BEVERLY,
Mass., July 9, 2024 /PRNewswire/ -- Axcelis
Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling
ion implantation solutions for the semiconductor industry, today
announced preliminary financial results for the second quarter of
2024. The Company now expects revenue to be greater than
$252 million, and diluted earnings
per share to be greater than $1.38,
compared to the Company's previously issued revenue guidance of
$245 million and diluted earnings per
share of $1.30. In addition, the
Company continues to expect second half performance to be stronger
than the first half, slightly weighted towards the fourth
quarter.
These preliminary financial results are management's estimates
and are subject to revision in the course of completing quarterly
review processes. Final results for the quarter will be publicly
reported by the Company on July 31,
2024, prior to a Form 10-Q filing for the quarter with full
financial statements.
President and CEO Russell Low
commented, "We delivered a solid quarter as chipmakers across the
globe continue to rely on Axcelis' Purion platform to support their
operations. Systems revenue was better than we anticipated, partly
due to better conversion of evaluation systems to revenue. The
fundamentals supporting Axcelis' growth remain strong, and we look
forward to discussing our market opportunities, growth strategy and
long-term financial targets at Axcelis' upcoming 2024 Investor
Event."
The Axcelis 2024 Investor Event will be held on July 11, 2024, at the St. Regis Hotel in
San Francisco, from 8:00 a.m. PT to 11:00 a.m. PT, with presentations
expected to begin at 9:00 a.m. PT.
All executive officers will be in attendance. For those that are
unable to attend in person, there will also be a live webcast
available. More information on the event can be found here:
https://investorday.axcelis.com/
Axcelis is also scheduled to participate in the 16th Annual CEO
Investor Summit 2024, being held Wednesday,
July 10th at the St. Regis Hotel, San Francisco, CA. The presentation material
utilized during the CEO Summit will be made accessible on the
investor page of the company's website at www.axcelis.com.
Investor Event In Person Registration:
Members of the
professional investment community who wish to attend the event can
register here:
https://edge.media-server.com/mmc/p/d92atyon/
Investor Event Live Webcast Registration:
The Axcelis 2024 Investor Event will also be available to
interested listeners via an audio webcast that can be accessed
through the Investors page of Axcelis' website at
https://edge.media-server.com/mmc/p/45fke3o9/, or by registering as
a Participant here:
https://register.vevent.com/register/BI71138038c4e548c4a9839fd2e60f2a97.
Webcast replays will be available for 30 days following the
call.
About the 16th Annual CEO Investor Summit 2024
The CEO
Investor Summit is collectively hosted and funded by participating
companies and features a "round-robin" format consisting of small
group meetings with company management teams. During the event,
investors and analysts will have the opportunity to meet with the
majority of the 13 management teams during the small group meeting
sessions, as well as opportunities to meet with management during
the breakfast and lunch networking sessions.
The 13 management teams collectively hosting the 16th Annual CEO
Investor Summit 2024 include: ACM Research (ACMR), Aehr Test
Systems (AEHR), Alpha & Omega Semiconductor (AOSL), Axcelis
(ACLS), Bitdeer Technologies (BTDR), Camtek (CAMT), Cohu, Inc.
(COHU), FormFactor (FORM), Ichor Systems (ICHR), Kulicke &
Soffa (KLIC), nLIGHT, Inc. (LASR), Peraso, Inc. (PRSO) and SkyWater
Technology (SKYT). Jefferies, Stifel and TD Cowen, a division of TD
Securities, are sponsors of the conference.
Second Quarter 2024 Conference Call
Axcelis
Technologies will release financial results for the second quarter
2024 on Wednesday, July 31, 2024, at 4:00 p.m. ET.
The Company will host a call to discuss the results for the second
quarter 2024 on Thursday, August 1,
2024, at 8:30 a.m. ET. The
call will be available to interested listeners via an audio webcast
that can be accessed through the Investors page of Axcelis' website
at www.axcelis.com, or by registering as a Participant here:
https://register.vevent.com/register/BIc2d772b56d7b46c0a39772ba7468e5a0
Webcast replays will be available for 30 days following the
call.
Safe Harbor Statement
This press release contains
forward-looking statements under the SEC safe harbor provisions.
These statements, which include our guidance for future financial
performance, are based on management's current expectations and
should be viewed with caution. They are subject to various risks
and uncertainties, many of which are outside the control of the
Company, including the timing of orders and shipments, the
conversion of orders to revenue in any particular quarter, or at
all, the continuing demand for semiconductor equipment, relative
market growth, continuity of business relationships with and
purchases by major customers, competitive pressure on sales and
pricing, increases in material and other production costs that
cannot be recouped in product pricing and global economic,
political and financial conditions. These risks and other risk
factors relating to Axcelis are described more fully in the most
recent Form 10-K filed by Axcelis and in other documents filed
from time to time with the Securities and Exchange Commission.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered
in Beverly, Mass., has been
providing innovative, high-productivity solutions for the
semiconductor industry for over 45 years. Axcelis is dedicated to
developing enabling process applications through the design,
manufacture and complete life cycle support of ion implantation
systems, one of the most critical and enabling steps in the IC
manufacturing process. Learn more about Axcelis at
www.axcelis.com.
CONTACTS:
Maureen Hart (editorial/media)
978.787.4266
Doug Lawson (investor relations)
978.787.9552
David Ryzhik (investor relations)
978.787.2352
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SOURCE Axcelis Technologies, Inc.