VECO Q1 2024 Earnings — Veeco Instruments Inc. Revenue & Financial Results | Market Cap Arena

VECOVeeco Instruments Inc.

$2B

Q1 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$174M+13.7% YoY

Gross Profit

$75M43.2% margin

Operating Income

$22M12.6% margin

Net Income

$22M12.5% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$3M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$546M

Stockholders' Equity

$688M

Cash & Equivalents

$174M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$174M	$154M	+13.7%
Gross Profit	$75M	$62M	+21.6%
Operating Income	$22M	$10M	+124.8%
Net Income	$22M	$9M	+150.0%

Revenue Segments

Semiconductor

$120M69%

Compound Semiconductor

$21M12%

Data Storage

$18M10%

Scientific And Other

$15M9%

Geographic Segments

Asia Pacific Excluding China

$73M42%

CHINA

$64M37%

UNITED STATES

$28M16%

EMEA

$8M5%

Rest Of World

$600,0000%