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AI brief of an SEC Form 8-K · Veeco Instruments (VECO)

Veeco Q3 revenue rises to $177.4 million; raises 2023 non-GAAP EPS outlook

Positive Impact 4 of 5 earnings Written later

Veeco reported third-quarter 2023 revenue of $177.4 million, up from $171.9 million a year earlier, and GAAP net income of $24.6 million ($0.42 per diluted share), up from $15.0 million ($0.27). Its conference presentation raised the 2023 non-GAAP EPS outlook to $1.55 to $1.65 from $1.30 to $1.50, and the fourth-quarter revenue guidance is $155 million to $175 million.

Key points

  • Q3 2023 revenue $177.4 million vs $171.9 million in Q3 2022
  • GAAP diluted EPS $0.42 vs $0.27; non-GAAP diluted EPS $0.53 vs $0.45
  • Q4 2023 guidance: revenue $155 million to $175 million; non-GAAP diluted EPS $0.35 to $0.45
  • 2023 non-GAAP EPS outlook raised to $1.55 to $1.65 from $1.30 to $1.50; nine-month GAAP net loss of $52.0 million reflects a $97 million loss on debt extinguishment

The filing

CompanyVeeco Instruments (VECO)
Form8-K, current report
Filed with the SECNov 6, 2023, 4:10 PM ET
Accession number0001558370-23-017761

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.