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Sep 30, 2021
Veeco Q3 2021 Earnings Report
Reported solid year-on-year and sequential growth with revenue and EPS at the high end of guidance.
Key Takeaways
Veeco reported Q3 2021 financial results with revenues of $150.2 million and GAAP net income of $9.0 million, or $0.17 per diluted share. Non-GAAP net income was $20.5 million, or $0.40 per diluted share. Record semiconductor sales drove the company's performance, supported by shipments of Laser Annealing and EUV mask blank systems.
Revenues of $150.2 million, compared with $112.1 million in the same period last year
GAAP net income of $9.0 million, or $0.17 per diluted share, compared with $0.6 million, or $0.01 per diluted share in the same period last year
Non-GAAP net income of $20.5 million, or $0.40 per diluted share, compared with $11.0 million, or $0.22 per diluted share in the same period last year
Cash flow from operations was the highest in several years demonstrating the effectiveness of our transformation
Forward Guidance
Veeco provided guidance for the fourth quarter 2021, expecting revenue in the range of $140 million to $160 million, GAAP diluted earnings per share in the range of $0.04 to $0.22, and Non-GAAP diluted earnings per share in the range of $0.27 to $0.45.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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