Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Veeco Instruments Inc. (VECO)
NASDAQ:VECO
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 6.85%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
Veeco's earnings call highlighted strong growth in their semiconductor business and advanced packaging, as well as strategic milestones and improved financial performance. However, challenges were noted in the data storage segment, the China market, and gross margin pressure due to product mix changes. While there are significant growth opportunities, particularly in advanced packaging and AI, these are tempered by the anticipated decline in specific segments and markets.Company Guidance
During the Veeco Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided detailed guidance and insights for 2025. Veeco anticipates full-year 2025 revenue to be impacted by a decline in China, comprising 25-30% of the first half revenue, and a $60-70 million decrease in data storage revenue. However, growth is expected in the semiconductor segment, driven by a doubling of revenue from advanced packaging and gate-all-around technologies. The company projects a 20% increase in AI-related revenue, while maintaining robust high-bandwidth memory shipments. Veeco's total revenue for 2024 was $717 million, up 8% year-over-year, with semiconductor revenue of $467 million, up 13%. Non-GAAP operating income increased 6% to $116 million, and diluted EPS grew to $1.74. The company expects Q1 2025 revenue between $155 million and $175 million, with a gross margin of approximately 42%.Record Semiconductor Revenue
Veeco's semiconductor business reached a record revenue of $467 million in 2024, marking a 13% year-over-year growth and comprising 65% of total revenue.
Growth in Advanced Packaging
Strong growth in advanced packaging driven by wet processing systems, with expectations for this segment to double in 2025.
Successful Strategic Milestones
Shipped LSA systems to leading-edge semiconductor companies for high-volume production of 2-nanometer logic chips and received positive feedback from a Tier 1 power device customer.
Expansion in AI and High-Performance Computing
AI revenue expected to grow to 20% or more of total revenue in 2025, from approximately 10% in 2024.
Improved Financial Performance
Non-GAAP operating income grew 6% to $116 million, and diluted non-GAAP EPS increased to $1.74.
---
VECO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
VECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $23.64 | $24.27 | +2.66% |
| Nov 06, 2024 | $30.10 | $29.08 | -3.39% |
| Aug 06, 2024 | $35.12 | $32.92 | -6.26% |
| May 07, 2024 | $37.49 | $39.29 | +4.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Veeco Instruments Inc. (VECO) report earnings?
Veeco Instruments Inc. (VECO) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Veeco Instruments Inc. (VECO) earnings time?
Veeco Instruments Inc. (VECO) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VECO EPS forecast?
VECO EPS forecast for the fiscal quarter 2025 (Q1) is 0.32.
---