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Sep 30, 2024
Axcelis Q3 2024 Earnings Report
Axcelis reported third quarter revenue relatively in-line with expectations, with strong customer engagement and long-term growth opportunity.
Key Takeaways
Axcelis announced third quarter revenue of $256.6 million, with a net income of $48.6 million, or $1.49 per diluted share. The company anticipates a near term digestion of mature node capacity through the first half of 2025.
Third quarter revenue was $256.6 million.
Gross margin for the quarter was 42.9%.
Operating profit for the quarter was $46.9 million.
Net income for the quarter was $48.6 million, or $1.49 per diluted share.
Forward Guidance
For the fourth quarter ending December 31, 2024, Axcelis expects revenues of approximately $245 million, and earnings per diluted share of approximately $1.25.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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