---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-011628"
form_type: "8-K"
ticker: "ACLS"
cik: "0001113232"
company_name: "AXCELIS TECHNOLOGIES INC"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T06:28:45.179919+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Axcelis reports record FY2023 revenue $1.13B (+23% YoY); Q1 2024 guidance ~$242M

## Summary
- Full year 2023 revenue $1.13B (record), systems revenue $883.6M, diluted EPS $7.43 vs $5.46 in 2022.
- Q4 2023 revenue $310.3M, diluted EPS $2.15, bookings $235.5M, systems backlog $1.2B.
- Q1 2024 guidance: revenue ~$242M, operating profit ~$45M, diluted EPS ~$1.22, gross margin ~43.5%.
- Full year 2024 revenue expected similar to 2023, weighted to second half; year-end cash flow robust.
- CEO highlights record Purion Power Series demand; CFO reaffirms $1.3B revenue model target for 2025.

## SEC filing metadata
- accession: 0001104659-24-011628
- form_type: 8-K
- ticker: ACLS
- cik: 0001113232
- company_name: AXCELIS TECHNOLOGIES INC
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113232/000110465924011628/0001104659-24-011628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113232/000110465924011628/tm245218d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-011628
- JSON: https://secwatch.observer/filing/0001104659-24-011628.json
- Plain text: https://secwatch.observer/filing/0001104659-24-011628.txt

## Key facts
- Earnings Releases
  AXCELIS TECHNOLOGIES INC reported the fourth quarter ended December 31, 2023 results: revenue $310.3 million, net income $71.1 million, EPS $2.15 per diluted share. Guidance initiated.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $310.3 million
  - Net income: $71.1 million
  - EPS: $2.15 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: The Company reported fourth quarter revenue of $310.3 million, compared to $292.3 million for the third quarter of 2023. Operating profit for the quarter was $79.1 million, compared to $71.7 million for the third quarter. Net income for the quarter was $71.1 million, or $2.15 per diluted share, compared to $65.9 million, or $1.99 per diluted share in the third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465924011628/0001104659-24-011628-index.htm
- Earnings Releases
  AXCELIS TECHNOLOGIES INC reported the full year 2023 results: revenue $1.13 billion, net income $246.3 million, EPS $7.43. Guidance initiated.
  - Period: the full year 2023
  - Revenue: $1.13 billion
  - Net income: $246.3 million
  - EPS: $7.43
  - Guidance: initiated
  - Result: reported results
  source text: For the full year 2023, the Company reported revenue of $1.13 billion, compared with $920 million for the full year 2022, an increase of 23% and a company record. Systems revenue for the year was $883.6 million, compared to $692.1 million in 2022, an increase of 28%, also a company record. Operating profit was $265.8 million in 2023, compared to $212.4 million in 2022, a 25% increase and a company record. Net income for the year was $246.3 million with diluted earnings per share of $7.43, compared to net income of $183.1 million and diluted earnings per share of $5.46 in 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113232/000110465924011628/0001104659-24-011628-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.