Axcelis Technologies, Inc.NASDAQ
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  • Tue, Aug. 2, 4:07 PM
    • Axcelis Technologies (NASDAQ:ACLS): Q2 EPS of $0.10 beats by $0.06.
    • Revenue of $64.45M (-17.8% Y/Y) misses by $1.59M.
    • Press Release
    | Tue, Aug. 2, 4:07 PM
  • Mon, Aug. 1, 5:35 PM
  • Fri, Jul. 1, 5:36 PM
    • Top gainers, as of 5.25 p.m.: TTM +5.6%. TDW +2.1%. ACLS +1.7%. HIMX +1.6%. MA +1.5%.
    • Top losers, as of 5.25p.m.: RBS -9.7%. COH -4.2%. EXC -2.9%. AEIS -2.7%. CLLS -2.0%.
    | Fri, Jul. 1, 5:36 PM
  • Fri, May 20, 10:56 AM
    • Lam Research (LRCX +4.1%), KLA-Tencor (KLAC +2.3%), ASML (ASML +2.2%), Axcelis (ACLS +3.9%), Kulicke & Soffa (KLIC +3%), Ultratech (UTEK +3.5%), Teradyne (TER +2.3%), Rudolph Technologies (RTEC +2.6%), and Xcerra (XCRA +2.7%) are outperforming after Applied Materials (AMAT +13.2%) beat FQ2 estimates, provided FQ3 guidance that was well above consensus, and reported FQ2 orders rose 52% Q/Q and 37% Y/Y to $3.45B. The Nasdaq is up 1.2%.
    • Applied's order growth was fueled in large part by display equipment orders totaling $700M, up sharply from $183M in the prior quarter and $120M a year ago. On its earnings call, AMAT said display order strength is likely to continue "over the rest of 2016," and is being driven by mobile-related OLED investments - many reports have indicated Apple plans to bring iPhones sporting OLEDs to market next year.
    • OLED materials/IP provider Universal Display (OLED +5.2%) is rallying. As are display panel makers LG Display (LPL +6.5%) and AU Optronics (AUO +3.2%), each of which have been stepping up their OLED investments, and industrial laser maker Coherent (COHR +2.5%), which has recently seen an OLED-related order surge.
    • Also: Applied's NAND flash-related orders more than doubled Y/Y to nearly $1B thanks to its customers' 3D NAND investments. That more than offset softer DRAM and foundry-related chip equipment demand. On the call, Applied suggested NAND orders will slow a bit in the second half of FY16, but remain strong overall. Foundry demand is expected to grow somewhat this year, with Applied gaining share. Industry wafer fab equipment demand is expected to be flat to slightly up.
    • B. Riley has upgraded Applied to Buy, and several firms have hiked their targets. Cowen's Tim Arcuri thinks $3 in annual EPS is now possible. Credit Suisse's Farhan Ahmad: "AMAT is clearly outgrowing peers this year, driven by favourable mix shift within WFE (NAND/Foundry increasing, DRAM declining) and strong growth in Display (China/OLED investments)."
    | Fri, May 20, 10:56 AM
  • Thu, May 19, 10:20 AM
    • Axcelis (ACLS - unchanged) shareholders have signed off on a 1:4 reverse split that will go into effect by the end of June.
    • The split will lower the chip equipment maker's share count to 29M from 116M. Axcelis currently trades at $2.30.
    | Thu, May 19, 10:20 AM
  • Mon, May 2, 5:24 PM
    • Axcelis Technologies (ACLS -4.2%) is off 1.5% after hours following its Q1 earnings beat as Q2 guidance is coming below analyst projections.
    • Market share was up to 18.3% from a year-ago 12.4%, the company said.
    • Revenue breakout: Product, $62.2M (down 7.9%); Services, $5.35M (down 7.1%). System revenues were $37M.
    • It's forecasting similar results in Q2: revenues in the mid-$60M range (light of expectations for $72.3M), with gross margin in the mid-30% range and operating profit of $1M-$2M andj EPS of break-even to $0.01 (vs. consensus for $0.03).
    • Conference call link
    | Mon, May 2, 5:24 PM
  • Mon, May 2, 4:05 PM
    • Axcelis Technologies (NASDAQ:ACLS): Q1 EPS of $0.02 beats by $0.01.
