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

Veeco Q3 revenue rises to $184.8 million, profit falls; EPS outlook narrowed

Mixed Impact 3 of 5 earnings Written later

Veeco reported third quarter 2024 revenue of $184.8 million, up from $177.4 million a year earlier, while GAAP net income fell to $22.0 million from $24.6 million. The company also updated its full-year 2024 outlook, narrowing its revenue range to $700 million to $720 million and its non-GAAP EPS range to $1.68 to $1.78, which matters to shareholders because profit declined even as sales grew.

Key points

  • Q3 2024 revenue was $184.8 million versus $177.4 million in Q3 2023.
  • GAAP diluted EPS was $0.36 versus $0.42; non-GAAP diluted EPS was $0.46 versus $0.53.
  • Q4 2024 guidance: revenue of $165 million to $185 million and non-GAAP diluted EPS of $0.35 to $0.45.
  • Updated FY 2024 outlook: revenue of $700 million to $720 million, down from $690 million to $730 million; non-GAAP EPS of $1.68 to $1.78, down from $1.65 to $1.85.

The filing

CompanyVeeco Instruments (VECO)
Form8-K, current report
Filed with the SECNov 6, 2024, 4:16 PM ET
Accession number0001558370-24-014633

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits 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, 2024.

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