Axcelis Technologies, Inc. announced financial results for the first quarter ended March 31, 2025.
Q1 Highlights:
- Revenue of $192.6 million
- GAAP 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 $1.04
President 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.”
Executive 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.”
Original – Axcelis Technologies