Axcelis raises Q4 EPS to ‘greater than’ $1.45 from $1.00-1.10, consensus $1.05

Raises Q4 revenue view to above $250M, up from $232M-$240M, consensus $234.49M. President and CEO Mary Puma commented, "Our performance in the fourth quarter was a result of strong execution by Axcelis employees delivering higher than expected system shipments and aftermarket revenue. Favorable FX also positively impacted our earnings per share in the quarter." Puma continued, "We expect year over year growth in 2023 based on robust demand for the Purion product family, especially in the power device segment."