Q3 2025 Veeco Instruments Inc Earnings Call Transcript

Nov 5, 2025 / 10:00 PM GMT

Release Date Price: $29.45 (+1.41%)

Transcript 10-Q8-K

Key Points

Positve

Veeco Instruments Inc (VECO) reported third-quarter revenue of $166 million, exceeding the midpoint of prior guidance.
Non-GAAP diluted earnings per share was $0.36, above the prior guidance midpoint of $0.28.
The company announced a definitive agreement to merge with Exelis Technologies, expected to create a leading semiconductor equipment company.
Veeco Instruments Inc (VECO) is the production tool of record for laser spike annealing for all leading Logic customers and one tier 1 DRAM customer.
The company projects significant growth opportunities in annealing, ion beam deposition technology, and advanced packaging markets by 2029.

Negative

The semiconductor business reported a 5% decline in revenue quarter over quarter.
Gross margin for Q4 is expected to decline to between 37% and 39%, down from previous periods.
The compound semiconductor market experienced a down year in 2025.
Data storage system revenue declined in 2025 compared to 2024 as customers did not add new system capacity.
The company faces uncertainties related to the completion of the merger with Exelis, pending stockholder and regulatory approvals.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VECO.OQ - Veeco Instruments Inc
Q3 2025 Veeco Instruments Inc Earnings Call
Nov 05, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to Vivico Q3 2025 earnings call.

At this time, all participants are in a listen-only mode.

A brief question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press star, then 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Alex Delacroix, head of investor relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Thank

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