VECO Stock - Veeco Instruments Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $717.30M | $666.43M | $646.14M | $583.28M | $454.16M |
| Gross Profit | $304.00M | $285.06M | $263.15M | $242.27M | $194.30M |
| Gross Margin | 42.4% | 42.8% | 40.7% | 41.5% | 42.8% |
| Operating Income | $66.98M | $69.94M | $60.30M | $56.71M | $22.57M |
| Net Income | $73.71M | $-30,368,000 | $166.94M | $26.04M | $-8,391,000 |
| Net Margin | 10.3% | -4.6% | 25.8% | 4.5% | -1.8% |
| EPS | $1.31 | $-0.56 | $3.35 | $0.53 | $-0.17 |
Veeco 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 7th 2025 | Northland Capital | Downgrade | Market Perform | $30 |
| January 6th 2025 | Citigroup | Upgrade | Buy | $33 |
| July 15th 2024 | Citigroup | Downgrade | Neutral | $50← $45 |
| September 13th 2023 | Citigroup | Initiation | Buy | $35 |
| September 1st 2023 | Needham | Initiation | Buy | $35 |
| January 23rd 2023 | Barclays | Downgrade | Equal Weight | $20← $19 |
Earnings History & Surprises
VECOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 5, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $0.25 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.28 | $0.36 | +28.6% | ✓ BEAT |
Q3 2025 | Aug 6, 2025 | $0.22 | $0.36 | +63.6% | ✓ BEAT |
Q2 2025 | May 7, 2025 | $0.32 | $0.37 | +15.6% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $0.40 | $0.41 | +2.5% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.45 | $0.46 | +2.2% | ✓ BEAT |
Q3 2024 | Aug 6, 2024 | $0.44 | $0.42 | -4.5% | ✗ MISS |
Q2 2024 | May 7, 2024 | $0.41 | $0.45 | +9.8% | ✓ BEAT |
Q1 2024 | Feb 14, 2024 | $0.43 | $0.51 | +18.6% | ✓ BEAT |
Q4 2023 | Nov 6, 2023 | $0.37 | $0.53 | +43.2% | ✓ BEAT |
Q3 2023 | Aug 7, 2023 | $0.30 | $0.36 | +20.0% | ✓ BEAT |
Q2 2023 | May 8, 2023 | $0.20 | $0.30 | +50.0% | ✓ BEAT |
Q1 2023 | Feb 15, 2023 | $0.35 | $0.38 | +8.6% | ✓ BEAT |
Q4 2022 | Nov 7, 2022 | $0.41 | $0.45 | +9.8% | ✓ BEAT |
Q3 2022 | Aug 8, 2022 | $0.28 | $0.35 | +25.0% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $0.36 | $0.38 | +5.6% | ✓ BEAT |
Q1 2022 | Feb 16, 2022 | $0.36 | $0.43 | +19.4% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.35 | $0.40 | +14.3% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.27 | $0.35 | +29.6% | ✓ BEAT |
Latest News
Veeco Announces that A Semiconductor Company Has Selected Veeco's Annealing For Evaluation In Its DRAM R&D Group
📈 PositiveCitigroup Maintains Buy on Veeco Instruments, Raises Price Target to $36
📈 PositiveVeeco Instruments Sees Q4 GAAP EPS $(0.07)-$0.05 vs $0.12 Est
📉 NegativeVeeco Instruments Sees Q4 Adj EPS $0.16-$0.32 vs $0.30 Est; Sees Sales $155.000M-$175.000M vs $165.013M Est
➖ NeutralVeeco Instruments Q3 Adj. EPS $0.36 Beats $0.28 Estimate, Sales $165.881M Beat $160.488M Estimate
📈 PositiveVeeco Instruments Receives An Order For A Propel300 System From A Major Power Semiconductor Integrated Device Manufacturer For Gallium Nitride Epitaxy On 300mm Silicon Wafers
📈 PositiveVeeco Instruments Receives Multiple Orders From A Leading Specialist Foundry For Its Advanced Wet Processing And Lithography Systems
📈 PositiveVeeco Instruments Announces Leading Optical Communications Laser Manufacturer Placed An Order For Multiple Lumina MOCVD Systems
📈 PositiveVeeco Instruments Expects No Material Impact On Anticipated China-Based Business From Affiliates Rule
📈 PositiveTrading Halt: Halt status updated at 7:15:00 AM ET: Quotation Resumption: News and Resumption Times
➖ NeutralTrading Halt: Halted at 6:55:00 a.m. ET - Trading Halt: Halt News Pending
➖ NeutralVeeco Instruments Announces The Launch And First Commercial Multi-Tool Order For Its New Lumina+ Metal-organic Chemical Vapor Deposition System; Rocket Lab to Purchase The Tools As Part Of Its Ongoing Project Under The Department Of Commerce's Chips And Science Act To Expand Domestic Production Of Compound Semiconductor Products
📈 PositiveNeedham Downgrades Veeco Instruments to Hold
📉 NegativeVeeco Instruments, Axcelis to merge in $4.4B deal
📈 PositiveTrading Halt: Halt status updated at 7:15:00 AM ET: Quotation Resumption: News and Resumption Times
➖ NeutralAxcelis Technologies And Veeco Instruments Enter All-Stock Combination, With Combined Co. To Have Expected Enterprise Value ~$4.4B; Veeco Shareholders to Receive 0.3575 Axcelis Shares For Each Share Owned
➖ NeutralTrading Halt: Halted at 6:55:00 a.m. ET - Trading Halt: Halt News Pending
➖ NeutralFrequently Asked Questions about VECO
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