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Sep 30, 2024
Veeco Q3 2024 Earnings Report
Reported solid third quarter results, led by record Semiconductor revenue.
Key Takeaways
Veeco Instruments Inc. announced financial results for the third quarter ended September 30, 2024. The company's revenue was $184.8 million, compared to $177.4 million in the same period last year. GAAP net income was $22.0 million, or $0.36 per diluted share, compared to $24.6 million, or $0.42 per diluted share in the same period last year. Non-GAAP net income was $28.3 million, or $0.46 per diluted share, compared to $31.0 million, or $0.53 per diluted share in the same period last year.
Revenue of $184.8 million, compared with $177.4 million in the same period last year
GAAP net income of $22.0 million, or $0.36 per diluted share, compared with $24.6 million, or $0.42 per diluted share in the same period last year
Non-GAAP net income of $28.3 million, or $0.46 per diluted share, compared with $31.0 million, or $0.53 per diluted share in the same period last year
Semiconductor business grew 26% year-over-year and 13% sequentially
Forward Guidance
Veeco’s fourth quarter 2024 guidance: Revenue is expected in the range of $165 million to $185 million, GAAP diluted earnings per share are expected in the range of $0.18 to $0.27, and Non-GAAP diluted earnings per share are expected in the range of $0.35 to $0.45.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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