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Semicap·VECO
Veeco Instruments Inc.
NASDAQ · US
Deposition, laser annealing, ion beam, and wet-processing equipment supplier.
AI relevance
Specialty process-equipment exposure for advanced logic, photonics, and AI-related devices.
Price
$79.65
Change
+3.87 (+5.11%)
Market cap
$4.9B
52w range
$19–$87
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
VECO market performance
Daily close for Veeco Instruments Inc.
- Latest close
- $79.65
- Range move
- +$59.42 (+293.7%)
- Range high
- $83.04
- Range low
- $19.71
- Latest volume
- 1.8M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
66 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus36 ratings
Strong buy
0
Buy
19
Hold
15
Sell
2
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $782.8M | $723.1M - $811.0M | $1.63 | $1.47 - $1.71 | $79.9M | $54.6M | $96.4M | $111.1M | 3 rev / 2 EPS |
| 2027-12-31 | $1.08B | $994.4M - $1.12B | $3.34 | $3.01 - $3.50 | $109.9M | $75.1M | $197.2M | $152.8M | 3 rev / 2 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $180.1M | $177.0M - $183.7M | $0.26 | $0.25 - $0.26 | $18.4M | $12.6M | $15.6M | $25.6M | 2 rev / 3 EPS |
| 2026-09-30 | $209.7M | $206.1M - $213.8M | $0.52 | $0.51 - $0.53 | $21.4M | $14.6M | $31.5M | $29.8M | 2 rev / 2 EPS |
| 2026-12-31 | $234.7M | $230.6M - $239.3M | $0.71 | $0.69 - $0.73 | $24.0M | $16.4M | $42.7M | $33.3M | 1 rev / 1 EPS |
| 2027-03-31 | $246.7M | $242.5M - $251.6M | $0.72 | $0.71 - $0.74 | $25.2M | $17.2M | $43.6M | $35.0M | 1 rev / 1 EPS |
| 2027-06-30 | $268.0M | $263.4M - $273.3M | $0.81 | $0.79 - $0.83 | $27.4M | $18.7M | $48.9M | $38.0M | 1 rev / 1 EPS |
| 2027-09-30 | $281.0M | $276.2M - $286.6M | $0.90 | $0.88 - $0.93 | $28.7M | $19.6M | $54.5M | $39.9M | 1 rev / 1 EPS |
| 2027-12-31 | $294.5M | $289.4M - $300.4M | $1.01 | $0.99 - $1.04 | $30.1M | $20.6M | $61.0M | $41.8M | 1 rev / 1 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 1 | $55.00 |
| Last year | 3 | $38.33 |
| All time | 9 | $35.22 |
Sources: TheFly, StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-05-19 | Barclays | Maintain | Equal Weight | Equal Weight |
| 2026-05-06 | Citigroup | Maintain | Buy | Buy |
| 2026-02-26 | Citigroup | Maintain | Buy | Buy |
| 2025-11-12 | Citigroup | Maintain | Buy | Buy |
| 2025-10-03 | Needham | Downgrade | Buy | Hold |
| 2025-08-07 | Needham | Maintain | Buy | Buy |
| 2025-08-07 | Benchmark | Maintain | Buy | Buy |
| 2025-05-09 | Goldman Sachs | Maintain | Neutral | Neutral |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-06-01 | 0 | 1 | 3 | 0 | 0 |
| 2026-05-01 | 0 | 1 | 3 | 0 | 0 |
| 2026-04-01 | 0 | 2 | 3 | 0 | 0 |
| 2026-03-01 | 0 | 2 | 3 | 0 | 0 |
| 2026-02-01 | 0 | 2 | 3 | 0 | 0 |
| 2026-01-01 | 0 | 2 | 3 | 0 | 0 |
| 2025-12-01 | 0 | 2 | 3 | 0 | 0 |
| 2025-11-01 | 1 | 2 | 3 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $664.3M | $265.4M | 40.0% | $119.6M | $35.7M | $51.7M | $35.4M | $0.60 |
| FY 2024 | $717.3M | $304.0M | 42.4% | $124.5M | $67.0M | $105.0M | $73.7M | $1.31 |
| FY 2023 | $666.4M | $285.1M | 42.8% | $112.9M | $69.9M | $8.4M | -$30.4M | $-0.56 |
