Veeco Instruments (NASDAQ:VECO) Updates FY 2026 Earnings Guidance

Veeco Instruments (NASDAQ:VECO) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.360-1.610 for the period, compared to the consensus EPS estimate of 1.520. The company issued revenue guidance of $780.0 million-$810.0 million, compared to the consensus revenue estimate of $770.7 million. Veeco Instruments also updated its Q3 2026 guidance to 0.350-0.490 EPS.

Veeco Instruments Trading Down 1.6%

Shares of NASDAQ:VECO traded down $0.84 during midday trading on Wednesday, reaching $52.96. 1,292,765 shares of the company’s stock were exchanged, compared to its average volume of 1,251,566. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 139.37 and a beta of 1.38. Veeco Instruments has a fifty-two week low of $19.29 and a fifty-two week high of $86.63. The firm’s 50 day simple moving average is $61.52 and its two-hundred day simple moving average is $46.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.23 and a quick ratio of 2.86.

Veeco Instruments (NASDAQ:VECO) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). The company had revenue of $158.34 million during the quarter, compared to analyst estimates of $160.07 million. Veeco Instruments had a net margin of 3.53% and a return on equity of 3.49%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. As a group, sell-side analysts forecast that Veeco Instruments will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VECO. Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Wall Street Zen raised Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. Citigroup upped their price target on Veeco Instruments from $40.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Barclays raised their price target on Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Zacks Research cut Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.60.

Insiders Place Their Bets

In other Veeco Instruments news, Director Richard A. Damore sold 43,701 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $60.71, for a total transaction of $2,653,087.71. Following the sale, the director directly owned 112,594 shares in the company, valued at $6,835,581.74. This represents a 27.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Susan Wilkerson sold 35,723 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $61.69, for a total transaction of $2,203,751.87. Following the completion of the transaction, the senior vice president directly owned 42,974 shares of the company’s stock, valued at $2,651,066.06. This represents a 45.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 339,055 shares of company stock valued at $20,705,270. 2.70% of the stock is owned by company insiders.

Institutional Trading of Veeco Instruments

Several hedge funds have recently modified their holdings of VECO. Wasatch Advisors LP boosted its holdings in Veeco Instruments by 4.9% in the second quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company’s stock valued at $69,023,000 after purchasing an additional 157,978 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Veeco Instruments by 9.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company’s stock worth $65,329,000 after purchasing an additional 284,716 shares during the period. Dimensional Fund Advisors LP raised its position in Veeco Instruments by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company’s stock valued at $75,521,000 after purchasing an additional 26,248 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in Veeco Instruments by 1.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company’s stock valued at $48,971,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Veeco Instruments by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 1,481,558 shares of the semiconductor company’s stock valued at $42,350,000 after buying an additional 15,200 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.