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Axcelis Technologies (ACLS)
NASDAQ:ACLS
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
1.57Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 10, 2025
|% Change Since: -4.57%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
Axcelis Technologies had a strong end to 2024, exceeding expectations in revenue and receiving significant customer recognition. However, the company faces challenges in 2025 with expected revenue declines, particularly in China and the Silicon IGBT market, and potential impacts from export control restrictions.Company Guidance
In the call discussing Axcelis Technologies’ results for the fourth quarter and full year 2024, the company provided detailed guidance on several metrics. They reported fourth quarter revenues of $252 million, with earnings per diluted share at $1.54, exceeding expectations due to strong demand in CS&I sales. The company saw a 46% gross margin for the quarter, above their forecasted 42.5%, and a full-year gross margin of 44.7%, which marked a year-over-year increase of 120 basis points. Bookings for the fourth quarter were $84.5 million, with a year-ending backlog of $646 million. For 2025, Axcelis anticipates a year-over-year revenue decline, with first-quarter revenue projected at $185 million and gross margins at approximately 40%. They expect the second half of 2025 to show a slight improvement over the first half, driven by anticipated growth in memory, particularly DRAM, and continued resilience in Silicon Carbide shipments. The company also highlighted their strategic focus on long-term growth, emphasizing investments in R&D and geographic expansion into Japan.Better Than Expected Q4 Performance
Axcelis Technologies reported Q4 2024 revenue of $252 million and earnings per share of $1.54, exceeding expectations due to strong demand for Customer Support and Improvements (CS&I) sales which offset declines in system sales.
Growth in Silicon Carbide Sales
System sales of Silicon Carbide grew approximately 6% year-over-year for the full year 2024, with expectations for long-term growth due to increased adoption in the EV industry and other applications.
Strong Recognition from Customers
In 2024, Axcelis received 22 customer awards for supplier excellence and other categories, a significant increase compared to 2023.
Solid Financial Position
The company exited 2024 with $571 million in cash, cash equivalents, and short-term investments on hand with no debt, providing a strong foundation for future investments.
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ACLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 10, 2025 | $67.58 | $59.30 | -12.25% |
| Nov 06, 2024 | $87.95 | $87.10 | -0.97% |
| Jul 31, 2024 | $126.35 | $112.82 | -10.71% |
| May 01, 2024 | $101.70 | $106.64 | +4.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Axcelis Technologies (ACLS) report earnings?
Axcelis Technologies (ACLS) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Axcelis Technologies (ACLS) earnings time?
Axcelis Technologies (ACLS) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACLS EPS forecast?
ACLS EPS forecast for the fiscal quarter 2025 (Q1) is 0.39.
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