Axcelis' (ACLS) Q2 Earnings and Revenues Surpass Estimates
ACLSAxcelis(ACLS) ZACKS·2024-08-02 23:46

Axcelis Technologies (ACLS) reported second-quarter 2024 non-GAAP earnings per share (EPS) of 1.55,whichsurpassedtheZacksConsensusEstimateby11.51.55, which surpassed the Zacks Consensus Estimate by 11.5%. However, the bottom line decreased 16.7% year over year.The quarter’s revenues totaled 256.5 million, beating the Zacks Consensus Estimate by 1.6%. Strong conversion of valuation units and solid demand for ion implantation systems, especially in the silicon carbide space, fueled by the expansion of electric and hybrid vehicles, aided the top line.  Addi ...