Axcelis Q1 revenue $254M, record backlog $1.27B; FY23 revenue guided >$1.03B

AXCELIS TECHNOLOGIES INC

2023-Q1 EPS reported $1.43 revenue$254,020,000

Q1 revenue $254.0M (down 4.5% QoQ); net income $47.7M ($1.43 diluted EPS) vs Q4 $57.0M ($1.71).
Record systems backlog of $1.27B on quarterly bookings of $298M; driven by Purion demand.
Q2 guidance: revenue $255-260M, gross margin ~42%, EPS $1.44-$1.48.
Full-year 2023 revenue expected >$1.03B (+12% YoY); full-year gross margin ~44% anticipated in H2.
CEO cites strength in silicon carbide power devices and mature process technology markets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AXCELIS TECHNOLOGIES INC reported first quarter of 2023 results: net income $47.7 million, EPS $1.43 per diluted share. Guidance reaffirmed.

Period: first quarter of 2023
Net income: $47.7 million
EPS: $1.43 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The Company reported first quarter revenue of $254.0 million, compared to $266.1 million for the fourth quarter of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AXCELIS TECHNOLOGIES INC reported first quarter of 2023 results: net income $47.7 million, EPS $1.43 per diluted share. Guidance reaffirmed.

Period: first quarter of 2023
Net income: $47.7 million
EPS: $1.43 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net income for the quarter was $47.7 million, or $1.43 per diluted share, compared to $57.0 million, or $1.71 per diluted share in the fourth quarter.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXCELIS TECHNOLOGIES INC reported second quarter ending June 30, 2023 results: revenue $255-260 million, EPS $1.44-1.48. Guidance raised.

Period: second quarter ending June 30, 2023
Revenue: $255-260 million
EPS: $1.44-1.48
Guidance: raised
Result: guidance update

Exact text from the filing

For the second quarter ending June 30, 2023, Axcelis expects revenues between $255-260 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXCELIS TECHNOLOGIES INC reported full year 2023 results: revenue greater than $1.03 billion. Guidance raised.

Period: full year 2023
Revenue: greater than $1.03 billion
Guidance: raised
Result: guidance update

Exact text from the filing

The Company expects to achieve revenue greater than $1.03 billion.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-055521

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