Veeco Instruments Inc ( (VECO) ) has released its Q2 earnings. Here is a breakdown of the information Veeco Instruments Inc presented to its investors.
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Veeco Instruments Inc., a leading manufacturer of semiconductor process equipment, specializes in technologies crucial for advanced semiconductor device fabrication and packaging. In its latest earnings report for the second quarter of 2025, Veeco announced a revenue of $166.1 million, a slight decrease from the previous year’s $175.9 million. The company reported a GAAP net income of $11.7 million, or $0.20 per diluted share, down from $14.9 million, or $0.25 per diluted share, in the same period last year.
The financial results were bolstered by the expansion of High-Performance Computing and AI technologies, with significant contributions from shipments of wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks. Despite the year-over-year decline, Veeco’s non-GAAP net income stood at $21.5 million, or $0.36 per diluted share, compared to $25.4 million, or $0.42 per diluted share, in the prior year.
Looking ahead to the third quarter of 2025, Veeco has provided guidance with expected revenue ranging between $150 million to $170 million. The company anticipates GAAP diluted earnings per share to be between $0.04 and $0.22, and non-GAAP diluted earnings per share to range from $0.20 to $0.35.
Veeco’s management remains optimistic about the company’s future, driven by its strategic focus on expanding its market presence and enhancing its product offerings in the semiconductor industry. The company continues to navigate the challenges and opportunities within the global market, aiming to sustain its technological leadership and financial performance.