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.
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.
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