Axcelis Technologies Inc (ACLS) is slated to report second-quarter 2024 results on Jul 31.ACLS recently announced its preliminary second-quarter results, per which, now it expects revenues of more than $252 million while earnings per share (EPS) are projected to be more than $1.38. This compares with previously issued revenue guidance of $245 million and EPS of $1.30. The Zacks Consensus Estimate for second-quarter revenues is pegged at $252.4 million, which suggests a decline of 7.9% from a year ago. The c ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Axcelis Technologies (ACLS) due to lower revenues, with a consensus EPS estimate of $1.35, reflecting a -27.4% change, and revenues expected at $252.4 million, down 7.9% from the previous year [1][2]. Earnings Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [3]. - The Most Accurate Estimate for Axcelis is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.97%, suggesting a bullish outlook from analysts [6]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [5]. - Axcelis currently holds a Zacks Rank of 1, enhancing the likelihood of beating the consensus EPS estimate [6]. Historical Performance - In the last reported quarter, Axcelis exceeded the expected EPS of $1.26 by delivering $1.57, resulting in a surprise of +24.60% [7]. - The company has consistently beaten consensus EPS estimates over the last four quarters [7]. Conclusion - While an earnings beat may not solely dictate stock movement, Axcelis is positioned as a compelling candidate for an earnings surprise, with a positive Earnings ESP and a strong Zacks Rank [8].

BEVERLY, Mass., July 17, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry will release financial results for the second quarter 2024 on Wednesday, July 31, 2024, at 4:00 p.m. ET. The Company will host a call to discuss the results for the second quarter 2024 on Thursday, August 1, 2024, at 8:30 a.m. ET. The call will be available to interested listeners via an audio webcast that can be accessed through th ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Axcelis Technologies (ACLS) , which belongs to the Zacks Electronics - Manufacturing Machinery industry, could be a great candidate to consider.This semiconductor services company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters ...

Axcelis Technologies, Inc. (ACLS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ACLS's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving av ...

Developing the most advanced artificial intelligence (AI) models wouldn't be possible without the semiconductor industry.In 2016, Nvidia (NVDA 2.48%) CEO Jensen Huang personally delivered the first artificial intelligence (AI) supercomputer to OpenAI. In hindsight, that was a significant moment in history because the start-up went on to develop one of the AI industry's most advanced applications, ChatGPT.ChatGPT and many of its competitors can already generate text, images, videos, and computer code on comm ...

Core Points - Axcelis Technologies, Inc. announced the retirement of Doug Lawson, Executive Vice President of Corporate Marketing and Strategy, effective July 2024, with plans to remain as a Senior Advisor until July 2025 [2][4] - David Ryzhik has been appointed as the new Senior Vice President of Investor Relations and Corporate Strategy, starting in July 2024, bringing over 20 years of experience in investor relations and finance [2][3] Company Overview - Axcelis Technologies, Inc. is a leading supplier of ion implantation solutions for the semiconductor industry, with 45 years of experience in providing innovative, high-productivity solutions [5] - The company focuses on developing enabling process applications through the design, manufacture, and lifecycle support of ion implantation systems, which are critical in the integrated circuit manufacturing process [5] Leadership Transition - Doug Lawson has had a significant impact on Axcelis over his 15-year tenure, holding various executive leadership roles and contributing to corporate marketing, investor relations, business development, and IT [4] - Jamie Coogan, Executive Vice President and CFO, expressed confidence in David Ryzhik's capabilities to drive growth opportunities for Axcelis [4] - Russell Low, President and CEO, acknowledged Doug Lawson's contributions to the company's growth and strategy, emphasizing his role in building strong stakeholder relationships [4]

Axcelis Technologies, Inc. (ACLS) recently expanded business operations in Japan by setting up new service offices in June 2024. The service offices, located in Chitose, Hokkaido and Kumamoto, Kyushu, will support the ACLS’ growing client base in the country.ACLS noted that its service centers are located near the customers, which will facilitate localized support resources for the Purion ion implant equipment, which is in production.In Japan, Axcelis has been forging business partnerships with Silicon and ...

BEVERLY, Mass., June 27, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the establishment of new service offices in Chitose, Hokkaido and Kumamoto, Kyushu to support the Company's expanding customer base in Japan. Both service office locations opened in June 2024.President and CEO of Axcelis Technologies Russell Low, said, "We are proud of our growing installed base in Japan and remain focuse ...

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