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Veeco’s Q2 record semiconductor revenue drives growth

What happened

Veeco Instruments reported Q2 2023 revenue of $161.6M, a 5% sequential increase and near the top of its guidance range, driven by record semiconductor equipment sales. This performance indicates sustained demand for its epitaxial deposition and process tools from chipmakers. Watch: Strong equipment earnings signal robust capital expenditure in the semiconductor sector, but the report lacks direct price or supply data for specific components.

Impact and signal

Medium impactImpact score: 55/100

Affected components and suppliers

Semiconductor EquipmentEpitaxial Deposition Tools
Veeco Instruments Inc
earningsrevenue-beatguidance

Source and time

Source: Semiconductor Today · 8/10/2023 · View original source

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