Axcelis reported third-quarter revenue of $238 million and diluted EPS of $1.26, beating expectations as demand improved across several semiconductor equipment markets. Bookings reached $222 million, the highest quarterly level since the fourth quarter of 2023, while backlog rose to $531 million and CS&I revenue hit a record $93 million; the system book-to-bill ratio was 1.5. For the fourth quarter, the company forecasts revenue of about $275 million and EPS of about $1.50, and expects first-quarter 2027 revenue to be roughly level with that. Management sees a broadening recovery and expects growth in memory, power and mature applications in 2027. The pending Veeco merger is now expected to close by the end of the first quarter of 2027, subject to China regulatory clearance, and a $35 million Korean facility is set to begin production in the second half of 2028.
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