### @VECO — Confirmed — from the quarterly filing and earnings call
Give you some color on the quarter. Q1 came in at $158.3 million, down about 5% year over year at 36% non-GAAP gross margin — a touch below the midpoint of the guide and below the margin range. One laser-annealing system for a China customer needed an export license we were informed of by U.S. authorities, worth about $8 million. Q2 guided $170-190 million at 38-40% margin. Full year '26 still $740-800 million, growth weighted to the second half. Backlog ended '25 at $555 million, up about 35%, and management points to that as the visibility behind the second-half acceleration.
- tier: Confirmed (✓)
- source: VECO / The quarter, and the year it's holding to
- receipt: https://ticker.thevixguy.com/p/p-day-20260717-veco-src-veco-quarter-and-guide-ingest
- posted: 2026-07-17T02:31:26.032Z