Veeco Q2 revenue $161.6M, GAAP net loss $85.3M from debt refinancing, Non-GAAP EPS $0.36

VEECO INSTRUMENTS INC

2023-Q2 EPS reported -$1.48 revenue$315,145,000

Revenue $161.6M vs $164.0M YoY; record Semiconductor revenue.
GAAP net loss $85.3M ($1.61 loss per share) includes $97.1M loss on debt refinancing.
Non-GAAP net income $20.6M, $0.36 EPS, compared to $20.0M, $0.35 YoY.
Q3 guidance: revenue $155–$175M, Non-GAAP EPS $0.30–$0.40.
CEO highlights Laser Annealing growth strategy in advanced node logic/memory for HPC/AI.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VEECO INSTRUMENTS INC reported the quarter ended June 30, 2023 results: revenue $161.6 million, net income GAAP net loss of $85.3 million, or $1.61 loss per diluted share, EPS Non-GAAP net income of $20.6 million, or $0.36 per diluted share. Guidance initiated.

Period: the quarter ended June 30, 2023
Revenue: $161.6 million
Net income: GAAP net loss of $85.3 million, or $1.61 loss per diluted share
EPS: Non-GAAP net income of $20.6 million, or $0.36 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

report. --- EX-99.1 (EX-99.1) --- VEECO REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS WITH RECORD SEMICONDUCTOR REVENUE 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

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Source: SEC EDGAR

accession 0001558370-23-013597

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