    • Revenue of $67.5M (-7.9% Y/Y) beats by $1.55M.
    | Mon, May 2, 4:05 PM
  • Sun, May 1, 5:35 PM
  • Sun, May 1, 5:35 PM
  • Tue, Mar. 8, 10:35 AM
    • Axcelis (ACLS +5.3%) has received orders from "several leading chipmakers in China" for its Purion XE wafer implanter. The systems will help design and produce 3D NAND flash and custom planar logic chips in multiple Chinese fabs.
    • Intel might be one of the buyers - last fall, the company announced it would invest up to $5.5B to produce flash memory (including 3D NAND) at a Dailan, China fab. Axcelis EVP John Aldeborough: "We see significant opportunity for the Purion XE because of its ability to provide the most precise dopant placement, including exacting angle control, which is critical to ensure high levels of performance and yield in [3D NAND]processes."
    • Two weeks ago: Axcelis pops after announcing Purion H order from DRAM maker
    | Tue, Mar. 8, 10:35 AM
  • Tue, Feb. 23, 12:59 PM
    • Axcelis (ACLS +4.7%) has shipped a multi-system follow-on order for its Purion H chip wafer implanters to a top DRAM maker in the Asia-Pac region; Samsung and SK Hynix are the most likely candidates. The hardware will be used to manufacture 20nm DRAM chips.
    • EVP John Aldeborgh: "We're excited to be a part of this capacity expansion at one of the world's largest chip manufacturers ... As our customers move towards advanced planar and 3D device manufacturing, they need unprecedented dopant precision to ensure the highest yields possible. With the Purion H, our team has incorporated advanced beamline technology and an innovative spot beam for precise dopant placement, coupled with the highest beam currents for optimized system performance."
    • The news comes three weeks after Axcelis sold off in the wake of its Q4 results (revenue beat estimates, EPS was in-line) and in-line Q1 guidance. The company joined other chip equipment makers in rallying on Friday in response to Applied Materials' earnings/guidance.
    | Tue, Feb. 23, 12:59 PM
  • Fri, Feb. 19, 12:25 PM
    • Lam Research (LRCX +4%), KLA-Tencor (KLAC +2.2%), ASML (ASML +2.6%), Axcelis (ACLS +3.9%), Rudolph Technology (RTEC +2.3%) and Xcerra (XCRA +4.9%) have caught sympathy bids after chip equipment giant Applied Materials (AMAT +9.4%) slightly beat FQ1 estimates and (more importantly) issued strong FQ2 guidance. The Nasdaq is up 0.3%.
    • Applied's numbers come after Lam and ASML forecast demand would pick up in calendar Q2 following a soft Q1. On its earnings call (transcript), Applied forecast the wafer fab equipment (WFE) market would be roughly flat in 2016 - Gartner forecast a 2.5% drop in January, followed by 8.1% growth in 2017 and 9.1% growth in 2018.
    • 2016 outlook: NAND flash equipment spend is expected to be up ~25% Y/Y in 2016 thanks to 3D NAND investments; DRAM spend is expected to drop ~20%, and logic spend be roughly flat. CFO Robert Halliday: "We do believe that the first half is a little bit more weighted to NAND, whereas the second half is more weighted to stronger performance in foundry, logic and DRAM. So we do see a stronger second half." Applied expects to gain WFE share in 2016, aided by strong 3D NAND and 10nm process positions.
    • Orders: Not surprisingly (given soft near-term demand), Applied's chip equipment orders fell in FQ1, dropping 11% Y/Y to $1.28B. However, services orders rose 12% to $773M, and display orders (boosted by OLED equipment demand) rose 71% to $183M. Energy/environmental (solar) orders fell 12% to $44M. (earnings release)
    • Needham's Edwin Mok has upgraded Applied to Buy, with a $22 target. "We believe AMAT's strategy and efforts to drive growth in the Silicon, Display and [global services] businesses are finally starting to yield results, even with limited industry growth ahead. With improving gross margins and good cost control ahead, we now expect the model to deliver strong, double-digit-% earnings growth in 2-3 years, even though it is trading largely in line with other large-cap Semi names."
    • Update: In other news, Lam Research and KLA-Tencor shareholders have each approved the companies' planned merger. The deal is still expected to close in mid-2016.
    | Fri, Feb. 19, 12:25 PM | 1 Comment
  • Wed, Feb. 3, 3:05 PM
    • Kulicke & Soffa (KLIC +14.4%) has surged above $11 after beating FQ1 estimates and guiding for FQ2 revenue of $130M-$140M, above a $129.1M consensus.
