Veeco Instruments (NASDAQ:VECO – Get Free Report) released its quarterly earnings results on Wednesday. The semiconductor company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.07), FiscalAI reports. Veeco Instruments had a net margin of 3.40% and a return on equity of 3.52%. The business had revenue of $209.38 million for the quarter, compared to the consensus estimate of $213.33 million. During the same period in the previous year, the company earned $0.36 EPS. The company’s revenue for the quarter was up 26.2% on a year-over-year basis.
Here are the key takeaways from Veeco Instruments’ conference call:
- Management expects growth to accelerate: Veeco forecast fourth-quarter revenue of $230 million to $260 million and raised its 2026 revenue outlook to $790 million–$820 million. It sees 2027 company growth near the higher end of industry estimates, around 40%, even after factoring in supply constraints.
- AI-related demand is strengthening across several markets: Veeco cited order momentum in advanced packaging, silicon photonics, annealing, and data storage, with customer visibility extending into 2027 and, in some areas, 2028. It plans to more than double capacity in 2027 for advanced packaging and silicon photonics demand.
- Third-quarter results were within guidance: Revenue was $209 million and non-GAAP diluted EPS was $0.36. Semiconductor revenue rose 4% sequentially, while compound semiconductor revenue increased 96%.
- Margins and execution remain risks: Third-quarter gross margin was 39%, below expectations because of higher supply-chain costs, product mix, and delayed revenue recognition on a system under export review. Management also cited longer component lead times and shortages, though it said mitigation efforts are underway.
Veeco Instruments Price Performance
VECO stock opened at $36.00 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.93 and a quick ratio of 2.69. Veeco Instruments has a 1 year low of $26.00 and a 1 year high of $86.63. The firm has a 50-day moving average of $45.49 and a 200 day moving average of $46.86. The company has a market cap of $2.20 billion, a P/E ratio of 100.00 and a beta of 1.41.
Insider Activity
In other Veeco Instruments news, CFO John Kiernan sold 35,000 shares of Veeco Instruments stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total transaction of $1,786,750.00. Following the sale, the chief financial officer directly owned 68,802 shares of the company’s stock, valued at approximately $3,512,342.10. The trade was a 33.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $54.18, for a total value of $10,836,000.00. Following the transaction, the chief executive officer owned 169,570 shares in the company, valued at $9,187,302.60. This trade represents a 54.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on VECO shares. Northland Securities raised Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research note on Monday, September 21st. Weiss Ratings lowered Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 21st. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Veeco Instruments in a research note on Wednesday, October 14th. Wall Street Zen upgraded shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Finally, Citigroup lifted their price target on shares of Veeco Instruments from $60.00 to $63.00 and gave the company a “buy” rating in a report on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.00.
Check Out Our Latest Research Report on VECO
About Veeco Instruments
Veeco Instruments Inc (NASDAQ: VECO) develops and manufactures specialized equipment used in the production of semiconductors and other advanced electronic devices. Its systems help customers deposit, etch, pattern, anneal and otherwise process thin films and materials at the wafer level.
The company’s product portfolio includes metal-organic chemical vapor deposition systems, molecular beam epitaxy equipment, ion beam etch and deposition systems, laser annealing systems, and related process-control and automation technologies.
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