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Veeco Instruments Inc.

NASDAQ•VECO
CEO: Dr. William John Miller Ph.D.
Sector: Technology
Industry: Semiconductors
Listing Date: 1994-11-29
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. 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, advanced packaging lithography, atomic layer deposition, and other deposition systems. 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 companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.
Contact Information
1 Terminal Drive, Plainview, NY, 11803, United States
516-677-0200
www.veeco.com
Market Cap
$2.42B
P/E (TTM)
67.2
52.1
Dividend Yield
--
52W High
$40.72
52W Low
$17.35
52W Range
97%
Rank60Top 89.2%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$165.02M+0.00%
4-Quarter Trend

EPS

$0.02+0.00%
4-Quarter Trend

FCF

$21.65M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Sales Decline 7% Total Net Sales reached $664.3M, a 7% decrease from $717.3M in 2024; Net Income fell 52% to $35.4M.
Semiconductor Sales Growth Semiconductor segment remains dominant at 72% of revenue, achieving 2% growth to $476.6M; Scientific & Other grew 20%.
Backlog Increased Significantly Backlog grew to $554.9M at year-end 2025, up from $409.6M in 2024, signaling future revenue potential.
Axcelis Merger Announced Entered Merger Agreement with Axcelis on September 30, 2025; closing expected in the second half of 2026 pending regulatory approvals.

Risk Factors

Global Trade Policy Uncertainty Exposure to global operations, including U.S./China trade disputes and tariffs, adversely affecting costs and demand for products.
Quarterly Revenue Volatility Long, unpredictable sales cycles mean timing of orders and shipments significantly impacts quarterly operating results and revenue recognition.
Merger Closing Conditions Pending Axcelis Merger faces regulatory approval risks; failure to close could materially affect stock price and business results.
Customer Concentration Risk High concentration in customer base and geography increases risk if key customers discontinue relationships or face economic setbacks.

Outlook

Advanced Logic Roadmap Focus Growth strategy centers on advanced node logic and memory, with next-gen annealing systems under evaluation at Tier 1 foundries.
Advanced Packaging Demand Steady Advanced Packaging business shows steady year-over-year growth driven by Heterogenous Integration and 3D Packaging demand from AI.
Compound Semiconductor Growth New Propel GaN and Lumina+ platforms support revenue growth expected in 2026, principally in the second half.
Data Storage Recovery Expected Data Storage revenue decline expected to reverse; new orders driven by cloud, AI data centers, and HAMR technology adoption.

Peer Comparison

Revenue (TTM)

UCTT stock ticker logoUCTT
$2.05B
-2.1%
PRGS stock ticker logoPRGS
$987.62M
+22.4%
EVTC stock ticker logoEVTC
$931.82M
+10.2%

Gross Margin (Latest Quarter)

ADEA stock ticker logoADEA
92.2%
-0.4pp
DV stock ticker logoDV
82.5%
-0.4pp
PRCH stock ticker logoPRCH
77.0%
+16.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AAOI$11.52B-281.9-7.5%14.3%
LASR$3.90B-151.6-10.7%11.4%
UCTT$3.50B-19.2-24.1%46.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.5%
Flat Growth
4Q Net Income CAGR
-54.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 5, 2026
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LTM
No Data