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Mar 31, 2022
Veeco Q1 2022 Earnings Report
Reported solid first quarter results with revenue growing 17% year-over-year.
Key Takeaways
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.
Revenues of $156.4 million, compared with $133.7 million in the same period last year
GAAP net income of $13.3 million, or $0.24 per diluted share, compared with $2.5 million, or $0.05 per diluted share in the same period last year
Non-GAAP net income of $21.7 million, or $0.38 per diluted share, compared with $12.6 million, or $0.25 per diluted share in the same period last year
Sales in both our Semiconductor and Compound Semiconductor markets increased 50% over the same time period.
Forward Guidance
Veeco provided guidance for the second quarter of 2022, expecting revenue in the range of $150 million to $170 million and GAAP diluted earnings per share in the range of $0.05 to $0.19. Non-GAAP diluted earnings per share are expected in the range of $0.22 to $0.34.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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