VEECO INSTRUMENTS (VECO) Company Report

Veeco reported Q4 2025 revenue of $165 million and EPS of $0.24, contributing to a full year 2025 revenue of $664 million and EPS of $1.33.
The company forecasts full year 2026 revenue between $740 million and $800 million and diluted EPS between $1.50 and $1.85, driven by a 35% increase in order backlog to $555 million by year-end 2025 and strong growth in its semiconductor, compound semiconductor, and data storage segments.
Shareholders of both companies approved the all-stock merger agreement with Axcelis Technologies on February 6, 2026, with the transaction anticipated to be completed in the second half of 2026.

2 days ago

Transcript

Veeco Instruments Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Updates on Axcelis Merger

VECO

Earnings

Guidance Update

M&A

Veeco reported Q4 2025 revenue of $165 million and EPS of $0.24, with full-year 2025 revenue of $664 million and EPS of $1.33. The semiconductor business achieved a record year, accounting for 72% of total revenue in 2025.
Stockholders of both Veeco and Axcelis approved the proposed all-stock merger on February 6, 2026, with the transaction anticipated to close in the second half of 2026.
The company's order backlog significantly increased by 35% to $555 million at year-end 2025, positioning for revenue growth primarily in the second half of 2026.
For fiscal year 2026, Veeco forecasts revenue between $740 million and $800 million and diluted EPS between $1.50 and $1.85. The semiconductor business is expected to grow around 15% to $550 million, compound semiconductor up about a third to $80 million, and data storage expected to double to $80 million.

2 days ago

Transcript

Veeco Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook, and Updates on Axcelis Merger

VECO

Earnings

Guidance Update

M&A

Veeco reported Q4 2025 revenue of $165 million and EPS of $0.24, with full-year 2025 revenue reaching $664 million and EPS of $1.33. The semiconductor business achieved a record year, accounting for 72% of total revenue in 2025.
The company provided FY 2026 revenue guidance between $740 million and $800 million and diluted EPS between $1.50 and $1.85. This outlook is supported by a 35% increase in order backlog to $555 million at year-end 2025.
For 2026, the semiconductor business is expected to grow around 15%, the compound semiconductor business is projected to increase by about a third, and the data storage business is anticipated to double.
Shareholders of both Veeco and Axcelis Technologies approved the proposed all-stock merger on February 6, 2026, with the transaction anticipated to close in the second half of 2026.

2 days ago

Transcript

Veeco Instruments Reports Q4 and FY 2025 Results, Provides 2026 Guidance, and Highlights Axcelis Merger

VECO

Earnings

Guidance Update

M&A

Veeco Instruments reported Q4 2025 revenue of $165 million and diluted non-GAAP EPS of $0.24, aligning with the mid-point of guidance. For full-year 2025, revenue reached $664 million with diluted non-GAAP EPS of $1.33.
The semiconductor business was a key driver, comprising 72% of total FY 2025 revenue and achieving record year-over-year growth, with the Advanced Packaging business doubling.
Strategic initiatives include progress in next-generation technology evaluations (LSA, IBD300, NSA systems) with Tier 1 customers and the anticipated merger with Axcelis Technologies, which aims to expand R&D and product offerings.
For Q1 2026, the company forecasts non-GAAP revenue of $150 million to $170 million and diluted non-GAAP EPS of $0.14 to $0.24.
Full-year 2026 guidance projects non-GAAP revenue of $740 million to $800 million and diluted non-GAAP EPS of $1.50 to $1.85.

2 days ago

Presentation

Veeco Reports Q4 and Fiscal Year 2025 Financial Results

VECO

Earnings

Guidance Update

M&A

Veeco reported Q4 2025 revenue of $165.0 million, a decrease from $182.1 million in the same period last year. GAAP net income for the quarter was $1.1 million, or $0.02 per diluted share, compared to $15.0 million, or $0.26 per diluted share, in Q4 2024.
For the full fiscal year 2025, revenue was $664.3 million, down from $717.3 million in fiscal year 2024. GAAP net income for FY 2025 was $35.4 million, or $0.59 per diluted share, compared to $73.7 million, or $1.23 per diluted share, in FY 2024.
The company provided guidance for Q1 2026, expecting revenue in the range of $150 million to $170 million, GAAP diluted earnings (loss) per share between ($0.03) and $0.07, and Non-GAAP diluted earnings per share between $0.14 and $0.24.
For the full fiscal year 2026, Veeco anticipates revenue between $740 million and $800 million, GAAP diluted earnings per share between $0.83 and $1.17, and Non-GAAP diluted earnings per share between $1.50 and $1.85.
CEO Bill Miller highlighted that Veeco "executed well in 2025, accelerating bookings in the second half for our semiconductor, compound semiconductor and data storage markets, positioning us for robust growth in 2026 driven by AI and High-Performance Computing," and noted the "planned merger with Axcelis".

2 days ago

8-K

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.

Feb 6, 2026, 9:21 PM

8-K

Veeco Stockholders Approve Merger with Axcelis

VECO

M&A

Proxy Vote Outcomes

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.

Feb 6, 2026, 9:10 PM

Press Release

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.

Feb 6, 2026, 3:00 PM

Transcript

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.

Feb 6, 2026, 3:00 PM

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.