Exhibit 99.1 News Release Axcelis Announces Financial Results for First Quarter 2024 Revenue, Gross Margin and EPS Beat Guidance BEVERLY, Mass. — May 1, 2024—Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the first quarter ended March 31, 2024. The Company reported first quarter revenue of $252.4 million, compared to $310.3 million for the fourth quarter of 2023. Gross margin for the quarter was 46%, compared to 44.4% in the fourth quarter. Operating profit for the quarter w ...

Revenue, Gross Margin and EPS Beat Guidance  BEVERLY, Mass., May 1, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the first quarter ended March 31, 2024. The Company reported first quarter revenue of $252.4 million, compared to $310.3 million for the fourth quarter of 2023. Gross margin for the quarter was 46%, compared to 44.4% in the fourth quarter. Operating profit for the quarter was $56.5 million, compared to $79.1 million for the fourth quarter. N ...

Axcelis Technologies Inc (ACLS) is slated to report first-quarter 2024 results on May 1.ACLS anticipates first-quarter revenues of approximately $242 million. Earnings per share (EPS) for the quarter are projected to be approximately $1.22.The Zacks Consensus Estimate for first-quarter revenues is pegged at $242.6 million, which suggests a decline of 4.5% from a year ago. The consensus mark for EPS is pegged at $1.26, indicating a decrease of 11.9% from the prior-year levels.ACLS’ earnings beat the Zacks Co ...

smshoot/iStock via Getty Images Summary The semiconductor sector has been the center of attraction with the onslaught of generative AI. However, there are many subsectors in the industry that have not participated in the rally nor are expected to see meaningful demand from the build-out of AI as it is known today. The chip sector while a key infrastructure in modern economies is cyclical with far lower growth rates seen during the pandemic shortages and the current AI demand. Many companies are experiencing ...

Axcelis Technologies (ACLS) ended the recent trading session at $97.24, demonstrating a +1.95% swing from the preceding day's closing price. This change outpaced the S&P 500's 1.2% gain on the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.59%.Prior to today's trading, shares of the semiconductor services company had lost 11.49% over the past month. This has lagged the Computer and Technology sector's loss of 6.83% and the S&P 500's loss of 4.16% in that time.The upcoming ear ...

The most recent trading session ended with Axcelis Technologies (ACLS) standing at $95.38, reflecting a +0.62% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.87%. Elsewhere, the Dow saw an upswing of 0.67%, while the tech-heavy Nasdaq appreciated by 1.11%.Heading into today, shares of the semiconductor services company had lost 15.86% over the past month, lagging the Computer and Technology sector's loss of 5.98% and the S&P 500's loss of 3. ...

BEVERLY, Mass., April 17, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, today announced multiple shipments of the Purion Power Series™ ion implanter systems to leading silicon carbide (SiC) power device chipmakers worldwide. The shipments, all shipped in the first quarter, included the Purion H200™ SiC high current, the Purion XE™ SiC high energy and the Purion M™ SiC medium current implanters. The 15 ...

BEVERLY, Mass., April 11, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) will release financial results for the first quarter of 2024 on Wednesday, May 1, 2024, at 4:00 p.m. Eastern Time (ET). The Company will host a call to discuss the results for the first quarter 2024 on Thursday, May 2, 2024, at 8:30 a.m. ET. The call will be available to interested listeners via an audio webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by registering as ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AMN Healthcare Services, Inc. (AMN) is a healthcare workforce solutions and staffing services company. The Zacks Consensus Estimate for its current year earnings has been revised 19.5% downward over the last 60 days.Axcelis Technologies, Inc. (ACLS) is an equipment supplier to the semiconductor industry. The Zacks Consensus Estimate for its current year earnings has been revised 5.1% downward over the last 60 days.GameStop Corp. (GME) ...

With any investment, performing careful due diligence is a must. From careful industry analysis to financial modeling, pinpointing investments that will truly bring growth to any portfolio is difficult. Most times, unlocking a unique perspective is the difficult part. From talking to former company employees for deeper insights, carefully doing diligence to identify key catalysts or finding what really drives a company’s moat, these are all important elements to developing an investment thesis. Of course, d ...