NASDAQ$VECO

Veeco Instruments Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported solid first quarter results with revenue growing 17% year-over-year.

Veeco Instruments Inc. announced its financial results for the first quarter ended March 31, 2022, with revenue of $156.4 million and GAAP net income of $13.3 million, or $0.24 per diluted share. Non-GAAP net income was $21.7 million, or $0.38 per diluted share.

  • Revenues of $156.4 million, compared with $133.7 million in the same period last year
  • GAAP net income of $13.3 million, or $0.24 per diluted share, compared with $2.5 million, or $0.05 per diluted share in the same period last year
  • Non-GAAP net income of $21.7 million, or $0.38 per diluted share, compared with $12.6 million, or $0.25 per diluted share in the same period last year
  • Sales in both our Semiconductor and Compound Semiconductor markets increased 50% over the same time period.

Headline financials

Total Revenue

$156M

Previous: $134M+17.0%
EPS (adj)

$0.38

Previous: $0.25+52.0%
Capital Expenditures

-$10.9M

Previous: -$1.95M-459.0%
Free Cash Flow

$2.41M

Previous: $541K+345.8%
Net Income

$13.3M

Previous: $2.49M+434.5%
Operating Income

$16.5M

Previous: $9.42M+75.4%
Gross Profit

$66M

Previous: $54.9M+20.2%
Cash & Equivalents

$128M

Previous: $141M-9.3%
Total Assets

$920M

Previous: $945M-2.6%
Stock-Based Comp

$4.48M

Previous: $3.24M+38.4%

Revenue & EPS history

Veeco · Revenue · Quarterly

$156M

Q1 2022+17%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Veeco provided guidance for the second quarter of 2022, expecting revenue in the range of $150 million to $170 million and GAAP diluted earnings per share in the range of $0.05 to $0.19. Non-GAAP diluted earnings per share are expected in the range of $0.22 to $0.34.

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 2022

Historical avgQ1 2022

+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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