Veeco Instruments Inc. has released its financial results for the first quarter of 2025, reporting a revenue of $167.3 million, a decrease from $174.5 million in the same period last year. The GAAP net income stood at $11.9 million, compared to $21.9 million in Q1 2024. GAAP diluted earnings per share were reported at $0.20, down from $0.37 the previous year. On a Non-GAAP basis, the company reported a net income of $22.2 million, a decrease from $26.4 million in the previous year, with Non-GAAP diluted earnings per share at $0.37, compared to $0.45 in Q1 2024. Veeco's performance was bolstered by growth in its Semiconductor business, particularly in Advanced Packaging. The company also announced significant achievements, such as receiving Intel's 2025 EPIC supplier award and securing new application wins in Laser Annealing and Wet Processing. Looking ahead, Veeco anticipates its second quarter 2025 revenue to range between $135 million and $165 million, with Non-GAAP diluted earnings per share expected to be between $0.12 and $0.32.
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