Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Axcelis Technologies ( (ACLS) ) just unveiled an update.
Axcelis Technologies reported stable financial results for Q3 2024, with revenues of $256.6 million and a notable operating margin of 18.3%. Despite a minor revision in backlog figures dating back to 2019, the company remains optimistic about its growth prospects, particularly in the silicon carbide sector and other key markets. For the fourth quarter, Axcelis projects revenues of $245 million, underscoring continued strong customer engagement and strategic investments in product development.
For a thorough assessment of ACLS stock, go to TipRanks’ Stock Analysis page.
