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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 (NASDAQ: ACLS) is set to participate in the 14th Annual CEO Summit on July 13, 2022, taking place at the St. Regis Hotel in San Francisco, CA. This event allows accredited investors and research analysts to engage with the management teams of various participating companies. Axcelis, a leader in ion implantation solutions for the semiconductor industry, will make presentation materials available on its investor page. Early RSVP is advised as space is limited, with the registration deadline on July 1, 2022.
Axcelis Technologies (Nasdaq: ACLS) reported multiple shipments of Purion M™ medium current implanters, enhancing its presence in the semiconductor industry. These include follow-on orders and three new placements across the US, Europe, and Asia, shipped in Q2 2022. Executive VP Bill Bintz noted that the mature process technology market continues to be robust, indicating potential revenue growth from these new tool placements. This strategic move aims to expand the company's customer base and revenues in a vital segment of the industry.
Axcelis Technologies (NASDAQ: ACLS) has announced its participation in several upcoming investor conferences. Key events include the 22nd Annual B. Riley Institutional Investor Conference on May 25 in Beverly Hills, CA, featuring a fireside chat by management. Other conferences include the Craig-Hallum Institutional Investor Conference on June 1, the Cowen Technology, Media & Telecom Conference on June 2, and the Stifel 2022 Cross Sector Insight Conference on June 8, where management will also present and conduct meetings. A live webcast will be available for the Stifel event.
Axcelis Technologies reported strong first-quarter results for 2022, with revenue of $203.6 million, slightly down from Q4 2021. The company achieved an operating profit of $48.9 million and net income of $41.6 million, or $1.22 per diluted share. A record backlog of $625.1 million and bookings of $315.5 million were reported, alongside cash of $297.9 million. The company anticipates exceeding $850 million in revenue for 2022. Despite supply chain challenges affecting margins, an optimistic outlook for the second quarter predicts revenues between $205-215 million.
Axcelis Technologies (Nasdaq: ACLS) announced the shipment of two Purion H™ high current implanter evaluation systems in Q2 2022 to major chipmakers in Asia. These systems will assist in the production of DRAM memory and mature process technology devices. President and CEO Mary Puma highlighted the growth opportunities presented by these installations, emphasizing the superior process control and productivity offered by the Purion H technology.
Axcelis Technologies (Nasdaq: ACLS), headquartered in Beverly, Mass., announced multiple shipments of its Purion Dragon™ high current implanter to semiconductor manufacturers in Asia, including follow-on orders and new customers. The Purion Dragon features advanced orthogonal beam optics tailored for critical implant steps in advanced memory and logic applications. This shipment, occurring in the first and second quarters of 2022, supports existing customer capacity expansion and marks entry into new markets. Executive VP Bill Bintz emphasized the implanter's capabilities and the productivity gains it delivers.
Axcelis Technologies, Inc. (Nasdaq: ACLS) will release its financial results for the first quarter of 2022 on May 4, 2022, at 4:00 p.m. ET. Following this, the company will host a conference call on May 5, 2022, at 8:30 a.m. ET, accessible via an audio webcast on its Investors page. Interested parties can join the call by dialing in at least 15 minutes prior to ensure connection. The company specializes in high-productivity solutions for the semiconductor industry, particularly in ion implantation systems.
On March 31, 2022, Axcelis Technologies (Nasdaq: ACLS) announced follow-on shipments of its Purion XE™ and Purion M™ implanters to a major power device chipmaker in Japan. These systems are meant for the high-volume production of 300mm thin silicon wafer-based MOSFET and IGBT devices used in automotive and power management applications. Executive VP Bill Bintz stated that the Purion Power Series' unique capabilities position Axcelis for growth in this market and they aim to enhance their footprint in Japan.
Axcelis Technologies (Nasdaq: ACLS) announced several shipments of its Purion VXE high-energy systems to top CMOS image sensor manufacturers in Asia.
The Purion VXE, an advanced energy solution, is now recognized as the process tool of record in the image sensor sector. CEO Mary Puma highlighted that Axcelis holds a strong position in the growing image sensor market, which benefits from trends in IoT, mobile, and automotive sectors.
On March 1, 2022, Axcelis Technologies (Nasdaq: ACLS) announced a new $100 million share repurchase program, funded by available working capital. This initiative reflects the Board's confidence in the company's long-term growth prospects. Since 2019, Axcelis has returned over $75 million to shareholders. Buybacks will occur under SEC Rule 10b-18, subject to market conditions, and the company may suspend the program at any time. Management emphasizes that while this is a positive step, it remains cautious due to potential risks.
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