VEECO INSTRUMENTS (VECO) Company Report

Veeco Instruments Inc. stockholders have approved all proposals related to the Company’s pending merger with Axcelis Technologies, Inc. at its Special Meeting of Stockholders on February 6, 2026.
The completion of the Merger remains subject to other customary closing conditions, including final pending regulatory approval from the State Administration for Market Regulation of the People’s Republic of China.
Veeco and Axcelis continue to expect the Merger to be completed in the second half of 2026.

7 hours ago

Press Release

Veeco Stockholders Approve Merger with Axcelis

VECO

M&A

Proxy Vote Outcomes

Veeco Instruments Inc. (VECO) stockholders approved all proposals related to the pending merger with Axcelis Technologies, Inc. (ACLS) at a Special Meeting held on February 6, 2026.
The Merger Agreement Proposal was approved with 53,408,907 votes For.
The completion of the merger remains subject to other customary closing conditions, including final pending regulatory approval from the State Administration for Market Regulation of the People's Republic of China.
Veeco and Axcelis continue to expect the merger to be completed in the second half of 2026.

7 hours ago

8-K

Veeco Instruments Stockholders Approve Merger with Axcelis Technologies

VECO

M&A

Proxy Vote Outcomes

Executive Compensation

At a special meeting held on February 6, 2026, Veeco Instruments Inc. stockholders approved the Merger Proposal, which will result in Veeco becoming a wholly owned subsidiary of Axcelis Technologies, Inc..
The approved Merger Proposal is based on an Agreement and Plan of Merger dated September 30, 2025, by and among Veeco, Axcelis Technologies, Inc., and Victory Merger Sub, Inc..
Stockholders also provided non-binding advisory approval for the compensation of named executive officers related to the merger.
The record date for stockholders entitled to vote was December 26, 2025, with 60,297,087 shares of common stock outstanding.

13 hours ago

Transcript

Veeco Instruments Stockholders Approve Merger with Axcelis Technologies

VECO

M&A

Proxy Vote Outcomes

Executive Compensation

Veeco Instruments Inc. stockholders approved the Merger Proposal at a special meeting held on February 6, 2026, which will result in Veeco becoming a wholly owned subsidiary of Axcelis Technologies, Inc..
The Merger Compensation Proposal for named executive officers and the Adjournment Proposal were also approved based on preliminary counts.
As of the record date, December 26, 2025, there were 60,297,087 shares of common stock outstanding and entitled to one vote.

13 hours ago

Transcript

Veeco Instruments Stockholders Approve Merger with Axcelis Technologies

VECO

M&A

Proxy Vote Outcomes

Executive Compensation

Veeco Instruments Inc. held a special meeting of stockholders on February 6, 2026, to vote on three proposals related to a merger.
The main proposal was the adoption of the Agreement and Plan of Merger dated September 30, 2025, with Axcelis Technologies, Inc., which will result in Veeco becoming a wholly owned subsidiary of Axcelis Technologies, Inc..
Based on a preliminary count, the Merger Proposal, Merger Compensation Proposal, and Adjournment Proposal were all approved by stockholders.
The record date for stockholders entitled to vote was December 26, 2025, with 60,297,087 shares of common stock outstanding.

13 hours ago

Transcript

Veeco Instruments Inc. Updates on Axcelis Merger and Stockholder Actions

VECO

M&A

Legal Proceedings

Guidance Update

Veeco Instruments Inc. (Veeco) and Axcelis Technologies, Inc. (Axcelis) entered into a Merger Agreement on September 30, 2025, with Veeco stockholders scheduled to vote on the merger on February 6, 2026.
The merger faces challenges from fifteen demand letters and three stockholder complaints alleging inadequate disclosures and seeking to enjoin or rescind the transaction. Veeco has voluntarily issued supplemental disclosures to address these concerns, while denying the allegations.
UBS, Veeco's financial advisor, is estimated to receive an aggregate fee of approximately $28.5 million for its services related to the transaction, with $3.0 million already paid upon opinion delivery.
Veeco's Net Income was forecast to be $74 million in 2025E and $95 million in 2026E. UBS's discounted cash flow analysis indicated an implied equity value per share for Veeco common stock ranging from $30.14 to $36.54 on a standalone basis, and $32.91 to $40.07 for the combined company.

Jan 28, 2026, 10:18 PM

8-K

Veeco Instruments' LSA System Selected for DRAM R&D Evaluation

VECO

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

Veeco Instruments' laser spike annealing (LSA) system has been selected by a leading semiconductor memory company for evaluation in its advanced DRAM R&D group.
This selection marks an expansion of Veeco’s penetration into the DRAM market and represents a significant step toward high-volume manufacturing (HVM) adoption for next-generation DRAM and high bandwidth memory (HBM) technologies.
The evaluation period is expected to take around one year, with follow-on orders anticipated in 2027 and beyond.
The High Bandwidth Memory (HBM) market is projected to grow at a compound annual growth rate (CAGR) of nearly 30% through 2030, potentially reaching $100 billion or more in annualized revenues.

Dec 1, 2025, 2:05 PM

Press Release

Veeco Reports Q3 2025 Results and Announces Merger with Accellis Technologies

VECO

Earnings

M&A

Guidance Update

Veeco reported Q3 2025 revenue of $166 million and non-GAAP diluted earnings per share of $0.36, exceeding the midpoint of prior guidance.
For Q4 2025, the company anticipates revenue between $155 million and $175 million and diluted EPS between $0.16 and $0.32.
On October 1st, Veeco announced a definitive agreement to combine with Accellis Technologies in an all-stock transaction to form a leading semiconductor equipment company.
Gross margin for Q4 2025 is projected to be between 37% and 39%, a decline from Q3, attributed to product mix shifts including discounted evaluation tool acceptances and increased advanced packaging revenue.

Nov 5, 2025, 10:00 PM

Transcript

Veeco Announces Q3 2025 Results and Axcelis Merger

VECO

Earnings

Guidance Update

M&A

Veeco reported Q3 2025 Non-GAAP revenue of $165.9 million and Non-GAAP diluted EPS of $0.36, both exceeding the midpoint of guidance.
The company announced a merger with Axcelis, which is expected to create a leading semiconductor equipment company with an expanded Served Available Market of over $5 billion on a pro-forma 2024 basis.
For Q4 2025, Veeco provided Non-GAAP guidance projecting revenue between $155 million and $175 million and diluted earnings per share between $0.16 and $0.32.
Veeco holds over $900 million in cash, providing a strong financial foundation.

Nov 5, 2025, 10:00 PM

Presentation

Veeco Reports Third Quarter 2025 Financial Results and Provides Q4 2025 Guidance

VECO

Earnings

Guidance Update

M&A

Veeco reported Q3 2025 revenue of $165.9 million, with GAAP net income of $10.6 million ($0.17 per diluted share) and Non-GAAP net income of $21.8 million ($0.36 per diluted share).
These results are lower than Q3 2024, which had revenue of $184.8 million, GAAP net income of $22.0 million ($0.36 per diluted share), and Non-GAAP net income of $28.3 million ($0.46 per diluted share).
For Q4 2025, Veeco anticipates revenue between $155 million and $175 million, GAAP diluted earnings (loss) per share in the range of ($0.07) to $0.05, and Non-GAAP diluted earnings per share between $0.16 and $0.32.
The company also highlighted a pending merger with Axcelis, with the Agreement and Plan of Merger dated September 30, 2025.