ACLS Earnings Prediction
The chart below shows how ACLS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ACLS sees a +0.49% change in stock price 10 days leading up to the earnings, and a +1.61% change 10 days following the report. On the earnings day itself, the stock moves by +1.12%. This data can give you a slight idea of what to expect for the next quarter's release.
ACLS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
256.56M
-12.23%
0.02%
Gross Margin
42.86%
-3.38%
-2.19%
Operating Margin
18.29%
-25.41%
-11.17%
Net Margin
18.93%
-16.05%
-4.54%
EPS
1.49
-25.13%
-3.87%
No Data Available
ACLS Earnings Analysis
Axcelis Technologies Inc Corporation (ACLS.O) Earnings Conference Call
Positive
Strong Revenue Performance: 1. Strong Revenue Performance: Axcelis reported third quarter revenue of $257 million, which was largely in line with expectations and reflects a strong sequential increase in revenue from the image sensor market.
Earnings Beat Forecast: 2. Earnings Exceed Expectations: The company achieved earnings per diluted share of $1.49, surpassing the outlook of $1.43, driven by higher-than-expected revenue and a favorable tax rate.
Free Cash Flow Surge: 3. Significant Free Cash Flow Generation: Axcelis generated $42 million in free cash flow during the quarter, marking a 49% increase year-over-year despite a 7% decline in revenue.
Strong Future Revenue Potential: 4. Robust Backlog: The company ended the quarter with a backlog of $758 million, indicating strong future revenue potential despite current market softness.
Cash Reserves Strength: 5. Strong Cash Position: Axcelis ended the quarter with $579 million in cash, cash equivalents, and short-term investments, providing a solid foundation for future growth and investments.
Negative
Decline in Customer Demand: Bookings in the quarter were softer than expected, totaling only $84 million, indicating a decline in customer demand and a potential slowdown in future revenue growth.
Power Market Revenue Decline: Revenue from power markets decreased to approximately 57% of total revenue, down from 63% in Q2 2024, reflecting a sequential decline in demand for mature markets.
Gross Margin Decline: Gross margin fell to 42.9%, slightly below the target of 43.5%, primarily due to a less favorable systems mix and lower revenue from consumables and services.
Operating Expenses Exceed Target: Operating expenses reached $63.1 million, exceeding the target of $60 million, largely due to a $3.4 million bad debt expense from a bankrupt customer, impacting overall profitability.
Revenue Decline Expectations: Preliminary expectations indicate that revenue in the first half of 2025 will be lower than in the second half of 2024, driven by ongoing softness in bookings and market conditions.
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ACLS Earning Call Sentiment
Axcelis Technologies, Inc. (ACLS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ACLS.O
-3.06%Positive
The earnings call reveals a mixed financial performance with declining revenue and margins, despite a slight increase in EPS. The Q&A section highlights concerns about order softness, particularly in China, and supply chain challenges. Positive aspects include strong liquidity and share repurchase authorization. However, the overall sentiment is negative due to muted demand, declining margins, and uncertain future guidance, especially with expected lower performance in early 2025. Given the market cap, this is likely to result in a negative stock price movement between -2% to -8%.