Axcelis Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 06, 2024 at 04:01 pm EST
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Axcelis Technologies, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported revenue was USD 256.56 million compared to USD 292.33 million a year ago. Net income was USD 48.58 million compared to USD 65.93 million a year ago. Basic earnings per share from continuing operations was USD 1.49 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 1.49 compared to USD 1.99 a year ago.
For the nine months, revenue was USD 765.45 million compared to USD 820.32 million a year ago. Net income was USD 151.04 million compared to USD 175.21 million a year ago. Basic earnings per share from continuing operations was USD 4.63 compared to USD 5.35 a year ago. Diluted earnings per share from continuing operations was USD 4.61 compared to USD 5.28 a year ago.
Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company offers a complete line of high energy, high current and medium current implanters for all application requirements. In addition to equipment, the Company provides extensive aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Its Purion flagship systems are all based on a common platform, which enables a combination of implant purity, precision and productivity. Combining a single wafer end station, with advanced spot beam architectures (that ensures all points across the wafer see the same beam condition at the same beam angle), Purion products enable process control to optimize device performance and yield, at high productivity. The Company sells its products to semiconductor chip manufacturers around the world.
AXCELIS TECHNOLOGIES, INC. 
