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Veeco CEO John R. Peeler pointed out that the company's Q2 business orders reached $ 311 million, an increase of 35%. Orders for LED and solar business were $273 million, of which MOCVD orders increased 34% to $250 million; molecular beam extension business orders were $24 million; and data storage business orders were $38 million, an increase of 15%. The company's 2011 Q2 order-to-ship ratio was 1.17/1.
In addition, John R. Peeler emphasized that the company's new high-brightness MOCVD system has been well received, with new systems booking more than $100 million in Q2, accounting for 40% of the total MOCVD system bookings.
Looking ahead to Q3, John R. Peeler said that MOCVD demand is still large. MOCVD orders will definitely fluctuate with each quarter, depending on the customer's payment time. In the short term, orders may be affected by several factors such as the recent depressed LED industry terminal market demand and global macroeconomic concerns. It is expected that Q3 orders will be less than Q2.
He pointed out that Veeco's third-quarter revenue is expected to be between $2.35 and $285 million. Current earnings per share are estimated to be between $0.92 and $1.32 based on GAAP and $1.00 to $1.40 for non-GAAP calculations.
According to statistics, Veeco has shipped MOCVD in the first half of the year, 50% of which was used in the field of LED lighting, an increase of 28% over the same period last year. 
Veeco Announces 2012 Revenue of $265 Million in Q2
Recently, the US MOCVD giant Veeco released its Q2 financial report as of 2011. Veeco's second-quarter revenue was approximately $265 million, a 4% increase in the quarter and an annual increase of 20%; non-GAAP net income was approximately $58 million, with an average earnings per share of $1.34. Among them, LED and solar energy revenues were US$219 million, and MOVCD equipment revenues reached US$206 million.