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Veeco EXHIBIT 99.1 VEECO REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS Second Quarter 2021 Highlights : Revenues of $ 146.3 million , compared with $ 98.6 million in the same period last year GAAP net income of $ 6.3 million , or $ 0.12 per diluted share , compared with a loss of $ 8.3 million , or $ 0.17 loss per diluted share in the same period last year Non - GAAP net income of $ 17.9 million , or $ 0.35 per diluted share , compared with $ 5.5 million , or $ 0.11 per diluted share in the same period last year Plainview , N.Y. , August 3 , 2021 -- Veeco Instruments Inc. ( Nasdaq : VECO ) today announced financial results for its second quarter ended June 30 , 2021. Results are reported in accordance with U.S. generally accepted accounting principles ( “ GAAP ” ) and are also reported adjusting for certain items ( " Non - GAAP " ) . A reconciliation between GAAP and Non - GAAP operating results is provided at the end of this press release . U.S. Dollars in millions , except per share data GAAP Results Revenue Net income ( loss ) Diluted earnings ( loss ) per share Non - GAAP Results Net income ( loss ) Operating income ( loss ) Diluted earnings ( loss ) per share SA SASA Q2 '21 Q2 '20 $ 146.3 $ 98.6 $ 6.3 $ ( 8.3 ) $ 0.12 $ ( 0.17 ) Q2 '21 Q2 '20 $ 17.9 $ $ 21.3 $ 0.35 SSS 5.5 $ 8.0 $ 0.11 " Veeco delivered solid performance in the second quarter with revenue and EPS at the high end of our guidance range , ” commented William J. Miller , Ph.D. , Chief Executive Officer . “ Sales were driven primarily by shipments to our Semiconductor and Data Storage customers . " We are on track to deliver exceptional growth in 2021 and our evaluation systems in the field are performing well giving us confidence in our longer term growth plan , " continued Dr. Miller . “ In addition , progress on our new manufacturing facility , supporting the Semiconductor market , is on schedule and will enable us to meet future demand with increased manufacturing capacity . " 1