Veeco(US:VECO)2023-11-07 04:07Q3 2023 Financial Performance - Revenue reached $177 million[10, 18, 28], exceeding the high end of guidance[3] - Non-GAAP operating income was $33 million[10, 18] - Diluted Non-GAAP EPS was $0.53[10, 18] - Data Storage revenue showed sequential growth[3] reaching $34 million[8] Market and Technology Updates - Semiconductor revenue remained elevated[10] - The company shipped the first NSA500TM evaluation system to a Tier 1 logic customer[6] - Veeco shipped Laser-Spike Annealing (LSA) systems to Tier 1 Logic and Memory customers[10] - Ion Beam Deposition (IBD) technology is being adapted for advanced node wafer-level semiconductor applications[7] Future Outlook - Q4 2023 revenue is guided between $155 million and $175 million[19, 44] - The company is planning a second evaluation shipment of NSA to a Tier 1 customer in Q4, with initial High Volume Manufacturing (HVM) orders expected in late 2024 or 2025[14] - The updated 2023 revenue outlook is $648 million to $668 million[19] - The company is raising the 2023 Non-GAAP EPS outlook to between $1.55 and $1.65[19]