Veeco Instruments Inc. announced its second-quarter 2025 financial results, showing a year-over-year decline in revenue and profit, but highlighting strong momentum from High-Performance Computing (HPC) and Artificial Intelligence (AI) applications.
For the quarter ended June 30, 2025, Veeco reported revenue of $166.1 million, down from $175.9 million in the same period last year. GAAP net income came in at $11.7 million, or $0.20 per diluted share, compared to $14.9 million, or $0.25 per diluted share, in Q2 2024. On a Non-GAAP basis, the company posted $21.5 million in net income, or $0.36 per diluted share, compared with $25.4 million, or $0.42 per diluted share, last year.
Despite the revenue dip, CEO Bill Miller, Ph.D. emphasized that demand from AI and HPC markets continues to fuel the company’s growth drivers.
“Veeco delivered strong financial results this quarter, fueled by rapid expansion of High-Performance Computing and AI technologies,” Miller said. “This performance was driven by shipments of our wet processing and lithography systems for Advanced Packaging and Ion Beam Deposition systems for EUV mask blanks.”
Looking ahead, Veeco expects third-quarter 2025 revenue in the range of $150 million to $170 million. GAAP diluted EPS is projected between $0.04 and $0.22, while Non-GAAP diluted EPS is anticipated to be in the range of $0.20 to $0.35.
Original – Veeco Instruments