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Veeco Instruments Inc. (Nasdaq: VECO) reported strong financial results for the first quarter of 2024, with revenue reaching $174.5 million, GAAP net income of $21.9 million, and non-GAAP net income of $26.4 million. The company's CEO, Bill Miller, highlighted record quarterly Semiconductor revenue and a significant order for a multi-tool laser annealing system. Veeco provided guidance for the second quarter of 2024, expecting revenue between $165 million to $185 million and diluted earnings per share in the range of $0.22 to $0.33 for GAAP and $0.38 to $0.48 for non-GAAP.
Veeco Instruments Inc. announced that a leading edge semiconductor company has placed an order for multiple laser annealing systems to speed up the design and manufacturing of 2-nanometer gate-all-around logic semiconductor chips. The order includes LSA201™ Laser Spike Annealing Systems and an NSA500™ Nanosecond Annealing System, chosen for high volume production. These systems are important for next-generation gate-all-around logic device production, meeting demand in markets like artificial intelligence.