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Dec 31, 2020
Veeco Q4 2020 Earnings Report
Veeco reported solid Q4 2020 results driven by system sales in support of semiconductor advanced-node manufacturing and compound semiconductor system sales for 5G RF applications.
Key Takeaways
Veeco Instruments Inc. reported fourth quarter revenues of $138.9 million and a GAAP net loss of $0.1 million, or $(0.00) per diluted share. Non-GAAP net income was $15.0 million, or $0.30 per diluted share.
Revenues of $138.9 million, compared with $113.2 million in the same period last year
GAAP net loss of $0.1 million, or $(0.00) per diluted share, compared with a loss of $32.9 million, or $0.69 loss per diluted share in the same period last year
Non-GAAP net income of $15.0 million, or $0.30 per diluted share, compared with $5.4 million, or $0.11 per diluted share in the same period last year
Year-over-year financial performance dramatically improved in 2020
Forward Guidance
Veeco provided guidance for the first quarter 2021, expecting revenue in the range of $115 million to $135 million and non-GAAP diluted earnings per share in the range of $0.12 to $0.30.
Positive Outlook
- Revenue is expected in the range of $115 million to $135 million
- Non-GAAP diluted earnings per share are expected in the range of $0.12 to $0.30
Challenges Ahead
- GAAP diluted earnings (loss) per share are expected in the range of $(0.09) to $0.09
Historical Earnings Impact
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Avg. Return Before/After Earnings
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