Axcelis Technologies GAAP EPS of $1.21 beats by $0.08, revenue of $229.18M beats by $4.8M

• Axcelis Technologies press release (NASDAQ:ACLS): Q3 GAAP EPS of $1.21 beats by $0.08.
• Revenue of $229.18M (+29.7% Y/Y) beats by $4.8M.
• Gross margin for the quarter was 45.1%, compared to 44.8% in the second quarter.
• Record systems backlog of $1.1 billion and bookings of $337.1 million in the third quarter.
• Outlook: For the fourth quarter ending December 31, 2022, Axcelis expects revenues of $232-240 million vs. consensus of $224.74M. Gross margin in the fourth quarter is expected to be approximately 40-41%. Fourth quarter operating profit is forecast to be between $41-45 million with earnings per diluted share of $1.00-1.10. For the full year, the Company expects to achieve revenue of greater than $885 million with gross margins of greater than 43%.