Axcelis Q2 revenue $221.2M, EPS $1.32, record backlog $869.5M, raises FY22 revenue >$875M

AXCELIS TECHNOLOGIES INC

2022-Q2 EPS reported $2.54 revenue$424,772,000

Q2 revenue $221.2M vs Q1 $203.6M; operating profit $54.1M; net income $44.2M ($1.32 diluted EPS).
Record systems bookings of $432.8M and backlog of $869.5M in Q2.
Gross margin 44.8% vs Q1 44.1%; Q3 guidance: revenue $220-228M, EPS $1.10-1.15.
Full-year 2022 revenue expected >$875M with gross margin ~42.5%.
Cash $287.9M; repurchased $12.5M in shares during Q2.

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