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Mar 31, 2021
Veeco Q1 2021 Earnings Report
Reported solid first quarter results with improved revenue and profitability year-on-year.
Key Takeaways
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.
Revenues of $133.7 million, compared with $104.5 million in the same period last year
GAAP net income of $2.5 million, or $0.05 per diluted share, compared with a loss of $0.6 million, or $0.01 loss per diluted share in the same period last year
Non-GAAP net income of $12.6 million, or $0.25 per diluted share, compared with $10.9 million, or $0.22 per diluted share in the same period last year
Revenue in the quarter was driven by semiconductor and data storage products
Forward Guidance
Veeco’s second quarter 2021 revenue is expected in the range of $125 million to $145 million. GAAP diluted earnings (loss) per share are expected in the range of $(0.06) to $0.11 and Non-GAAP diluted earnings per share are expected in the range of $0.17 to $0.35.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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