Welcome to our dedicated page for Veeco Instrs Del news (Ticker: VECO), a resource for investors and traders seeking the latest updates and insights on Veeco Instrs Del stock.
Veeco Instruments Inc. (NASDAQ: VECO) is a manufacturer of semiconductor process equipment whose technologies are frequently highlighted in industry and financial news. Company updates describe how its laser annealing, ion beam, MOCVD, single wafer etch & clean, lithography and CVD systems support the fabrication and packaging of advanced semiconductor devices across memory, power, optical and packaging applications.
News about Veeco often covers its participation in investor conferences, quarterly financial results and guidance, and major corporate developments. For example, Veeco issues press releases and Form 8-K filings when it reports quarterly earnings, posts investor presentations, or comments on regulatory changes that may affect its business, such as U.S. export control rules related to certain China-based customers.
Product- and customer-focused announcements are another key theme in VECO news. Recent releases describe evaluation shipments of laser spike annealing systems to leading semiconductor memory companies, orders for Propel®300 MOCVD systems for GaN-on-Si power devices, and multiple orders for wet processing and lithography platforms to support advanced packaging and silicon photonics at specialist foundries. Veeco also reports on orders for Lumina™ and Lumina+ MOCVD systems used in InP and As/P epitaxy for optical communications and compound semiconductor products.
Strategic and corporate actions feature prominently as well. Veeco and Axcelis Technologies announced a definitive all-stock merger agreement under which a wholly owned Axcelis subsidiary will merge with and into Veeco, with Veeco becoming a wholly owned subsidiary of Axcelis, subject to regulatory and shareholder approvals. Investors following VECO news can track these transaction updates alongside ongoing operational and product announcements.
This news page aggregates such releases and related coverage so readers can monitor Veeco’s financial disclosures, technology milestones, customer wins and merger-related developments in one place.
Veeco Instruments Inc (NASDAQ: VECO) announced a multi-system order for its AP300™ Lithography System from a leading semiconductor assembly and testing company. This order supports the production of advanced packaging chips to meet rising demand for 5G and high-performance computing applications. The AP300 systems were chosen for their exceptional uptime, performance, and lower total cost of ownership, reflecting increasing market demand for Veeco's lithography solutions.
Veeco Instruments (NASDAQ: VECO) has announced its participation in multiple upcoming virtual investor events. These include the Oppenheimer 6th Annual Emerging Growth Conference on May 11, 2021, Cowen Annual Technology, Media & Telecom Conference on June 1, and the Stifel 2021 Cross Sector Insight Conference on June 9, where management will present at 12:00 PM ET. Additionally, Veeco will participate in the CEO Investor Summit on June 15. Interested investors can request one-on-one meetings via respective conference representatives. For more details, visit Veeco's investor relations page.
Veeco Instruments reported strong first quarter 2021 results with revenues of $133.7 million, up from $104.5 million year-over-year. GAAP net income reached $2.5 million or $0.05 per diluted share, a significant recovery from a loss of $0.6 million in Q1 2020. Non-GAAP net income improved to $12.6 million, or $0.25 per diluted share. Veeco's revenue growth was driven by semiconductor and data storage products, and the company is investing in a new manufacturing facility to support customer demand. Guidance for Q2 2021 predicts revenue between $125 million and $145 million.
Veeco Instruments Inc. (NASDAQ: VECO) is set to release its Q1 2021 financial results post-market on May 4, 2021. The company will conduct a conference call at 5:00 PM ET to discuss these results. Interested parties can join the call via telephone at 1-800-437-2398 or 1-929-477-0577, using passcode 4450990, or access a live webcast on Veeco's investor relations page. A replay will be available from 8:00 PM ET that evening. Veeco is known for its advanced semiconductor process equipment, optimizing performance and cost efficiency.
Veeco Instruments Inc. (NASDAQ: VECO) has announced plans to expand its manufacturing capabilities in San Jose, California, to meet the growing demand for its laser annealing technology. The new SEMI-compliant facility will focus on developing and producing advanced packaging lithography systems for semiconductor applications. With approximately 70,000 square feet dedicated to manufacturing, the facility aims to enhance product development and efficiency. Capital expenditures for this project are estimated between $30 million and $40 million over the next two years, with the lease lasting through 2037.
Veeco Instruments announced its financial results for Q4 2020, showcasing revenues of $138.9 million, up from $113.2 million a year earlier. The company reported a GAAP net loss of $0.1 million ($(0.00) per diluted share) compared to a loss of $32.9 million in Q4 2019. Non-GAAP net income reached $15.0 million ($0.30 per diluted share), up from $5.4 million in the same period last year. For Q1 2021, guidance indicates revenue between $115 million to $135 million and Non-GAAP EPS of $0.12 to $0.30.
Veeco Instruments Inc. (NASDAQ: VECO) will announce its fourth quarter and full year 2020 financial results on February 11, 2021, after market close. A conference call is scheduled for that day at 5:00 PM ET to discuss the results. Interested parties can join by phone or via a live webcast on the investor relations section of Veeco's website. Veeco specializes in semiconductor process equipment and focuses on enhancing performance and cost efficiency for their clients.
Veeco Instruments (NASDAQ: VECO) will present at the Needham Virtual Growth Conference on January 12, 2021, at 5:00 PM ET. The presentation can be accessed live via the investor relations section of Veeco's website. A replay of the webcast will be available for at least two weeks after the event.
Veeco specializes in manufacturing semiconductor process equipment, employing advanced technologies like ion beam and MOCVD to enhance performance and yield in semiconductor device fabrication. For more information, visit www.veeco.com.
Veeco Instruments (NASDAQ: VECO) has been selected by Transphorm, Inc. (OTCQB: TGAN) to provide its Propel™ HVM MOCVD System for high-volume production of GaN-based Epiwafers, aimed at advancing RF and power electronics. The contract, funded by the US DoD Office of Naval Research, highlights Veeco's cost-effective and high-throughput capabilities, crucial for next-gen 5G and power devices. The Propel system's unique features promise enhanced manufacturing efficiency and output consistency, reinforcing Veeco's position in the semiconductor market.
Veeco Instruments has announced a privately negotiated exchange to retire $125 million of its 2.70% Convertible Senior Notes due 2023, issuing $132.5 million of new 3.50% Convertible Senior Exchange Notes due 2025. The New Notes will have a conversion rate reflecting a 58.6% premium over the stock price as of November 11, 2020. The transaction is expected to close around November 17, 2020. The New Notes can be converted into shares or cash, and involve a cash repurchase option upon specific events.