Axcelis Technologies (NASDAQ: ACLS) saw its stock surge 9.65% in Tuesday's trading session following the release of its impressive first-quarter 2025 financial results and upbeat second-quarter guidance. The semiconductor equipment manufacturer significantly outperformed analyst expectations, demonstrating strong business performance despite challenging market conditions.

For Q1 2025, Axcelis reported earnings of $1.04 per share, surpassing the analyst consensus estimate of $0.39 by a remarkable 166.67%. This stellar performance comes even as earnings decreased by 33.76% compared to the same period last year when the company reported $1.57 per share. Quarterly sales reached $192.56 million, exceeding the analyst consensus estimate of $184.87 million by 4.16%, although this represents a 23.70% decrease from the $252.37 million reported in the same quarter last year.

Adding to investor optimism, Axcelis provided an encouraging outlook for the second quarter, projecting revenue of $185 million and adjusted earnings per share of approximately $0.73. The company's ability to maintain strong financial performance and provide positive guidance in a challenging semiconductor market environment has clearly resonated with investors, driving the significant stock price increase.