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Veeco revises revenue guidance for Q4/23 from $155–175m to $165–175m

What happened

Veeco Instruments revised its Q4 2023 revenue guidance upward from $155-175 million to $165-175 million, and its full-year 2023 guidance from $648-668 million to $658-668 million. The adjustment reflects stronger-than-expected performance for its semiconductor capital equipment. Neutral: The guidance revision indicates stable or slightly improved demand for Veeco's tools but does not signal a major shift in broader component supply or pricing.

Impact and signal

Medium impactImpact score: 58/100

Affected components and suppliers

Epitaxial Deposition EquipmentProcess Equipment
Veeco Instruments Inc
guidance-revisionearningscapital-equipment

Source and time

Source: Semiconductor Today · 1/18/2024 · View original source

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