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Veeco Instrs Inc Del - VECO STOCK NEWS

Welcome to our dedicated page for Veeco Instrs Del news (Ticker: VECO), a resource for investors and traders seeking the latest updates and insights on Veeco Instrs Del 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.

News

Veeco Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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Veeco Instruments Inc. announced financial results for Q4 2023 and FY 2023, with revenue of $173.9 million in Q4 and $666.4 million for the year. GAAP net income was $21.6 million in Q4, while non-GAAP net income was $29.8 million. For FY 2023, GAAP net loss was $30.4 million, including a loss related to debt refinancing, and non-GAAP net income was $98.3 million. The CEO highlighted the Semiconductor business's performance and future growth prospects. Guidance for Q1 2024 includes revenue in the range of $160 million to $180 million.
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Veeco Announces Date for Fourth Quarter and Full-Year 2023 Financial Results and Conference Call

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Veeco Instruments Inc. (NASDAQ: VECO) will release its Q4 and full-year 2023 financial results on February 14, 2024. A conference call will be held at 5:00pm ET on the same day to review the results. Participants can join the call by dialing 1-877-407-8029 or accessing the live webcast on Veeco's investor relations website. A replay of the webcast will also be available on the company's website.
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Veeco Updates Fourth Quarter 2023 Guidance and Provides Initial 2024 Outlook

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Veeco Instruments Inc. updates its fourth quarter revenue guidance to $165 to $175 million and Non-GAAP diluted EPS between $0.40 to $0.45 cents. The initial 2024 revenue outlook is $680 to $740 million with Non-GAAP diluted EPS outlook between $1.60 to $1.90. The company will participate at the 26th Annual Needham Growth Conference to discuss these updates.
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Veeco Announces Upcoming Investor Event

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Veeco Instruments Inc. (NASDAQ: VECO) management to present at the 26th Annual Needham Growth Conference. The presentation will be broadcast live and can be accessed on the investor relations section of Veeco's website at ir.veeco.com.
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Veeco Ships First 300mm Ion Beam Deposition System to Tier 1 Memory Customer

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Veeco Instruments Inc. (VECO) has shipped its first IBD300™ Ion Beam Deposition System to a Tier 1 memory customer for evaluation, introducing a new deposition technology for advanced node applications. The IBD300 System has proven to achieve up to twenty percent lower film resistivity compared to conventional sputter deposition technologies, enabling memory manufacturers to scale their devices to meet future performance requirements. Veeco plans to ship a second system to another Tier 1 customer and expects initial high volume manufacturing orders as early as late 2024 or 2025, providing a significant opportunity to expand the company’s served available market into the deposition space in front-end Semi applications.
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Veeco Announces Upcoming Investor Events

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Veeco Instruments Inc. (NASDAQ: VECO) to Participate in Investor Events, Including Wells Fargo 7th Annual TMT Summit, UBS Global Technology Conference, and Barclays Global Technology Conference. Management will also be at the 12th Annual NYC Summit, offering one-on-one meetings with investors. The fireside chat at the UBS conference will be webcasted on ir.veeco.com events page.
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Veeco Reports Third Quarter 2023 Financial Results

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Veeco Instruments Inc. reported strong financial results for Q3 2023, with revenue of $177.4 million, compared to $171.9 million in the same period last year. GAAP net income was $24.6 million, or $0.42 per diluted share, compared to $15.0 million, or $0.27 per diluted share in the same period last year. Non-GAAP net income was $31.0 million, or $0.53 per diluted share, compared to $26.0 million, or $0.45 per diluted share in the same period last year.
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Veeco Ships First Nanosecond Annealing System to a Tier 1 Logic Customer

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Veeco Instruments Inc. has introduced the NSA500 Nanosecond Annealing System, expanding its market to new laser annealing applications. The system offers precise annealing of surface layers without damaging the underlying device. Veeco plans to ship its second evaluation system to another Tier 1 customer soon, with potential for high-volume manufacturing orders in late 2024 or 2025.
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Veeco Reports Second Quarter 2023 Financial Results With Record Semiconductor Revenue

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Veeco Instruments Inc. reports second quarter 2023 financial results. Revenue was $161.6 million, compared to $164.0 million in the same period last year. GAAP net loss was $85.3 million, including a $97.1 million loss related to debt refinancing, compared to net income of $9.7 million in the same period last year. Non-GAAP net income was $20.6 million, compared to $20.0 million in the same period last year.
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Veeco Announces Upcoming Investor Events

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Veeco Instruments Inc. (NASDAQ: VECO) announced its participation in several upcoming investor events, including the Oppenheimer 26th Annual Technology, Internet & Communications Conference, Needham Virtual Semiconductor & SemiCap 1x1 Conference, Jefferies Semiconductor, IT Hardware & Communications Technology Summit, Citi's 2023 Global Technology Conference, Benchmark Tech/Media/Telecom (TMT) Conference, and Northland Capital Markets Institutional Investor Conference. Veeco management will be presenting virtually and available for one-on-one meetings with investors.
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FAQ

What is the current stock price of Veeco Instrs Del (VECO)?

The current stock price of Veeco Instrs Del (VECO) is $22.24 as of February 28, 2025.

What is the market cap of Veeco Instrs Del (VECO)?

The market cap of Veeco Instrs Del (VECO) is approximately 1.3B.

What does Veeco Instruments Inc. specialize in?

Veeco specializes in manufacturing and developing advanced thin-film process equipment used to produce various electronic devices including LEDs, OLEDs, power electronics, and semiconductors.

Which markets does Veeco serve?

Veeco serves markets such as lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage.

What recent innovations has Veeco introduced?

Recent innovations include the IBD300 System for advanced node applications and the first Nanosecond Annealing system shipped to a Tier 1 logic customer.

How does Veeco support its global customer base?

Veeco supports its global customer base through dedicated sales and service organizations located in Asia, Europe, and North America.

What is the significance of the lighting, display, and power electronics market for Veeco?

The lighting, display, and power electronics market is significant as it accounts for over half of Veeco's total revenue.

Who is the CEO of Veeco Instruments Inc.?

The CEO of Veeco Instruments Inc. is Bill Miller, Ph.D.

What are some of the key products of Veeco?

Key products include process equipment for LEDs, flexible OLED displays, power electronics, compound semiconductors, hard drives, and MEMS and wireless chips.

How has Veeco performed financially in recent quarters?

Veeco has reported strong financial results, exceeding guidance for both top and bottom lines, and achieving significant business wins.

How does Veeco contribute to innovation in electronics?

Veeco's high-performance systems drive innovation in energy efficiency, consumer electronics, and network storage, aiding customers in maximizing productivity and reducing costs.

Where can I find more information about Veeco Instruments Inc.?

More information about Veeco Instruments Inc. can be found on their website at www.veeco.com.
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Veeco Instrs Inc Del

Nasdaq:VECO

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VECO Stock Data

1.27B
56.03M
2.41%
108.45%
10.57%
Semiconductor Equipment & Materials
Special Industry Machinery, Nec
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United States
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