Veeco Instruments Inc. (VECO) Stock Price & Analysis
Veeco Instruments Inc. (VECO) is trading at USD 42.47, up 3.20% today, as of October 23, 2026 at 14:21 UTC (US market open; quotes may be delayed), according to Nexqual market data.
VECO last closed at USD 42.47; today's session has ranged USD 40.89–42.77 on volume of 65,157 shares. Market capitalization is —, with a 52-week range of USD 26–86.63 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VECO.md
Key facts (VECO)
- Last four reported quarters (through Jun 30, 2026): revenue $683M, net income $23.2M (3.4% margin), free cash flow $85.2M (SEC filings).
- 3 of 80 tracked superinvestors hold VECO (13F, Q2 2026): 1 new, 2 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +43.4% vs S&P 500 +14.4%; 5Y +74.8% vs S&P 500 +77.0%.
- Next earnings: 2026-11-04, EPS estimate USD 0.43, revenue estimate $213M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VECO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $583M | $646M | $666M | $717M | $664M | $683M |
| Gross profit | $242M | $263M | $285M | $304M | $265M | — |
| Operating income | $56.7M | $60.3M | $69.9M | $67.0M | $35.7M | $18.4M |
| Net income | $26.0M | $167M | -$30.4M | $73.7M | $35.4M | $23.2M |
| EPS (diluted) | $0.49 | $2.71 | -$0.56 | $1.23 | $0.59 | — |
| Free cash flow | $27.1M | $83.9M | $33.7M | $45.7M | $53.3M | $85.2M |
| Gross margin | 41.5% | 40.7% | 42.8% | 42.4% | 40.0% | — |
| Operating margin | 9.7% | 9.3% | 10.5% | 9.3% | 5.4% | 2.7% |
| Net margin | 4.5% | 25.8% | -4.6% | 10.3% | 5.3% | 3.4% |
| Revenue growth | +28.4% | +10.8% | +3.1% | +7.6% | -7.4% | — |
| Cash + short-term investments | $224M | $302M | $305M | $344M | $390M | — |
| Total debt | $229M | $275M | $275M | $276M | $226M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (VECO)
P/E at fiscal year-ends: Dec 2025 48.9x, Dec 2024 22.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (VECO)
3 of 80 tracked investors hold VECO. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.06% | $35.2M | Added +18.5% |
| Polen Capital | Polen Capital Management | 0.03% | $3.7M | Added +301.7% |
| Lee Ainslie | Maverick Capital | <0.01% | $465K | New position |
Analysts (VECO)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-21 | Northland Capital Markets | Upgrade | Market Perform → Outperform | $66 |
| 2026-08-10 | Citigroup | Target raised | Buy | $60 → $63 |
Total return (dividends reinvested) (VECO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +43.4% | +74.8% |
| S&P 500 (SPY) | +14.4% | +77.0% |
| Per year | +43.4% | +11.8% |
| Volatility (annualized) | 70.5% | 46.3% |
| Max drawdown | -50.8% (Jun 2026→Sep 2026) | -62.4% (Jul 2024→Mar 2025) |
VECO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Semiconductor | $130.7M | 67.5% | +5.5% |
| Data Storage | $22.2M | 11.5% | +79.7% |
| Compound Semiconductor | $20.5M | 10.6% | +44.6% |
| Scientific & Other | $20.1M | 10.4% | +28.0% |
| Total revenue | $193.5M | 100% | — |
VECO revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Asia Pacific Excluding China | $69.8M | 36.1% | -28.9% |
| United States | $59.1M | 30.5% | +170.3% |
| China | $48.1M | 24.9% | +74.9% |
| EMEA | $16.0M | 8.3% | -13.7% |
| Rest Of World | $527,000 | 0.3% | +1125.6% |
| Total revenue | $193.5M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VECO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | AXCELIS TECHNOLOGIES INC (ACLS) | “Merger Agreement with Axcelis Technologies, Inc.” |
Quoted from the company's 10-K filed Feb 25, 2026.
