Veeco Instruments Inc
VECO
ISIN null / Valor 325908
Veeco Instruments Inc
UMushroom community rating:
About company
Veeco Instruments Inc. is a technology company specializing in the development and manufacturing of advanced semiconductor process equipment. The company provides a range of products including GaN and As/P MOCVD systems, which are used in applications such as displays, 3D sensing, LiDAR, micro LED displays, and optical data communications. Veeco is also a leader in lithography systems, addressing the challenges of device node shrinking down to 3nm. Additionally, the company offers atomic layer deposition tools for precise and uniform layer application, and epitaxial growth systems for SiC using Chemical Vapor Deposition (CVD). Veeco's Physical Vapor Deposition Systems are designed for thin film deposition applications, offering flexibility, advanced process capabilities, and high uniformity. The company supports its products with a global service network, ensuring maximum uptime and productivity for its customers.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (15.04.2026):
Veeco Instruments Inc.'s fourth quarter of 2025 results show revenue of $165.0 million and GAAP net income of $1.1 million ($0.02 diluted), down year‑over‑year from Q4 2024; on a non‑GAAP basis Q4 net income was $14.7 million ($0.24). For fiscal 2025 Veeco reported $664.3 million in revenue, GAAP net income of $35.4 million ($0.59 diluted) and non‑GAAP net income of $80.2 million ($1.33 diluted). Management cites stronger second‑half bookings and a planned merger with Axcelis as positioning the company for growth in 2026.
Q4 2025 revenue and year‑over‑year trend
Revenue in Q4 2025 was $165.0 million, down from $182.1 million in Q4 2024. Full‑year 2025 revenue was $664.3 million versus $717.3 million in 2024.
Q4 2025 earnings — GAAP vs Non‑GAAP
GAAP net income for Q4 2025 was $1.1 million, or $0.02 per diluted share (Q4 2024: $15.0M, $0.26). Non‑GAAP net income for Q4 2025 was $14.7 million, or $0.24 per diluted share (Q4 2024: $24.2M, $0.41).
Fiscal 2025 operating results
For FY 2025 GAAP net income was $35.4 million ($0.59 diluted) and non‑GAAP net income was $80.2 million ($1.33 diluted). Non‑GAAP operating income for FY 2025 was $84.3 million (GAAP operating income $35.7M).
Margins
Q4 2025 gross margin was 36.7% on a GAAP basis (non‑GAAP gross margin 37.7%), down from 40.6% GAAP in Q4 2024. FY 2025 GAAP gross margin was 40.0% (non‑GAAP 41.0%).
Balance sheet and liquidity
As of Dec. 31, 2025 Veeco held $163.5M in cash and cash equivalents and $226.8M in short‑term investments; inventories were $275.3M. Total assets were $1.326B and total stockholders’ equity was $885.5M; long‑term debt was $226.0M.
Guidance for Q1 2026 and FY 2026
Q1 2026 guidance: revenue $150M–$170M, GAAP diluted EPS ($0.03) to $0.07, non‑GAAP diluted EPS $0.14–$0.24. FY 2026 guidance: revenue $740M–$800M, GAAP diluted EPS $0.83–$1.17, non‑GAAP diluted EPS $1.50–$1.85.
Outlook and strategic notes
Management highlighted accelerated bookings in H2 2025 across semiconductor, compound semiconductor and data‑storage markets and expects AI and high‑performance computing demand to drive 2026 growth. The company also referenced the planned merger with Axcelis as a strategic catalyst.
Investor event
Veeco scheduled a conference call and webcast to review results on Feb. 25, 2026 (5:00 pm ET) and posted reconciliations of GAAP to non‑GAAP measures in the release. Summarized from source with an LLMView Source
Key figures
Performance
Volatility
2889 M
Market cap (USD)
844,154
Daily traded volume (Shares)
27.29 / 26.73
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