| FY 2022 | $646.1M | $263.1M | 40.7% | $103.6M | $60.3M | $88.1M | $166.9M | $3.35 |
| FY 2021 | $583.3M | $242.3M | 41.5% | $88.7M | $56.7M | $80.1M | $26.0M | $0.53 |
| FY 2020 | $454.2M | $194.3M | 42.8% | $79.0M | $22.6M | $47.0M | -$8.4M | $-0.17 |
| FY 2019 | $419.3M | $158.2M | 37.7% | $90.6M | -$39.6M | -$21.5M | -$78.7M | $-1.66 |
| FY 2018 | $542.1M | $193.7M | 35.7% | $97.8M | -$415.5M | -$362.3M | -$407.1M | $-8.63 |
| FY 2017 | $484.8M | $184.3M | 38.0% | $82.0M | -$63.8M | -$19.4M | -$44.8M | $-1.01 |
| FY 2016 | $332.5M | $132.9M | 40.0% | $81.0M | -$120.4M | -$86.6M | -$122.2M | $-3.11 |
| FY 2015 | $477.0M | $177.2M | 37.2% | $78.5M | -$23.2M | $17.7M | -$32.0M | $-0.80 |
| FY 2014 | $392.9M | $134.9M | 34.3% | $81.2M | -$79.2M | -$53.1M | -$66.9M | $-1.70 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $63.8M | $18.1M | $45.7M |
| FY 2024 | $63.8M | $18.1M | $45.7M |
| FY 2023 | $61.7M | $27.9M | $33.7M |
| FY 2022 | $108.5M | $24.6M | $83.9M |
| FY 2021 | $67.7M | $40.6M | $27.1M |
| FY 2020 | $43.0M | $6.8M | $36.2M |
| FY 2019 | -$7.4M | $10.9M | -$18.3M |
| FY 2018 | -$37.7M | $12.7M | -$50.4M |
| FY 2017 | $34.1M | $24.3M | $9.9M |
| FY 2016 | -$23.8M | $11.5M | -$35.3M |
| FY 2015 | $15.8M | $13.9M | $1.9M |
| FY 2014 | $42.1M | $15.6M | $26.5M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $390.2M | $145.5M | $275.3M | $133.3M | $1.33B | $262.0M | $98.5M | $440.3M | $885.5M |
| FY 2024 | $344.3M | $133.9M | $246.7M | $140.3M | $1.25B | $314.3M | $168.7M | $480.8M | $770.8M |
| FY 2023 | $305.4M | $127.4M | $237.6M | $142.8M | $1.23B | $310.5M | $151.7M | $556.6M | $672.4M |
| FY 2022 | $302.4M | $140.7M | $206.9M | $133.7M | $1.13B | $311.6M | $156.6M | $550.4M | $577.8M |
| FY 2021 | $223.9M | $127.9M | $170.9M | $128.6M | $899.0M | $266.7M | $147.0M | $461.3M | $437.6M |
| FY 2020 | $319.4M | $101.2M | $145.9M | $75.5M | $898.1M | $331.6M | $201.9M | $489.7M | $408.4M |
| FY 2019 | $244.5M | $71.0M | $133.1M | $90.2M | $818.1M | $314.6M | $185.3M | $443.6M | $374.5M |
| FY 2018 | $260.5M | $77.2M | $156.3M | $80.3M | $900.8M | $287.4M | $75.1M | $463.0M | $437.8M |
| FY 2017 | $327.5M | $99.0M | $120.3M | $85.1M | $1.39B | $275.6M | -$4.1M | $546.6M | $840.7M |
| FY 2016 | $344.2M | $58.0M | $77.1M | $60.6M | $758.5M | $1.2M | -$276.3M | $163.9M | $594.6M |
| FY 2015 | $385.3M | $49.5M | $77.5M | $79.6M | $890.8M | $1.5M | -$267.7M | $176.2M | $714.6M |
| FY 2014 | $391.4M | $60.1M | $61.5M | $78.8M | $929.5M | $1.8M | -$269.0M | $190.5M | $738.9M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 40.0% | 5.4% | 5.3% | 4.7x | 3.2x | 4.0% | 2.8% | 2.7x | 34.7x | 2.7% | 18.0% | 281d |
| FY 2024 | 42.4% | 9.3% | 10.3% | 4.0x | 2.7x | 9.6% | 6.1% | 2.3x | 16.0x | 3.0% | 17.4% | 248d |
| FY 2023 | 42.8% | 10.5% | -4.6% | 3.2x | 2.1x | -4.5% | 6.9% | 2.7x | 216.7x | 2.0% | 16.9% | 257d |
| FY 2022 | 40.7% | 9.3% | 25.8% | 2.6x | 1.8x | 28.9% | 6.7% | 1.7x | 12.3x | 9.0% | 16.0% | 227d |
| FY 2021 | 41.5% | 9.7% | 4.5% | 2.9x | 2.0x | 5.9% | 7.9% | 2.6x | 19.3x | 1.9% | 15.2% | 215d |
