Veeco Instruments Inc ( (VECO) ) has released its Q1 earnings. Here is a breakdown of the information Veeco Instruments Inc presented to its investors.
Veeco Instruments Inc., a leader in semiconductor process equipment, has reported its financial results for the first quarter of 2025, showcasing its role in advanced semiconductor device fabrication. The company, known for its innovative technologies such as laser annealing and ion beam, continues to hold a strong position in the semiconductor industry.
In the first quarter of 2025, Veeco Instruments reported a revenue of $167.3 million, a slight decrease from the $174.5 million reported in the same period last year. The company’s GAAP net income stood at $11.9 million, or $0.20 per diluted share, compared to $21.9 million, or $0.37 per diluted share, in the first quarter of 2024. Non-GAAP net income was $22.2 million, or $0.37 per diluted share, down from $26.4 million, or $0.45 per diluted share, in the previous year.
Key highlights from the quarter include Veeco’s recognition with Intel’s 2025 EPIC supplier award and new application wins in Laser Annealing and Wet Processing. These achievements underscore the company’s strategic focus on growth in its Semiconductor business, particularly in Advanced Packaging, which has shown both sequential and year-over-year growth.
Looking ahead, Veeco has provided guidance for the second quarter of 2025, with expected revenue ranging from $135 million to $165 million. The company anticipates GAAP diluted earnings per share to be between a loss of $0.05 and a profit of $0.17, while Non-GAAP diluted earnings per share are expected to range from $0.12 to $0.32. Veeco’s management remains confident in the company’s long-term strategy to generate shareholder value.