Veeco Instruments Q1 2023 Earnings Report

Veeco Instruments EPS Results

• Actual EPS: $0.18
• Consensus EPS: $0.12
• Beat/Miss: Beat by +$0.06
• One Year Ago EPS: N/A

Veeco Instruments Revenue Results

• Actual Revenue: $153.50 million
• Expected Revenue: $141.00 million
• Beat/Miss: Beat by +$12.50 million
• YoY Revenue Growth: N/A

Veeco Instruments Announcement Details

• Quarter: Q1 2023
• Date: 5/8/2023
• Time: N/A

Veeco Instruments (NASDAQ:VECO), together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.