Axcelis Technologies, Inc. provided earnings guidance for the fourth quarter and full year ending December 31, 2022. For the quarter, the company expects revenues of $232 million to 240 million. Fourth quarter operating profit is forecast to be between $41 to $45 million with earnings per diluted share of $1.00 to $1.10.

For the full year, the Company expects to achieve revenue of greater than $885 million with gross margins of greater than 43%.