- Axcelis Technologies (NASDAQ:ACLS) expects Q4 revenue to be approximately $120Mn, above the $110M prior guidance.
- Gross margin of ~43% is up from the previous gross margin guidance of 41%.
- Company expects EPS of ~$0.32, up from the previous guidance of approximately $0.21.
- Cash will be greater than $200M.
- "We expect 2020 to exceed expectations and that 2021 will be another strong year, with the mature process technology market continuing to grow and the memory market expected to recover. This positions us well to achieve our $550 and $650 million dollar target models." commented President and CEO Mary Puma.
- Shares +5.2% after hours