Veeco reported a decrease in revenue and net income for the third quarter of 2025 compared to the same period last year. Despite the decline, the company highlighted strong financial results driven by momentum in the semiconductor market, particularly in AI and High-Performance Computing, and new product traction in its MOCVD business. The pending merger with Axcelis is also a significant strategic move to expand technology and market opportunities.
Veeco reported a decline in revenue and net income for the second quarter of 2025 compared to the same period last year. Despite the overall decrease, the company emphasized strong performance driven by High-Performance Computing and AI technologies, specifically mentioning shipments of wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks.
Veeco reported solid results in the first quarter of 2025 with revenue of $167.3 million. GAAP net income was $11.9 million, or $0.20 per diluted share, and non-GAAP net income was $22.2 million, or $0.37 per diluted share. The Semiconductor business saw sequential and year-over-year growth driven by Advanced Packaging.
Veeco Instruments Inc. announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. The company reported a revenue of $182.1 million for Q4 2024, a slight increase from $173.9 million in Q4 2023. However, GAAP net income decreased to $15.0 million from $21.6 million in the prior year's quarter, and GAAP diluted EPS also saw a decline to $0.26 from $0.37.
Veeco Instruments Inc. announced financial results for the third quarter ended September 30, 2024. The company's revenue was $184.8 million, compared to $177.4 million in the same period last year. GAAP net income was $22.0 million, or $0.36 per diluted share, compared to $24.6 million, or $0.42 per diluted share in the same period last year. Non-GAAP net income was $28.3 million, or $0.46 per diluted share, compared to $31.0 million, or $0.53 per diluted share in the same period last year.
Veeco reported second-quarter revenue of $175.9 million, GAAP net income of $14.9 million, or $0.25 per diluted share, and non-GAAP net income of $25.4 million, or $0.42 per diluted share.
Veeco reported solid top and bottom line results in Q1 2024, with revenue toward the high-end of guidance, driven by record quarterly Semiconductor revenue. The company received a multi-tool laser annealing order from a leading-edge Semiconductor company for their 2 nanometer gate-all-around process.
Veeco reported Q4 2023 financial results with revenue of $173.9 million and GAAP net income of $21.6 million, or $0.37 per diluted share. Non-GAAP net income was $29.8 million, or $0.51 per diluted share.
Veeco Instruments Inc. announced its Q3 2023 financial results, reporting revenue of $177.4 million and GAAP net income of $24.6 million, or $0.42 per diluted share. Non-GAAP net income was $31.0 million, or $0.53 per diluted share.
Veeco reported a solid quarter with strong top and bottom-line Non-GAAP results. The company's performance was driven by record Semiconductor revenue, and they continue to execute their Laser Annealing growth strategy by winning new customers and applications.
Veeco Instruments Inc. reported financial results for the first quarter ended March 31, 2023. The company's revenue was $153.5 million, and the GAAP net income was $8.7 million, or $0.17 per diluted share. The non-GAAP net income was $16.9 million, or $0.30 per diluted share.
Veeco reported Q4 2022 revenue of $153.8 million and GAAP net income of $128.9 million, or $2.00 per diluted share. Non-GAAP net income was $21.9 million, or $0.38 per diluted share.
Veeco reported a revenue of $171.9 million, compared to $150.2 million in the same period last year. GAAP net income was $15.0 million, or $0.27 per diluted share, compared to $9.0 million, or $0.17 per diluted share in the same period last year. Non-GAAP net income was $26.0 million, or $0.45 per diluted share, compared to $20.5 million, or $0.40 per diluted share in the same period last year.
Veeco Instruments Inc. reported second quarter 2022 financial results with revenues of $164.0 million and GAAP net income of $9.7 million, or $0.18 per diluted share. Non-GAAP net income was $20.0 million, or $0.35 per diluted share.
Veeco Instruments Inc. announced its financial results for the first quarter ended March 31, 2022, with revenue of $156.4 million and GAAP net income of $13.3 million, or $0.24 per diluted share. Non-GAAP net income was $21.7 million, or $0.38 per diluted share.
Veeco Instruments Inc. announced its Q4 and Fiscal Year 2021 financial results, with Q4 revenues reaching $153.0 million compared to $138.9 million in the same period last year. GAAP net income was $8.2 million, or $0.15 per diluted share, compared to a net loss of $0.1 million, or $(0.00) per diluted share in the same period last year. Non-GAAP net income was $22.6 million, or $0.43 per diluted share, compared to $15.0 million, or $0.30 per diluted share in the same period last year.
Veeco reported Q3 2021 financial results with revenues of $150.2 million and GAAP net income of $9.0 million, or $0.17 per diluted share. Non-GAAP net income was $20.5 million, or $0.40 per diluted share. Record semiconductor sales drove the company's performance, supported by shipments of Laser Annealing and EUV mask blank systems.
Veeco Instruments Inc. reported financial results for its second quarter ended June 30, 2021. Revenues were $146.3 million, compared with $98.6 million in the same period last year. GAAP net income was $6.3 million, or $0.12 per diluted share, compared with a loss of $8.3 million, or $0.17 loss per diluted share in the same period last year. Non-GAAP net income was $17.9 million, or $0.35 per diluted share, compared with $5.5 million, or $0.11 per diluted share in the same period last year.
Veeco Instruments Inc. reported financial results for its first quarter ended March 31, 2021. The company's revenue was $133.7 million, compared to $104.5 million in the same period last year. GAAP net income was $2.5 million, or $0.05 per diluted share, compared to a loss of $0.6 million, or $0.01 loss per diluted share in the same period last year. Non-GAAP net income was $12.6 million, or $0.25 per diluted share, compared to $10.9 million, or $0.22 per diluted share in the same period last year.
Veeco Instruments Inc. reported fourth quarter revenues of $138.9 million and a GAAP net loss of $0.1 million, or $(0.00) per diluted share. Non-GAAP net income was $15.0 million, or $0.30 per diluted share.
Veeco reported Q3 2020 financial results with revenues of $112.1 million and GAAP net income of $0.6 million, or $0.01 per diluted share. Non-GAAP net income was $11.0 million, or $0.22 per diluted share.
Veeco reported first quarter 2020 financial results with revenues of $104.5 million, a GAAP net loss of $0.6 million, and a Non-GAAP net income of $10.9 million. The company's supply chain, manufacturing, and service operations have been successful in maintaining the ability to source materials, ship products, and provide support for customers with only minor disruptions.
Veeco Instruments Inc. announced financial results for the fourth quarter and fiscal year ended December 31, 2019. The company's revenue increased compared to the same period last year, but it reported a GAAP net loss. However, non-GAAP net income was positive.