| FY 2020 | 42.8% | 5.0% | -1.8% | 4.0x | 3.0x | -2.1% | 3.0% | 2.3x | 22.2x | 4.3% | 17.4% | 239d |
| FY 2019 | 37.7% | -9.4% | -18.8% | 4.0x | 2.9x | -21.0% | -5.6% | 2.1x | -41.1x | -2.6% | 21.6% | 218d |
| FY 2018 | 35.7% | -76.6% | -75.1% | 3.2x | 2.3x | -93.0% | -52.6% | 0.8x | -1.2x | -14.4% | 18.0% | 174d |
| FY 2017 | 38.0% | -13.2% | -9.2% | 2.7x | 2.1x | -5.3% | -3.0% | 1.3x | -33.5x | 1.5% | 16.9% | 160d |
| FY 2016 | 40.0% | -36.2% | -36.8% | 3.5x | 3.0x | -20.6% | -19.6% | 2.6x | -10.1x | -3.1% | 24.4% | 163d |
| FY 2015 | 37.2% | -4.9% | -6.7% | 3.3x | 2.9x | -4.5% | -3.2% | 1.2x | 31.1x | 0.2% | 16.5% | 96d |
| FY 2014 | 34.3% | -20.2% | -17.0% | 3.3x | 2.9x | -9.1% | -8.9% | 2.8x | -20.8x | 1.9% | 20.7% | 117d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | -7.4% | -12.7% | -3.9% | -46.7% | -52.0% | -54.2% | 0.0% | 0.0% | +13.3% | +11.6% | +5.9% | -16.6% |
| FY 2024 | +7.6% | +6.6% | +10.3% | -4.2% | +342.7% | +333.9% | +35.4% | +35.1% | +12.7% | +3.8% | +1.8% | +1.2% |
| FY 2023 | +3.1% | +8.3% | +9.0% | +16.0% | -118.2% | -116.7% | -59.8% | -13.5% | +1.0% | +14.9% | +8.9% | -0.3% |
| FY 2022 | +10.8% | +8.6% | +16.8% | +6.3% | +541.1% | +532.1% | +209.5% | +39.5% | +35.0% | +21.1% | +25.5% | +16.8% |
| FY 2021 | +28.4% | +24.7% | +12.3% | +151.3% | +410.3% | +411.8% | -25.2% | -497.5% | -29.9% | +17.1% | +0.1% | -19.6% |
| FY 2020 | +8.3% | +22.8% | -12.8% | +157.0% | +89.3% | +89.8% | +298.0% | +37.4% | +30.6% | +9.6% | +9.8% | +5.4% |
| FY 2019 | -22.6% | -18.3% | -7.4% | +90.5% | +80.7% | +80.8% | +63.7% | +14.1% | -6.1% | -14.9% | -9.2% | +9.5% |
| FY 2018 | +11.8% | +5.1% | +19.2% | -551.5% | -808.8% | -754.5% | -610.4% | +47.9% | -20.5% | +30.0% | -35.1% | +4.3% |
| FY 2017 | +45.8% | +38.7% | +1.2% | +47.0% | +63.3% | +67.5% | +128.0% | -111.4% | -4.9% | +56.1% | +82.9% | +22984.6% |
| FY 2016 | -30.3% | -25.0% | +3.1% | -418.3% | -282.2% | -288.7% | -1957.2% | +17.3% | -10.7% | -0.5% | -14.8% | -22.1% |
| FY 2015 | +21.4% | +31.4% | -3.2% | +70.7% | +52.2% | +52.9% | -92.8% | +10.9% | -1.6% | +26.0% | -4.2% | -17.0% |
| FY 2014 | +18.4% | +30.8% | -0.3% | -10.3% | -58.4% | -56.0% | +413.5% | -69.9% | -20.5% | +2.9% | -2.0% | -13.6% |
SegmentsFY 2025
Revenue Mix
Latest product mixFY 2025 · $664.3M
Semiconductor$476.6M · 71.7%
Scientific And Other$88.9M · 13.4%
Compound Semiconductor$59.6M · 9.0%
Data Storage$39.2M · 5.9%
Latest geography mixFY 2025 · $664.3M
Asia Pacific Excluding China$330.2M · 49.7%
CHINA$181.8M · 27.4%
UNITED STATES$101.4M · 15.3%
EMEA$50.8M · 7.6%
Rest Of World$118,000 · 0.0%
Product revenue annual
| Period | Total | Semiconductor | Lighting Display And Power Electronics | Data Storage | Compound Semiconductor | Scientific And Industrial | Advanced Packaging Mems And Rf | Scientific And Other | Mocvd | Led Lighting Display And Compound Semiconductor | Front End Semiconductor | Scientific & Other | Ion Beam And Other | Mbe | Surface Processing |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $664.3M | $476.6M | -- | $39.2M | $59.6M | -- | -- | $88.9M | -- | -- | -- | -- | -- | -- | -- |
