Symbols / VECO Stock $51.73 +3.11% Veeco Instruments Inc.

Technology • Semiconductor Equipment & Materials • United States • NMS
VECO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductor Equipment & Materials
CEO Dr. William John Miller Ph.D.
Exch · Country NMS · United States
Market Cap 3.12B
Enterprise Value 3.00B
Income 35.39M
Sales 664.29M
FCF (ttm) 39.44M
Book/sh 14.66
Cash/sh 6.46
Employees 1,265
Insider 10d —
IPO Nov 29, 1994
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 87.68
Forward P/E 24.69
PEG 0.81
P/S 4.70
P/B 3.53
P/C —
EV/EBITDA 47.02
EV/Sales 4.51
Quick Ratio 3.01
Current Ratio 4.75
Debt/Eq 29.59
LT Debt/Eq —
EPS (ttm) 0.59
EPS next Y 2.10
EPS Growth -92.90%
Revenue Growth -9.40%
EPS Gr Q/Q -92.60%
Rev Gr Q/Q —
Earnings (next) 2026-05-05
Earnings (prior) 2026-02-25
ROA 2.12%
ROE 4.27%
ROIC —
Gross Margin 39.95%
Oper. Margin 2.43%
Profit Margin 5.33%
Shs Outstand 60.39M
Shs Float 58.57M
Insider Own 2.99%
Instit Own 104.43%
Short Float 16.06%
Short Ratio 5.41
Short Interest 5.89M
52W High 53.43
vs 52W High -3.18%
52W Low 18.23
vs 52W Low 183.76%
Beta 1.10
Impl. Vol. 89.99%
Rel Volume 1.28
Avg Volume 1.15M
Volume 1.47M
Target (mean) $33.33
Tgt Median $30.00
Tgt Low $30.00
Tgt High $40.00
# Analysts 3
Recom None
Prev Close $50.17
Price $51.73
Change 3.11%
About

Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. It offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems. The company's process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, it markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test companies; and hard disk drive and photonics manufacturers, as well as research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$33.33
Mean price target
2. Current target
$51.73
Latest analyst target
3. DCF / Fair value
$11.75
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$51.73
Low
$30.00
High
$40.00
Mean
$33.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-26 main Citigroup Buy → Buy $40
2025-11-12 main Citigroup Buy → Buy $36
2025-10-03 down Needham Buy → Hold —
2025-08-07 main Needham Buy → Buy $30
2025-08-07 main Benchmark Buy → Buy $28
2025-05-09 main Goldman Sachs Neutral → Neutral $20
2025-05-08 main Barclays Equal-Weight → Equal-Weight $21
2025-04-22 main Barclays Equal-Weight → Equal-Weight $22
2025-02-13 main Citigroup Buy → Buy $30
2025-02-13 main Benchmark Buy → Buy $31
2025-02-13 main Needham Buy → Buy $29
2025-02-13 main Barclays Equal-Weight → Equal-Weight $25
2025-02-07 reit Oppenheimer Outperform → Outperform $35
2025-01-06 up Citigroup Neutral → Buy $33
2024-11-07 main Oppenheimer Outperform → Outperform $40
2024-11-07 main Goldman Sachs Neutral → Neutral $30
2024-11-07 main Benchmark Buy → Buy $38
2024-08-08 main Goldman Sachs Neutral → Neutral $35
