Revenue and Earnings Exceed Expectations
Q3 2025 revenue was $166 million, exceeding the midpoint of prior guidance of $160 million. Non-GAAP diluted EPS was $0.36, above the prior guidance midpoint of $0.28.
Merger with Axcelis Technologies
Veeco announced a definitive agreement to combine with Axcelis Technologies in an all-stock transaction, aiming to create a leading semiconductor equipment company with a combined served available market of over $5 billion on a pro forma 2024 basis.
Strong Demand in Semiconductor Technologies
Continued healthy demand in gate-all-around, high-bandwidth memory, and advanced packaging, driven by investments in AI and high-performance computing.
Significant Growth in Advanced Packaging
Orders for advanced packaging wet processing and lithography systems increased, driven by demand from AI-related markets.
Cash Position and Financial Foundation
Veeco ended the quarter with cash and short-term investments of $369 million, providing a strong operating profile and financial foundation.