Veeco posts Q1 revenue $174.5M (+14% YoY); GAAP EPS $0.37, non-GAAP $0.45; guides Q2 revenue $165-185M

VEECO INSTRUMENTS INC

2024-Q1 EPS reported $0.37 revenue$174,484,000

Revenue $174.5M vs $153.5M YoY; GAAP net income $21.9M ($0.37 EPS) vs $8.7M ($0.17) YoY.
Non-GAAP net income $26.4M ($0.45 EPS) vs $16.9M ($0.30) YoY; results at high end of guidance.
Record Semiconductor revenue; multi-tool laser annealing order (incl. Nanosecond system) for 2nm GAA process.
Q2 2024 guidance: revenue $165-185M, GAAP EPS $0.22-0.33, non-GAAP EPS $0.38-0.48.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VEECO INSTRUMENTS INC reported the quarter ended March 31, 2024 results: revenue $174.5 million, net income $21.9 million, EPS $0.37 per diluted share. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $174.5 million
Net income: $21.9 million
EPS: $0.37 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

VEECO REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS First Quarter 2024 Highlights: ● Revenue of $174.5 million, compared with $153.5 million in the same period last year ● GAAP net income of $21.9 million, or $0.37 per diluted share, compared with $8.7 million, or $0.17 per diluted share in the same period last year

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Source: SEC EDGAR

accession 0001558370-24-007057

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