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Dec 31, 2023
Veeco Q4 2023 Earnings Report
Veeco's Q4 2023 earnings were reported, showing revenue growth and improved profitability.
Key Takeaways
Veeco reported Q4 2023 financial results with revenue of $173.9 million and GAAP net income of $21.6 million, or $0.37 per diluted share. Non-GAAP net income was $29.8 million, or $0.51 per diluted share.
Revenue reached $173.9 million, increasing compared to $153.8 million in the same period last year.
GAAP net income was $21.6 million, or $0.37 per diluted share, down from $128.9 million, or $2.00 per diluted share year-over-year.
Non-GAAP net income amounted to $29.8 million, or $0.51 per diluted share, up from $21.9 million, or $0.38 per diluted share year-over-year.
The Semiconductor business outperformed WFE growth for the 3rd consecutive year.
Forward Guidance
Veeco provided guidance for Q1 2024 with revenue expected in the range of $160 million to $180 million. GAAP diluted earnings per share are expected in the range of $0.22 to $0.33, and Non-GAAP diluted earnings per share are expected in the range of $0.36 to $0.46.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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