely with ACLS's own estimates [1] - The consensus mark for EPS is unchanged in the past 60 days, also pegged at $1.43 [2] Historical Performance - ACLS has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average earnings surprise of 14.9% [2] - Over the past year, ACLS shares have declined by 33.4%, contrasting with the industry growth of 12.5% [2] Market Dynamics - Demand for ACLS's ion implantation systems is expected to benefit from the growing silicon-carbide power market, driven by the transition to electric vehicles [2][3] - The company is also capitalizing on opportunities in AI data centers, with increasing demand for high implant intensity technologies [3] Sector Challenges - ACLS did not generate any systems revenues from the memory market in the second quarter of 2024, but anticipates a recovery in DRAM chip demand by 2025 [4] - The overall wafer front-end spending in NAND remains soft, with improvements projected by 2025 [4] - The company is cautious about demand trends in the General Mature market segment, expecting moderation in the second half of 2024 due to macroeconomic factors [5] Operational Headwinds - Volatile supply-chain dynamics and global macroeconomic weakness are likely to pose additional challenges, alongside rising research and development expenses [6] - The company's earnings model does not predict an earnings beat for this quarter, with an Earnings ESP of 0.00% and a Zacks Rank of 3 [7]

Core Viewpoint - Axcelis Technologies, Inc. is set to release its financial results for the third quarter of 2024 on November 6, 2024, and will host a call to discuss these results on November 7, 2024 [1] Company Overview - Axcelis Technologies, Inc. is a leading supplier of ion implantation solutions for the semiconductor industry, with over 45 years of experience [1] - The company focuses on developing high-productivity solutions and providing complete life cycle support for ion implantation systems, which are critical in the integrated circuit manufacturing process [1]

Core Insights - Significant spending on artificial intelligence (AI) infrastructure is expected from major technology companies, leading to substantial opportunities for chip manufacturers [1][2] Group 1: Major Technology Companies' Spending - Microsoft plans to spend $55.7 billion on capital expenditures (capex) for AI data center infrastructure in fiscal 2024 [1] - Amazon's capex for AI in the first half of 2024 is $30.5 billion [1] - Alphabet allocated $25 billion for AI capex in the first half of 2024 [1] - Meta Platforms intends to spend between $37 billion and $40 billion on AI capex for the entirety of 2024 [1] - Oracle's AI capex for fiscal 2024 is $6.9 billion [1] Group 2: Chip Companies and Their Prospects - Nvidia is the leader in data center GPUs, with its H100 GPU setting industry benchmarks and new Blackwell architecture expected to enhance performance significantly [3][4] - Micron Technology's HBM3E memory chips are in high demand, with a 93% year-over-year revenue increase to $7.7 billion in fiscal 2024 [5][6] - Axcelis Technologies is positioned to benefit from the growing demand for power devices and memory chips, with a potential record revenue of $1.3 billion in 2025 [7][8] - Broadcom's AI semiconductor business has seen substantial growth, with a projected total revenue of $51.5 billion for fiscal 2024, including $12 billion from AI [9][10] - Advanced Micro Devices (AMD) is competing in the data center segment with its MI300 GPUs and plans to release the faster MI350 next year, while also leading in AI chips for personal computing [11][12]

Group 1 - Academy Sports and Outdoors, Inc. (ASO) operates as a sporting goods and outdoor recreational products retailer, with a Zacks Consensus Estimate for its current year earnings revised downward by 4.8% over the last 60 days [1] - American Vanguard Corporation (AVD) is a specialty chemicals company, experiencing a significant downward revision of 177.3% in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Axcelis Technologies, Inc. (ACLS) serves as an equipment supplier to the semiconductor industry, with its current year earnings estimate revised downward by 8.2% in the past 60 days [1]

Company Participation - Axcelis Technologies, Inc. will participate in the International Conference on Silicon Carbide and Related Materials (ICSCRM 2024) from September 29 to October 4, 2024, at the Raleigh Convention Center in North Carolina [1] - Management will be available for one-on-one meetings during the event [1] Industry Insights - The President and CEO of Axcelis, Dr. Russell Low, highlighted the significance of ICSCRM 2024 as a key technology forum in the power market [1] - Axcelis' Purion™ Power Series is recognized as a technology leader in the market, attributed to its differentiated features and process control [1] - The ion implantation process is critical in the manufacturing of Silicon Carbide devices, a market projected to grow at a 25% CAGR from 2023 to 2029 according to Yole [1]

Semiconductor service companies will be critical to the artificial intelligence boom, but they don't attract as much attention from investors as chipmakers like Nvidia.Artificial intelligence (AI) is primarily deployed using centralized data centers, but it's slowly migrating to computers and smartphones, which could drive a productivity boom across the economy. None of that would be possible without the advanced semiconductors supplied by companies like Nvidia, Advanced Micro Devices, and Micron Technology ...

BEVERLY, Mass., Sept. 4, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, will be a top-level Platinum Sponsor at the International Conference on Ion Implantation Technology 2024 (IIT 2024) taking place September 23-26 at the Toyama International Conference Center in Japan. IIT 2024 is the 24th Conference in the biennial series focused on the major challenges in current and emerging technologies related ...

Axcelis Technologies, Inc. (ACLS) has plunged 15.6% year to date compared with the sub-industry’s decline of 4.3%, reflecting underlying challenges for the company. Axcelis is a leading producer of ion implantation equipment used in the fabrication of semiconductors.Weakness in consumer electronics and EVs vertical has impeded the company’s sales growth momentum. In the first and second quarters, sales declined 0.7% and 6.4%, respectively. ACLS stock is also trading below its 100-day and 200-day moving aver ...

Core Insights - Axcelis Technologies, Inc. will showcase its Purion and GSD Ovation Series of ion implanters at SEMICON India 2024, highlighting significant technology and manufacturing advantages for the semiconductor industry [1][2] - The Indian semiconductor market is projected to exceed $55 billion by 2026, driven by sectors such as smartphones, automotive components, and computing [2] Product Offerings - Purion Power Series: Innovative solutions for thin silicon, TAIKO, and silicon carbide wafer processing across power device applications [1] - Purion H Series: Includes Purion H5 and Purion Dragon, designed for high current implants [1] - Purion H200: A state-of-the-art single wafer high current medium energy implanter for IoT and power applications [1] - Purion XE Series: Features Purion XEmax, a high energy implant platform for advanced image sensor applications up to 15MeV [1] - Purion M Series: Offers a broad spectrum of mid-current doses for evolving implant requirements [1] - GSD Ovation: Cost-effective solution for high current and high energy batch platform capabilities, supporting emerging power market applications [1] Company Background - Axcelis has over 45 years of experience in providing high-productivity solutions for the semiconductor industry, focusing on ion implantation systems [3] - The company is dedicated to developing enabling process applications through design, manufacture, and life cycle support of ion implantation systems [3]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Bloomin' Brands (BLMN) is a casual dining restaurant company with a portfolio of differentiated restaurant concepts. The Zacks Consensus Estimate for its current year earnings has been revised 14.8% downward over the last 60 days.Axcelis Technologies (ACLS) is a leading producer of ion implantation equipment used in the fabrication of semiconductors. The Zacks Consensus Estimate for its current year earnings has been revised almost 7. ...