Axcelis reports Q1 non-GAAP EPS $1.04 vs. $1.57 last year

Reports Q1 revenue $192.6M, consensus $184.86M. President and CEO Russell Low commented, “We executed well in the Q1, delivering strong profitability despite a moderation in customer investments and a more uncertain broader economic backdrop. Axcelis (ACLS) is well positioned to navigate a dynamic macroeconomic and global trade environment with an agile global manufacturing and supply chain footprint that we have optimized over the past few years. This provides a solid platform for us to meet our customers’ needs while continuing to invest in innovation to capture the long-term growth opportunities that lie ahead.”