Veeco(US:VECO)2024-11-07 00:16Q3 2024 Financial Performance - Veeco's Q3 2024 revenue reached $185 million[5], exceeding the midpoint of the guidance[4] - Non-GAAP operating income for Q3 2024 was $31 million[5] - The diluted non-GAAP EPS for Q3 2024 was $0.46[5] Semiconductor Business - Semiconductor business achieved record revenue, growing 26% year-over-year and 13% sequentially[4] - Veeco received over ~$50 million in orders related to heterogeneous integration and 3D packaging for AI[4] - Semiconductor accounted for 67% of the company's revenue in Q3 2024[8], which equals to $124.1 million[9] Market and Regional Revenue - In Q3 2024, Compound Semiconductor contributed 8% to the total revenue[8], which equals to $15.6 million[9] - Data Storage accounted for 18% of the company's revenue in Q3 2024[8], which equals to $32.8 million[9] - Scientific & Other sectors made up 7% of the revenue in Q3 2024[8], which equals to $12.4 million[9] - Geographically, APAC accounted for 30% of the revenue, while China contributed 33% in Q3 2024[8] Q4 2024 Outlook - The company projects Q4 2024 revenue between $165 million and $185 million[12] - Q4 2024 non-GAAP EPS is expected to be in the range of $0.35 to $0.45[12] FY 2024 Outlook - Updated FY 2024 revenue guidance is $700 million to $720 million[13] - The company anticipates non-GAAP EPS for FY 2024 to be $1.68 to $1.78[13]