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Veeco Instruments Inc. (NASDAQ: VECO) is a prominent player in the process equipment technology sector. As a global leader, Veeco specializes in manufacturing and developing advanced thin-film process equipment. The company's innovative solutions are essential in the production of a wide array of electronic devices including LEDs, flexible OLED displays, power electronics, compound semiconductors, hard drives, MEMS, and wireless chips.
Veeco's product offerings are primarily categorized into markets such as lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market is particularly significant, contributing to over half of the company's total revenue.
Recent achievements underscore Veeco's strategic growth and innovation. The company has reported strong financial results, surpassing their guidance for both top and bottom lines. Major milestones include the introduction of the IBD300 System for advanced node applications in the semiconductor market and the shipment of the first Nanosecond Annealing system to a Tier 1 logic customer.
Veeco's CEO, Bill Miller, Ph.D., has highlighted the company’s successful expansion into the semiconductor market, emphasizing the delivery of multi-tool laser annealing orders and significant gains in market share. The company continues to drive innovation in energy efficiency and consumer electronics while enhancing productivity and reducing the cost of ownership for its customers.
Veeco operates a robust global presence with dedicated sales and service organizations across Asia, Europe, and North America. This worldwide network ensures comprehensive support for its diverse customer base.
For more information on Veeco Instruments Inc., including detailed product offerings and service support, please visit www.veeco.com.
Veeco Instruments (NASDAQ: VECO) has announced its participation in Morgan Stanley's Technology, Media, & Telecom Conference on March 3rd, 2025, at 6:20 PM ET. The event will take place at the Palace Hotel in San Francisco, CA, featuring a Fireside Chat with Veeco management.
The presentation will be accessible through a live webcast on Veeco's investor relations website (ir.veeco.com), with replay availability for at least two weeks following the event. Investors interested in personal meetings with management during the conference should arrange appointments through their Morgan Stanley representatives.
Veeco is a leading manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean, and lithography technologies. These solutions are important for fabricating and packaging advanced semiconductor devices, with a focus on optimizing performance, yield, and cost of ownership.
Veeco Instruments reported its Q4 and FY 2024 financial results. In Q4 2024, revenue increased to $182.1 million from $173.9 million year-over-year, while GAAP net income decreased to $15.0 million ($0.26 per share) from $21.6 million ($0.37 per share).
For full-year 2024, revenue grew to $717.3 million from $666.4 million in 2023. The company achieved GAAP net income of $73.7 million ($1.23 per share) compared to a net loss of $30.4 million in 2023. Non-GAAP net income reached $104.3 million ($1.74 per share).
Looking ahead to Q1 2025, Veeco expects revenue between $155-175 million and GAAP earnings per share of $0.11-0.22. The company's Semiconductor business outperformed WFE growth for the fourth consecutive year, with strong positioning in Laser Annealing, Ion Beam Deposition, and Advanced Packaging.
Veeco Instruments (NASDAQ: VECO) has announced the shipment of its NSA500™ Nanosecond Annealing system to a leading semiconductor company for 2-nanometer gate-all-around logic chips production in Q4 2024. The company reports that evaluation programs for the NSA500™ are progressing well with two other leading-edge customers, with multiple applications under consideration.
The next-generation annealing platform expands Veeco's opportunities in laser annealing for logic and memory applications, including precise shallow anneals for 3D devices, low thermal budget anneals, and material modification. The NSA500 system's key advantage lies in its ability to precisely anneal surface layers without damaging underlying devices, utilizing nanosecond-scale dwell times at high temperatures.
Veeco Instruments (NASDAQ: VECO) has scheduled the release of its fourth quarter 2024 financial results for Wednesday, February 12, 2025, after market close. The company will host a conference call at 5:00 PM ET on the same day to discuss the results.
Investors can join the call by dialing 1-877-407-8029 (toll-free) or 1-201-689-8029. A live webcast will be available on Veeco's investor relations website, with a replay accessible from 8:00 PM ET.
