VECO Earnings Prediction
The chart below shows how VECO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, VECO sees a -0.39% change in stock price 10 days leading up to the earnings, and a +6.25% change 10 days following the report. On the earnings day itself, the stock moves by +0.42%. This data can give you a slight idea of what to expect for the next quarter's release.
VECO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
184.81M
4.20%
5.08%
Gross Margin
41.95%
-0.47%
0.29%
Operating Margin
13.17%
4.44%
38.49%
Net Margin
11.88%
-14.22%
39.76%
EPS
0.35
-14.63%
45.83%
No Data Available
VECO Earnings Analysis
Veeco Instruments Inc Corporation (VECO.O) Earnings Conference Call
Positive
Revenue Performance Overview: Revenue totaled $185 million, above the midpoint of our guidance, up 4% from the prior year and 5% sequentially.
Record Semiconductor Revenue Growth: Our semiconductor business delivered record revenue, increasing 26% year-over-year and 13% sequentially, highlighted by an increase in shipments to leading-edge customers across several product lines.
AI-Driven Order Growth: A leading foundry, HBM manufacturer in OSATs placed over $50 million in orders for our wet processing systems in 2024, driven by AI.
Net Income and EPS: Net income came in at approximately $28 million and diluted EPS was $0.46 on 62 million shares.
Cash and Investments Increase: We ended the quarter with cash and short-term investments of $321 million, a sequential increase of $16 million.
Negative
Revenue Performance Analysis: Revenue totaled $185 million, which is below the midpoint of guidance.
Semiconductor Revenue Performance: The semiconductor business delivered record revenue during the quarter, comprising 67% of revenue, but revenue in the compound semiconductor market declined from the prior quarter to $16 million, totaling 8% of revenue.
Data Storage Revenue Decline: Data storage revenue declined slightly to $33 million, comprising 18%.
Net Income and Tax Rate: Net income came in at approximately $28 million, resulting in an effective tax rate of approximately 11%.
Semiconductor Revenue Decline: We expect semiconductor revenue to decline in Q4 from record levels in Q3.
VECO FAQs
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VECO Earning Call Sentiment
Veeco Instruments Inc. (VECO) Q3 2024 Earnings Call Transcript
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VECO.O
1.55%Positive
The earnings call presents a mixed outlook. Strong financial performance and optimistic guidance for semiconductor growth are countered by declining revenues in China and data storage. The lack of shareholder return plans and unclear management responses in the Q&A add uncertainty. The market cap suggests moderate reaction, leading to a neutral prediction.
