MOCVD equipment supplier Veeco Instruments Inc. announced its fourth quarter (October-December) 2011 earnings report: revenue decreased by 36.1% (quarterly by 28.5%) to $191.7 million; earnings per share of the industry It was $0.72, down from $1.75 in the same period last year.
Looking forward to this quarter (January-March), Veeco expects revenue to be between $1.15-1.40 billion; the industry's earnings per share will be between $0.13-0.34. Veeco estimates that revenue will reach $500 million to $600 million this year, down 39-49% from $979 million in 2011.
Veeco pointed out that the LED industry has not shown any signs of recovery in the near future. The current overcapacity situation means that MOCVD orders may remain at a low level in the next few quarters. The consumer electronics LED application market may become saturated in a few years, but the general lighting LED market is still in its infancy; it is estimated that LED will win more than 25% of the global lighting market in 2015, and in 2020 Leap into the mainstream.
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