Overview
Veeco Q3 revenue declines yr/yr but beats analyst expectations
Adjusted net income for Q3 beats analyst expectations
Company announces pending merger with Axcelis to expand technology and market opportunities
Outlook
Veeco expects Q4 2025 revenue between $155 mln and $175 mln
Company projects Q4 2025 GAAP EPS between -$0.07 and $0.05
Veeco forecasts Q4 2025 non-GAAP EPS between $0.16 and $0.32
Result Drivers
SEMICONDUCTOR MOMENTUM - Strong performance driven by AI and high-performance computing, according to CEO Bill Miller
MOCVD BUSINESS - New product traction in MOCVD business with multiple orders for 300mm Gallium Nitride and Arsenide Phosphide systems
PENDING MERGER - Pending merger with Axcelis to expand technology and market opportunities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $165.90 mln | $160.49 mln (5 Analysts) |
Q3 EPS | $0.17 | ||
Q3 Adjusted Net Income | Beat | $21.80 mln | $16.54 mln (3 Analysts) |
Q3 Net Income | $10.60 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"
Wall Street's median 12-month price target for Veeco Instruments Inc is $30.00, about 3.2% above its November 4 closing price of $29.04
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nGNX6jggYw
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)