Axcelis Q2 revenue $256.5M, EPS $1.55; guides Q3 rev ~$255M, EPS ~$1.43

AXCELIS TECHNOLOGIES INC

2024-Q2 EPS reported $3.12 revenue$508,883,000

Revenue $256.5M vs Q1 $252.4M; gross margin 43.8% vs 46.0% Q1.
Operating profit $52.8M vs $56.5M Q1; net income $50.9M vs $51.6M Q1.
Diluted EPS $1.55 vs $1.57 Q1; company says results exceeded guidance expectations.
Q3 2024 outlook: revenue ~$255M, diluted EPS ~$1.43.
CEO cites strong Power segment and silicon carbide demand; momentum expected into 2025.

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