- Management's lower gross margin guidance for Q2'21 has created some headwinds despite a pretty healthy revenue growth performance and outlook.
- There are signs of momentum in the LSA business, and winning process steps in memory in 2022 would be significant; the Ion Beam business is leveraged to ongoing EUV growth.
- Veeco has good exposure to growing storage demand and likely capacity investments in chip packaging, as well as more niche opportunities like VCSEL and GaN production.
- Better margins could still drive the shares toward $30, but that could take a little time.
For further details see:
Weaker Margin Guidance Overshadowing Progress At Veeco Instruments