Veeco updates Q4 guidance
Q4 quarter revenue guidance is now up to $165 to $175 million
Veeco has updated its financial guidance for Q4 2023 and provided an initial 2024 outlook. The company expects revenue for Q4 2023 between $165 to $175 million, compared to prior guidance of $155 to $175 million.
Full year 2023 revenue is now expected in the range of $658 to $668 million. GAAP earnings per diluted share for Q4 2023 is expected to be between $0.27 and $0.32, while Non-GAAP diluted EPS is expected between $0.40 to $0.45, compared to prior guidance of $0.35 to $0.45(1). Full year 2023 GAAP diluted loss per share is expected in the range of $(0.70) to $(0.59), while Non-GAAP diluted earnings per share is expected in the range of $1.58 to $1.65(2).
Veeco’s initial 2024 outlook for revenue is between $680 to $740 million and Non-GAAP earnings per diluted share between $1.60 to $1.90.
