Business
Axcelis Announces Financial Results for First Quarter 2025
Q1 Highlights: Revenue of $192.6 millionGAAP Gross Margin of 46.1%, and Non-GAAP Gross Margin of 46.4%GAAP Operating Margin of 15.1% and Non-GAAP Operating
About this update from Axcelis Technologies, Inc.
[{"type":"text","content":"Q1 Highlights:\nRevenue of $192.6 millionGAAP Gross Margin of 46.1%, and Non-GAAP Gross Margin of 46.4%GAAP Operating Margin of 15.1% and Non-GAAP Operating Margin of 18.3%GAAP Diluted earnings per share of $0.88, and Non-GAAP Diluted earnings per share of $1.04BEVERLY, Mass., May 6, 2025 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the first quarter ended March 31, 2025.\n\n \n \n \n \n \n \n\n \nPresident and CEO Russell Low commented, \"We executed well in the first quarter, delivering strong profitability despite a moderation in customer investments and a more uncertain broader economic backdrop. Axcelis is well positioned to navigate a dynamic macroeconomic and global trade environment with an agile global manufacturing and supply chain footprint that we have optimized over the past few years. This provides a solid platform for us to meet our customers' needs while continuing to invest in innovation to capture the long-term growth opportunities that lie ahead.\"\nExecutive Vice President and Chief Financial Officer Jamie Coogan said, \"We delivered strong margins and cash flow in the first quarter, reflecting solid execution and the resilience of our operating model. We exited the quarter with a robust cash position and no debt, and are repurchasing shares in an opportunistic but disciplined manner, while continuing to invest in our business.\"\nResults Summary \n(In thousands, except per share amounts and percentages)\nThree months ended March 31,\n2025\n2024\n Revenue\n$\n192,563\n$\n252,372\n Gross margin\n46.1 %\n46.0 %\n Operating margin\n15.1 %\n22.4 %\n Net income\n$\n28,579\n$\n51,595\n Diluted earnings per share\n$\n0.88\n$\n1.57\nNon-GAAP Results \n Non-GAAP gross margin\n46.4 %\n46.1 %\n Non-GAAP operating margin\n18.3 %\n24.1 %\n Adjusted EBITDA\n$\n39,520\n$\n64,545\n Non-GAAP net income\n$\n33,784\n$\n55,234\n Non-GAAP diluted earnings per share\n$\n1.04\n$\n1.68\nBusiness OutlookFor the second quarter ending June 30, 2025, Axcelis expects revenues of approximately $185 million. GAAP earnings per diluted share of approximately $0.57, and non-GAAP earnings per share of approximately $0.73.\nPlease refer to Second Quarter Outlook under the \"Notes on our Non-GAAP Financial Information\" section of this document for detail relating to the computation of non-GAAP ...