quarter for thank and morning, Good first you call. joining us our XXXX for earnings
We are exceeding a year the forecast. our financial to first start quarter with results off strong to
million. came revenue $XXX.X at in Our
taxes. bottom than line, point in which Higher offset in the of gross during period were higher share as shipped period. the were and by year earnings XX% basis partially from by On the $X.XX per increased costs, the driven primarily result a earnings a ago our XXX more diluted $X.XX, margin improvement R&D product mix selling
team combined to to device Axcelis the strength China Axcelis power shipments segment intensive this execution Continued customer carbide performance. achieve the strong by with in implant and silicon enabled
the X expect trends and levels booking foreseeable quoting on Based we activity, these to for future. continue current
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mature of our timing The in markets, end process other exact this memory to We to continue monitor general recovery predict. is difficult technologies. specifically and the recovery
expected the power strength. our levels revenue performance the of increase in be with over half half expect continuing to XXXX of first in an to We second area
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As a significant HXXX deliver seen in systems.
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Axcelis product plans. using means technology manufacturing fab to path risk We are considered of provide family supplier aggressive and that required lowest and ramp choice, the This providing the manufacturing tools best support high-volume the leader to the capabilities.
Looking years. even excited we're ahead, the about more several upcoming
discuss Investor quick here We growth summary several future July XX fundamental this our industry detail Day, be is driven our will at will a by trends. more but how of in
most significant manufacture, various will Axcelis. carbide's a and global requirements, support, growth intensive nitride chips service. AI generation, device and capacity. the gallium their and First, us forms applications distribution, such overall Silicon power generation, as growing needs implant of demand driver for chips transmission in and will power energy high-volume devices be used transportation, center applications, rapidly power for EVs, automobiles silicon are one hybrid electrical power semiconductor and adoption to of Remember, industrial a storage, increase and in of tooling the strong solar including data storage requirements including semiconductor wind and the charging making energy
This industry trend significant in will second AI. industry. trend every device the The segment impact is
the capacity requirements GPU additions. manufacturing processes and logic advanced drive require will First, significant
Second, data DRAM addition beyond bandwidth high with including GPU, increased PC drive center, AI memory the associated phone demand will each to AI in and requirements.
as Third, the memory AI types of include drive using generate excited for in drive NAND in IoT drive play chips. would storage years. and also growth And will source a will of analog will image the that and AI of connected AI capacity demand primary will wave data capacity chips drive implant sensors, of third Axcelis, finally, a drive and data. mature we're all IoT growth several wave At a nodes. This process change sensors devices logic that expected intensive our role to to technical in segments, significant including and next requirements.
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