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Jun 30, 2020
Axcelis Q2 2020 Earnings Report
Axcelis reported strong financial performance in the second quarter of 2020.
Key Takeaways
Axcelis announced strong second quarter results with revenue of $123 million, operating profit of $16.4 million, and net income of $13.3 million.
Second quarter revenue was $123 million.
Operating profit for the quarter was $16.4 million.
Net income for the quarter was $13.3 million, or $0.39 per diluted share.
Gross margin for the quarter was 42.2%.
Forward Guidance
For the third quarter ending September 30, 2020, Axcelis expects revenues to be approximately $110 million with gross margin around 42.5%. Third quarter operating profit is forecasted to be in the range of $10.5 - 11.5 million with earnings per diluted share of approximately $0.24.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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