Axcelis Technologies Full Year 2024 Earnings: EPS Beats Expectations

Axcelis Technologies (NASDAQ:ACLS) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.02b (down 10.0% from FY 2023).
• Net income: US$201.0m (down 18% from FY 2023).
• Profit margin: 20% (down from 22% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$6.17 (down from US$7.52 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Axcelis Technologies EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.0%.

Looking ahead, revenue is expected to decline by 8.4% p.a. on average during the next 2 years, while revenues in the Semiconductor industry in the US are expected to grow by 16%.

Performance of the American Semiconductor industry.

The company's shares are down 13% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Axcelis Technologies has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.