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Sep 30, 2022
Axcelis Q3 2022 Earnings Report
Axcelis delivered strong third quarter financial performance, exceeding guidance due to robust demand and strong execution.
Key Takeaways
Axcelis announced strong third quarter financial results, exceeding guidance due to robust demand for Purion products and strong execution. The company is well-positioned for growth in 2023, driven by continued strength in the power market.
Axcelis delivered strong third quarter financial performance.
The company's performance was well above guidance.
Robust demand for Purion products drove the strong results.
Axcelis is well-positioned for growth in 2023.
Forward Guidance
For the fourth quarter ending December 31, 2022, Axcelis expects revenues of $232-240 million. Gross margin in the fourth quarter is expected to be approximately 40-41%. Fourth quarter operating profit is forecast to be between $41-45 million with earnings per diluted share of $1.00-1.10. For the full year, the Company expects to achieve revenue of greater than $885 million with gross margins of greater than 43%.
Positive Outlook
- Revenue of $232-240 million is expected.
- Gross margin is expected to be approximately 40-41%.
- Operating profit is forecast to be between $41-45 million.
- Earnings per diluted share of $1.00-1.10 is expected.
- The Company expects to achieve revenue of greater than $885 million with gross margins of greater than 43%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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