Veeco Q3 revenue $177.4M, GAAP EPS $0.42, non-GAAP $0.53; Q4 guidance $155-175M

VEECO INSTRUMENTS INC

2023-Q3 EPS reported -$0.98 revenue$492,511,000

Revenue $177.4M in Q3 2023, up from $171.9M YoY; GAAP net income $24.6M vs $15.0M.
Non-GAAP diluted EPS $0.53, up from $0.45 YoY; GAAP diluted EPS $0.42 vs $0.27.
Shipped first Nanosecond Annealing system to Tier 1 logic customer for evaluation.
Q4 2023 guidance: revenue $155-175M, GAAP EPS $0.22-0.33, non-GAAP EPS $0.35-0.45.
Results exceeded high-end of company's guidance; CEO cites strong semiconductor market traction.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VEECO INSTRUMENTS INC reported third quarter ended September 30, 2023 results: revenue $177.4 million, net income $24.6 million, EPS $0.42 per diluted share. Guidance initiated.

Period: third quarter ended September 30, 2023
Revenue: $177.4 million
Net income: $24.6 million
EPS: $0.42 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Exhibit 99.1 and Exhibit 99.2 to this report. --- EX-99.1 (EX-99.1) --- VEECO REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS Third Quarter 2023 Highlights: ● Revenue of $177.4 million, compared with $171.9 million in the same period last year ● GAAP net income of $24.6 million, or $0.42 per diluted share, compared with $15.0 million, or $0.27 per diluted share

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Source: SEC EDGAR

accession 0001558370-23-017761

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