VECO customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 17% of revenue, per the company's 10-K filed Feb 25, 2026. The company does not name it.
VECO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.43 | $0.52 | -17.7% | $213.3M | 4 |
| Next quarter (ends Dec 2026) | $0.60 | $0.71 | -14.4% | $235.1M | 4 |
| Current fiscal year (ends Dec 2026) | $1.51 | $1.62 | -6.6% | $776.9M | 5 |
| Next fiscal year (ends Dec 2027) | $2.91 | $3.05 | -4.6% | $1.02B | 5 |
VECO options: expected move
Options price a move of about ±20.0% (±$8.28) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±6.5% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 88.9% | ±20.0% |
| Dec 18, 2026 | 56 | 76.7% | ±24.1% |
| Jan 15, 2027 | 84 | 72.7% | ±27.7% |
| Apr 16, 2027 | 175 | 73.6% | ±40.3% |
30-day implied volatility 76.7% vs 74% realized over the last 30 trading days. Put/call ratio (volume) 0.06. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 14:21 UTC)
| Price | USD 42.47 |
|---|---|
| Change | ▲ 3.20% (up) |
| Previous Close | USD 42.47 |
| Open | USD 42.47 |
| Day Range | USD 40.89 – 42.77 |
| 52-Week Range | USD 26 – 86.63 |
| Volume | 65,157 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (VECO)
Nexqual's technical model rates VECO "SELL" based on 1 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 14:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 40.1 (neutral) |
| vs SMA50 | Below (USD 46.93) |
| MACD | -1.38 (negative) |
Earnings (VECO)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.43 |
| Revenue Estimate | $213.33M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.33 vs est 0.28 ▲ beat |
| 2026-03-31 | USD 0.14 vs est 0.23 ▼ miss |
| 2025-12-31 | USD 0.24 vs est 0.26 ▼ miss |
| 2025-09-30 | USD 0.36 vs est 0.28 ▲ beat |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Financials & Fundamentals (VECO)
| Total Revenue | $682.72M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +16.50% |
| Gross Margin | +37.86% |
| Operating Margin | +6.68% |
| Profit Margin | +3.40% |
| ROE | +2.64% |
| Debt / Equity | 0.29 |
| Current Ratio | 3.93 |
| Total Cash | $429.40M |
| Total Debt | $261.19M |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
Ownership (VECO)
| Insider Ownership | +2.15% |
|---|---|
| Institutional Ownership | +115.68% |
| Shares Outstanding | 61.03M |
| Float | 60.13M |
| Short % of Float | +16.24% |
Source: Nexqual, October 23, 2026 at 14:21 UTC.
From Veeco Instruments Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Our success depends, in part, on our proprietary technology, and we have approximately 350 patents in the United States and other countries.
- The WaferStorm® platform is based on our unique ImmJET™ technology, which provides improved performance at a lower cost of ownership than conventional wet bench-only or spray-only approaches.
Partnerships
- In close partnership with our customers, we combine decades of applications and materials know-how with leading-edge systems engineering to deliver high-volume manufacturing solutions with competitive cost of ownership.
- We collaborate with our customers to align our technology and product roadmaps to customer requirements.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AMBA | Ambarella, Inc. | USD 64.63 | ▲ 2.38% |
| COHU | Cohu, Inc. | USD 47.59 | ▲ 2.88% |
| IPGP | IPG Photonics Corporation | USD 70.1 | ▲ 0.99% |
| UCTT | Ultra Clean Holdings, Inc. | USD 44.79 | ▲ 0.74% |
| ACLS | Axcelis Technologies, Inc. | USD 106.45 | ▲ 1.63% |
| AXTI | AXT Inc | USD 53.75 | ▲ 4.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:21 UTC. This page is informational and not investment advice.
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