Veeco(US:VECO) Globenewswireยท2025-05-07 20:05Financial Performance - Veeco Instruments Inc. reported Q1 2025 revenue of $167.3 million, a decrease from $174.5 million in Q1 2024, representing a year-over-year decline of approximately 7.0% [2][4] - GAAP net income for Q1 2025 was $11.9 million, or $0.20 per diluted share, down from $21.9 million, or $0.37 per diluted share in Q1 2024, indicating a decline of about 45.4% in net income [2][4] - Non-GAAP net income for Q1 2025 was $22.2 million, or $0.37 per diluted share, compared to $26.4 million, or $0.45 per diluted share in Q1 2024, reflecting a decrease of approximately 16.0% [2][4] Business Highlights - The company experienced sequential and year-over-year growth in its Semiconductor business, driven by advancements in Advanced Packaging [2] - Veeco received Intel's 2025 EPIC supplier award and achieved new application wins in Laser Annealing and Wet Processing, showcasing its ongoing execution and confidence in its long-term strategy [2] Guidance and Outlook - For Q2 2025, Veeco expects revenue to be in the range of $135 million to $165 million [5] - GAAP diluted earnings per share are anticipated to range from a loss of $0.05 to a profit of $0.17, while Non-GAAP diluted earnings per share are expected to be between $0.12 and $0.32 [5]