Veeco Instruments Inc., a US manufacturer of MOCVD equipment, had revenues of $253 million in 2010, a significant increase of 251.4% over the same period last year. The industry's earnings per share reached 1.01 US dollars, far better than the net loss per share of 0.15 US dollars per share in the same period last year, of which MOCVD equipment shipments reached 81 units.
Veeco CEO John R. Peeler pointed out that Veeco Q2 received orders worth $347 million, a record high. Among them, LED and solar-related orders reached US$260 million, a 23% increase in quarter, and MOCVD equipment orders amounted to US$251 million.
In addition, he pointed out that Veeco Q2's order-to-bill ratio was 1.37, and the backlog of orders at Q2 reached a record high of $597 million.
Peeler said that Veeco currently plans to ship 100 MOCVD equipment in Q3 and plans to produce more than 120 units in Q4.
He also said that based on strong backlog orders and current order visibility, Veeco's revenue is expected to exceed $1 billion in 2010.
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