Loading...
•
Sep 30, 2025
Veeco Q3 2025 Earnings Report
Veeco reported its third quarter 2025 financial results, with revenue of $165.9 million and GAAP net income of $10.6 million.
Key Takeaways
Veeco reported a decrease in revenue and net income for the third quarter of 2025 compared to the same period last year. Despite the decline, the company highlighted strong financial results driven by momentum in the semiconductor market, particularly in AI and High-Performance Computing, and new product traction in its MOCVD business. The pending merger with Axcelis is also a significant strategic move to expand technology and market opportunities.
Revenue for Q3 2025 was $165.9 million, a decrease from $184.8 million in Q3 2024.
GAAP net income for Q3 2025 was $10.6 million, or $0.17 per diluted share, down from $22.0 million, or $0.36 per diluted share, in Q3 2024.
Non-GAAP net income for Q3 2025 was $21.8 million, or $0.36 per diluted share, compared to $28.3 million, or $0.46 per diluted share, in Q3 2024.
The company is experiencing continued momentum in the semiconductor market, driven by AI and High-Performance Computing, and has secured multiple orders for new MOCVD products.
Forward Guidance
For the fourth quarter of 2025, Veeco expects revenue to be between $155 million and $175 million. GAAP diluted earnings per share are projected to range from ($0.07) to $0.05, while Non-GAAP diluted earnings per share are expected to be between $0.16 and $0.32.
Positive Outlook
- Anticipated revenue for Q4 2025 is between $155 million and $175 million.
- Non-GAAP diluted EPS is expected to be positive, ranging from $0.16 to $0.32.
- The company's strategic combination with Axcelis is expected to expand technology and market opportunities.
- Continued momentum in the semiconductor market, driven by AI and High-Performance Computing, is expected to support future performance.
- New product traction in the MOCVD business, with multiple orders for 300mm Gallium Nitride single wafer and Arsenide Phosphide batch systems, indicates future growth potential.
Challenges Ahead
- GAAP diluted EPS for Q4 2025 is projected to potentially be negative, ranging from ($0.07) to $0.05.
- The lower end of the revenue guidance for Q4 2025 ($155 million) is below the current quarter's revenue.
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...