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18 January 2024

Veeco revises revenue guidance for Q4/23 from $155–175m to $165–175m

At the 26th Annual Needham Growth Conference, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has revised its revenue guidance for fourth-quarter 2023 from $155–175m to $165–175m (up from $153.8m in Q4/2022). Revenue guidance for full year 2023 has been revised from $648–668m to $658–668m (up on 2022’s $646.1m), after having previously been raised from the initial guidance of $630–670m. Guidance for earnings per diluted share on a non-GAAP basis has also been raised, from $0.35–0.45 to $0.40–0.45 for Q4/2023. After previously having been raised from the initial $1.15–1.35 to $1.30–1.50 then $1.55–1.65, guidance for full-year 2023 EPS has been increased again, to $1.58–1.65 (up on $1.57 in 2022).  Veeco says that its initial 2024 outlook is for revenue to grow to $680–740m. Non-GAAP earnings per diluted share is expected to be $1.60–1.90. See related items:

Veeco’s Q3 revenue and profits exceed guidance

Veeco grows revenue 11% in 2022, despite 10.5% dip in Q4 driven by smartphone-related 5G RF weakness

Tags: Veeco MOCVD MBE


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