Axcelis Tech Ord Stock Price, News & Analysis

Axcelis Technologies, Inc. (NASDAQ: ACLS), based in Beverly, Mass., announced its participation in two upcoming virtual investor conferences. The first is the Needham Virtual 2nd Annual SemiCap and EDA Conference on August 24, 2021, where management will host one-on-one meetings. The second is the Jefferies 2021 Semiconductor, IT Hardware and Communications Infrastructure Summit on August 31 and September 1, 2021, featuring one-on-one and small group meetings on August 31. Axcelis, a leader in ion implantation solutions, has over 40 years of experience in the semiconductor industry.

Axcelis Technologies reported strong second quarter 2021 results, with revenue of $147.3 million, up from $132.8 million in Q1. The operating profit increased to $24 million, while net income rose to $18.9 million or $0.55 per diluted share. Gross margin improved to 43.5%. The company anticipates approximately $170 million in Q3 revenue and $625 million for the full year. CEO Mary Puma highlighted growth driven by demand in the semiconductor sector, particularly from the electrification of the automotive industry.

Axcelis Technologies (Nasdaq: ACLS) announced the first shipment of its Purion EXE™ Power Series SiC high energy system to a customer in China, marking a significant milestone for the company. Additionally, multiple follow-on shipments of the Purion M™ and Purion XE™ Power Series SiC implanters were sent to top SiC power device manufacturers in Asia and Europe. These shipments support the growing demand for semiconductor devices needed for electric vehicles. The Purion product line enhances productivity and yield, crucial for Axcelis' growth strategy in the power device market.

Axcelis Technologies (Nasdaq: ACLS) is set to release its financial results for the second quarter of 2021 on August 4, 2021, at 4:00 p.m. ET. A conference call to discuss the results will follow on August 5, 2021, at 8:30 a.m. ET. Interested parties can listen via an audio webcast on the company's website. Axcelis has been a key player in the semiconductor industry for over 40 years, focusing on innovative ion implantation systems critical to the IC manufacturing process.

Axcelis Technologies (Nasdaq: ACLS) announced the shipment of multiple Purion and legacy systems to a leading foundry in China. This includes Purion XE, Purion VXE, and high current systems for mature process technology. The systems are expected to enhance production capacity amid growing demand in the 5G, mobile, and automotive sectors. CEO Mary Puma indicated optimism for continued strength in the Chinese market throughout 2021, supported by a diverse customer base.

On June 24, 2021, Axcelis Technologies (Nasdaq: ACLS) announced the shipment of its Purion VXE™ high energy system to a significant CMOS image sensor manufacturer in China. This marks the first delivery of the Purion VXE to the client, signifying Axcelis's strong position in the semiconductor market. The Purion VXE is designed to meet the demands of advanced image sensor production, providing ultra-high energy implants and low metal contamination. CEO Mary Puma highlighted ongoing market strength driven by demand in IoT, mobile, and automotive sectors.

Axcelis Technologies (NASDAQ: ACLS) will participate in the 13th Annual Virtual CEO Summit on June 15, 2021. The event will feature small group meetings with management teams from various companies, offering investors and analysts an opportunity to engage directly. Axcelis will provide presentation materials on their investor page, accessible via www.axcelis.com. Attendance is by invitation only, requiring advance registration before June 10, 2021.

Axcelis Technologies, Inc. (NASDAQ: ACLS) announced participation in upcoming virtual investor conferences. Key events include the 18th Annual Craig-Hallum Institutional Investor Conference on June 2, the 49th Annual Cowen 2021 Technology, Media & Telecom Conference on June 3, and the Stifel 2021 Virtual Cross Sector Insight Conference on June 9. Management will conduct virtual one-on-ones and small group meetings, with a fireside chat scheduled for June 9 at 10:40 a.m. ET. A live webcast will be available via Axcelis' website.

Axcelis Technologies reported first quarter 2021 revenue of $132.8 million, an increase from $122.2 million in Q4 2020. The operating profit rose to $20.3 million from $14.1 million, with net income at $16.5 million ($0.48/share), up from $14.7 million ($0.43/share). The gross margin declined slightly to 42.5% from 43.4%. The company shipped its first Purion H200™ SiC tool and anticipates 2021 revenue to exceed $550 million. For Q2 2021, revenue is expected between $135 million and $140 million.