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Emoji mehVeeco: Fiscal 1Q23 Financial Results

$21.5 million for storage

Total revenue for 1FQ23 is $153.5 million, compared with $156.4 million in the same period last year.

Net income is $16.9 million, or $0.30 per diluted share, compared with $21.7 million, or $0.38 per diluted share in 1FQ22.

14% of global revenue or $21.5 million is attributed to storage compared to $21.6 million one-year ago and $16.7 million million last quarter. Here storage means manufacturing products for ion-beam etch and deposition processes for thin-film magnetic heads for high-density HDDs.

Historical revenue for storage (in $ million)

Period Revenue
FY19 84.1
FY20 123.3
1FQ21 41.0
2FQ21 52.0
3FQ21 39.3
4FQ21 36.5
FY21 168.8
1FQ22 21.6
2FQ22 21.5
3FQ22 27.7
4FQ22 16.7
FY22
87.5
1FQ23 21.5

 

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