Business
Veeco Reports First Quarter 2025 Financial Results
First Quarter 2025 Highlights: Revenue of $167.3 million, compared with $174.5 million in the same period last yearGAAP net income of $11.9 million, or $0.20
About this update from Veeco Instruments Inc.
[{"type":"text","content":"First Quarter 2025 Highlights: Revenue of $167.3 million, compared with $174.5 million in the same period last yearGAAP net income of $11.9 million, or $0.20 per diluted share, compared with $21.9 million, or $0.37 per diluted share in the same period last yearNon-GAAP net income of $22.2 million, or $0.37 per diluted share, compared with $26.4 million, or $0.45 per diluted share in the same period last year PLAINVIEW, N.Y., May 07, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its first quarter ended March 31, 2025. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release. U.S. Dollars in millions, except per share data GAAP Results Q1 '25 Q1 '24Revenue $167.3 $174.5 Net income $11.9 $21.9 Diluted earnings per share $0.20 $0.37 Non-GAAP Results Q1 '25 Q1 '24Operating income $24.3 $29.4 Net income $22.2 $26.4 Diluted earnings per share $0.37 $0.45 “Veeco delivered solid results during the first quarter, including sequential and year-over-year growth in our Semiconductor business driven by growth in Advanced Packaging,” commented Bill Miller, Ph.D., Veeco’s Chief Executive Officer. “In addition, Veeco shared several exciting announcements, including receipt of Intel’s 2025 EPIC supplier award, new application wins in Laser Annealing, and new application wins in Wet Processing. Each reflect our continued execution and confidence our long-term strategy can generate value for shareholders in the coming years.” Guidance and Outlook The following guidance is provided for Veeco’s second quarter 2025: Revenue is expected in the range of $135 million to $165 millionGAAP diluted earnings (loss) per share are expected in the range of ($0.05) to $0.17Non-GAAP diluted earnings per share are expected in the range of $0.12 to $0.32 Conference Call Information A conference call reviewing these results has been scheduled for today, May 7, 2025 starting at 5:00pm ET. To join the call, dial 1-877-407-8029 (toll-free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webca...