Shares of Axcelis Technologies (ACLS) surged 5.32% in Monday's trading session after the semiconductor equipment company reported better-than-expected fourth quarter earnings results.
For the quarter ended December 31, 2024, Axcelis posted revenue of $252.4 million, exceeding the consensus estimate of $245 million. Net income came in at $50 million or $1.58 per share, comfortably ahead of analysts' forecast of $40.7 million or $1.28 per share. The company's operating profit was $54.5 million with a gross margin of 46.1%.
Looking ahead, Axcelis provided upbeat guidance, projecting Q1 2025 earnings per share of $0.38 on revenue of $185 million. The strong results and optimistic outlook suggest the company is benefiting from robust demand for its ion implantation solutions amid the ongoing semiconductor upcycle.
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