A large MOCVD Veeco released second quarter earnings revenue 772 million

Metal organic chemical vapor deposition system (MOCVD) equipment manufacturers of America (Veeco Instruments Inc.) Veeco 3 announced 2017 second quarter earnings, according to U.S. GAAP (GAAP) calculation, Q2 revenues of $115 million 100 thousand (about 772 million yuan), growth of 52.86% over the same period last year; net loss narrowed to 42.68% for $18 million 400 thousand, diluted earnings per share of $-0.43.

From the second quarter revenue structure, advanced packaging and MEMS & RF revenue growth of 25.88% over the same period last year to $21 million 400 thousand, accounting for 19% of total revenue; lighting, display and power electronics revenue grew 126.61% to $56 million 200 thousand, accounting for 49% of total revenue, mainly due to the MOCVD & PSP system demand; front-end semiconductor revenue grew 477.78% to $10 million 400 thousand, 9% of total revenue; science and industry (including data storage) revenue fell 15.09% to $27 million, accounting for 23% of total revenue.

From Q2 revenues constitute the regional perspective, the United States, China, Europe, Middle East and Africa (Europe Middle, East and Africa), other parts of the revenue accounted for 18%, 23%, 16% and 43%. It is worth noting that China area revenues accounted for the last quarter (43%) decreased greatly.

Veeco chairman and CEO John R. Peeler commented: "the second quarter Veeco have achieved good results, achieved revenues of $115 million, non GAAP earnings per share of $0.15. The company also made a crucial milepost in the quarter, in May 26, 2017 completed the acquisition of Ultratech. Therefore, the performance of Ultratech covers nearly a month of business in the second quarter. If the deduction of Ultratech performance, in line with the company's expected second quarter results. It is important that the growing backlog of orders, booking volume is from the first quarter continued to rise.

Mr. Peeler concluded: "Ultratech integration is progressing well, we are very optimistic about the potential revenue and cost synergies. In addition, LED industry continues to improve, we believe that the second half of 2017 to achieve greater growth."

In the third quarter of 2017, according to U.S. GAAP (GAAP) calculation, Veeco is expected to achieve revenues of 125 million to $145 million, gross profit of 46 million -5600 million. (compiled: LEDinside Nicole)

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