These silicon carbide and power chip stocks are down with the EV market, but AI data centers may need their solutions soon.The electric vehicle market encountered a big slowdown last year, and with it, the chipmakers who specialize in the power semiconductors crucial for EVs.But some interesting commentary from two key EV chipmakers this earnings season offer hope not just for an EV recovery, but also that new power-efficient chip technologies may be adopted more and more in power-hungry AI data centers.Wit ...

In today’s unpredictable stock market, investors must discern which stocks to sell to protect their portfolios. The focus here is on three companies facing significant challenges that suggest they may be candidates for the stocks to sell list. Each company experiences fundamental weaknesses that could impact its future performance.For instance, a player in the semiconductor equipment industry relies heavily on a single market, which exposes one company to market volatility and restricts growth opportunities ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Archer-Daniels-Midland Company (ADM) is an agricultural commodities and ingredients company. The Zacks Consensus Estimate for its current year earnings has been 1.6% downward over the last 60 days.Axcelis Technologies, Inc. (ACLS) is an equipment supplier to the semiconductor industry. The Zacks Consensus Estimate for its current year earnings has been revised 7.1% downward over the last 60 days.CVS Health Corporation (CVS) is a provi ...

Axcelis Technologies (ACLS) reported second-quarter 2024 non-GAAP earnings per share (EPS) of $1.55, which surpassed the Zacks Consensus Estimate by 11.5%. However, the bottom line decreased 16.7% year over year. The quarter's revenues totaled $256.5 million, beating the Zacks Consensus Estimate by 1.6%. Strong conversion of valuation units and solid demand for ion implantation systems, especially in the silicon carbide space, fueled by the expansion of electric and hybrid vehicles, aided the top line. Addi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-30941 AXCELIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Delaware 34-1818596 (St ...

Axcelis Technologies, Inc. (NASDAQ:ACLS) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants David Ryzhik - Senior Vice President of Investor Relations and Corporate Strategy Russell Low - President and Chief Executive Officer James Coogan - Executive Vice President and Chief Financial Officer Conference Call Participants Jed Dorsheimer - William Blair Tom Diffely - D.A. Davidson and Company Craig Ellis - B. Riley Securities Ross Cole - Needham and Company Duksan Jang - Bank of A ...

Q2 EARNINGS PRESENTATION AUGUST 1, 2024 2 SAFE HARBOR STATEMENT This presentation and discussion contain forward-looking statements, including our expectations for the future market for our products, revenues, profits, and other results that are forward-looking statements under the SEC's safe harbor provision. These forward-looking statements are based on management's current expectations and are subject to the risks inherent in our business. These risks are described in detail in our Form 10-K annual repor ...

Axcelis Technologies (ACLS) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.39 per share. This compares to earnings of $1.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.51%. A quarter ago, it was expected that this semiconductor services company would post earnings of $1.26 per share when it actually produced earnings of $1.57, delivering a surprise of 24.60%.Over the last ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 9, 2024 Axcelis Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 000-30941 34-1818596 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 108 Cherry Hill Drive, Beverly, Massachusetts 01915 (Address of ...

Revenue of $256.5 millionOperating margin of 20.6% Diluted earnings per share of $1.55 BEVERLY, Mass., July 31, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS) today announced financial results for the second quarter ended June 30, 2024. The Company reported second quarter revenue of $256.5 million, compared to $252.4 million for the first quarter of 2024. Gross margin for the quarter was 43.8%, compared to 46.0% in the first quarter. Operating profit for the quarter was $52.8 million, compar ...