---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-055735"
form_type: "8-K"
ticker: "ACLS"
cik: "0001113232"
company_name: "AXCELIS TECHNOLOGIES INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T02:00:34.285164+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Axcelis Q1 revenue $252.4M, EPS $1.57 beat guidance; Q2 guide $245M

## Summary
- Q1 revenue $252.4M, net income $51.6M ($1.57 diluted EPS) above company guidance.
- Gross margin 46% (up 160 bps QoQ); operating profit $56.5M.
- Q2 outlook: revenue ~$245M, gross margin ~43.5%, EPS ~$1.30.
- Strength in power device segment (SiC) and robust shipments to China drive results.
- Cash flow and balance sheet strong; expect H2 revenue to rise vs H1.

## SEC filing metadata
- accession: 0001104659-24-055735
- form_type: 8-K
- ticker: ACLS
- cik: 0001113232
- company_name: AXCELIS TECHNOLOGIES INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113232/000110465924055735/0001104659-24-055735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113232/000110465924055735/tm2413124d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-055735
- JSON: https://secwatch.observer/filing/0001104659-24-055735.json
- Plain text: https://secwatch.observer/filing/0001104659-24-055735.txt

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