Overview

* Veeco Q2 2025 revenue of $166.1 mln beats analyst expectations, per LSEG data

* Adjusted net income for Q2 2025 beats analyst estimates, per LSEG data

* Company's Q3 2025 revenue guidance indicates potential decrease from Q2 2025

Outlook

* Veeco expects Q3 revenue between $150 mln and $170 mln

* Veeco sees Q3 GAAP EPS between $0.04 and $0.22

* Veeco forecasts Q3 non-GAAP EPS between $0.20 and $0.35

Result Drivers

* TECHNOLOGY EXPANSION - Veeco attributes strong Q2 results to the rapid expansion of High-Performance Computing and AI technologies, according to CEO Bill Miller

* SYSTEM SHIPMENTS - Shipments of wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks drove performance, per CEO Bill Miller

* REVENUE DECLINE - Revenue decreased to $166.1 mln from $175.9 mln in the same period last year

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $166.10 $151.20

Revenue mln mln (7

Analysts

)

Q2 EPS $0.2

Q2 Beat $21.50 $13.20

Adjusted mln mln (5

Net Analysts

Income )

Q2 Net $11.70

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

* Wall Street's median 12-month price target for Veeco Instruments Inc ( VECO ) is $29.00, about 31.2% above its August 5 closing price of $19.94

* The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)