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Veeco Instruments Inc
NASDAQ:VECO

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Veeco Instruments Inc
NASDAQ:VECO
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Price: 38.96 USD 2.26%
Market Cap: $2.4B

Veeco Instruments Inc
Investor Relations

Veeco Instruments Inc., a name that resonates within the high-tech corridors of semiconductor and compound semiconductor industries, began its journey with a focus on developing precision tools. Headquartered in Plainview, New York, Veeco has carved a niche by offering advanced process equipment that plays a pivotal role in manufacturing LEDs, power electronics, and data storage devices. The company's robust portfolio includes metal organic chemical vapor deposition (MOCVD) systems, ion beam and molecular beam epitaxy (MBE) systems, and other innovative solutions that cater to a wide array of applications. These technologies enable manufacturers to produce highly refined and efficient components essential in the rapidly evolving electronics landscape. By focusing on innovation and niche market needs, Veeco remains vital to its clients who are constantly driving toward higher performance and miniaturization.

Revenue generation for Veeco Instruments primarily hinges on the sale and service of its capital equipment. They achieve this by not only selling the sophisticated hardware but also providing the necessary maintenance, upgrades, and technical support, ensuring longevity and optimal performance for their clients. Establishing long-term relationships with major semiconductor and electronic component manufacturers, Veeco thrives on the increasing demand for more efficient and cost-effective production methods. In parallel, their strategic innovations align them with mega trends, such as 5G deployment and IoT expansion, which only escalate the demand for advanced semiconductor technologies. This approach not only fortifies their market position but also propels them towards sustainable financial health and growth in a sector characterized by rapid technological advancement.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

2025 Performance: Veeco reported 2025 revenue of $664 million and EPS of $1.33, both at the midpoint of guidance, with record semiconductor business performance.

Backlog Growth: Order backlog rose to $555 million, up $145 million or 35% from last year, positioning the company for strong 2026 growth.

2026 Outlook: Full-year 2026 revenue is forecasted at $740–800 million, up 16% at the midpoint, with EPS guidance of $1.50–1.85 and gross margin expected to rise to 41–43%.

Segment Trends: Semiconductor revenue is expected to grow 15% to about $550 million in 2026; compound semiconductor and data storage revenues are both expected to increase significantly, while scientific revenue is forecast to decline.

AI & New Product Demand: Demand from AI and high-performance computing is driving strong order activity, especially for advanced packaging and next-gen products.

Axcelis Merger: Shareholders approved the all-stock merger with Axcelis; regulatory approvals are progressing, with deal completion expected in the second half of 2026.

Key Financials
Revenue
$664 million
EPS
$1.33
Gross Margin
41%
Operating Expenses
$188 million
Operating Income
$84 million
Net Income
$80 million
Order Backlog
$555 million
Cash and Short-term Investments
$390 million
Cash Flow from Operations
$69 million
Semiconductor Revenue
$477 million
Compound Semiconductor Revenue
$60 million
Data Storage Revenue
$39 million
Scientific and Other Revenue
$89 million
Q4 Revenue
$165 million
Q4 EPS
$0.24
Q1 2026 Revenue Guidance
$150–170 million
Q1 2026 Gross Margin Guidance
37–38%
Q1 2026 EPS Guidance
$0.14–0.24
Earnings Call Recording
Other Earnings Calls

Management

Dr. William John Miller Ph.D.
CEO & Director
No Bio Available
Mr. John P. Kiernan CPA
Senior VP & CFO
No Bio Available
Ms. Susan Wilkerson
Senior Vice President of Global Sales & Services
No Bio Available
Dr. Peter Porshnev Ph.D.
Senior Vice President of Unified Engineering
No Bio Available
Dr. Adrian Devasahayam Ph.D.
Senior Vice President of Product Line Management
No Bio Available
Mr. Jean-Charles Bossert
Senior Vice President of Global Operations
No Bio Available
Mr. Robert W. Bradshaw
Chief Administrative Officer
No Bio Available
Mr. Anthony Pappone
Head of Investor Relations
No Bio Available
Mr. Kirk W. Mackey
VP, Head of Legal, General Counsel & Secretary
No Bio Available

Contacts

Address
NEW YORK
Plainview
Terminal Drive
Contacts
+15166770200.0
www.veeco.com
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