Veeco Instruments (NASDAQ: VECO) reported Q3 EPS of $0.40, $0.05 better than the analyst estimate of $0.35. Revenue for the quarter came in at $150 million versus the consensus estimate of $146.41 million.

“Veeco delivered solid year-on-year and sequential growth in the third quarter with revenue and EPS at the high end of our guidance range. Cash flow from operations was the highest in several years demonstrating the effectiveness of our transformation,” commented William J. Miller, Ph.D., Chief Executive Officer. “Record semiconductor sales were the primary driver of our performance with shipments of our Laser Annealing and EUV mask blank systems.

“Once again, we are improving our outlook for 2021 and we are excited about the traction in our semiconductor business, which has been a focus of our transformation,” continued Dr. Miller. “We expect to ship the first systems in the coming weeks from our new state-of-the-art San Jose semiconductor equipment manufacturing facility.”

GUIDANCE:

Veeco Instruments sees Q4 2021 EPS of $0.27-$0.45, versus the consensus of $0.35. Veeco Instruments sees Q4 2021 revenue of $140-160 million, versus the consensus of $146 million.

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