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Jun 30, 2024
Axcelis Q2 2024 Earnings Report
Axcelis delivered strong financial results, exceeding expectations with robust demand in the Power segment, particularly silicon carbide.
Key Takeaways
Axcelis announced strong financial results for the second quarter of 2024, with revenue of $256.5 million. The company's performance was driven by better-than-expected conversion of evaluation units into revenue and continued robust demand in the Power segment, especially silicon carbide.
Second quarter revenue reached $256.5 million.
Gross margin for the quarter was 43.8%.
Operating profit was $52.8 million.
Net income was $50.9 million, or $1.55 per diluted share.
Revenue by Segment
Forward Guidance
For the third quarter ending September 30, 2024, Axcelis expects revenues of approximately $255 million, and earnings per diluted share of approximately $1.43.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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