Reports Q1 revenue $254.0M, consensus $240.56M. CEO Mary Puma commented, "Axcelis delivered strong Q1 financial performance with a new backlog record, as a result of significant demand and solid execution by the Axcelis team. The Purion product family continues to gain share, especially in the mature process technology markets. Axcelis’ high value Purion product extensions were designed to optimize power and image sensor device manufacturing, uniquely positioning Axcelis to benefit from high growth in these markets." CfO Kevin Brewer said, "We are pleased with our Q1 3 financial results and are excited about the increased 2023 revenue expectation of greater than $1.03B, representing year over year growth of over 12%."
Published first on TheFly
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