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]