Axcelis Q3 revenue $256.6M, EPS $1.49; corrects backlog, guides Q4 revenue ~$245M

AXCELIS TECHNOLOGIES INC

2024-Q3 EPS reported $4.61 revenue$765,448,000

Revenue $256.6M (vs Q2 $256.5M); gross margin 42.9%, operating margin 18.3%.
Diluted EPS $1.49 vs $1.55 in Q2; net income $48.6M.
Q4 guidance: revenue ~$245M, EPS ~$1.25, citing mature node digestion through H1 2025.
Historical backlog correction: prior periods overstated; corrected backlog $879M as of June 30, 2024 (vs reported $994M).
Backlog as of Sep 30, 2024: $758M; correction spans 2019 through Q2 2024.

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