Loading...
•
Jun 30, 2024
Veeco Q2 2024 Earnings Report
Reported solid results, driven by the Semiconductor business and strong demand for Laser Annealing systems.
Key Takeaways
Veeco reported second-quarter revenue of $175.9 million, GAAP net income of $14.9 million, or $0.25 per diluted share, and non-GAAP net income of $25.4 million, or $0.42 per diluted share.
Revenue of $175.9 million, compared with $161.6 million in the same period last year.
GAAP net income of $14.9 million, or $0.25 per diluted share, compared with net loss of $85.3 million, or $1.61 loss per diluted share in the same period last year.
Non-GAAP net income of $25.4 million, or $0.42 per diluted share, compared with $20.6 million, or $0.36 per diluted share in the same period last year.
Demand for Laser Annealing systems remains strong, highlighted by record revenue during the quarter.
Forward Guidance
Veeco expects revenue between $170 million and $190 million, GAAP diluted earnings per share between $0.21 and $0.31, and non-GAAP diluted earnings per share between $0.39 and $0.49 for the third quarter of 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...