News: Suppliers
18 January 2024
At the 26th Annual Needham Growth Conference, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has revised its revenue guidance for fourth-quarter 2023 from $155–175m to $165–175m (up from $153.8m in Q4/2022). Revenue guidance for full year 2023 has been revised from $648–668m to $658–668m (up on 2022’s $646.1m), after having previously been raised from the initial guidance of $630–670m.
Guidance for earnings per diluted share on a non-GAAP basis has also been raised, from $0.35–0.45 to $0.40–0.45 for Q4/2023. After previously having been raised from the initial $1.15–1.35 to $1.30–1.50 then $1.55–1.65, guidance for full-year 2023 EPS has been increased again, to $1.58–1.65 (up on $1.57 in 2022).
Veeco says that its initial 2024 outlook is for revenue to grow to $680–740m. Non-GAAP earnings per diluted share is expected to be $1.60–1.90.
Veeco’s Q3 revenue and profits exceed guidance
Veeco grows revenue 11% in 2022, despite 10.5% dip in Q4 driven by smartphone-related 5G RF weakness