Veeco Instruments (NASDAQ:VECO) Issues Earnings Results, Misses Estimates By $0.01 EPS

Veeco Instruments (NASDAQ:VECO) issued its quarterly earnings data on Wednesday. The semiconductor company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01), FiscalAI reports. Veeco Instruments had a return on equity of 6.35% and a net margin of 7.23%.During the same period in the prior year, the company earned $0.41 EPS. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. Veeco Instruments updated its FY 2026 guidance to 1.500-1.85 EPS and its Q1 2026 guidance to 0.140-0.240 EPS.

Here are the key takeaways from Veeco Instruments’ conference call:

• Veeco finished FY‑2025 with a backlog of $555 million (up 35%) and guided 2026 revenue of $740–$800 million (midpoint ≈ +16%), expecting most revenue growth to occur in the second half of 2026.
• Product and customer traction accelerated — LSA is production tool of record at all three Tier‑1 logic customers, an LSA evaluation was shipped to a second DRAM customer, IBD300/NSA evaluations continue, and new orders were received for the Propel 300mm GaN and Lumina+ systems.
• Shareholders approved the all‑stock merger with Axcelis and Veeco has obtained several regulatory clearances, but final approval in China is still pending with the companies targeting close in H2 2026.
• Financial headwinds remain — FY‑2025 revenue declined 7% to $664 million, Q4/Q1 margins are pressured by product mix and evaluation shipments, tariffs are an estimated ~100 basis point gross‑margin headwind, and the “scientific & other” segment is expected to fall ~33% in 2026.

Veeco Instruments Price Performance

Shares of NASDAQ VECO traded down $0.90 during mid-day trading on Wednesday, reaching $28.46. 1,717,495 shares of the company traded hands, compared to its average volume of 966,148. Veeco Instruments has a fifty-two week low of $16.92 and a fifty-two week high of $35.77. The firm has a market cap of $1.72 billion, a PE ratio of 34.29 and a beta of 1.19. The stock has a fifty day simple moving average of $31.17 and a 200-day simple moving average of $29.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.36 and a quick ratio of 3.62.

Insiders Place Their Bets

In other news, CEO William John Miller sold 25,000 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $32.00, for a total value of $800,000.00. Following the sale, the chief executive officer owned 464,543 shares of the company’s stock, valued at approximately $14,865,376. The trade was a 5.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Veeco Instruments

Several large investors have recently modified their holdings of VECO. Smartleaf Asset Management LLC grew its stake in Veeco Instruments by 75.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,019 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Veeco Instruments during the third quarter worth approximately $91,000. Quadrant Capital Group LLC purchased a new position in Veeco Instruments during the third quarter valued at approximately $146,000. Tower Research Capital LLC TRC increased its stake in Veeco Instruments by 152.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company’s stock valued at $125,000 after buying an additional 3,719 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in Veeco Instruments by 9.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock worth $130,000 after buying an additional 580 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on VECO. Weiss Ratings restated a “hold (c)” rating on shares of Veeco Instruments in a research note on Wednesday, January 21st. Citigroup increased their price objective on Veeco Instruments from $29.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.50.

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.