Zacks Investment Research·Jun 30, 2026
5 Small and Mid-Cap AI Stocks to Buy That Have Skyrocketed in 1H 2026BAND, AIP, PENG, ATEN and VECO are among small- and mid-cap AI stocks that surged in 1H 2026 with more room to grow in 2H.
Veeco Instruments Inc.(VECO)Earnings, Financials & Key Ratios
VECO•NASDAQ
$53.35
90.4× P/E·Price updated Jul 7, 2026
AboutVeeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.Show more
- Revenue$664M-7.4%
- EBITDA$39M-57.8%
- Net Income$35M-52.0%
- EPS (Diluted)0.59-52.0%
- Gross Margin39.95%-5.7%
- EBITDA Margin5.85%-54.5%
- Operating Margin5.38%-42.4%
- Net Margin5.33%-48.2%
- ROE4.27%-58.2%
VECO Price & Volume
Veeco Instruments Inc. (VECO) stock price & volume — 10-year historical chart
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Cyclical Revenue Contraction Pressures Operating Margin Stability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Cyclical Revenue and Export Controls
Key Thesis Takeaways
- Veeco Instruments faces a challenging period of top-line decline, with revenue contracting 5.4% year-over-year in 2026Q1 as the company navigates a difficult semiconductor capital expenditure cycle.
- While management has successfully reduced total debt to $257.4 million, the erosion of gross margins to 35.3% and persistent net losses suggest significant headwinds to achieving sustainable profitability.
- Investors should monitor the company's ability to scale operations effectively, as current high stock-based compensation expenses of $8.5 million per quarter continue to weigh on cash flow quality.
Verdict Logic
the company's inability to maintain positive operating income, evidenced by a $2.7 million loss in 2026Q1, combined with a high forward P/E of 43.46, suggests limited upside potential in the near term.
VECO Growth Metrics
Veeco Instruments Inc. (VECO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.37%
5 Years7.9%
3 Years0.93%
TTM-7.71%
Profit CAGR
10 Years-
5 Years-
3 Years-40.37%
TTM-63.77%
EPS CAGR
10 Years-
5 Years-
3 Years-39.84%
TTM-64.66%
Return on Capital
10 Years-3.86%
5 Years6.51%
3 Years5.71%
Last Year3.24%
VECO Recent Earnings
Veeco Instruments Inc. (VECO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.14-30.0%
$0.20
Rev
$158M-1.1%
$160M
Q1 2026
Feb 25, 2026Metric
Actual
Est
EPS
$0.24-4.0%
$0.25
Rev
$165M-0.0%
$165M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.36+28.6%
$0.28
Rev
$166M-0.2%
$166M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.36+63.6%
$0.22
Rev
$166M+4.5%
$159M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.14vs $0.20-30.0% | $158Mvs $160M-1.1% |
| Q1 2026 | Feb 25, 2026 | $0.24vs $0.25-4.0% | $165Mvs $165M-0.0% |
| Q4 2025 | Nov 5, 2025 | $0.36vs $0.28+28.6% | $166Mvs $166M-0.2% |
| Q3 2025 | Aug 6, 2025 | $0.36vs $0.22+63.6% | $166Mvs $159M+4.5% |
Based on last 12 quarters of dataView full earnings history →
Latest VECO News
Recent stock market news and headlines for Veeco Instruments Inc. (VECO)
Zacks Investment Research·Jun 26, 2026
Zacks Industry Outlook Kulicke and Soffa , Ultra Clean and VeecoKulicke and Soffa , Ultra Clean and Veeco have been highlighted in this Industry Outlook article.
Zacks Investment Research·Jun 25, 2026
3 Stocks to Buy From the Prospering Electronics Manufacturing IndustryThe Zacks Electronics - Manufacturing Machinery industry participants, such as KLIC, UCTT and VECO, are benefiting from strong demand for high-performance computing, advanced packaging and AI-driven demand amid challenging macroeconomic conditions.
Fool - Investing News·Jun 24, 2026
A Veeco Director Sold Nearly 18,000 Company Shares Worth $1.1 Million. Here's a Deeper Look at the Transaction.This semiconductor equipment maker, known for advanced deposition and etch systems, just reported a notable insider sale in SEC filings.
Fool - Investing News·Jun 24, 2026
Director Sells 43,000 Veeco Instruments Shares for $2.7 MillionVeeco Instruments, a supplier of semiconductor process equipment, reported a notable insider sale amid a year of sharp stock gains.
Peers Comparison
Key metrics vs top competitors for Veeco Instruments Inc. (VECO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $53.35 | $3.26B | 90.42 | -7.39% | 5.33% | 4.27% | — | |
| $90.78 | $4.13B | -22.70 | -2.08% | -9.38% | -25.39% | — | |
| $94.66 | $6.27B | 69.09 | 15.24% | 9.48% | 5.13% | — | |
| $279.93 | $13.92B | 100.69 | 1.82% | 10.33% | 5.19% | — | |
| $58.15 | $2.7B | -118.67 | -11.11% | -14.69% | -4.89% | — | |
| $50.97 | $2.39B | -32.06 | 12.74% | -11.54% | -6.84% | — |
Compare VECO vs Peers
Veeco Instruments Inc. (VECO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VECO SEC Filings & Documents
Veeco Instruments Inc. (VECO) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 7, 2026·SEC
Material company update
May 5, 2026·SEC
Material company update
Feb 25, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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VECO Frequently Asked Questions
Veeco Instruments Inc. (VECO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Veeco Instruments Inc.'s revenue?
Veeco Instruments Inc. (VECO) reported $655.3M in revenue for fiscal year 2025. This represents a 577% increase from $96.8M in 1996.
How fast is Veeco Instruments Inc. growing?
Veeco Instruments Inc. (VECO) saw revenue decline by 7.4% over the past year.
Is VECO profitable?
Yes, Veeco Instruments Inc. (VECO) is profitable, generating $23.1M in net income for fiscal year 2025 (5.3% net margin).
Dividend & Returns
What is VECO's return on equity?
Veeco Instruments Inc. (VECO) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.
What is Veeco Instruments Inc.'s free cash flow?
Veeco Instruments Inc. (VECO) generated $42.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.