The earnings call presented a mix of strong financial performance and challenges. While the semiconductor segment showed significant growth, overall revenue experienced a year-over-year decline. Challenges included decreased revenue from China and increased costs due to tariffs. However, the company's strong financial metrics and cash position, along with growth in key regions and segments, indicate resilience and potential for future growth.

Company Guidance

During the fiscal call, Veeco provided guidance indicating strong financial performance, exceeding the high end of their guidance with revenue totaling $166 million and a non-GAAP EPS of $0.36. The semiconductor business showed robust growth, accounting for 75% of total revenue, driven by record revenue for advanced packaging systems and increased demand for ion beam deposition systems. The company projects potential SAM growth across various segments, with annealing SAM anticipated to grow to approximately $1.3 billion by 2029, and ion beam deposition SAM expected to reach $350 million for critical film performance by the same year. For Q3, Veeco expects revenue between $150 million and $170 million, with a gross margin of 40% to 42% and non-GAAP diluted EPS between $0.20 and $0.35. These projections consider global trade dynamics, including tariffs, which are estimated to impact gross margins by 100 basis points. Additionally, Veeco's strategic focus on AI and high-performance computing is expected to drive demand for their technologies, supporting significant growth potential beyond 2025.

Strong Financial Performance

Veeco delivered strong financial performance, exceeding the high end of guidance with revenue totaling $166 million, non-GAAP operating income of $23 million, and non-GAAP EPS of $0.36. The semiconductor business posted record revenue for advanced packaging systems, driven by growing demand from AI.

Growth in Semiconductor Segment

The semiconductor business grew 13% year-over-year, representing 75% of total revenue. Growth was led by strong performance in ion beam systems for EUV mask blanks, wet processing, and lithography systems for advanced packaging applications.

Revenue by Region

Revenue from the Asia Pacific region, excluding China, increased to 59%, led by sales in Taiwan and Southeast Asia for advanced packaging and ion beam deposition for EUV mask blanks.

Improved Gross Margin

Gross margin totaled approximately 43%, above the high end of guidance, with favorable impacts from higher volume and improved product mix.

Strong Cash Position

Veeco ended the quarter with cash and short-term investments of $355 million, a sequential increase from $353 million.

Veeco (VECO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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VECO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.28 / -	0.46	―	―	―
Aug 06, 2025	2025 (Q2)	0.23 / 0.36	0.42	-14.29% (-0.06)
May 07, 2025	2025 (Q1)	0.32 / 0.37	0.45	-17.78% (-0.08)
Feb 12, 2025	2024 (Q4)	0.40 / 0.41	0.51	-19.61% (-0.10)
Nov 06, 2024	2024 (Q3)	0.45 / 0.46	0.53	-13.21% (-0.07)
Aug 06, 2024	2024 (Q2)	0.43 / 0.42	0.36	16.67% (+0.06)
May 07, 2024	2024 (Q1)	0.41 / 0.45	0.3	50.00% (+0.15)
Feb 14, 2024	2023 (Q4)	0.42 / 0.51	0.38	34.21% (+0.13)
Nov 06, 2023	2023 (Q3)	0.37 / 0.53	0.45	17.78% (+0.08)
Aug 07, 2023	2023 (Q2)	0.30 / 0.36	0.35	2.86% (+0.01)

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
Aug 06, 2025	$19.94	$22.94	+15.05%
May 07, 2025	$18.89	$19.90	+5.35%
Feb 12, 2025	$23.64	$24.27	+2.66%
Nov 06, 2024	$30.10	$29.08	-3.39%

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 Nov 10, 2025, Before Open (Confirmed).

What is Veeco Instruments Inc. (VECO) earnings time?

Veeco Instruments Inc. (VECO) earnings time is at Nov 10, 2025, Before Open (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 (Q3) is 0.28.

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