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Jun 30, 2025
Veeco Q2 2025 Earnings Report
Veeco's Q2 2025 earnings report showed a decrease in revenue and net income compared to the previous year, but highlighted strong performance in High-Performance Computing and AI technologies.
Key Takeaways
Veeco reported a decline in revenue and net income for the second quarter of 2025 compared to the same period last year. Despite the overall decrease, the company emphasized strong performance driven by High-Performance Computing and AI technologies, specifically mentioning shipments of wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks.
Revenue for Q2 2025 was $166.1 million, a decrease from $175.9 million in Q2 2024.
GAAP net income for Q2 2025 was $11.7 million, or $0.20 per diluted share, down from $14.9 million, or $0.25 per diluted share in Q2 2024.
Non-GAAP net income was $21.5 million, or $0.36 per diluted share, compared to $25.4 million, or $0.42 per diluted share in the prior year.
The company's performance was bolstered by strong demand in High-Performance Computing and AI technologies, particularly in Advanced Packaging and EUV mask blanks.
Forward Guidance
For the third quarter of 2025, Veeco expects revenue to be between $150 million and $170 million. GAAP diluted earnings per share are projected to be in the range of $0.04 to $0.22, while Non-GAAP diluted earnings per share are expected to be between $0.20 and $0.35.
Positive Outlook
- Anticipated revenue range of $150 million to $170 million for Q3 2025.
- Non-GAAP diluted EPS guidance of $0.20 to $0.35 for Q3 2025.
- Continued focus on High-Performance Computing and AI technologies, which drove Q2 performance.
- Management's evaluation on key performance metrics including Non-GAAP Operating income.
- Commitment to providing transparency through Non-GAAP financial measures.
Challenges Ahead
- GAAP diluted EPS guidance for Q3 2025 is a wide range of $0.04 to $0.22, indicating potential variability.
- The lower end of the revenue guidance ($150 million) is below the current quarter's revenue.
- The lower end of the GAAP EPS guidance ($0.04) is significantly lower than the current quarter's GAAP EPS.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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