Veeco(US:VECO) Globenewswire·2025-11-05 21:05Core Insights - Veeco Instruments Inc. reported a decline in revenue and net income for Q3 2025 compared to Q3 2024, with revenue at $165.9 million, down from $184.8 million, and net income at $10.6 million, down from $22.0 million [2][5] - The company highlighted strong performance in the semiconductor market, driven by AI and High-Performance Computing, and noted new product traction in its MOCVD business [2][5] - A pending merger with Axcelis Technologies is expected to enhance technology and market opportunities for Veeco [2][5] Financial Performance - GAAP revenue for Q3 2025 was $165.9 million, a decrease of 10.4% from $184.8 million in Q3 2024 [2][5] - GAAP net income for Q3 2025 was $10.6 million, representing a 51.8% decline from $22.0 million in Q3 2024 [2][5] - Diluted earnings per share (EPS) for Q3 2025 were $0.17, down from $0.36 in Q3 2024 [2][5] - Non-GAAP net income for Q3 2025 was $21.8 million, compared to $28.3 million in Q3 2024, with diluted EPS at $0.36 versus $0.46 [2][5] Guidance and Outlook - For Q4 2025, Veeco expects revenue in the range of $155 million to $175 million [6] - GAAP diluted EPS is anticipated to be between ($0.07) and $0.05, while Non-GAAP diluted EPS is expected to range from $0.16 to $0.32 [6] Strategic Initiatives - The CEO emphasized the importance of the merger with Axcelis as a strategic move to expand technology and market opportunities [2][5] - The company has secured multiple orders for its 300mm Gallium Nitride single wafer and Arsenide Phosphide batch systems, indicating positive traction in its product offerings [2][5]