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Jun 30, 2021
Axcelis Q2 2021 Earnings Report
Axcelis delivered strong financial performance driven by overall strength in the semiconductor industry and growing demand for Purion implant products.
Key Takeaways
Axcelis announced strong second quarter financial performance due to strength in the semiconductor industry and demand for Purion products. They are on track to exceed $625 million in revenue for the full year 2021.
Axcelis delivered strong second quarter financial performance.
The company is seeing growing demand for Purion implant products.
The rapid acceleration of the electrification of the automotive industry is creating substantial demand for power devices and image sensors.
Axcelis is on track to exceed $625 million in revenue for the full year 2021.
Forward Guidance
For the third quarter ending September 30, 2021, Axcelis expects revenues to be approximately $170 million. Gross margin in the third quarter is expected to be approximately 42.5%. Third quarter operating profit is forecasted to be approximately $32 million with earnings per diluted share of approximately $0.70. The Company also expects to exceed $625 million in revenue for the full year 2021.
Positive Outlook
- Expects revenues to be approximately $170 million for Q3 2021.
- Gross margin in the third quarter is expected to be approximately 42.5%.
- Third quarter operating profit is forecasted to be approximately $32 million.
- Earnings per diluted share of approximately $0.70 is expected for Q3.
- The Company also expects to exceed $625 million in revenue for the full year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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