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Dec 31, 2024
Axcelis Q4 2024 Earnings Report
Axcelis Technologies, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024, reporting revenue of $252.4 million and diluted earnings per share of $1.54 for the quarter.
Key Takeaways
Axcelis Technologies, Inc. concluded 2024 with strong fourth-quarter results, exceeding expectations in revenue and profitability. Despite a full-year revenue decline compared to 2023, the company achieved higher gross margins and generated solid free cash flow, positioning itself for future growth amidst a cyclical digestion period.
Fourth quarter revenue was $252.4 million, exceeding expectations.
Diluted earnings per share for Q4 2024 was $1.54.
Gross margin for the fourth quarter improved to 46.0% from 42.9% in the prior quarter.
Operating profit for the fourth quarter was $54.5 million, an increase from $46.9 million in the third quarter.
Revenue by Segment
Forward Guidance
For the first quarter ending March 31, 2025, Axcelis expects revenues of approximately $185 million and diluted earnings per share of approximately $0.38.
Positive Outlook
- Anticipates capturing long-term growth opportunities.
- Focused on investing in product innovation.
- Committed to managing costs effectively.
- Working closely with customers on technology roadmaps.
- Aims to be in a stronger position for the next market upturn.
Challenges Ahead
- Anticipates a near-term cyclical digestion period.
- Customers are absorbing robust investments made into mature node capacity.
- Increased competitive pressure on sales and pricing could impact results.
- Increases in material and other production costs may not be recouped in product pricing.
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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