Revenue and Profit - Revenue for Q3 2024 was $256.6 million, with a gross margin of 42.9% and operating profit of $46.9 million[1] - Net income for Q3 2024 was $48.6 million, or $1.49 per diluted share[1] - Axcelis expects Q4 2024 revenue of approximately $245 million and diluted earnings per share of $1.25[3] - Total revenue for the nine months ended September 30, 2024 was $765.4 million, compared to $820.3 million for the same period in 2023[10] - Gross profit for the nine months ended September 30, 2024 was $338.4 million, down from $353.4 million in the same period of 2023[10] - Net income for the nine months ended September 30, 2024 was $151.0 million, compared to $175.2 million in the same period of 2023[10] Backlog - Corrected backlog as of September 30, 2024 was $758 million, down from $879 million as of June 30, 2024[4] Financial Position - Cash and cash equivalents as of September 30, 2024 were $120.1 million, down from $167.3 million as of December 31, 2023[11] - Total assets as of September 30, 2024 were $1.34 billion, up from $1.28 billion as of December 31, 2023[11] - Stockholders' equity as of September 30, 2024 was $975.6 million, up from $864.9 million as of December 31, 2023[11]

Revenue of $256.6 million Operating margin of 18.3% Diluted earnings per share of $1.49BEVERLY, Mass., Nov. 6, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the third quarter ended September 30, 2024. The Company reported third quarter revenue of $256.6 million, compared to $256.5 million for the second quarter of 2024. Gross margin for the quarter was 42.9%, compared to 43.8% in the second quarter. Operating profit for the quarter was $46.9 million, ...

Axcelis Technologies Inc (ACLS) is slated to report third-quarter 2024 results on Nov. 6.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the third quarter, ACLS estimates revenues of approximately $255 million. The Zacks Consensus Estimate for revenues also stands at $255.1 million, indicating a 12.7% decline from a year ago. ACLS expects earnings per share for the quarter to be $1.43. The consensus mark for EPS is also pegged at $1.43, unchanged in the past 60 days and indicati ...

BEVERLY, Mass., Oct. 16, 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 third quarter 2024 on Wednesday, November 6, 2024, at 4:00 p.m. ET. The Company will host a call to discuss the results for the third quarter 2024 on Thursday, November 7, 2024, at 8:30 a.m. ET. The call will be available via webcast that can be accessed through the Investors page of Axcelis' w ...

Hundreds of billions of dollars in artificial intelligence-related spending could flow to chip companies next year. The world's biggest technology companies are spending an enormous amount of money building data centers, and they are filling them with graphics processing chips (GPUs) designed for artificial intelligence (AI) development. GPUs are built for parallel processing, meaning they can handle large volumes of data and multiple workloads at once, which is key to training AI models and performing AI i ...

Here are three stocks added to the Zacks Rank #24 (Strong Sell) List today: Academy Sports and Outdoors, Inc. (ASO) is a company that operates as a sporting goods and outdoor recreational products retailer. The Zacks Consensus Estimate for its current year earnings has been 4.8% downward over the last 60 days. American Vanguard Corporation (AVD) is a specialty chemicals company. The Zacks Consensus Estimate for its current year earnings has been revised 177.3% downward over the last 60 days. Axcelis Technol ...

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 ...