Axcelis Technology could be an incredibly inexpensive bet on the future of power chips.The electric vehicle (EV) industry has lost some steam in 2024, especially in the U.S. High sticker prices and high interest rates have throttled growth to just 10% so far this year, especially as Tesla has had some missteps. Europe and China (the latter being far and away the largest market for EVs), however, have continued to chug higher by 21% and 32%, respectively, through the first few months of 2024. Taking a bigger ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Axcelis Technologies (ACLS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Axcelis currently has an avera ...

Axcelis Technologies is one of the cheapest stocks in the chip sector, and it's packed with long-term potential.Semiconductor stocks have been a focal point for investors over the past year, with the likes of Nvidia and Advanced Micro Devices winning most of the attention because of their fast-growing presence in artificial intelligence (AI).But the AI opportunity is rapidly expanding, and one under-the-radar chip specialist says it's very excited to play a significant role in the industry, one that could d ...

BEVERLY, Mass., May 7, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences:The 24th Annual B. Riley Institutional Investor Conference on Wednesday, May 22nd at the Beverly Hilton, Beverly Hills, CA.  Management will host a fireside chat at 9:45 am Pacific Time.  Management will also be available for one-on-one meetin ...

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 March 31, 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 (S ...

Axcelis Technologies, Inc. (NASDAQ:ACLS) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Douglas Lawson – Executive Vice President-Corporate Marketing and Strategy Russell Low – President and Chief Executive Officer Jamie Coogan – Executive Vice President and Chief Financial Officer Conference Call Participants Craig Ellis – B. Riley Securities Tom Diffely – D. A. Davidson & Company Charles Shi – Needham & Company David Duley – Steelhead Securities Duksan Jang – Bank of America ...

Axcelis Technologies (ACLS) reported first-quarter 2024 non-GAAP earnings per share (EPS) of $1.57, which surpassed the Zacks Consensus Estimate of $1.26. The bottom line increased 9.8% year over year.Revenues in the quarter totaled $252.4 million, beating the Zacks Consensus Estimate by 4%. Healthy shipments to China, coupled with impetus in the implant-intensive power device segment, notably silicon carbide, are driving top-line growth. The company is also making strides in capturing new global customers ...

Investor Presentation May 1, 2024 11 Safe Harbor Statement This presentation and discussion contain forward-looking statements, including our expectations for the future market ...

Exhibit 99.1 News Release Axcelis Announces Financial Results for First Quarter 2024 Revenue, Gross Margin and EPS Beat Guidance BEVERLY, Mass. — May 1, 2024—Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the first quarter ended March 31, 2024. The Company reported first quarter revenue of $252.4 million, compared to $310.3 million for the fourth quarter of 2023. Gross margin for the quarter was 46%, compared to 44.4% in the fourth quarter. Operating profit for the quarter w ...

Revenue, Gross Margin and EPS Beat Guidance  BEVERLY, Mass., May 1, 2024 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the first quarter ended March 31, 2024. The Company reported first quarter revenue of $252.4 million, compared to $310.3 million for the fourth quarter of 2023. Gross margin for the quarter was 46%, compared to 44.4% in the fourth quarter. Operating profit for the quarter was $56.5 million, compared to $79.1 million for the fourth quarter. N ...