Veeco Instruments Inc. reported third quarter 2025 revenue of $165.9 million, down from $184.8 million in the same period last year. GAAP net income was $10.6 million, or $0.17 per diluted share, compared to $22.0 million, or $0.36 per diluted share, a year ago. Non-GAAP net income was $21.8 million, or $0.36 per diluted share, versus $28.3 million, or $0.46 per diluted share, in the prior year period. The company highlighted continued momentum in the semiconductor market, especially in AI and High-Performance Computing, and reported multiple orders for its 300mm Gallium Nitride single wafer and Arsenide Phosphide batch systems. Veeco also noted the pending merger with Axcelis. For the fourth quarter of 2025, Veeco expects revenue between $155 million and $175 million, GAAP diluted earnings (loss) per share between ($0.07) and $0.05, and non-GAAP diluted earnings per share between $0.16 and $0.32.