Hello my dears,
Veeco Instruments today announces its quarterly results for the most recent quarter.
That's why Juan visited the company for you in advance.
There may be a good opportunity to get in today.
Do you like the fact that we are presenting a company to you before the figures?
Feel free to share your thoughts on the company in the comments.
Veeco Instruments is a specialized supplier to the semiconductor industry, providing laser processing and ion beam technologies for chip manufacturing. On March 24, the share price rose dynamically after major orders for laser spike annealing systems (LSA) were confirmed by leading DRAM manufacturers. The company is benefiting massively from the expansion of capacities for high-bandwidth memory (HBM), which is essential for AI accelerators. With a record order backlog of USD 555 million and a sales forecast for 2026 of up to...
Veeco Instruments Inc. (ISIN: US9224171002) is a manufacturer of equipment for the semiconductor and data storage industries. Its highly specialized production systems are sold to chip manufacturers, research institutions and industrial customers. The company was founded in 1945. In 1994, the shares were placed on the NASDAQ.
The figures for Q4 2025 were presented on February 25, 2026. At USD 165 million, revenue was around 9 % down on the previous year. Profits were also weak, falling by 41% to USD 0.24 per share. Overall, the figures show a negative revenue and profit trend, but only marginally missed expectations.
It was already reported on October 1, 2025 that Veeco is planning a mega-merger with Axcelis Technologies to create a new, more scaled semiconductor equipment champion. The deal will be completed by the second half of 2026. Veeco shareholders will receive the equivalent of Axcelis shares upon completion. In addition to the merger, both shares are currently driven by the AI boom and the increasing demand for advanced packaging, photonics and nanostructures.
Conclusion: The merger transforms Veeco from a niche provider to a potential platform player and addresses the key technologies behind AI chips. This makes Veeco one of the winners of the nanotechnology trend, which is expected to enable the next generation of chip trends. In combination with the ongoing AI investment cycle, this results in a story that is clearly geared towards future growth despite current operational weakness.
Veeco Instruments Inc. is a manufacturer of process equipment for the semiconductor industry. The company's laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etching and cleaning, and lithography technologies play an important role in the manufacturing and packaging of advanced semiconductor devices. The company's system products include Laser Annealing Systems, Ion Beam Systems and Etch Systems, Advanced Packaging Lithography, Single Wafer Wet Processing, Metal Organic Chemical Vapor Deposition Systems, Molecular Beam Epitaxy Systems, Atomic Layer Deposition Systems and Other Systems. Other deposition systems include Physical Vapor Deposition, Diamond-Like Carbon Deposition and Chemical Vapor Deposition Systems. The company's process equipment is used to manufacture a range of microelectronic components, including logic, dynamic random access memory (DRAM), photonics, power electronics and other semiconductor devices.
Number of employees: 1,265
Veeco offers a wide range of advanced semiconductor processing solutions, systems and sources, including laser processing, lithography, ion beam deposition, MOCVD, wet processing, MBE, ALD (atomic layer deposition), PVD, dicing, lobes and gas delivery systems. These technologies are designed to meet the evolving needs of the semiconductor and related industries - from advanced node devices to photonics and data storage.
Services & Support
At Veeco, we believe in making a significant difference by providing excellent service, being a trusted partner and offering unparalleled technology solutions. Our certified Field Services Engineers provide local support to a worldwide installation base for around-the-clock coverage that keeps your R&D or manufacturing goals on track.
How Veeco makes a significant difference
Around the clock and around the world coverage
- Global technical product support experts who quickly manage escalations and hard-to-solve issues
- Access to spare parts with global presence, 24/7 access and fast deliveries
- Quick solution for installations to enable fast ramps
Improve and expand your capabilities
- Renovate and repair local programs to reduce your ownership costs and shorten turnaround times
- Capital Extension program available to expand your current install base with the latest features.
Comprehensive coverage from world-class field engineers
- Performance guarantee programs such as guaranteed ownership costs or uptime
- Production support programs to back up your tool or fleet in the event of problems with proactive workforce planning and parts planning
March 06, 2026 | News
March 02, 2026 | News
Veeco-Aktionäre genehmigen Fusion mit Axcelis
February 06, 2026 | News
Wusstest du, dass Veecos Produkte eine entscheidende Rolle bei der Qubit-Herstellung spielen?
February 05, 2026 | News
January 27, 2026 | News
December 2025 | News
Presentation of the Axcelis + Veeco merger
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Veeco investor presentation
PDF herunterladen(öffnet sich in neuem Fenster)
Geographical distribution of turnover:
2025 (USD)
Rest of APAC 330 million
China 182 million
USA 101 million
Europe, The Middle East 50.79 million
Rest of World 118,000 thousand
🎙️ Juan's conclusion on Veeco's key financial figures (2025-2027)
"Veeco is playing like a team in rebuild mode that suddenly starts winning again."
- 2025 is the reset year: Sales down, EBIT down, profit halved - but free cash flow explodes. It's like a team that scores fewer goals but suddenly plays more efficiently.
- 2026 brings the turnaround: Sales +16%, EBIT +81%, profit +62%. This is a classic momentum swing - the offense comes back.
- 2027 confirms the trend: Double-digit growth, rising margins, ROE back in double digits. The team has regained confidence and is playing forward in a structured manner.
- Net debt becomes more negative every year:
Veeco is reducing debt like a team stabilizing its defense. - Margins rise cleanly: EBITDA margin of 15.2% → 18.7%. That's a sign of quality - the gaming facility is becoming more efficient.
- EPS grows strongly: 0,59 → 1,015 → 1,415. The top scorer delivers again.
Juan's overall verdict:
"Veeco is not a high-flyer, but a team that improves year after year. 2025 is the low point - after that it's a clear upward trend. For the championship, this would be a classic underdog with an upward trend."
Market value 3,004
Number of shares (in thousands) 60,392
Date of publication 25.02.2026
🎙️ Juan's conclusion on the valuation ratios (2025-2027)
"Veeco is a typical growth player: expensive at the beginning, more reasonable at the end."
P/E RATIO: 2025 and 2026 look like premium prices, 2027 multiple drops significantly. The team will not become cheaper, but the valuation will adjust to the rising profits.
P/E RATIO: Jumps high in 2026, normalizes again in 2027. Investors pay for growth, but not blindly.
PEG: Negative in 2025 (due to profit decline), cleanly in the green from 2026. This is the moment when the model makes sense again.
Dividend & yield: Zero over all years. Veeco plays purely on growth, not payout.
FCF Yield: Not reported. MarketScreener clearly shows: focus on operating performance, not cash return.
Juan's overall assessment:
"Valuation high, but not irrational. From 2027, Veeco looks like a growth stock that is finally slipping into a fair zone."
Performance
1 week +6.44 %
1 month +41.03 %
6 months +70.17 %
1 year +156.92 %
3 years +170.92 %
PRICE: 43.71€ (05.05.2026 11:30 a.m.)
