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Axcelis Technologies Inc. (Nasdaq: ACLS) is a world-leading provider of equipment and services to the semiconductor manufacturing industry. For over 35 years, Axcelis has been a trusted partner for chipmakers globally, delivering cutting-edge solutions and expertise in the critical process of ion implantation. This process is essential for the fabrication of semiconductor chips used in everyday electronics such as smartphones, laptops, cameras, and more.
The company's suite of products includes advanced ion implantation systems, which form transistors that power electronic devices. Axcelis' Purion™ platform is renowned for its flexibility and advanced technology, catering to diverse needs from high current to high energy implants. The Purion Power Series™, particularly, addresses the growing demand in power device applications, including silicon carbide (SiC) technology, crucial for automotive, industrial, and energy applications.
Axcelis also offers comprehensive aftermarket services, including spare parts, equipment upgrades, maintenance, and customer training, ensuring maximum operational efficiency and longevity of its products. The company’s advanced technology center in Beverly, Mass., serves as a hub for innovation, collaborating with industry experts and customers to develop next-generation applications.
Financially robust, Axcelis continues to achieve record performance. In 2023, the company reported a 23% year-over-year growth, with revenues surpassing $1.1 billion. The strong market position is further evidenced by a $1.2 billion backlog at the year's end. Axcelis' strategic focus on the Asia Pacific region, which contributes significantly to its revenue, underscores its global outreach and market adaptability.
Recent achievements highlight Axcelis' leadership and innovation. The company showcased its latest technologies at SEMICON Korea 2024 and announced multiple shipments of its Purion Power Series™ to leading chipmakers worldwide. Axcelis also strengthened its board with new directors, bringing in valuable industry expertise.
As the semiconductor industry evolves, Axcelis remains committed to driving innovation and supporting its customers with state-of-the-art ion implantation solutions, ensuring a bright and technologically advanced future.
Axcelis Technologies, a key supplier in the semiconductor industry, announced preliminary Q2 2024 financial results ahead of an investor event. The company expects revenue to surpass $252 million, exceeding prior guidance of $245 million. Diluted earnings per share (EPS) are anticipated to be over $1.38, compared to the previous estimate of $1.30. CEO Russell Low attributed the strong performance to robust demand for the Purion platform. Axcelis projects a stronger second half of 2024, with a slight emphasis on Q4. Final Q2 results will be released on July 31, 2024.
Axcelis Technologies (Nasdaq: ACLS) has announced the appointment of David Ryzhik as Senior Vice President of Investor Relations and Corporate Strategy, effective July 2024. Ryzhik brings over 20 years of experience in investor relations and finance, including roles at MKS Instruments and Susquehanna International Group. He will succeed Doug Lawson, who plans to retire but will remain as a Senior Advisor until July 2025. Lawson has had a 15-year tenure with Axcelis, holding various executive roles and significantly contributing to corporate marketing and strategy. The transition aims to leverage Ryzhik's extensive experience to further Axcelis' growth objectives.
Axcelis Technologies (NASDAQ: ACLS), a key supplier of ion implantation solutions for the semiconductor industry, has inaugurated new service offices in Chitose, Hokkaido, and Kumamoto, Kyushu, Japan. These offices, which opened in June 2024, aim to enhance support for the company's expanding customer base in Japan. Axcelis President and CEO Russell Low emphasized the company's commitment to innovation and market share growth. Charles Pieczulewski, Axcelis Japan Country Manager, noted the strategic positioning of the new offices to improve support for Purion ion implant equipment and foster relations with both Silicon (Si) and Silicon Carbide (SiC) semiconductor power device customers, enabling advancements in logic production capacity.
Axcelis Technologies (NASDAQ: ACLS) has announced its participation in the 16th Annual CEO Investor Summit 2024, scheduled for July 10th at the St. Regis Hotel in San Francisco, CA.
Axcelis, a key supplier of ion implantation solutions for the semiconductor industry, will present at the event. Presentation materials will be available on the company's investor webpage.
Axcelis Technologies (Nasdaq: ACLS) will host a hybrid Investor Event on July 11, 2024, at the St. Regis Hotel, San Francisco. The event, aimed at the investment community, will run from 8 a.m. to 11 a.m. PT, with presentations starting at 9 a.m. PT. These presentations will cover Axcelis' business, growth strategy, and financial outlook. All executive officers will be present. Interested investors can attend in person or via a live audio webcast. More details and registration links are available on Axcelis’ website.
Axcelis Technologies, Inc. (NASDAQ: ACLS) announced its participation in several upcoming investor conferences, providing a platform for management to engage with investors and discuss the company's offerings for the semiconductor industry.
Axcelis Technologies, Inc. (ACLS) announced financial results for Q1 2024, reporting revenue of $252.4 million, a gross margin of 46%, and EPS of $1.57. Despite revenue decline from the previous quarter, the company exceeded guidance and highlighted growth in the implant intensive power device segment and shipments to China. The CEO mentioned continued strong execution and product success, while the CFO emphasized robust cash flow and a positive outlook for 2024.
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