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Veeco Instruments Inc. has reported its financial results for the third quarter ended September 30, 2025. The company delivered solid performance amid continued demand in semiconductor markets, particularly those driven by artificial intelligence and high-performance computing applications.
According to U.S. generally accepted accounting principles (GAAP), Veeco reported revenue of $165.9 million for the third quarter of 2025, compared to $184.8 million in the same period last year. GAAP net income for the quarter was $10.6 million, or $0.17 per diluted share, down from $22.0 million or $0.36 per diluted share in Q3 2024.
On a non-GAAP basis, the company reported operating income of $23.1 million, compared to $31.0 million a year earlier. Non-GAAP net income for the quarter was $21.8 million, or $0.36 per diluted share, compared to $28.3 million or $0.46 per diluted share in the third quarter of 2024.
“Veeco’s strong financial results this quarter reflect continued momentum in the semiconductor market driven by AI and high-performance computing,” said Bill Miller, Ph.D., Chief Executive Officer of Veeco. “We are also excited about new product traction in our MOCVD business. We have won multiple orders for our 300 mm gallium nitride single wafer and arsenide phosphide batch systems.”
Dr. Miller also noted the strategic importance of the pending merger with Axcelis Technologies, Inc., which is expected to broaden Veeco’s technology portfolio and expand market opportunities. “The merger marks a significant step to better serve our customers and to deliver long-term value through an enhanced product offering and scale,” he added.
Outlook for Q4 2025
For the fourth quarter of 2025, Veeco expects:
- Revenue in the range of $155 million to $175 million
- GAAP diluted earnings (loss) per share in the range of ($0.07) to $0.05
- Non-GAAP diluted earnings per share in the range of $0.16 to $0.32
Veeco remains focused on executing its strategic initiatives and leveraging its technology leadership in compound semiconductors, wafer processing, and emerging growth markets.
Original – Veeco Instruments
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ROHM Co., Ltd. has announced that its EcoGaN™ power stage IC has been adopted in the AC adapter developed by Delta Electronics for MSI’s high-performance products, including gaming laptops. The collaboration brings together ROHM’s advanced GaN technology and Delta’s expertise in power supply design to deliver compact, energy-efficient power adapters tailored for demanding computing environments.
The AC adapter features ROHM’s BM3G005MUV-LB, a high-speed switching power stage IC with low ON resistance. Integrated into Delta’s latest adapter design, this solution achieves significant size reduction and energy savings compared to traditional silicon-based adapters, while maintaining high power output and performance stability under heavy loads—an essential requirement for gaming laptops equipped with powerful GPUs and CPUs.
As power demands rise in gaming and edge computing devices, GaN technology is gaining prominence due to its ability to improve efficiency and reduce system size. ROHM’s EcoGaN™ power stage IC integrates a 650V GaN HEMT, gate driver, protection circuitry, and peripheral components into a single compact package. This simplifies the design process and enables maximum GaN HEMT performance by directly replacing conventional silicon MOSFETs.
“The combination of Delta’s state-of-the-art power supply solutions and ROHM’s EcoGaN™ power stage IC has enabled high power delivery, optimal energy efficiency, and miniaturization in this AC adapter for gaming laptops,” said Red Lin, General Manager of the Edge Computing Power Business Unit at Delta Electronics, Inc. “We are proud that this solution has been adopted in MSI’s products, a globally recognized brand.”
Satoru Nate, Division Manager of the Power GaN Solution & Product Development Division at ROHM Co., Ltd., added, “Delta Electronics and ROHM have long collaborated in the field of power systems. This successful adoption reflects the strength of combining Delta’s design capabilities with ROHM’s device innovation. We aim to continue contributing to the miniaturization and efficiency of power systems across gaming, servers, industrial, and automotive applications.”
The integration of ROHM’s EcoGaN™ technology into consumer-grade power solutions marks a significant step in advancing the adoption of GaN devices in compact, high-efficiency applications.
Original – ROHM
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Navitas Semiconductor Corporation has entered into a definitive securities purchase agreement for a private placement of 14,814,813 shares of Class A common stock at a price of $6.75 per share. The transaction is expected to close on or about November 10, 2025, subject to customary closing conditions.
The private placement is anticipated to generate gross proceeds of approximately $100 million, before deducting placement agent fees and offering-related expenses. Navitas intends to use the net proceeds to support working capital and general corporate purposes as part of its ongoing growth strategy.
Needham & Company is serving as the sole placement agent for the offering.
“This capital raise enables us to support Navitas’ transformation and accelerate our momentum into higher-power markets. We’re fueling and energizing the shift to Navitas 2.0, focusing our energy on the high-power markets that are shaping the future: AI data centers, performance computing, energy and grid infrastructure, and industrial electrification,” said Chris Allexandre, President and CEO of Navitas.
The securities are being issued in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933 and Regulation D and have not been registered under federal or state securities laws. The company plans to file a registration statement with the U.S. Securities and Exchange Commission to cover the resale of the shares issued, no later than five business days following the agreement date.
The private placement is not an offer to sell or a solicitation of an offer to buy, and the securities may not be sold in the United States without registration or an applicable exemption from registration requirements.
Original – Navitas Semiconductor
