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Veeco Instruments Inc. (VECO)
NASDAQ:VECO
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -21.36%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in the semiconductor business and strategic advancements in key technologies, which are expected to drive future growth. However, challenges in the data storage market and the anticipated decline in China revenue present potential headwinds.Company Guidance
During the Q3 2024 earnings call for Veeco Instruments, the company provided guidance on various financial metrics and future expectations. Veeco reported a revenue of $185 million for the quarter, with a non-GAAP operating income of $31 million and a non-GAAP EPS of $0.46. The semiconductor business, a key driver, achieved record revenue, increasing by 26% year-over-year and 13% sequentially. Veeco highlighted a $50 million order for wet processing systems driven by AI, indicating growth into 2025. For Q4, the company expects revenue between $165 million and $185 million, with full-year 2024 revenue projected to be between $700 million and $720 million. The semiconductor segment is anticipated to grow by approximately 10% in 2024, outperforming wafer fab equipment (WFE) growth for the fourth consecutive year. Veeco also noted a potential decline in China revenue in 2025, offset by growth in AI and high-performance computing sectors. The company is optimistic about its strategic investments in core technologies, expecting to see long-term value creation for shareholders.Record Semiconductor Revenue
Veeco's semiconductor business delivered record revenue, increasing 26% year-over-year and 13% sequentially, driven by shipments to leading-edge customers and a strong AI-driven demand.
Advanced Packaging Growth
Orders over $50 million for wet processing systems in 2024 were placed, driven by AI, with expectations for continued growth into 2025.
Strategic Expansion in Key Technologies
The company is a market leader in laser annealing and ion beam deposition, with new wins and continued investments expected to drive growth in key semiconductor applications.
Positive Financial Performance
Q3 revenue was $185 million, above the midpoint of guidance, with a non-GAAP EPS of $0.46, and cash and short-term investments increased to $321 million.
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VECO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VECO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $30.10 | $29.08 | -3.39% |
| Aug 06, 2024 | $35.12 | $32.92 | -6.26% |
| May 07, 2024 | $37.49 | $39.29 | +4.80% |
| Feb 14, 2024 | $35.30 | $35.47 | +0.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Veeco Instruments Inc. (VECO) report earnings?
Veeco Instruments Inc. (VECO) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Veeco Instruments Inc. (VECO) earnings time?
Veeco Instruments Inc. (VECO) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VECO EPS forecast?
VECO EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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