Earnings summaries and quarterly performance for VEECO INSTRUMENTS.
Executive leadership at VEECO INSTRUMENTS.
Board of directors at VEECO INSTRUMENTS.
Research analysts who have asked questions during VEECO INSTRUMENTS earnings calls.
Mark Miller
The Benchmark Company LLC
4 questions for VECO
Also covers: ACLS, ACMR, AEIS +11 more
DD
David Duley
Steelhead Securities LLC
3 questions for VECO
Also covers: ACLS, COHU, FORM +3 more
AR
Auguste Richard
Northland Capital Markets
2 questions for VECO
Also covers: AIP, AMBA, BURU +12 more
RC
Ross Cole
Needham & Company, LLC
2 questions for VECO
Also covers: ACLS, AMKR, AXTI +3 more
Charles Shi
Needham & Company
1 question for VECO
Also covers: ACLS, ACMR, ALTR +18 more
GR
Gus Richard
Northland Capital Markets
1 question for VECO
Also covers: AIP, AMBA, CAMT +7 more
Richard Schafer
Oppenheimer & Co. Inc.
1 question for VECO
Also covers: MPWR, SMTC
TO
Thomas O’Malley
Barclays Capital
1 question for VECO
Also covers: ALAB, ALGM, AMD +21 more
Wei Mok
Oppenheimer & Co. Inc.
1 question for VECO
Also covers: VLN
YS
Yu Shi
Susquehanna International Group, LLP
1 question for VECO
Also covers: ACLS, ACMR, AMAT +11 more
Recent press releases and 8-K filings for VECO.
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
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
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
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.
Nov 5, 2025, 9:16 PM
Veeco Instruments Receives Propel®300 System Order
VECO
Product Launch
New Projects/Investments
- Veeco Instruments Inc. has received an order for its Propel®300 system from a major power semiconductor integrated device manufacturer (IDM) for gallium nitride (GaN) epitaxy on 300mm silicon (Si) wafers.
- This order reinforces Veeco's leadership in 300mm MOCVD technology and builds on previous shipments of the Propel®300 platform.
- The Propel®300 system allows customers to achieve 2.3 times more chips per wafer by enabling the use of existing 300mm production lines, which ultimately lowers device costs.
- The GaN device market is projected to grow at a 35% CAGR from $555 million in 2025 to $2.5 billion in 2030, driven by increased adoption in automotive, industrial, and data center applications.
Nov 5, 2025, 2:02 PM
Veeco Instruments Secures Multiple Orders for Advanced Processing and Lithography Systems
VECO
New Projects/Investments
- Veeco Instruments Inc. (NASDAQ: VECO) has received multiple orders for its advanced wet processing and lithography systems from a leading specialist foundry.
- These systems are designated for advanced packaging and silicon photonics applications, serving critical end markets such as AI, automotive, aerospace and defense, and communications.
- Scheduled deliveries for these orders are set to begin in the first quarter of 2026.
- The selected platforms include Veeco's WaferStorm®, WaferEtch®, and AP300™, recognized for their process performance, unique capabilities, and low cost of ownership.
Oct 28, 2025, 1:02 PM
Veeco Instruments Secures Lumina MOCVD Systems Order
VECO
Product Launch
New Projects/Investments
- Veeco Instruments Inc. announced that a leading optical communications laser manufacturer placed an order for multiple Lumina™ metal organic chemical vapor deposition (MOCVD) systems.
- The Lumina™ systems will serve as the customer’s production tool of record for indium phosphide (InP) epitaxy on both 4-inch and 6-inch wafers, used to fabricate InP lasers for optical communication solutions in the datacom industry.
- This order reinforces Veeco's presence in the rapidly growing laser market for advanced optical transceivers, which supports increasingly complex AI workloads at hyperscale data centers.
- The overall market for optical transceivers in the datacom industry is projected to grow at a 13% CAGR from $8.1 billion in 2024 to $14.7 billion in 2029.
Oct 14, 2025, 1:02 PM
Veeco Launches Lumina+ MOCVD System, Secures Rocket Lab Order
VECO
Product Launch
New Projects/Investments
- Veeco Instruments launched its new Lumina+ metal-organic chemical vapor deposition (MOCVD) system and received its first commercial multi-tool order from Rocket Lab Corporation.
- Rocket Lab purchased the systems to expand domestic production of compound semiconductor products as part of a project under the Department of Commerce’s CHIPS and Science Act.
- The Lumina+ system is designed for cost-effective scaling, offering the largest As/P batch size, best-in-class throughput, and lowest cost per wafer in the MOCVD industry.
- This investment will enable Rocket Lab to double its production capacity for space-grade solar cells and serve as a domestic source for compound semiconductor and electro-optical device technologies.
Oct 6, 2025, 8:04 PM
Excelis and Veeco Instruments Announce Merger
VECO
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Excelis and Veeco announced a transformational all-stock combination, with Excelis shareholders owning approximately 58% and Veeco shareholders 42% of the combined company.
- On a 2024 pro forma basis, the combined company is projected to have $1.7 billion in revenue, a 44% gross margin, and $387 million in adjusted EBITDA, with over $900 million in combined cash. The transaction is expected to be accretive to non-GAAP EPS within the first year post-closing, with $35 million in estimated run-rate cost synergies within 24 months.
- The merger aims to create a leading semiconductor equipment company by leveraging complementary technologies and expanding into high-growth markets such as AI, electrification, advanced packaging, silicon carbide, and gallium nitride.
- The combined company will be headquartered in Beverly, Massachusetts, and will assume a new name, ticker symbol, and brand.
- The transaction is expected to close in the second half of 2026, pending shareholder and regulatory approvals.
Oct 1, 2025, 12:30 PM
Veeco Instruments and Axcelis Announce Proposed All-Stock Merger
VECO
M&A
- Axcelis and Veeco have announced a proposed all-stock transaction where Veeco shareholders will receive 0.3575 Axcelis shares for each Veeco share, representing an enterprise value of approximately $4.4 billion based on closing share prices on September 30, 2025, and outstanding debt on June 30, 2025.
- The combined company is projected to achieve $1.7 billion in revenue and $387 million in Adjusted EBITDA for fiscal year 2024, with a pro forma cash position of over $900 million.
- The merger is expected to be accretive to non-GAAP EPS within 12 months post-closing and realize $35 million in annual run-rate cost synergies within 24 months.
- Russell Low will serve as CEO and James Coogan as CFO of the combined entity, which will be headquartered in Beverly, Massachusetts, with the transaction anticipated to close in the second half of 2026.
Oct 1, 2025, 12:30 PM
Quarterly earnings call transcripts for VEECO INSTRUMENTS.
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