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Axcelis Technologies (ACLS)
NASDAQ:ACLS
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.25Last Year’s EPS
$2.15Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -21.01%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights Axcelis Technologies' strong performance in the silicon carbide market and solid cash flow generation. However, significant challenges exist, including lower bookings, a bad debt charge, and potential revenue declines in 2025. The sentiment reflects a balance between positive long-term growth opportunities and near-term market challenges.Company Guidance
During the Axcelis Technologies Q3 2024 earnings call, the company provided guidance for the upcoming quarters, highlighting several key metrics. The revenue for the third quarter was reported at $256.6 million, with a gross margin of 42.9%, slightly below the target of 43.5%. The company expects Q4 revenue to reach approximately $245 million, with gross margins of 42.5% and operating expenses around $60 million. Bookings in Q3 were softer than anticipated at $84 million, and the backlog was adjusted to $758 million due to a correction in previous calculations. The company anticipates a decline in revenue from China in the fourth quarter and first half of 2025 due to capacity digestion in power and general mature markets. Despite these challenges, Axcelis remains optimistic about long-term growth drivers such as silicon carbide, with projections indicating growth from $2.7 billion in 2023 to $9.9 billion by 2029, a 24% CAGR.Revenue Achievement
Axcelis Technologies delivered Q3 2024 revenue of $257 million, largely in line with expectations. Revenue from the image sensor market was strong, driven by demand out of China for smartphone applications.
Silicon Carbide Growth
Silicon carbide market remains an important growth driver, with expectations of a 24% CAGR from $2.7 billion in 2023 to $9.9 billion in 2029. Axcelis is well positioned as a market leader in implant for silicon carbide.
First PO for Purion VXE Implanter
Axcelis received its first purchase order for the Purion VXE implanter, indicating successful innovation and potential for future revenue generation.
Memory Market Activity
Early signs of activity from memory customers with expectations of additional revenue in Q4 and potential recovery in 2025.
Cash Flow and Balance Sheet Strength
Axcelis generated $42 million of free cash flow in Q3 2024, with a strong cash position of $579 million.
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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 |
|---|---|---|---|
| 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% |
| Feb 07, 2024 | $131.49 | $122.25 | -7.03% |
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 Feb 05, 2025, TBA Not Confirmed.
What is Axcelis Technologies (ACLS) earnings time?
Axcelis Technologies (ACLS) earnings time is at Feb 05, 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 2024 (Q4) is $1.25.
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