Welcome to our dedicated page for Veeco Instruments news (Ticker: VECO), a resource for investors and traders seeking the latest updates and insights on Veeco Instruments stock.
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 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.
Veeco Instruments Inc. (NASDAQ: VECO) has announced the date for its third quarter 2024 financial results release and conference call. The company will release its financial results after the market closes on Wednesday, November 6, 2024, followed by a conference call at 5:00 PM ET to review the results.
Investors can join the call by dialing 1-877-407-8029 (toll-free) or 1-201-689-8029. A live webcast will also be available on Veeco's investor relations website, with a replay accessible from 8:00 PM ET the same evening.
Veeco is described as an innovative manufacturer of semiconductor process equipment, specializing in various technologies important for fabricating and packaging advanced semiconductor devices.
Veeco Instruments Inc. (NASDAQ: VECO) has announced an agreement with IBM to explore advanced packaging applications using Veeco's WaferStorm® Wet Processing System. The system will be installed at the Albany NanoTech Complex, where IBM and partners conduct R&D in advanced packaging and chiplet technologies.
The WaferStorm system enables important hybrid bonding cleaning processes with low defectivity thresholds at 40nm and 60nm. It features ImmJET multi-wafer immersion and high-pressure spray technology, allowing multiple processes on one flexible platform that can handle various wafer sizes and thicknesses.
This collaboration demonstrates Veeco's commitment to partnering with leading device manufacturers in critical emerging technologies, including cloud and AI innovation. The WaferStorm system is widely used in advanced packaging, MEMS, RF, data storage, and photonics markets due to its flexibility and low cost of ownership.
Veeco Instruments Inc. (NASDAQ: VECO) has announced its participation in several upcoming investor events throughout August and September 2024. These include:
- Oppenheimer's 27th Annual Technology, Internet & Communications Conference (August 13)
- Needham's 5th Annual Virtual Semiconductor & SemiCap 1x1 Conference (August 22)
- Jefferies Semiconductor, IT Hardware & Communications Technology Summit (August 27)
- Evercore ISI Semiconductor, IT Hardware & Networking Conference (August 28)
- Citi's 2024 Global Technology Conference (September 4)
- Benchmark's 2024 Tech/Media/Telecom Conference (September 4)
Veeco management will be available for one-on-one meetings with investors during these events. The company is a leading manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, CVD, MOCVD, single wafer etch & clean, and lithography technologies.
Veeco Instruments Inc. (Nasdaq: VECO) reported strong second quarter 2024 financial results, with revenue increasing to $175.9 million from $161.6 million in the same period last year. The company achieved a significant turnaround in profitability, posting a GAAP net income of $14.9 million ($0.25 per diluted share), compared to a net loss of $85.3 million in Q2 2023. Non-GAAP net income also improved to $25.4 million ($0.42 per diluted share).
Veeco's Semiconductor business, particularly its Laser Annealing systems, drove the solid performance. The company received follow-on orders for advanced logic and DRAM processes. For Q3 2024, Veeco projects revenue between $170-$190 million and non-GAAP EPS of $0.39-$0.49.
Veeco Instruments Inc. (NASDAQ: VECO) has announced it will release its second quarter 2024 financial results after market close on Tuesday, August 6, 2024. The company will host a conference call to discuss these results at 5:00 PM ET on the same day. Investors can join the call by dialing 1-877-407-8029 (toll-free) or 1-201-689-8029, or access a live webcast through Veeco's investor relations website.
Veeco is a leading manufacturer of semiconductor process equipment, specializing in laser annealing, ion beam, CVD, MOCVD, single wafer etch & clean, and lithography technologies. Their equipment plays a important role in fabricating and packaging advanced semiconductor devices, focusing on optimizing performance, yield, and cost of ownership.
Veeco Instruments Inc. (NASDAQ: VECO) has announced their participation in upcoming investor events, including conferences in May, June, and virtually in June 2024. Veeco is known for manufacturing semiconductor process equipment and offers technologies like laser annealing, CVD, MOCVD, and lithography.
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