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Mar 31, 2022
Axcelis Q1 2022 Earnings Report
Axcelis delivered exceptional first quarter financial performance well above guidance due to significant demand and strong execution.
Key Takeaways
Axcelis announced financial results for the first quarter 2022, with record bookings and backlog driven by 5G, big data, and the electrification of the automotive industry. The company expects to exceed revenue of $850 million in 2022.
Axcelis delivered exceptional first quarter financial performance well above guidance.
The industry is in the strongest cycle ever seen, driven by 5G, big data, and the electrification of the automotive industry.
Axcelis has record bookings and backlog.
The Purion product family continues to gain share, especially in the high growth power market.
Forward Guidance
For the second quarter ending June 30, 2022, Axcelis expects revenues of $205-215 million. Gross margin in the second quarter is expected to be approximately 41%. Second quarter operating profit is forecast to be approximately $41 million with earnings per diluted share of approximately $1.00. The Company also expects to achieve revenue of greater than $850 million in 2022.
Positive Outlook
- Revenues of $205-215 million are expected for the second quarter ending June 30, 2022.
- Gross margin in the second quarter is expected to be approximately 41%.
- Second quarter operating profit is forecast to be approximately $41 million.
- Earnings per diluted share of approximately $1.00 are expected for the second quarter.
- The Company also expects to achieve revenue of greater than $850 million in 2022.
Challenges Ahead
- Challenging supply chain and logistics environment will impact gross margins in the near term.
- Customer decisions to place orders or product shipments may not occur when expected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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