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AI brief of an SEC Form 8-K · Axcelis Technologies (ACLS)

Axcelis Q1 revenue of $252.4 million and EPS of $1.57 beat guidance

Mixed Impact 3 of 5 earnings Written later

Axcelis reported first quarter 2024 revenue of $252.4 million, down from $310.3 million in the fourth quarter of 2023 but up slightly from $254.0 million a year earlier, and net income of $51.6 million, or $1.57 per diluted share. The company said revenue, gross margin and EPS finished above its guidance for the quarter, but it forecast second quarter revenue of about $245 million and EPS of around $1.30, both below first quarter levels.

Key points

  • Q1 2024 revenue was $252.4 million versus $310.3 million in Q4 2023; gross margin was 46% versus 44.4%.
  • Net income was $51.6 million, or $1.57 per diluted share, compared with $2.15 in Q4 2023 and $1.43 in Q1 2023.
  • Q2 2024 outlook: revenue of about $245 million, gross margin of about 43.5%, operating profit of about $47 million and EPS of around $1.30.
  • Management will discuss the results on a conference call on May 2, 2024, at 8:30 a.m. ET.

The filing

CompanyAxcelis Technologies (ACLS)
Form8-K, current report
Filed with the SECMay 1, 2024, 4:12 PM ET
Accession number0001104659-24-055735

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.