Veeco’s semiconductor-related revenue up 20% year-on-year in Q1

What happened

Veeco Instruments reported Q1 2023 revenue of $153.5M, exceeding its $130-150M guidance range, driven by strong sales to semiconductor customers. While total revenue was flat sequentially and slightly down year-on-year, the outperformance was specifically attributed to semiconductor-related revenue growth of 20% YoY. Watch: This signals sustained, above-expectation demand for semiconductor manufacturing equipment, which could support pricing and lead times for key tools.

Impact and signal

Affected components and suppliers

Source and time

Source: Semiconductor Today · 5/15/2023 · View original source