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Dec 31, 2023
Axcelis Q4 2023 Earnings Report
Axcelis announced financial results for the fourth quarter and full year ended December 31, 2023.
Key Takeaways
Axcelis reported Q4 revenue of $310.3 million, with an operating profit of $79.1 million and net income of $71.1 million, or $2.15 per diluted share. The company's Q4 ended with bookings of $235.5 million and a systems backlog of $1.2 billion.
Q4 revenue reached $310.3 million.
Q4 operating profit was $79.1 million.
Q4 net income was $71.1 million, or $2.15 per diluted share.
The company ended Q4 with bookings of $235.5 million and a systems backlog of $1.2 billion.
Revenue by Segment
Forward Guidance
For the first quarter ending March 31, 2024, Axcelis expects revenues of approximately $242 million. First quarter operating profit is forecast to be approximately $45 million with earnings per diluted share of around $1.22. Gross margin in the first quarter is expected to be approximately 43.5%, and for the full year we expect it to improve year over year but could fluctuate quarter to quarter. We expect full year 2024 revenue to be similar to 2023, with revenue weighted toward the second half.
Positive Outlook
- Revenue for Q1 2024 is expected to be approximately $242 million.
- Operating profit for Q1 2024 is forecast to be approximately $45 million.
- Earnings per diluted share for Q1 2024 are expected to be around $1.22.
- Gross margin in Q1 2024 is expected to be approximately 43.5%.
- Full year 2024 revenue is expected to be similar to 2023, with revenue weighted toward the second half.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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