Veeco Instruments Q2 revenue beats analyst expectations

Veeco Instruments

06/08/2025 21:13

Overview

Veeco Q2 2025 revenue of $166.1 mln beats analyst expectations, per LSEG data

Adjusted net income for Q2 2025 beats analyst estimates, per LSEG data

Company's Q3 2025 revenue guidance indicates potential decrease from Q2 2025

Outlook

Veeco expects Q3 revenue between $150 mln and $170 mln

Veeco sees Q3 GAAP EPS between $0.04 and $0.22

Veeco forecasts Q3 non-GAAP EPS between $0.20 and $0.35

Result Drivers

TECHNOLOGY EXPANSION - Veeco attributes strong Q2 results to the rapid expansion of High-Performance Computing and AI technologies, according to CEO Bill Miller

SYSTEM SHIPMENTS - Shipments of wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks drove performance, per CEO Bill Miller

REVENUE DECLINE - Revenue decreased to $166.1 mln from $175.9 mln in the same period last year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$166.10 mln
$151.20 mln (7 Analysts)
Q2 EPS
$0.2
Q2 Adjusted Net Income
Beat
$21.50 mln
$13.20 mln (5 Analysts)
Q2 Net Income
$11.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for Veeco Instruments Inc is $29.00, about 31.2% above its August 5 closing price of $19.94

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX2s4dF4

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)