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Sep 30, 2023
Axcelis Q3 2023 Earnings Report
Axcelis reported strong Q3 financial performance driven by robust demand for the Purion product family, especially in the silicon carbide power market.
Key Takeaways
Axcelis announced strong third quarter financial results, with revenue, EPS, and gross margins finishing well above guidance. The company's performance was driven by robust demand for the Purion product family, particularly in the silicon carbide power market. Axcelis expects to achieve revenue of greater than $1.1 billion in 2023.
Axcelis delivered strong third quarter financial performance due to robust demand for the Purion product family.
Axcelis is the only company with a product line that can deliver complete recipe coverage for all power device applications.
Axcelis is the technology leader and the supplier of choice providing the best device manufacturing capabilities.
Axcelis expects to achieve revenue of greater than $1.1 billion in 2023.
Forward Guidance
For the fourth quarter ending December 31, 2023, Axcelis expects revenues of approximately $295 million. Gross margin in the fourth quarter is expected to be approximately 45%. Fourth quarter operating profit is forecast to be approximately $73 million with earnings per diluted share of approximately $2.00.
Positive Outlook
- Expects revenues of approximately $295 million for Q4 2023.
- Gross margin in the fourth quarter is expected to be approximately 45%.
- Fourth quarter operating profit is forecast to be approximately $73 million.
- Earnings per diluted share of approximately $2.00 is expected for Q4 2023.
- Company expects to achieve revenue of greater than $1.1 billion for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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