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PLAINVIEW, N.Y. - Veeco Instruments Inc. (NASDAQ:VECO), a semiconductor equipment manufacturer with a market capitalization of $1.76 billion and strong financial health according to InvestingPro data, has secured multiple orders for its wet processing and lithography systems from a specialist foundry, according to a press release issued Tuesday.
The systems will be used for advanced packaging and silicon photonics applications in artificial intelligence, automotive, aerospace and defense, and communications sectors. Deliveries for the most recent orders are scheduled to begin in the first quarter of 2026. The company’s strong balance sheet, with a current ratio of 5.1, positions it well to fulfill these orders.
The foundry selected Veeco’s WaferStorm, WaferEtch and AP300 platforms for their process performance capabilities. These systems support various packaging processes including copper pillars for 2.5/3D packaging, flip-chip bumping, and fan-out wafer-level packaging.
"These new orders build on our legacy of collaboration with leading customers to deliver enabling technologies that drive innovation and meet the evolving demands of the semiconductor industry," said Adrian Devasahayam, Senior Vice President of Product Line Management at Veeco.
Veeco Instruments manufactures semiconductor process equipment, with technologies including laser annealing, ion beam, metal organic chemical vapor deposition, single wafer etch and clean, and lithography systems.
The company stated these orders reflect its position in supporting next-generation device manufacturing in markets such as artificial intelligence, high-performance computing and silicon photonics. With a gross profit margin of 41.46% and impressive six-month return of 52.81%, InvestingPro analysis reveals 8 additional key insights about Veeco’s market position and financial outlook, available to subscribers.
In other recent news, Veeco Instruments Inc. reported its second-quarter 2025 earnings, exceeding expectations with an earnings per share of $0.36, compared to the projected $0.24, and achieving revenue of $166 million, surpassing the anticipated $153.87 million. These results highlight a positive performance for the company in the recent quarter. Veeco Instruments also announced a merger with Axcelis Technologies, which, if completed, would create the fourth largest U.S. semiconductor capital equipment company. However, this merger has led to some concerns among analysts.
Northland downgraded Veeco Instruments from Outperform to Market Perform, citing valuation concerns despite the potential positive impact of the merger. Similarly, Needham downgraded the stock from Buy to Hold due to perceived risks associated with the merger. Additionally, Veeco Instruments addressed new U.S. export restrictions, known as the Affiliates Rule, but stated that these are not expected to materially impact its business activities in China. These developments reflect a mix of positive earnings performance and cautious analyst perspectives amid ongoing strategic changes.
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