Revenue 877 million yuan! MOCVD equipment factory Veeco announces three quarter results

Yesterday (1), the Veeco Instruments Inc., the equipment manufacturer of organic metal chemical vapor deposition (MOCVD), announced its third quarter results in 2018.

In the third quarter, the company achieved a revenue of 126 million 800 thousand US dollars (about 877 million yuan), compared with 129 million 300 thousand US dollars (about 895 million yuan) in the same period last year.

According to us general accounting standards (GAAP), in the third quarter of 2018, it was a loss of 9 million US dollars and a loss of 0.19 US dollars per diluted share. According to non US general accounting standards (Non-GAAP), in the third quarter of 2018, the company achieved a net income of $5 million 300 thousand and diluted earnings per share of $0.11.

From the point of view of revenue structure, the third quarter revenue of LED was mainly from the market of the LED lighting, display and compound semiconductor, and contributed 53% to the company's overall revenue. In addition, advanced packaging and MEMS & RF filter market, front-end semiconductor market, science and industry market contributed 17%, 10% and 20% respectively. Geographically, the US, China, EMEA region (Europe, Middle East and Africa) and other regions accounted for 19%, 42%, 16% and 23% respectively.

Viiko CEO William J. Miller said, "because of the overall market weakness in all our businesses in China, and the fact that a US wafer foundries shelved its 7 nanometer FinFET plan, the third quarter's earnings were below our expectations, and the results were mixed. However, the gross margin of non US general accounting standards (Non-GAAP) is higher than expected. Non US general accounting standards (Non-GAAP) operating income, net income and earnings per share are at the upper limit of our guidance. "

"We are satisfied with the order bookings in the front-end semiconductor market, including the EUV mask blank deposition system, and the laser peak annealing system order from a market leader of sophisticated applications. We are encouraged by the growth prospects of compound semiconductors, advanced packaging and front-end semiconductors. "

Looking ahead to the fourth quarter of 2018, Veeco expects revenues to reach US $85 million to $105 million. According to us general accounting standards (GAAP), 4Q18 expects a net loss of 1900-2600 US dollars and a loss of US $0.40-0.56 per share. According to non US general accounting standards (Non-GAAP), the net loss of 4Q18 is estimated to be 300-1000 US dollars and the loss per share is 0.09 - 0.25 US dollars. (compile: LED net James)

For more LED related information, please click LED net or pay attention to WeChat public account (cnledw2013).