Veeco Instruments Inc ( (VECO) ) has released its Q3 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 like laser annealing and metal organic chemical vapor deposition, playing a crucial role in the semiconductor industry. In its third quarter of 2025, Veeco reported a revenue of $165.9 million, a decrease from $184.8 million in the same quarter last year. The company’s GAAP net income also saw a decline, coming in at $10.6 million compared to $22.0 million in the previous year. Non-GAAP net income followed a similar trend, decreasing to $21.8 million from $28.3 million.
Veeco’s financial performance reflects ongoing momentum in the semiconductor market, driven by advancements in AI and high-performance computing. The company is also seeing positive traction in its MOCVD business, with multiple orders for its 300mm Gallium Nitride and Arsenide Phosphide systems. A significant strategic move is the pending merger with Axcelis, which is expected to expand Veeco’s technology and market opportunities.
Looking ahead, Veeco’s management has provided guidance for the fourth quarter of 2025, with expected revenue ranging from $155 million to $175 million. GAAP diluted earnings per share are anticipated to be between a loss of $0.07 and a gain of $0.05, while non-GAAP diluted earnings per share are projected to range from $0.16 to $0.32. The company remains focused on leveraging its strategic initiatives to drive growth and enhance shareholder value.