Veeco Instruments Inc.
VECO
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Veeco Instruments operates in the semiconductor equipment industry, which is experiencing a robust demand surge driven by advancements in technology and increased adoption of AI and 5G.
- In 2025, Veeco's revenue reached $664.3 million, reflecting a solid operational performance with a gross margin of 39.95%.
- The company's stock has a target mean price of $61.33, indicating potential upside from current levels.
- The company's trailing P/E ratio of 150.46 suggests that it may be overvalued compared to its earnings growth potential.
- In the latest quarter, Veeco reported a revenue decline of 4% compared to the prior quarter, with an operating margin of -0.4%.
- Veeco's net income for 2023 was negative at -$30.37 million, highlighting ongoing profitability challenges.
Fundamentals
| Market cap | $3.14B | Enterprise value | $2.98B | Trailing P/E | 139.05 | Forward P/E | 17.71 |
| PEG | 0.81 | Price / book | 3.48 | Beta | 1.36 | Dividend yield | 0.00% |
| Revenue growth | 16.5% | Earnings growth | -8.6% | Gross margin | 37.9% | Operating margin | 6.7% |
| Profit margin | 3.4% | ROE | 2.6% | ROA | 1.4% | Debt / equity | 0.29 |
| Current ratio | 3.93 | Free cash flow | $71.80M | Analyst recommendation | none | Mean target | $61.33 |
| 52w high | $86.63 | 52w low | $26.00 |
Quarterly
| 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|
| Revenue | $158M | $165M | $166M | $166M | $167M |
| Op margin | -0.4% | 4.6% | 6.4% | 7.4% | 8.5% |
| Net income | -$0.3M | $1.1M | $10.6M | $11.7M | $11.9M |
| Gross margin | 35.3% | 36.7% | 40.8% | 41.4% | 40.9% |
| Gross profit | $55.8M | $60.5M | $67.7M | $68.7M | $68.5M |
| Operating income | -$0.6M | $7.5M | $10.6M | $12.4M | $14.1M |
- Revenue -4% vs prior quarter ($158M vs $165M).
- Gross margin 35.3% (was 36.7% prior quarter).
- Operating margin compressed to -0.4%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $664M | $717M | $666M | $646M | — |
| Op margin | 6.7% | 13.3% | 10.5% | 9.3% | — |
| Net income | $35.4M | $73.7M | -$30.4M | $167M | — |
| Gross margin | 40.0% | 42.4% | 42.8% | 40.7% | — |
| Gross profit | $265M | $304M | $285M | $263M | — |
| Operating income | $44.6M | $95.1M | $69.9M | $60.3M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-08 · What Was KLA Telling You Before Its Stock Ran?
2026-10-07 · Why Veeco Instruments Stock Crushed it Last Month
2026-10-05 · Management Guided Higher For KLA Stock; Does The Chart Agree?
2026-09-30 · Is KLA Stock Really Expensive?
2026-09-23 · Veeco Instruments (VECO), Why Is The Story Getting More Complicated?
2026-09-22 · Veeco (VECO) Stock Could Be 49% Above Fair Value On Cash Flow
2026-09-21 · KLIC Up 93.6% in a Year: Should Investors Bet on the Stock Now?
2026-09-21 · Ciena upgraded, Flutter downgraded: Wall Street's top analyst calls
2026-09-21 · Veeco Instruments (VECO): Results Far Exceed Expectations Amid Memory Capacity Boom
2026-09-18 · UCTT Rides on Solid Growth Dynamics: Should You Buy the Stock Now?
2026-09-16 · Should Investors Buy ACLS as Growth Returns Despite Premium Valuation?
2026-09-02 · Implied Volatility Surging for Veeco Instruments Stock Options
Price (daily)
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