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Jun 30, 2022
Axcelis Q2 2022 Earnings Report
Axcelis delivered outstanding second quarter financial performance well above its guidance due to robust demand and strong execution.
Key Takeaways
Axcelis announced strong Q2 2022 financial results, exceeding guidance due to high demand and effective execution. System bookings and shipments hit record levels, leading to an expected revenue of greater than $875 million in 2022.
Axcelis delivered outstanding second quarter financial performance well above guidance.
The company experienced robust demand and strong execution.
System bookings and shipments continue to hit record levels.
Axcelis now expects to achieve revenue of greater than $875 million in 2022.
Forward Guidance
For the third quarter ending September 30, 2022, Axcelis expects revenues of $220 - $228 million. Gross margin in the third quarter is expected to be approximately 42%. Third quarter operating profit is forecast to be between $44.5 - $47.5 million with earnings per diluted share between $1.10 - $1.15. For the full year, the Company expects to achieve revenue of greater than $875 million with gross margins of approximately 42.5%.
Positive Outlook
- Expected revenues of $220 - $228 million for Q3 2022.
- Gross margin expected to be approximately 42% for Q3 2022.
- Operating profit forecast between $44.5 - $47.5 million for Q3 2022.
- Earnings per diluted share between $1.10 - $1.15 for Q3 2022.
- Expected revenue of greater than $875 million for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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