earnings
confidence high
sentiment positive
materiality 0.85
Axcelis Q1 beats with EPS $1.22; record bookings $315.5M; FY22 revenue >$850M
AXCELIS TECHNOLOGIES INC
2022-Q1 EPS reported
$1.22
revenue$203,595,000
- Q1 revenue $203.6M, net income $41.6M, diluted EPS $1.22 (vs Q4 $205.7M, $1.05).
- Record systems backlog $625.1M and bookings $315.5M; strong demand from 5G, auto, power markets.
- Q2 guidance revenue $205-215M, EPS ~$1.00; FY22 revenue expected >$850M, one year ahead of prior plan.
- Gross margin 44.1% in Q1; Q2 guided ~41% due to supply chain pressures.
- New $100M share repurchase authorized; $20M repurchased in Q1; cash $297.9M.