Solar and LED equipment bookings push Veeco’s order backlog to record levels

Facebook
Twitter
LinkedIn
Reddit
Email

Veeco Instruments has returned a small profit (US$1.3 million) for the first time in over a year, boosted by record quarterly bookings of US$226 million, which was dominated by LED and solar sectors, making up approximately 80% (US$179 million) of the bookings. Veeco noted that its equipment backlog now stood at US$287 million, with US$239M in LED & Solar.

“Momentum continued in our CIGS solar business in the third quarter, with a second key customer win for our ‘FastFlex’ Web Coating Systems and a repeat multi-million dollar order for thermal deposition components from a leading CIGS manufacturer,” commented John R. Peeler, Veeco’s Chief Executive Officer. “We experienced a 27% sequential improvement in Metrology orders, driven by new product success and a modest pick-up in activity from both research and industrial customers.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Veeco also said that it was seeing strong interest in its thermal deposition systems for CIGS thin film production and was well positioned to capture market share.

Third quarter revenue reached US$99 million, well above its guidance of US$80-88 million.

Read Next

July 11, 2025
Sabanci Renewables, the North American subsidiary of Turkish conglomerate Sabanci Holdings, is building a 156MWdc solar project in McLennan County, Texas.
July 11, 2025
Renewable electricity generation has grown more than twice as fast as total global electricity generation since 2012, according to the International Renewable Energy Agency (IRENA).
July 11, 2025
Indian independent power producer (IPP) Juniper Green Energy has commissioned an additional 71MWp at Chapalgaon Solar Project in Solapur, Maharashtra.
July 11, 2025
The Asia Pacific (APAC) region has accounted for 69% of the 589GW solar PV inverters shipped in 2024, according to a report from analyst Wood Mackenzie.
Premium
July 11, 2025
Analysis: A presidential executive order issued on Monday tightening up project start rules is causing concern among developers.
Premium
July 11, 2025
According to the latest pricing data from the Silicon Industry Branch, released on 9 July, the transaction price range for n-type dense polysilicon has oscillated between RMB34,000-38,000/ton (US$4,741-5,299/ton).

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK