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Jun 30, 2021
Veeco Q2 2021 Earnings Report
Reported a solid performance in Q2 2021 with revenue and EPS at the high end of guidance range.
Key Takeaways
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.
Revenues of $146.3 million, compared with $98.6 million in the same period last year
GAAP net income of $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 of $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
Sales were driven primarily by shipments to our Semiconductor and Data Storage customers.
Forward Guidance
For the third quarter 2021, Veeco expects revenue in the range of $135 million to $155 million, GAAP diluted earnings per share in the range of $0.02 to $0.20, and non-GAAP diluted earnings per share in the range of $0.25 to $0.44.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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