secwatch.observer — SEC 8-K summary
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Issuer:     AXCELIS TECHNOLOGIES INC (ACLS)
CIK:        0001113232
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001104659-22-055823
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axcelis Q1 beats with EPS $1.22; record bookings $315.5M; FY22 revenue >$850M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113232/000110465922055823/0001104659-22-055823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113232/000110465922055823/tm2213765d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-055823

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer