NuAxiSemiconductor trade intelligence
Veeco’s Q3 revenue and profits exceed guidance
What happened
Veeco Instruments reported Q3 2023 revenue of $177.4M, exceeding its $155-175M guidance range, driven by strong semiconductor and data storage equipment shipments. The beat was attributed to shipping one or two more systems at the end of Q3 than forecasted. Watch: Stronger-than-expected equipment demand from Veeco, a key supplier, signals robust underlying capex in the semiconductor sector, which could tighten equipment lead times.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
Semiconductor Process Equipment
Veeco Instruments Inc
earnings-beatdemand-signalequipment
Source and time
Source: Semiconductor Today · 11/27/2023 · View original source
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