Axcelis Technologies, Inc. (NASDAQ:ACLS) Q1 2024 Earnings Call Transcript

Mark Miller: Okay. You mentioned the push outs were starting to ease up. But in terms of the push outs you’ve seen recently, are they more related to the slow and in the EV market?

Russell Low: Sorry, Mark, what was the last part of that sentence?

Mark Miller: Yes, the push outs you’ve seen, are they related to some slowdown in the EV market?

Russell Low: No. So I think the push outs have been typically general mature. The pull ins – the small pull ins I’ve been talking about, those actually are the EV’s. We typically see silicon carbide tools getting pulled in because of the demand. But like I said, mostly it’s the general mature stuff that Doug mentioned was soft, and a lot of that is people. Maybe it’s either fab timing or project timing that begin to slow that down a little bit.

Mark Miller: Thank you.

Russell Low: Thank you.

Operator: Thank you for your question. This does conclude the presentation. Thank you for your participation in today’s conference. You may now disconnect. Good day.