2024-08-07 reit Benchmark Buy → Buy $42
2024-08-07 main Northland Capital Markets Outperform → Outperform $47
News
RSS: Latest VECO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-20 KIERNAN JOHN P Chief Financial Officer — 30,274 — —
2026-03-20 MILLER WILLIAM JOHN Chief Executive Officer — 140,157 — —
2026-03-20 PORSHNEV PETER Chief Technology Officer — 593 $25.96 $15,394
2026-03-20 PORSHNEV PETER Chief Technology Officer — 26,910 — —
2026-03-20 WILKERSON SUSAN L Officer — 549 $25.96 $14,251
2026-03-20 WILKERSON SUSAN L Officer — 26,910 — —
2026-03-20 DEVASAHAYAM ADRIAN Officer — 373 $25.96 $9,683
2026-03-20 DEVASAHAYAM ADRIAN Officer — 26,910 — —
2026-03-16 KIERNAN JOHN P Chief Financial Officer — 11,899 — —
2026-03-16 MILLER WILLIAM JOHN Chief Executive Officer — 46,084 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
664.29
-7.39%
717.30
+7.63%
666.43
+3.14%
646.14
Operating Revenue
664.29
-7.39%
717.30
+7.63%
666.43
+3.14%
646.14
Cost Of Revenue
398.88
-3.49%
413.30
+8.37%
381.38
-0.42%
382.99
Reconciled Cost Of Revenue
382.00
-3.32%
395.14
+8.29%
364.89
-0.67%
367.36
Gross Profit
265.41
-12.70%
304.00
+6.65%
285.06
+8.33%
263.15
Operating Expense
220.79
+5.70%
208.89
-2.89%
215.12
+6.05%
202.85
Research And Development
119.64
-3.91%
124.51
+10.33%
112.85
+8.97%
103.56
Selling General And Administration
98.91
-0.76%
99.66
+7.45%
92.76
+4.28%
88.95
Other Operating Expenses
-0.89
+96.01%
-22.26
-2263.27%
1.03
+224.61%
0.32
Total Expenses
619.68
-0.40%
622.19
+4.31%
596.50
+1.82%
585.84
Operating Income
44.62
-53.09%
95.11
+35.99%
69.94
+15.99%
60.30
Total Operating Income As Reported
35.71
-46.69%
66.98
-4.23%
69.94
+15.99%
60.30
EBITDA
68.54
-34.73%
105.02
+1150.56%
8.40
-90.47%
88.14
Normalized EBITDA
77.45
-41.83%
133.15
+1485.53%
8.40
-90.47%
88.14
Reconciled Depreciation
20.02
-20.38%
25.14
+0.71%
24.97
-2.65%
25.64
EBIT
48.52
-39.25%
79.88
+582.13%
-16.57
-126.51%
62.49
Total Unusual Items
-8.91
+68.33%
-28.13
0.00
0.00
Total Unusual Items Excluding Goodwill
-8.91
+68.33%
-28.13
0.00
0.00
Special Income Charges
-8.91
+68.33%
-28.13
0.00
0.00
Restructuring And Mergern Acquisition
8.91
0.00
0.00
0.00
Write Off
0.00
-100.00%
28.13
0.00
0.00
Net Income
35.39
-51.99%
73.71
+342.74%
-30.37
-118.19%
166.94
Pretax Income
39.39
-42.78%
68.83
+342.90%
-28.34
-155.58%
50.98
Net Non Operating Interest Income Expense
4.33
+133.84%
1.85
+256.11%
-1.19
+87.25%
-9.31
Interest Expense Non Operating
9.14
-17.28%
11.04
-6.16%
11.77
+2.26%
11.51
Net Interest Income
4.33
+133.84%
1.85
+256.11%
-1.19
+87.25%
-9.31
Interest Expense
9.14
-17.28%
11.04
-6.16%
11.77
+2.26%
11.51
Interest Income Non Operating
13.47
+4.43%
12.90
+21.87%
10.58
+381.26%
2.20
Interest Income
13.47
+4.43%
12.90
+21.87%
10.58
