Veeco Instruments Q3 2025 Financial Results Conference Call November 5th, 2025 Disclaimer No Offer or Solicitation This communication is not intended to and shall not constitute an offer to purchase or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdic ...

Q2 2025 Financial Performance - Revenue reached $166 million, exceeding the high-end of guidance[6] - Non-GAAP operating income was $23 million, also above guidance[6] - Non-GAAP EPS was $0.36, surpassing the high-end of guidance[6] - Semiconductor revenue remained stable at $124 million compared to Q1 2025[19] - Gross margin improved to 42.6% on a Non-GAAP basis[24] Market and Regional Revenue - Semiconductor market accounted for 75% of total revenue[18] - APAC region contributed 59% of total revenue, reaching $98 million[21, 22] - China's revenue decreased to $27 million[22] Forward Guidance - Q3 2025 revenue is projected to be between $150 million and $170 million[26] - Q3 2025 Non-GAAP diluted EPS is expected to be $0.20-$0.35[26] Strategic Focus - Veeco's technologies are critical for several semi manufacturing process steps[9] - The company sees opportunity to outperform WFE growth[11] - Increase in evaluations to enable penetration of key SAM growth opportunities[14]

Q1 2025 Performance - Revenue reached $167 million, exceeding the midpoint of guidance[7, 8] - Non-GAAP operating income was $24 million[8] - Diluted Non-GAAP EPS was $0.37[8] - Semiconductor revenue was $124 million, showing sequential and year-over-year growth[18] - Data Storage revenue declined to $7 million in Q1 2025[18] Strategic Wins and Market Expansion - Veeco was awarded Intel's 2025 EPIC Supplier Award[8] - LSA system orders were secured for Gate-all-around (GAA) and High-Bandwidth Memory (HBM) applications[8] - The company is targeting a 2025-2029 CAGR in Semi SAM, driven by industry inflections[13] Financial Outlook - Q2 2025 revenue is projected to be between $135 million and $165 million[21] - Q2 2025 Non-GAAP diluted earnings per share are expected to be $0.12 to $0.32[21] Regional Performance - China and APAC accounted for $71 million and $60 million in revenue, respectively[18] - Revenue from the United States was $24 million[18]