Veeco Q3 rev down 10% YoY to $165.9M; GAAP EPS $0.17; non-GAAP $0.36; Q4 guide weak

VEECO INSTRUMENTS INC

2025-Q3 EPS reported $0.57 revenue$499,277,000

Revenue $165.9M vs $184.8M YoY; GAAP net income $10.6M ($0.17 diluted).
Non-GAAP net income $21.8M ($0.36 diluted), down from $28.3M ($0.46) YoY.
MOCVD business won multiple orders for 300mm GaN single wafer and arsenide phosphide batch systems.
Q4 2025 guidance: revenue $155-175M; GAAP EPS ($0.07)-$0.05; non-GAAP EPS $0.16-0.32.
Pending merger with Axcelis noted; CEO cites AI/HPC momentum and new product traction.

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