NASDAQ$VECO
Veeco Instruments Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported solid first-quarter results, exceeding the high end of the guidance range, driven by the semiconductor business.
Veeco Instruments Inc. reported financial results for the first quarter ended March 31, 2023. The company's revenue was $153.5 million, and the GAAP net income was $8.7 million, or $0.17 per diluted share. The non-GAAP net income was $16.9 million, or $0.30 per diluted share.
- Revenues of $153.5 million, compared with $156.4 million in the same period last year
- GAAP net income of $8.7 million, or $0.17 per diluted share, compared with $13.3 million, or $0.24 per diluted share in the same period last year
- Non-GAAP net income of $16.9 million, or $0.30 per diluted share, compared with $21.7 million, or $0.38 per diluted share in the same period last year
- Laser annealing business is gaining momentum, as demonstrated by recent orders for additional annealing steps at leading logic customers.
Headline financials
Revenue & EPS history
Veeco · Revenue · Quarterly
$154M
Forward guidance
Veeco provided guidance for the second quarter of 2023, with revenue expected in the range of $145 million to $165 million. GAAP diluted earnings (loss) per share are expected in the range of $0.11 to $0.21, and non-GAAP diluted earnings per share are expected in the range of $0.26 to $0.34.
Tailwinds
- Revenue is expected in the range of $145 million to $165 million
Headwinds
- GAAP diluted earnings (loss) per share are expected in the range of $0.11 to $0.21
- Non-GAAP diluted earnings per share are expected in the range of $0.26 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 2023
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro