UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 9, 2024 Axcelis Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 000-30941 34-1818596 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 108 Cherry Hill Drive, Beverly, Massachusetts 01915 (Address of ...

Financial Performance - Axcelis Technologies reported second quarter revenue of $256.5 million, an increase from $252.4 million in the first quarter of 2024, with a gross margin of 43.8% compared to 46.0% in the previous quarter [1][2] - The operating profit for the second quarter was $52.8 million, down from $56.5 million in the first quarter, while net income was $50.9 million, or $1.55 per diluted share, compared to $51.6 million, or $1.57 per diluted share in the first quarter [1][2] Business Outlook - For the third quarter ending September 30, 2024, Axcelis expects revenues of approximately $255 million and earnings per diluted share of approximately $1.43 [3] - The company anticipates that revenue for the second half of the year will be slightly better than the first half, with momentum expected to build into 2025 [2] Management Commentary - President and CEO Russell Low highlighted strong financial results driven by better-than-expected conversion of evaluation units into revenue and robust demand in the Power segment, particularly in silicon carbide [2] - Executive Vice President and CFO Jamie Coogan expressed satisfaction with the second quarter results, noting that revenue, operating margin, and earnings per share exceeded guidance, alongside healthy cash flow [2]

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 ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Axcelis Technologies (ACLS) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31 ...

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 ...