Veeco Instruments (NASDAQ:VECO) Releases Earnings Results, Misses Estimates By $0.07 EPS

Veeco Instruments (NASDAQ:VECO) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.07), FiscalAI reports. Veeco Instruments had a return on equity of 3.85% and a net margin of 3.62%. The firm had revenue of $209.38 million during the quarter, compared to analysts’ expectations of $213.33 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year.

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

Shares of Veeco Instruments stock opened at $33.25 on Friday. The company has a quick ratio of 2.69, a current ratio of 3.93 and a debt-to-equity ratio of 0.25. Veeco Instruments has a twelve month low of $26.00 and a twelve month high of $86.63. The business has a 50-day moving average price of $45.23 and a 200 day moving average price of $46.86. The firm has a market cap of $2.03 billion, a PE ratio of 83.12 and a beta of 1.41.

Analysts Set New Price Targets

Several brokerages have commented on VECO. Northland Securities upgraded shares of Veeco Instruments from a “market perform” rating to an “outperform” rating and set a $66.00 price objective for the company in a research note on Monday, September 21st. Citigroup upped their price objective 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. Weiss Ratings cut shares of Veeco Instruments from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 21st. Oppenheimer restated an “outperform” rating and set a $24.00 target price on shares of Veeco Instruments in a research report on Wednesday, October 14th. Finally, Wall Street Zen raised shares of Veeco Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, CFO John P. Kiernan sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $51.05, for a total value 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. This trade represents a 33.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Miller sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $54.18, for a total value of $10,836,000.00. Following the completion of the sale, the chief executive officer owned 169,570 shares of the company’s stock, valued at $9,187,302.60. This trade represents a 54.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.70% of the company’s stock.

Veeco Instruments Company Profile

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.