| FY 2024 | $717.3M | $466.6M | -- | $98.9M | $77.6M | -- | -- | $74.2M | -- | -- | -- | -- | -- | -- | -- |
| FY 2023 | $666.4M | $412.7M | -- | $88.5M | $87.3M | -- | -- | $78.0M | -- | -- | -- | -- | -- | -- | -- |
| FY 2022 | $646.1M | $369.4M | -- | $87.5M | $121.2M | -- | -- | -- | -- | -- | -- | $68.0M | -- | -- | -- |
| FY 2021 | $583.3M | $247.1M | -- | $168.8M | $107.0M | -- | -- | -- | -- | -- | -- | $60.5M | -- | -- | -- |
| FY 2020 | $454.2M | $165.9M | -- | $123.3M | $107.9M | -- | -- | $57.0M | -- | -- | -- | -- | -- | -- | -- |
| FY 2019 | $419.3M | -- | $72.8M | -- | -- | $159.5M | $66.9M | -- | -- | -- | $120.1M | -- | -- | -- | -- |
| FY 2018 | $542.1M | -- | $250.0M | -- | -- | $138.8M | $90.8M | -- | -- | -- | $62.6M | -- | -- | -- | -- |
| FY 2017 | $484.8M | -- | -- | -- | -- | $120.8M | $69.4M | -- | -- | $253.8M | $40.8M | -- | -- | -- | -- |
| FY 2016 | $332.5M | -- | $136.2M | $53.0M | -- | $74.9M | $68.3M | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2015 | $477.0M | -- | $291.1M | $59.7M | -- | $64.3M | $61.9M | -- | -- | -- | -- | -- | -- | -- | -- |
| FY 2014 | $392.9M | -- | -- | -- | -- | -- | -- | -- | $279.8M | -- | -- | -- | $77.2M | $28.0M | $7.9M |
Geography revenue annual
| Period | Total | Asia Pacific Excluding China | C | U | Rest Of World | CHINA | UNITED STATES | E M E A | Rest of APAC | EMEA | Asia Pacific | China | United States | Europe Middle East Africa And Other |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $664.3M | $330.2M | -- | -- | $118,000 | $181.8M | $101.4M | -- | -- | $50.8M | -- | -- | -- | -- |
| FY 2024 | $717.3M | $234.6M | -- | -- | $797,000 | $255.6M | $164.6M | -- | -- | $61.7M | -- | -- | -- | -- |
| FY 2023 | $666.4M | $208.7M | -- | -- | $313,000 | $217.9M | $162.8M | -- | -- | $76.7M | -- | -- | -- | -- |
| FY 2022 | $646.1M | -- | -- | -- | $1.4M | -- | -- | -- | $235.7M | $87.8M | -- | $123.7M | $197.4M | -- |
| FY 2021 | $583.3M | -- | -- | -- | $308,000 | -- | $217.2M | -- | $204.6M | $55.1M | -- | $106.0M | -- | -- |
| FY 2020 | $454.2M | $177.6M | $57.6M | $145.4M | $528,000 | -- | -- | $73.1M | -- | -- | -- | -- | -- | -- |
| FY 2019 | $419.3M | -- | $71.1M | $126.2M | $164.8M | -- | -- | $57.4M | -- | -- | -- | -- | -- | -- |
| FY 2018 | $542.1M | -- | $194.0M | $125.7M | $133.3M | -- | -- | $89.1M | -- | -- | -- | -- | -- | -- |
| FY 2017 | $484.8M | -- | $107.8M | $94.9M | $205.3M | -- | -- | $76.6M | -- | -- | -- | -- | -- | -- |
| FY 2016 | $332.5M | -- | $85.8M | $85.6M | $77.6M | -- | -- | $83.4M | -- | -- | -- | -- | -- | -- |
| FY 2015 | $477.0M | -- | $242.4M | $86.6M | $84.0M | -- | -- | $64.0M | -- | -- | -- | -- | -- | -- |
| FY 2014 | $392.9M | -- | -- | $44.1M | -- | -- | -- | -- | -- | -- | $311.2M | -- | -- | $37.6M |
Transcripts66 on file
Transcripts
Events
Events
Next earnings
2026-08-05EPS est $0.26
Latest news
- Veeco (VECO) Soars 7.2%: Is Further Upside Left in the Stock?
Zacks Investment Research · 2026-06-16
- Ennostar Qualifies Veeco's New LUMINA®+ MOCVD System for Advanced Product Applications
GlobeNewsWire · 2026-06-11