secwatch.observer — SEC 8-K summary
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Issuer:     AXCELIS TECHNOLOGIES INC (ACLS)
CIK:        0001113232
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001104659-24-114804
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113232/000110465924114804/0001104659-24-114804-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113232/000110465924114804/tm2427563d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-114804

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer