Veeco Instruments

Veeco Instruments, Inc. engages in the development, manufacture, sale and support of semiconductor process equipment. Its technologies consists of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems. The company was founded in 1989 and is headquartered in Plainview, NY.

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Veeco Instruments excels in Q4, eyes growth in semiconductor markets

Veeco Instruments delivered strong financial performance in Q4 2022, exceeding revenue guidance and gross margin expectations.
The acquisition of Epiluvac and focus on semiconductor markets position Veeco for growth in high-demand segments.
Challenges in maintaining profitability and tax rate considerations are areas of focus for Veeco in navigating future quarters.
Opportunities lie in innovation, market penetration, and leveraging acquisitions for revenue synergies and expansion.

Veeco Instruments exceeds Q1 targets, eyes semiconductor market growth

Veeco Instruments delivered strong Q1 results, surpassing revenue and non-GAAP operating income targets, driven by semiconductor product revenue growth.
While facing challenges in the compound semiconductor market and industry headwinds, Veeco remains optimistic about growth opportunities in key market segments.
Strategic focus on customer relationships, revenue diversification, and cost management positions Veeco well for long-term success and achieving its 2023 financial targets.
Maintaining a healthy cash position and pursuing innovation are crucial for Veeco to navigate challenges and capitalize on emerging opportunities in the semiconductor industry.

Veeco Instruments surpasses Q2 expectations, eyes semiconductor growth and AI opportunities

Veeco Instruments reported strong Q2 performance, exceeding revenue and earnings guidance. With a focus on semiconductor growth, AI applications, and compound semiconductors, Veeco is poised for expansion. Challenges in the hard disk drive industry are being offset by backlog orders, while the company maintains a strong financial position.

Veeco Instruments beats Q3 revenue targets, eyes growth opportunities

Veeco Instruments exceeded revenue expectations in Q3 2023, demonstrating strength in key business segments. The company's emphasis on advanced technologies and strategic investments bodes well for future growth, despite potential challenges in meeting high revenue guidance and navigating competitive markets.

Veeco Instruments Achieves Record Revenue in 2023, Eyes Semiconductor Growth

Veeco Instruments had a strong 2023, with a focus on Semiconductor revenue growth and innovative product launches. While facing challenges in Q1 revenue decline and quantum computing revenue timeline, the company remains optimistic about its technology offerings. Veeco's strategic focus on key growth areas and converting evaluation systems into production orders positions it well for future success.

Veeco Instruments excels in Q1 2024, eyes growth in advanced semiconductor solutions

Veeco Instruments' strong Q1 performance, focus on expanding markets, and investment in new technologies position them for continued growth. While challenges like maintaining gross margin exist, opportunities in advanced semiconductor solutions offer potential for future success.

Veeco Instruments excels in Q2, eyes growth in semiconductor markets

Veeco Instruments delivered strong Q2 results driven by the semiconductor business. While facing challenges with customer deposits, the company remains focused on expanding its market presence and driving revenue growth. With a tightened 2024 revenue guidance and a positive outlook on key markets, Veeco is poised for continued success.

Veeco Instruments excels in Q3, eyes growth amid challenges

Veeco Instruments demonstrated strong financial performance in Q3 2024, particularly in the semiconductor sector.
While facing challenges in China revenue and data storage, the company is poised for growth in 2025.
Strategic focus on innovative technologies and revenue diversification presents promising opportunities.
Investors can be optimistic about Veeco's performance and future growth prospects.

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Veeco Instruments, Inc. engages in the development, manufacture, sale, and support of semiconductor process equipment. Its technologies consist of metal organic chemical vapor deposition, advanced packaging lithography, wet etch and clean, laser annealing, ion beam, molecular beam epitaxy, wafer inspection, and atomic layer deposition systems. The company was founded in 1989 and is headquartered in Plainview, NY.

Veeco has been executing better in its core business despite downturns in areas like hard drive capex, and recently won its first laser anneal business with a memory chip company. The company is targeting new growth opportunities in SiC epitaxy, nanosecond anneal, and ion beam deposition, and success here could generate hundreds of millions of incremental revenue dollars. Veeco's core business in laser anneal and MOCVD still offers attractive opportunities in areas like advanced logic circuits, photonics, microLEDs, and GaN/AsP chips.

Veeco Instruments: Opportunities Across The Board And Not Overvalued

Veeco Instruments, Inc. (NASDAQ:VECO ) Q2 2023 Earnings Conference Call August 7, 2023 5:00 PM ET Company Participants Anthony Pappone - Head of IR William Miller - CEO John Kiernan - CFO Conference Call Participants Tom O'Malley - Barclays Bank David Duley - Steelhead Securities Mark Miller - Benchmark Operator Greetings, and welcome to the Veeco Second Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Veeco Instruments, Inc. (VECO) Q2 2023 Earnings Call Transcript

Second Quarter 2023 Highlights: Revenue of $161.6 million, compared with $164.0 million in the same period last year GAAP net loss of $85.3 million, or $1.61 loss per diluted share, included a $97.1 million loss related to debt refinancing, compared with net income of $9.7 million, or $0.18 earnings per diluted share in the same period last year Non-GAAP net income of $20.6 million, or $0.36 per diluted share, compared with $20.0 million, or $0.35 per diluted share in the same period last year PLAINVIEW, N.Y., Aug. 07, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its second quarter ended June 30, 2023.

Veeco Reports Second Quarter 2023 Financial Results With Record Semiconductor Revenue

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What Makes Veeco Instruments (VECO) a Strong Momentum Stock: Buy Now?

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Here's Why Veeco Instruments (VECO) is a Great Momentum Stock to Buy

PLAINVIEW, N.Y., May 17, 2023 (GLOBE NEWSWIRE) --  Veeco Instruments Inc. (“Veeco”) (NASDAQ: VECO) announced today the pricing of a private offering of $205 million aggregate principal amount of 2.875% Convertible Senior Notes due 2029 (the “notes”). The notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Veeco also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $25.0 million aggregate principal amount of the notes. The closing of the offering is expected to occur on May 19, 2023, subject to customary closing conditions.

Veeco Announces Pricing of Private Offering of $205 Million of 2.875% Convertible Senior Notes

PLAINVIEW, N.Y., May 16, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (“Veeco”) (NASDAQ: VECO) announced today that it intends to offer, subject to market and other conditions, $200 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private offering. The notes will be offered only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Veeco also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $30.0 million aggregate principal amount of the notes.

Veeco Announces Proposed Private Offering of $200 Million of Convertible Senior Notes

Veeco Instruments, Inc. (NASDAQ:VECO ) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Anthony Pappone - Head, IR William Miller - CEO & Director John Kiernan - SVP & CFO Conference Call Participants Tom O'Malley - Barclays Bank Wei Mok - Oppenheimer Gus Richard - Northland Capital Markets David Duley - Steelhead Securities Operator Greetings. Welcome Veeco Instruments, Inc. First Quarter 2023 Earnings Call.

Veeco Instruments, Inc. (VECO) Q1 2023 Earnings Call Transcript

Veeco Instruments (VECO) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.38 per share a year ago.

Veeco Instruments (VECO) Tops Q1 Earnings and Revenue Estimates

First Quarter 2023 Highlights: Revenues of $153.5 million, compared with $156.4 million in the same period last year GAAP net income of $8.7 million, or $0.17 per diluted share, compared with $13.3 million, or $0.24 per diluted share in the same period last year Non-GAAP net income of $16.9 million, or $0.30 per diluted share, compared with $21.7 million, or $0.38 per diluted share in the same period last year PLAINVIEW, N.Y., May 08, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its first quarter ended March 31, 2023.

Veeco Reports First Quarter 2023 Financial Results

Orders From Both Memory and Logic Device Manufacturers Demonstrate Continued Execution of Veeco's Strategy to Expand Its Served Available Market. Orders From Both Memory and Logic Device Manufacturers Demonstrate Continued Execution of Veeco's Strategy to Expand Its Served Available Market.

World-Leading Semiconductor Manufacturers Place Multiple Orders For Veeco's Laser Spike Annealing Platform

Report Highlights Ongoing Commitment to Environmental, Social and Governance Goals Report Highlights Ongoing Commitment to Environmental, Social and Governance Goals

Veeco Releases New Sustainability Report

Veeco Instruments Inc. (NASDAQ:VECO ) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Anthony Bencivenga - Head of Investor Relations Bill Miller - Chief Executive Officer John Kiernan - Chief Financial Officer Conference Call Participants Tom O'Malley - Barclays Gus Richard - Northland Dave Duley - Steelhead Securities Mark Miller - The Benchmark Company Wei Mok - Oppenheimer Operator Greetings and welcome to Veeco's Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen- only mode.

Veeco Instruments Inc. (VECO) Q4 2022 Earnings Call Transcript

Veeco (VECO) delivered earnings and revenue surprises of 8.57% and 4.47%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Veeco Instruments (VECO) Surpasses Q4 Earnings Estimates

Veeco Reports Fourth Quarter and Fiscal Year 2022 Financial Results

Veeco Instruments has turned the business around in recent years, as it has returned to structural growth and profitability. This is to be applauded as valuations remain not too demanding here, amidst a resilient performance in 2022.

Veeco Instruments: Semi Interesting Play

PLAINVIEW, N.Y., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that on January 31, 2023, it acquired Epiluvac AB, a privately held manufacturer of chemical vapor deposition (CVD) epitaxy systems that enable advanced silicon carbide (SiC) applications in the electric vehicle market. Epiluvac, based in Sweden, was founded in 2013 by a highly experienced team in SiC.   Epiluvac's technology platform combined with Veeco's global go-to-market capabilities create a significant long-term growth driver for Veeco.

Veeco Acquires Epiluvac AB to Accelerate Penetration Into High Growth Silicon Carbide Epitaxy Equipment Market

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Veeco Instruments had a difficult time in 2022, but 2023 has been better thus far, with a couple of positive developments to note. There are also less than welcome developments for Veeco Instruments to be noted, which could offset the positives.

Veeco Instruments Seems To Have Broken Through

PLAINVIEW, N.Y., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full-year 2022 financial results after the market closes on Wednesday, February 15, 2023. The company will host a conference call to review these results starting at 5:00pm ET that day.

Veeco Announces Date for Fourth Quarter and Full-Year 2022 Financial Results and Conference Call

PLAINVIEW, N.Y., Dec. 27, 2022 (GLOBE NEWSWIRE) -- Veeco management will be on site to present and meet with investors at the Lotte New York Palace Hotel in New York City, NY. An earlier press release indicated Veeco's participation would be virtual.

CORRECTION -- Veeco Announces Upcoming Investor Event

PLAINVIEW, N.Y., Nov. 21, 2022 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) recently announced the appointment of Lena Nicolaides, Ph.D., to its Board of Directors. In addition to her vast industry experience and leadership qualities, Dr. Nicolaides was identified through a search process in connection with the Board's desire for increased diversity.

Veeco Appoints Dr. Lena Nicolaides to Its Board of Directors

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