Veeco: Fiscal 2Q22 Financial Results

Veeco Instruments Inc. announced financial results for its second quarter ended June 30, 2022.

Global revenues was $164.0 million, compared with $146.3 million in the same period last year.

Among its multiple businesses, it is involved in storage with ion-beam etch and deposition processes for thin-film magnetic heads for high-density HDDs, referred as “data storage” by the company.

This activity represents $21.5 million in 2FQ22 vs. $52.0 million in 1FQ22 or -59%, reflecting the large decreasing HDD WW market currently.

It is the equivalent of 13% of total sales in the most recent quarter vs. 14% in 1FQ22.