Veeco is a manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, CVD, MOCVD, single wafer etch & clean, and lithography technologies for advanced semiconductor device fabrication and packaging.
Veeco Instruments (NASDAQ: VECO) has updated its Q4 and full-year 2024 financial guidance. The company now expects Q4 2024 revenue between $175-185 million, up from previous guidance of $165-185 million, with full-year 2024 revenue projected at $710-720 million.
Q4 2024 GAAP earnings per share is expected between $0.09-0.28 (previously $0.18-0.27), while Non-GAAP EPS is projected at $0.36-0.44 (previously $0.35-0.45). Full-year 2024 GAAP EPS is estimated at $1.07-1.26, with Non-GAAP EPS at $1.69-1.76.
The guidance includes a Q4 2024 GAAP Net Income impact ranging from a $9 million expense to a $4 million benefit, related to underperforming Silicon Carbide Epitaxy technology acquired in 2023, including non-cash impairments of intangible assets and contingent consideration adjustments.
Veeco Instruments (NASDAQ: VECO) has announced its participation in the 27th Annual Needham Growth Conference on January 14, 2025, at 1:30 PM ET. The event will take place at the Lotte New York Palace Hotel in New York City.
The company's management will deliver a presentation, which will be broadcast live through Veeco's investor relations website at ir.veeco.com. A replay of the webcast will remain available for at least two weeks after the event. Additionally, management will be available for in-person meetings with investors during the conference, which can be arranged through Needham representatives.
Veeco is a manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean, and lithography technologies. These technologies are important for fabricating and packaging advanced semiconductor devices.
Veeco Instruments Inc. (NASDAQ: VECO) announced that PlayNitride, a MicroLED technology leader, has qualified Veeco's Lumina® MOCVD system for MicroLED production and ordered two systems for 2025 delivery. The qualification follows successful system evaluation for applications in wearables, TVs, transparent displays, and automotive.
The Lumina system, featuring Veeco's TurboDisc® technology, offers superior uniformity, brightness, defectivity control, and cost-effectiveness. The system supports high-throughput production with capabilities for depositing arsenic phosphide epitaxial layers on wafers up to eight inches in diameter, suitable for IR-LEDs, Edge-Emitting Lasers, VCSELs, and Solar Cells manufacturing.
Veeco Instruments (NASDAQ: VECO) has announced its participation in four major investor events in December 2024. The company will attend the UBS Global Technology Conference (Dec 3), Wells Fargo TMT Summit (Dec 4), Barclays Global Technology Conference (Dec 11), and Northland Growth Conference (Dec 12).
At the Barclays event, Veeco management will participate in a fireside chat at 6:40 PM EST, which will be webcast on ir.veeco.com. The company, a manufacturer of semiconductor process equipment, will offer one-on-one meetings with investors during these conferences.
Veeco Instruments (NASDAQ: VECO) has secured over $50 million in orders for its WaferStorm® system in 2024, with deliveries extending into first half of 2025. The orders are driven by AI-related Advanced Packaging demands from a leading foundry, HBM manufacturer, and OSATs. The company's Wet Processing business is experiencing year-over-year growth and expects continued expansion in 2025. The WaferStorm system, featuring proprietary ImmJET™ solvent technology, provides solutions for flux cleaning, photoresist strip, and other advanced packaging processes.
Veeco Instruments (NASDAQ: VECO) reported Q3 2024 financial results with revenue of $184.8 million, up from $177.4 million year-over-year. GAAP net income was $22.0 million ($0.36 per diluted share), compared to $24.6 million ($0.42 per diluted share) in Q3 2023. The Semiconductor business grew 26% year-over-year and 13% sequentially. For Q4 2024, Veeco expects revenue between $165-185 million, with GAAP EPS of $0.18-0.27 and non-GAAP EPS of $0.35-0.45.
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