Veeco Q4 GAAP net income USD 1.1 million down 92.7%

Veeco reported Q4 FY2025 revenue of USD 165.0 million (-9.4%) and GAAP net income of USD 1.1 million (-92.6%), or USD 0.02 per diluted share. Non-GAAP net income was USD 14.7 million (-39.3%), or USD 0.24 per diluted share, and non-GAAP operating income was USD 13.8 million (-49.6%). For FY2025, Veeco posted revenue of USD 664.3 million (-7.4%) and GAAP net income of USD 35.4 million (-52.0%), or USD 0.59 per diluted share. Non-GAAP net income was USD 80.2 million (-23.1%), or USD 1.33 per diluted share. Management said bookings accelerated in the second half across semiconductor, compound semiconductor and data storage markets, citing AI and high-performance computing as demand drivers, and highlighted expanding backlog, customer adoption of new technologies, and a planned merger with Axcelis. Veeco guided Q1 FY2026 revenue of USD 150 million to USD 170 million and GAAP diluted EPS of (USD 0.03) to USD 0.07, with non-GAAP diluted EPS of USD 0.14 to USD 0.24; for FY2026 it guided revenue of USD 740 million to USD 800 million, GAAP diluted EPS of USD 0.83 to USD 1.17, and non-GAAP diluted EPS of USD 1.50 to USD 1.85.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Veeco Instruments Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602251605PRIMZONEFULLFEED9661415) on February 25, 2026, and is solely responsible for the information contained therein.