Veeco Instruments Inc. logo

Veeco Instruments Inc.

VECO

NASDAQTechnologySemiconductors

Latest quote

$46.82

−$1.13 · -2.36%

Aug 24, 12:28 PM ET

VECO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

13

Overpriced

Momentum

45

Neutral

Sentiment

51

Mixed

Risk resilience

42

Elevated Risk

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Company profile

Company website

Veeco Instruments Inc., operating globally with its subsidiaries, specializes in the engineering, production, sale, and support of advanced semiconductor and thin film process equipment used primarily in the manufacture of electronic devices. Their comprehensive product portfolio features systems such as laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition (MOCVD), single wafer wet processing and surface preparation, molecular beam epitaxy (MBE), and atomic layer deposition (ALD), alongside other deposition solutions and packaging lithography tools. These advanced processing platforms are essential for manufacturing diverse microelectronic components, including logic chips, dynamic random-access memory (DRAM), photonics devices, power electronics, radio frequency (RF) filters and amplifiers, magnetic heads for hard disk drives, and various other semiconductor applications. The company's clientele encompasses integrated device manufacturers (IDMs), foundries, outsourced semiconductor assembly and test (OSAT) providers, hard disk drive and photonics producers, as well as educational institutions and research facilities. Established in 1945, Veeco Instruments Inc. is headquartered in Plainview, New York.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
William John Miller
Listed since
Nov 29, 1994
Employees
1,265

Market position

Volume
86.07K
0.06× average
Average volume
1.41M
Average daily volume
Market cap
2.85B USD
Beta
1.39
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.79B USD
P/E (TTM)
121.94×
P/B (TTM)
3.16×
P/S (TTM)
4.18×
EV / EBITDA
34.71×
Earnings yield
2.09%
Free cash flow yield
2.70%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
37.81%
Operating margin
3.26%
Net margin
3.40%
Return on equity
4.00%
Return on assets
2.67%
Return on invested capital
2.79%

Financial health

Debt / equity
0.28×
Current ratio
4.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends48%29%10%-9%Gross margin, FY2021: 41.54%Gross margin, FY2022: 40.73%Gross margin, FY2023: 42.77%Gross margin, FY2024: 42.38%Gross margin, FY2025: 39.95%Operating margin, FY2021: 9.72%Operating margin, FY2022: 9.33%Operating margin, FY2023: 10.49%Operating margin, FY2024: 9.34%Operating margin, FY2025: 5.38%Net margin, FY2021: 4.46%Net margin, FY2022: 25.84%Net margin, FY2023: -4.56%Net margin, FY2024: 10.28%Net margin, FY2025: 5.33%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 41.54%. Gross margin FY2022 40.73%. Gross margin FY2023 42.77%. Gross margin FY2024 42.38%. Gross margin FY2025 39.95%. Operating margin FY2021 9.72%. Operating margin FY2022 9.33%. Operating margin FY2023 10.49%. Operating margin FY2024 9.34%. Operating margin FY2025 5.38%. Net margin FY2021 4.46%. Net margin FY2022 25.84%. Net margin FY2023 -4.56%. Net margin FY2024 10.28%. Net margin FY2025 5.33%.

Income trends

Revenue

664.29M USD-7.39%

Operating income

35.71M USD-46.69%

Net income

35.39M USD-51.99%
Income trends across reported periods792.07M USD493M USD193.93M USD−105.13M USDRevenue, FY2021: 583.28M USDRevenue, FY2022: 646.14M USDRevenue, FY2023: 666.44M USDRevenue, FY2024: 717.3M USDRevenue, FY2025: 664.29M USDOperating income, FY2021: 56.71M USDOperating income, FY2022: 60.3M USDOperating income, FY2023: 69.94M USDOperating income, FY2024: 66.98M USDOperating income, FY2025: 35.71M USDNet income, FY2021: 26.04M USDNet income, FY2022: 166.94M USDNet income, FY2023: −30.37M USDNet income, FY2024: 73.71M USDNet income, FY2025: 35.39M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 583.28M USD. Revenue FY2022 646.14M USD. Revenue FY2023 666.44M USD. Revenue FY2024 717.3M USD. Revenue FY2025 664.29M USD. Operating income FY2021 56.71M USD. Operating income FY2022 60.3M USD. Operating income FY2023 69.94M USD. Operating income FY2024 66.98M USD. Operating income FY2025 35.71M USD. Net income FY2021 26.04M USD. Net income FY2022 166.94M USD. Net income FY2023 −30.37M USD. Net income FY2024 73.71M USD. Net income FY2025 35.39M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue664.29M USD717.3M USD666.44M USD646.14M USD583.28M USD
Cost of goods sold398.89M USD413.3M USD381.38M USD382.99M USD341M USD
Gross profit265.41M USD304.01M USD285.06M USD263.15M USD242.27M USD
Research and development119.64M USD124.51M USD112.85M USD103.57M USD88.68M USD
Selling, general, and administrative98.91M USD99.66M USD92.76M USD88.95M USD84.54M USD
Operating expenses229.7M USD237.02M USD215.12M USD202.85M USD185.56M USD
Interest income13.47M USD12.9M USD10.58M USD2.2M USD2.34M USD
Interest expense9.14M USD11.05M USD11.77M USD11.51M USD28.36M USD
Depreciation and amortization3.14M USD25.14M USD24.97M USD25.65M USD26.06M USD
Operating income35.71M USD66.98M USD69.94M USD60.3M USD56.71M USD
Net income35.39M USD73.71M USD−30.37M USD166.94M USD26.04M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$55.00

17.70% upside
Past 12 months12-month forecast

Price history unavailable

High $55.00Average $55.00Low $55.00

Recent analyst actions

7 institutions
Northland Capital MarketsmaintainOutperform

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