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) will release its third quarter 2021 financial results on November 2, 2021, after market close. A conference call to discuss these results is scheduled for 5:00 PM ET on the same day. Interested parties can join the call by dialing 1-800-437-2398 or via a live webcast on the investor relations section of Veeco's website. The company specializes in manufacturing semiconductor process equipment and holds leading technology positions in its markets.
Paystand appoints Scott Bennion as its first Chief Financial Officer to enhance its financial leadership. Bennion, a SaaS and fintech veteran, previously led Sage Intacct and Recurly, and joins after Paystand's successful $50MM Series C financing. The company's payment volume has surpassed $2B with a workforce growth exceeding 100% in the past year. Paystand aims to revolutionize B2B payments using blockchain technology, offering zero transaction fees and expanding its impact on finance teams across 250,000 businesses.
Veeco Instruments (NASDAQ: VECO) will host a virtual analyst event on September 9, 2021, at 10:00 AM ET. The event aims to present a comprehensive growth strategy, end-market overview, and financial model from its executive leadership team. The session will last around two hours, with a live video webcast available on Veeco's Investor Relations website. Participants are encouraged to pre-register for the event. Following the presentation, a replay will be accessible from the same site.
Veeco Instruments Inc. (NASDAQ: VECO) has appointed Sujeet Chand, Ph.D., to its Board of Directors to enhance board diversity and leadership. Dr. Chand, 63, brings over 30 years of technology leadership, currently serving as Senior VP and CTO of Rockwell Automation. His experience includes key roles at XAP Corporation and Rockwell Scientific Company. CEO William J. Miller emphasized that Dr. Chand's unique background will foster innovation and creativity, benefitting shareholders. Veeco specializes in semiconductor process equipment, enhancing performance and cost efficiency.
Veeco Instruments Inc. (NASDAQ: VECO) announced that its management will present at the Oppenheimer Technology Internet & Communications Conference on August 11, 2021, at 9:55 AM EDT. The presentation will be available via live broadcast and can be accessed on Veeco's investor relations website. A replay will be available for at least two weeks following the event. Additionally, management will hold one-on-one meetings with investors during the conference, requiring interested parties to contact their Oppenheimer representative to arrange a meeting.
Veeco Instruments reported solid financial results for Q2 2021, achieving revenues of $146.3 million, up from $98.6 million year-over-year. The company posted a GAAP net income of $6.3 million, a significant turnaround from a loss of $8.3 million in Q2 2020. Non-GAAP net income also rose to $17.9 million compared to $5.5 million last year. Looking ahead, Veeco anticipates Q3 revenues between $135 million and $155 million and EPS guidance in the range of $0.02 to $0.20 (GAAP).
Veeco Instruments Inc. (NASDAQ: VECO) will announce its second quarter 2021 financial results after market close on August 3, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET. Participants can join by calling 1-866-248-8441 or via a live webcast at ir.veeco.com. Veeco, an innovative manufacturer of semiconductor process equipment, focuses on technologies integral to the fabrication of advanced semiconductor devices.
Veeco Instruments Inc (NASDAQ: VECO) announced a multi-system order for its AP300™ Lithography System from a leading semiconductor assembly and testing company. This order supports the production of advanced packaging chips to meet rising demand for 5G and high-performance computing applications. The AP300 systems were chosen for their exceptional uptime, performance, and lower total cost of ownership, reflecting increasing market demand for Veeco's lithography solutions.
Veeco Instruments (NASDAQ: VECO) has announced its participation in multiple upcoming virtual investor events. These include the Oppenheimer 6th Annual Emerging Growth Conference on May 11, 2021, Cowen Annual Technology, Media & Telecom Conference on June 1, and the Stifel 2021 Cross Sector Insight Conference on June 9, where management will present at 12:00 PM ET. Additionally, Veeco will participate in the CEO Investor Summit on June 15. Interested investors can request one-on-one meetings via respective conference representatives. For more details, visit Veeco's investor relations page.
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