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Mar 31, 2025
Veeco Q1 2025 Earnings Report
Veeco reported its financial results for the first quarter ended March 31, 2025.
Key Takeaways
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.
First quarter 2025 revenue was $167.3 million, a decrease from $174.5 million in the same period last year.
GAAP net income for Q1 2025 was $11.9 million ($0.20 per diluted share), down from $21.9 million ($0.37 per diluted share) in Q1 2024.
Non-GAAP net income for Q1 2025 was $22.2 million ($0.37 per diluted share), compared to $26.4 million ($0.45 per diluted share) in Q1 2024.
The Semiconductor business experienced growth in Q1 2025, driven by Advanced Packaging.
Forward Guidance
For the second quarter of 2025, Veeco expects revenue between $135 million and $165 million. GAAP diluted earnings per share are projected between ($0.05) and $0.17, and non-GAAP diluted earnings per share are expected between $0.12 and $0.32.
Positive Outlook
- Guidance provided for Q2 2025.
- Non-GAAP diluted EPS is expected to be positive.
- Revenue guidance range provided.
Challenges Ahead
- GAAP diluted EPS guidance includes a potential loss.
- Revenue guidance midpoint is lower than Q1 2025 revenue.
- Operating income guidance range is wide.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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