ACLS
Axcelis Technologies Inc
Axcelis Technologies Inc
$ACLS Reports Q1 Financial Results with Record Backlog; Expects Revenue Growth in 2023
Axcelis Technologies reported strong financial results for Q1 2023, with revenue growth and a new backlog record driven by strength in Silicon Carbide Power Devices and strong Purion demand. The company's high-value Purion product extensions position them well to benefit from the high growth in power and image sensor device markets. For the full year, Axcelis is expected to achieve revenue greater than $1.03 billion. For Q2 2023, revenues between $255-260 million are expected, with gross margin around 42% and operating profit approximately $55 million. However, this optimism should be viewed with caution, considering the various uncertainties and risks. Axcelis Technologies has been dedicated to developing ion implantation systems, a critical step in the IC manufacturing process, for over 45 years.
4mo ago
$ACLS