Wednesday, 16 August 2017

Veeco’s Q2 revenue up 21% year-on-year organically

For second-quarter 2017, epitaxial deposition and process equipment maker Veeco Instruments Inc of Plainview, NY, USA has reported revenue of $115.1m, up 22% on $94.4m last quarter and up 53% on $75.3m a year ago.

However, this includes $24m from about one month of business from Ultratech Inc of San Jose, CA, USA (which designs and makes lithography, laser-processing and inspection systems for the advanced packaging, front-end semiconductor and LED markets), which was acquired on 26 May. Ultratech’s main businesses address the advanced packaging lithography and semiconductor laser annealing markets, both of which are highly complementary to Veeco.

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