NASDAQ$VECO

Veeco Instruments Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported solid first quarter results with improved revenue and profitability year-on-year.

Veeco Instruments Inc. reported financial results for its first quarter ended March 31, 2021. The company's revenue was $133.7 million, compared to $104.5 million in the same period last year. GAAP net income was $2.5 million, or $0.05 per diluted share, compared to a loss of $0.6 million, or $0.01 loss per diluted share in the same period last year. Non-GAAP net income was $12.6 million, or $0.25 per diluted share, compared to $10.9 million, or $0.22 per diluted share in the same period last year.

  • Revenues of $133.7 million, compared with $104.5 million in the same period last year
  • GAAP net income of $2.5 million, or $0.05 per diluted share, compared with a loss of $0.6 million, or $0.01 loss per diluted share in the same period last year
  • Non-GAAP net income of $12.6 million, or $0.25 per diluted share, compared with $10.9 million, or $0.22 per diluted share in the same period last year
  • Revenue in the quarter was driven by semiconductor and data storage products

Headline financials

Total Revenue

$134M

Previous: $105M+28.0%
EPS (adj)

$0.25

Previous: $0.22+13.6%
Capital Expenditures

-$1.95M

Previous: -$1.07M-82.5%
Free Cash Flow

$541K

Previous: -$1.64M+133.0%
Net Income

$2.49M

Previous: -$567K+539.9%
Operating Income

$9.42M

Previous: $4.57M+106.2%
Gross Profit

$54.9M

Previous: $46.4M+18.3%
Cash & Equivalents

$141M

Previous: $162M-13.3%
Total Assets

$945M

Previous: $833M+13.5%
Stock-Based Comp

$3.24M

Previous: $3.65M-11.2%

Revenue & EPS history

Veeco · Revenue · Quarterly

$134M

Q1 2021+28%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Veeco’s second quarter 2021 revenue is expected in the range of $125 million to $145 million. GAAP diluted earnings (loss) per share are expected in the range of $(0.06) to $0.11 and Non-GAAP diluted earnings per share are expected in the range of $0.17 to $0.35.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+2.3%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+26.4%

Q1 2020

Best reaction

-26.6%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%+16.7%+25.0%
Q4 2025+7.7%+14.1%+23.9%
Q3 2025-1.0%+3.8%+8.8%
Q1 2025+5.5%+12.2%+8.9%
Q4 2024+2.6%+5.6%-9.2%
Q3 2024-0.2%-3.5%-4.6%
Q2 2024-5.9%+4.2%-10.3%
Q1 2024+4.8%+1.4%+15.7%
Q4 2023+3.8%+3.8%-1.3%
Q3 2023+6.6%+9.7%+9.7%
Q2 2023+6.7%+6.2%+2.3%
Q1 2023+9.2%+11.9%+36.9%
Q4 2022+6.1%+6.1%+2.0%
Q3 2022+1.8%+9.6%+4.8%
Q2 2022-5.3%+4.8%-10.4%
Q1 2022-16.0%-6.7%-7.7%
Q4 2021-5.1%-6.0%+1.5%
Q3 2021+10.2%+9.6%+5.1%
Q2 2021-2.7%+0.3%+0.3%
Q1 2021-2.9%-0.4%+4.4%
Q4 2020+8.2%+7.2%+9.4%
Q3 2020-0.2%-0.7%+29.0%
Q2 2020+4.0%+1.2%-6.6%
Q1 2020+26.4%+15.7%+30.8%
Q4 2019+14.2%+2.1%-35.7%
Q3 2019+17.4%+8.5%-5.7%
Q2 2019+4.2%-6.1%-22.0%
Q1 2019+12.0%+8.9%-9.5%
Q4 2018+3.6%+7.0%-0.1%
Q3 2018-7.5%-4.6%-7.9%
Q2 2018-21.4%-20.7%-18.6%
Q1 2018-2.1%-5.3%+1.2%
Q4 2017+13.9%+25.2%+24.2%
Q3 2017-6.6%-7.7%-9.7%
Q2 2017-26.6%-27.7%-34.8%
Q1 2017-1.6%-3.0%-7.9%
Q4 2016+3.0%+5.6%+10.7%
Q3 2016+4.4%+11.5%+19.8%
Q2 2016+10.8%+18.3%+17.3%
Q1 2016-5.5%
Q4 2015-11.9%
Q3 2015-11.1%
Q2 2015-7.3%
Q1 2015+5.4%
Q4 2014+2.9%
Q3 2014+8.5%
Q2 2014-2.2%
Q1 2014-5.9%
Q4 2013-2.2%
Q3 2013-1.4%
Q2 2013+8.7%
Q1 2013+15.4%
Q4 2012-4.8%
Q3 2012+4.8%
Q2 2012+12.2%
Q1 2012+2.6%
Q4 2009+1.7%
Q4 2011+1.7%
Q3 2011-10.2%
Q3 2010-10.2%
Q2 2010-9.1%
Q2 2011-9.1%
Q1 2010+2.4%
Q4 2010+2.4%
Q1 2011+2.4%

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