Axcelis Technologies Q4 Earnings Call Highlights

Axcelis reported GAAP gross margin of 47% and non-GAAP gross margin of 47.3% , above its outlook, driven by a higher mix of CS&I and a favorable mix of upgrades. Non-GAAP operating expenses were $62 million , above outlook due largely to higher variable compensation associated with better-than-expected performance. GAAP EPS was $1.10 and non-GAAP EPS was $1.49 .CFO Jamie Coogan added that fourth-quarter systems revenue was $156 million , while Customer Support & International (CS&I) revenue reached a quarte ...