+381.26%
2.20
Other Income Expense
-9.56
+66.01%
-28.13
+71.03%
-97.09
—
Other Non Operating Income Expenses
-0.65
—
-97.09
—
Tax Provision
4.00
+181.91%
-4.88
-340.39%
2.03
+101.75%
-115.96
Tax Rate For Calcs
0.00
-51.43%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.91
+84.62%
-5.91
0.00
0.00
Net Income Including Noncontrolling Interests
35.39
-51.99%
73.71
+342.74%
-30.37
-118.19%
166.94
Net Income From Continuing Operation Net Minority Interest
35.39
-51.99%
73.71
+342.74%
-30.37
-118.19%
166.94
Net Income From Continuing And Discontinued Operation
35.39
-51.99%
73.71
+342.74%
-30.37
-118.19%
166.94
Net Income Continuous Operations
35.39
-51.99%
73.71
+342.74%
-30.37
-118.19%
166.94
Normalized Income
43.39
-54.77%
95.94
+415.92%
-30.37
-118.19%
166.94
Net Income Common Stockholders
35.77
-52.79%
75.77
+349.50%
-30.37
-117.08%
177.77
Otherunder Preferred Stock Dividend
-0.38
+81.60%
-2.05
0.00
+100.00%
-10.83
Diluted EPS
0.59
-52.03%
1.23
+319.64%
-0.56
-120.66%
2.71
Basic EPS
0.60
-54.20%
1.31
+333.93%
-0.56
-116.72%
3.35
Basic Average Shares
59.30
+5.09%
56.43
+4.94%
53.77
+7.74%
49.91
Diluted Average Shares
60.59
-1.63%
61.60
+14.56%
53.77
-18.04%
65.61
Diluted NI Availto Com Stockholders
35.77
-52.79%
75.77
+349.50%
-30.37
-117.08%
177.77
Amortization
3.14
-55.09%
6.98
-17.66%
8.48
-15.34%
10.02
Amortization Of Intangibles Income Statement
3.14
-55.09%
6.98
-17.66%
8.48
-15.34%
10.02
Depreciation Amortization Depletion Income Statement
3.14
-55.09%
6.98
-17.66%
8.48
-15.34%
10.02
Depreciation And Amortization In Income Statement
3.14
-55.09%
6.98
-17.66%
8.48
-15.34%
10.02
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,325.80
+5.93%
1,251.58
+1.83%
1,229.04
+8.94%
1,128.18
Current Assets
845.34
+10.57%
764.53
+8.25%
706.28
+5.59%
668.90
Cash Cash Equivalents And Short Term Investments
390.23
+13.34%
344.31
+12.73%
305.44
+1.00%
302.41
Cash And Cash Equivalents
163.47
+12.27%
145.59
-8.30%
158.78
+2.49%
154.93
Other Short Term Investments
226.76
+14.11%
198.72
+35.49%
146.66
-0.56%
147.49
Receivables
145.52
+8.65%
133.94
+5.15%
127.39
-9.48%
140.73
Accounts Receivable
110.69
+14.30%
96.83
-6.00%
103.02
-17.07%
124.22
Gross Accounts Receivable
111.69
+14.16%
97.83
-5.95%
104.02
-16.73%
124.92
Allowance For Doubtful Accounts Receivable
-1.00
+0.00%
-1.00
+0.00%
-1.00
-42.86%
-0.70
Other Receivables
34.84
-6.12%
37.11
+52.27%
24.37
+47.63%
16.51
Inventory
275.30
+11.58%
246.74
+3.83%
237.63
+14.85%
206.91
Raw Materials
156.38
+21.06%
129.18
-7.65%
139.88
+3.66%
134.94
Work In Process
80.95
-8.39%
88.36
+23.97%
71.28
+3.65%
68.77
Finished Goods
7.02
+132.66%
3.02
-51.22%
6.18
+308.66%
1.51
Prepaid Assets
—
—
—
—
Current Deferred Assets
—
—
—
—
Restricted Cash
0.00
-100.00%
0.22
-33.92%
0.34
-38.03%
