NASDAQ$ACLS

Axcelis Technologies Inc. · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Axcelis delivered strong financial performance driven by overall strength in the semiconductor industry and growing demand for Purion implant products.

Axcelis announced strong second quarter financial performance due to strength in the semiconductor industry and demand for Purion products. They are on track to exceed $625 million in revenue for the full year 2021.

  • Axcelis delivered strong second quarter financial performance.
  • The company is seeing growing demand for Purion implant products.
  • The rapid acceleration of the electrification of the automotive industry is creating substantial demand for power devices and image sensors.
  • Axcelis is on track to exceed $625 million in revenue for the full year 2021.

Headline financials

Total Revenue

$147M

Previous: $123M+19.8%
EPS (adj)

$0.55

Previous: $0.39+41.0%
Capital Expenditures

-$2.39M

Previous: -$2.98M+19.6%
Free Cash Flow

$33M

Previous: $21.5M+53.1%
Net Income

$35.4M

Previous: $24.5M+44.3%
Operating Income

$24M

Previous: $16.4M+46.5%
Gross Profit

$64M

Previous: $51.9M+23.3%
Cash & Equivalents

$220M

Previous: $190M+15.4%
Total Assets

$661M

Previous: $589M+12.2%
Stock-Based Comp

$3.38M

Previous: $3.08M+9.6%

Revenue & EPS history

Axcelis · Revenue · Quarterly

$147M

Q2 2021+19.8%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

For the third quarter ending September 30, 2021, Axcelis expects revenues to be approximately $170 million. Gross margin in the third quarter is expected to be approximately 42.5%. Third quarter operating profit is forecasted to be approximately $32 million with earnings per diluted share of approximately $0.70. The Company also expects to exceed $625 million in revenue for the full year 2021.

Tailwinds

  • Expects revenues to be approximately $170 million for Q3 2021.
  • Gross margin in the third quarter is expected to be approximately 42.5%.
  • Third quarter operating profit is forecasted to be approximately $32 million.
  • Earnings per diluted share of approximately $0.70 is expected for Q3.
  • The Company also expects to exceed $625 million in revenue for the full year 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.0%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+2.3%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+14.2%

Q1 2020

Best reaction

-21.1%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.6%-5.5%-14.1%
Q4 2025-16.6%-20.0%-14.3%
Q3 2025+4.8%+8.6%+12.8%
Q1 2025+5.0%+10.7%+15.9%
Q4 2024-12.3%-9.6%-13.9%
Q3 2024+1.9%-0.2%-13.2%
Q2 2024-3.9%-6.9%-6.8%
Q1 2024+3.0%+9.6%+8.7%
Q4 2023-5.8%-5.8%-13.8%
Q3 2023+0.4%+1.4%-1.3%
Q2 2023-4.9%-7.8%-1.7%
Q1 2023-6.7%-1.4%+33.4%
Q4 2022+4.8%+8.1%+4.2%
Q3 2022+1.8%+17.7%+34.0%
Q2 2022+12.2%+7.8%-9.5%
Q1 2022+0.3%-4.3%+8.8%
Q4 2021+7.0%+3.0%+4.5%
Q3 2021+1.5%+8.5%+8.6%
Q2 2021+11.7%+13.1%+28.1%
Q1 2021-5.0%-2.4%-4.7%
Q4 2020+1.8%+4.0%+4.1%
Q3 2020-0.3%-1.3%+20.2%
Q2 2020-16.0%-16.7%-24.6%
Q1 2020+14.2%+17.3%+19.4%
Q4 2019+10.9%+12.4%-7.0%
Q3 2019+6.3%+11.5%+9.2%
Q2 2019-1.3%-0.3%+6.8%
Q1 2019-13.6%-20.8%-32.6%
Q4 2018+3.6%+2.1%-9.1%
Q3 2018+4.7%+0.0%+15.4%
Q2 2018+3.8%-0.2%-9.6%
Q1 2018-6.0%-1.1%-3.3%
Q4 2017+0.2%-3.4%+7.1%
Q3 2017+10.7%+4.6%-2.4%
Q2 2017-2.0%+1.0%+4.9%
Q1 2017+11.7%+9.1%+21.8%
Q4 2016+7.6%+7.6%+0.3%
Q3 2016-21.1%-15.1%-8.5%
Q2 2016+3.4%+8.2%+12.6%
Q1 2016-9.1%
Q4 2015-8.4%
Q3 2015-20.4%
Q2 2015+8.9%
Q1 2015+6.5%
Q4 2014+6.8%
Q3 2014-1.4%
Q2 2014-1.1%
Q1 2014+0.6%
Q4 2013-4.7%
Q3 2013+5.0%
Q2 2013-2.3%
Q1 2013+12.3%
Q4 2012-2.9%
Q3 2012+4.7%
Q2 2012+12.4%
Q1 2012+1.7%
Q4 2011-2.3%
Q4 2009-2.3%
Q3 2010+0.7%
Q3 2011+0.7%
Q2 2011-9.2%
Q2 2010-9.2%
Q4 2010-9.2%
Q1 2011+1.0%
Q1 2010+8.1%

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