    • Fellow chip equipment maker Axcelis (ACLS -9.1%) is off sharply after providing in-line Q1 guidance - revenue in the "mid-$60 million range" and EPS of $0.00-$0.01 vs. a consensus of $65.8M and $0.00 - to go with a Q4 sales beat and in-line EPS.
    • Kulicke CEO Jonathan Chou offered upbeat Q1 commentary: "Stabilizing inventory levels throughout the industry combined with our improved short-term guidance support our view of a recovering market environment. This improving external condition along with our ongoing focus on cost efficiency, prudent capital deployment, targeted development and the initial acceptance of our thermo-compression tool collectively demonstrate our comprehensive effort and execution."
    • On its earnings call (transcript), Axcelis said it plans to seek shareholder approval for a reverse split at its May annual meeting. CEO Mary Puma: "A one-for-four reverse split would bring our share count in line with our peer group. We expect the stock split to ultimately result in an increase in our institutional shareholder base as well as provide final resolution in our earnings-per-share."
    • Larger equipment makers such as Lam Research and ASML have indicated industry demand will grow strongly in Q2 following a soft Q1. Intel and TSMC plan to increase capex in 2016 (with Intel's growth coming off depressed levels); Samsung (an Axcelis client) is expected to cut capex due to lower DRAM-related spending. Axcelis received several earnings call question about memory spending.
    • Kulicke & Soffa: FQ1 results, earnings release
    • Axcelis: Q4 results, earnings release
    | Wed, Feb. 3, 3:05 PM
  • Tue, Feb. 2, 4:06 PM
    • Axcelis Technologies (NASDAQ:ACLS): Q4 EPS of $0.00 in-line.
    • Revenue of $70.46M (+12.7% Y/Y) beats by $1.92M.
    | Tue, Feb. 2, 4:06 PM
  • Mon, Feb. 1, 5:35 PM
  • Fri, Jan. 22, 3:30 PM
    • Plenty of tech names crushed over the first 20 days or so of January are sharply higher as the Nasdaq (up 2.4%) continues rebounding from Wednesday's intraday lows. Many still have sizable YTD losses.
    • Big gainers among telecom equipment/component firms: Optical component vendors Oclaro (OCLR +9.5%) and NeoPhotonics (NPTN +6%), mobile infrastructure/services giant Ericsson (ERIC +6.2%), optical networking hardware vendor Infinera (INFN +5.2%), and microcap RF backhaul hardware firms DragonWave (DRWI +24.3%) and Ceragon (CRNT +10%). Ericsson underperformed yesterday following a pre-earnings Goldman downgrade.
    • Among enterprise tech firms: Threat-prevention technology and services provider FireEye (FEYE +7.7%), big data software provider Hortonworks (HDP +16.1%), security software/services firm Rapid7 (RPD +9.1%), data governance software firm Varonis (VRNS +5.6%), and flash storage array vendor Violin Memory (VMEM +13.6%). FireEye fell slightly yesterday after making a Q4 pre-announcement and announcing a $200M+ acquisition. Hortonworks was crushed on Tuesday after a Q4 pre-announcement and stock offering shelf registration.
    • Among chip industry firms: RF chipmaker Skyworks (SWKS +6%), audio codec developer Cirrus Logic (CRUS +7.3%), smart TV/home automation chipmaker Sigma Designs (SIGM +6.5%), FPGA/sensor hub maker QuickLogic (QUIK +9.2%), and chip equipment firms Axcelis (ACLS +4.9%) and Aixtron (AIXG +4.9%). Major Cirrus/Skyworks client Apple reports on Tuesday afternoon.
    • Also up big: 3D printer maker 3D Systems (DDD +7.1%), Russian search leader Yandex (YNDX +7.5%), mortgage origination software firm Ellie Mae (ELLI +6.4%), Chinese solar firm Yingli (YGE +11.4%), and SMB Web services provider (WIX +5.3%).
    • Previously covered: Rosetta Stone, Live Ventures, HP Enterprise, Mitel, Mobileye, Qorvo, SunPower, SolarCity
    | Fri, Jan. 22, 3:30 PM | 6 Comments