Veeco Q2 revenue $175.9M (+8.9% YoY), GAAP swing to profit $0.25 EPS, record Laser Annealing

VEECO INSTRUMENTS INC

2024-Q2 EPS reported $0.61 revenue$350,363,000

Revenue $175.9M, up from $161.6M in Q2 2023 (+8.9% YoY).
GAAP net income $14.9M ($0.25 EPS) vs net loss of $85.3M ($1.61 loss) a year ago.
Non-GAAP net income $25.4M ($0.42 EPS) vs $20.6M ($0.36 EPS) YoY.
Record Laser Annealing revenue; follow-on LSA orders for gate-all-around logic and Tier 1 DRAM expansion.
Q3 2024 guidance: revenue $170M-$190M, GAAP EPS $0.21-$0.31, Non-GAAP EPS $0.39-$0.49.

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