Axcelis Q2 revenue $274M beats guidance; raises FY2023 outlook to >$1.1B

AXCELIS TECHNOLOGIES INC

2023-Q2 EPS reported $3.29 revenue$527,990,000

Q2 revenue $274M vs $254M Q1; net income $61.6M ($1.86 EPS) vs $47.7M ($1.43) Q1.
Gross margin 43.7% (up from 40.9% Q1); operating profit $63.7M.
System backlog $1.23B on Q2 bookings $193M; strong Purion demand in silicon carbide power.
CEO targets potential $1.3B revenue in 1-2 years; CFO raises FY2023 guide to >$1.1B (+20% YoY).
Q3 outlook: revenue ~$280M, gross margin ~44%, diluted EPS ~$1.72.

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 0.9

AXCELIS TECHNOLOGIES INC reported second quarter of 2023 results: revenue $274.0 million, net income $61.6 million, or $1.86 per diluted share, EPS $1.86 per diluted share. Guidance raised.

Period: second quarter of 2023
Revenue: $274.0 million
Net income: $61.6 million, or $1.86 per diluted share
EPS: $1.86 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Technologies , Inc. (Nasdaq: ACLS) today announced financial results for the second quarter of 2023. Highlights include: · The Company reported second quarter revenue of $274.0 million, compared to $254.0 million for the first quarter of 2023. · Operating profit for the quarter was $63.7 million, compared to $51.4 million for the first quarter. · Net income

View on SEC.gov

18 earnings releases filed in the last 30 days. Browse all earnings releases →

AXCELIS TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-23-086813

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.