Veeco Instruments Inc

VECO

Equity

ISIN null / Valor 325908

NASDAQ (2025-11-18)

USD 27.39-4.03%

Veeco Instruments Inc
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About company

Veeco Instruments Inc. is a technology company specializing in the development and manufacturing of advanced semiconductor process equipment. The company provides a range of products including GaN and As/P MOCVD systems, which are used in applications such as displays, 3D sensing, LiDAR, micro LED displays, and optical data communications. Veeco is also a leader in lithography systems, addressing the challenges of device node shrinking down to 3nm. Additionally, the company offers atomic layer deposition tools for precise and uniform layer application, and epitaxial growth systems for SiC using Chemical Vapor Deposition (CVD). Veeco's Physical Vapor Deposition Systems are designed for thin film deposition applications, offering flexibility, advanced process capabilities, and high uniformity. The company supports its products with a global service network, ensuring maximum uptime and productivity for its customers.

Summarized from source with an LLMView SourceSector: Technology

Fourth Quarter 2024 Performance

In the fourth quarter of 2024, Veeco Instruments Inc. achieved revenue of $182.1 million, up from $173.9 million in the same period last year. GAAP net income was $15.0 million, compared to $21.6 million in Q4 2023. On a Non-GAAP basis, net income was $24.2 million, slightly lower than the $29.8 million reported in the fourth quarter of 2023.

Fiscal Year 2024 Highlights

For the fiscal year 2024, Veeco reported total revenue of $717.3 million, an increase from $666.4 million in 2023. The company recorded a GAAP net income of $73.7 million, a significant improvement from a GAAP net loss of $30.4 million in the previous year. Non-GAAP net income for the year reached $104.3 million, up from $98.3 million in 2023, underscoring Veeco's enhanced profitability and strategic growth initiatives.

Summarized from source with an LLMView Source

Key figures

4.46%1Y

39.5%3Y

74.0%5Y

Performance

45.9%1Y

40.9%3Y

41.3%5Y

Volatility