Quarterly ResultMay 5, 2026, 04:03 PM
Veeco Q1 Revenue $158.3M, GAAP Net Loss $(0.3)M, EPS $(0.01)
AI Summary
Veeco Instruments reported its first quarter 2026 financial results, with revenue decreasing to $158.3 million from $167.3 million in the prior year period. The company posted a GAAP net loss of $(0.3) million, or $(0.01) per diluted share, a significant decline from a net income of $11.9 million, or $0.20 per diluted share, in Q1 2025. Non-GAAP net income was $8.9 million, or $0.14 per diluted share. Veeco provided Q2 2026 guidance, expecting revenue between $170 million and $190 million, and reaffirmed its full-year 2026 guidance, citing strong order activity driven by AI data centers and high-performance computing.
Key Highlights
- Q1 2026 Revenue: $158.3 million, down from $167.3 million in Q1 2025.
- Q1 2026 GAAP Net Loss: $(0.3) million, compared to $11.9 million net income in Q1 2025.
- Q1 2026 GAAP Diluted EPS: $(0.01) loss, compared to $0.20 earnings in Q1 2025.
- Q1 2026 Non-GAAP Net Income: $8.9 million, or $0.14 per diluted share.
- Q2 2026 Revenue Guidance: Expected in the range of $170 million to $190 million.
- Q2 2026 Non-GAAP Diluted EPS Guidance: Expected in the range of $0.20 to $0.32.
- FY 2026 Revenue Guidance: Reaffirmed at $740 million to $800 million.
- FY 2026 Non-GAAP Diluted EPS Guidance: Reaffirmed at $1.50 to $1.85.