Veeco announces Q3 results
Veeco Instruments has announced financial results for its third quarter ended September 30, 2025.
Revenue was $165.9m, compared with $184.8m in the same period last year. GAAP net income was $10.6m, or $0.17 per diluted share, compared with $22.0m, or $0.36 per diluted share in the same period last year.
Non-GAAP net income was $21.8m, or $0.36 per diluted share, compared with $28.3m, or $0.46 per diluted share in the same period last year.
“Veeco’s strong financial results this quarter reflect continued momentum in the semiconductor market driven by AI and High-Performance Computing. We are also excited about new product traction in our MOCVD business. We have won multiple orders for our 300mm GaN single wafer and AsP batch systems,” said Bill Miller, Veeco’s CEO.
“Additionally, the pending merger with Axcelis marks a significant step to expand our technology and market opportunities to better serve our customers. We are looking forward to delivering on this strategic combination.”
Guidance and Outlook
For Veeco’s fourth quarter 2025, revenue is expected in the range of $155m to $175m. GAAP diluted earnings (loss) per share are expected in the range of ($0.07) to $0.05. Non-GAAP diluted earnings per share are expected in the range of $0.16 to $0.32
