Veeco Instruments Inc. announced its Q3 2023 financial results, reporting revenue of $177.4 million and GAAP net income of $24.6 million, or $0.42 per diluted share. Non-GAAP net income was $31.0 million, or $0.53 per diluted share.
Revenue reached $177.4 million, up from $171.9 million in the same period last year.
GAAP net income was $24.6 million, or $0.42 per diluted share, compared to $15.0 million, or $0.27 per diluted share last year.
Non-GAAP net income amounted to $31.0 million, or $0.53 per diluted share, versus $26.0 million, or $0.45 per diluted share in the prior year.
The company shipped its first Nanosecond Annealing system to a Tier 1 logic customer for evaluation.
Veeco provided guidance for the fourth quarter of 2023, with revenue expected in the range of $155 million to $175 million. GAAP diluted earnings per share are projected to be between $0.22 and $0.33, while non-GAAP diluted earnings per share are expected to range from $0.35 to $0.45.
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