0.55
Other Current Assets
34.29
-12.79%
39.32
+10.84%
35.47
+93.78%
18.30
Total Non Current Assets
480.46
-1.35%
487.05
-6.83%
522.76
+13.82%
459.28
Net PPE
133.25
-5.02%
140.29
-1.78%
142.84
+6.79%
133.75
Gross PPE
345.52
+2.34%
337.64
+3.82%
325.21
+6.27%
306.02
Accumulated Depreciation
-212.27
-7.56%
-197.34
-8.21%
-182.37
-5.86%
-172.28
Properties
0.00
0.00
0.00
0.00
Land And Improvements
5.06
+0.00%
5.06
+0.00%
5.06
+0.00%
5.06
Buildings And Improvements
61.75
+0.40%
61.50
-0.28%
61.68
-3.92%
64.20
Machinery Furniture Equipment
198.90
+4.24%
190.81
+5.32%
181.18
+16.49%
155.53
Other Properties
24.61
-7.16%
26.50
+8.72%
24.38
-7.90%
26.47
Leases
55.21
+2.70%
53.76
+1.60%
52.91
-3.38%
54.76
Goodwill And Other Intangible Assets
220.66
-1.40%
223.80
-13.56%
258.91
+25.79%
205.83
Goodwill
214.96
+0.00%
214.96
+0.00%
214.96
+18.15%
181.94
Other Intangible Assets
5.70
-35.51%
8.83
-79.90%
43.95
+83.97%
23.89
Non Current Deferred Assets
122.94
+2.28%
120.19
+1.94%
117.90
+1.33%
116.35
Non Current Deferred Taxes Assets
122.94
+2.28%
120.19
+1.94%
117.90
+1.33%
116.35
Other Non Current Assets
3.61
+30.59%
2.77
-11.26%
3.12
-7.09%
3.35
Total Liabilities Net Minority Interest
440.29
-8.43%
480.81
-13.62%
556.60
+1.13%
550.36
Current Liabilities
178.06
-7.40%
192.28
-11.81%
218.03
-15.46%
257.90
Payables And Accrued Expenses
94.19
+4.14%
90.45
+7.20%
84.38
-15.72%
100.11
Payables
59.35
+25.89%
47.14
+6.64%
44.21
-21.77%
56.51
Accounts Payable
55.34
+27.17%
43.52
+2.68%
42.38
-18.57%
52.05
Current Accrued Expenses
34.84
-19.54%
43.30
+7.81%
40.17
-7.87%
43.60
Total Tax Payable
4.01
+10.51%
3.62
+98.63%
1.82
-59.07%
4.46
Income Tax Payable
3.05
+46.12%
2.09
0.00
-100.00%
2.43
Current Debt And Capital Lease Obligation
4.16
-86.24%
30.25
+651.63%
4.03
-82.87%
23.50
Current Debt
—
26.50
—
20.17
Other Current Borrowings
—
26.50
—
20.17
Current Capital Lease Obligation
4.16
+10.83%
3.76
-6.66%
4.03
+20.76%
3.33
Current Deferred Liabilities
74.16
+14.12%
64.99
-44.94%
118.03
-7.23%
127.22
Current Deferred Revenue
74.16
+14.12%
64.99
-44.94%
118.03
-7.23%
127.22
Other Current Liabilities
5.54
-16.00%
6.59
-43.18%
11.61
+64.14%
7.07
Total Non Current Liabilities Net Minority Interest
262.23
-9.11%
288.52
-14.78%
338.57
+15.77%
292.45
Long Term Debt And Capital Lease Obligation
257.85
-9.22%
284.02
-7.33%
306.47
+6.39%
288.07
Long Term Debt
226.01
-9.49%
249.70
-9.18%
274.94
+8.04%
254.49
Long Term Capital Lease Obligation
31.84
-7.23%
34.32
+8.85%
31.53
-6.11%
33.58
Non Current Deferred Liabilities
0.53
-22.79%
0.69
-89.48%
6.55
+409.88%
1.28
Non Current Deferred Taxes Liabilities
0.53
-22.79%
0.69
-89.48%
6.55
+409.88%
1.28
Other Non Current Liabilities
3.85
+0.94%
3.82
-85.06%
25.54
+724.53%
3.10
Stockholders Equity
885.51
+14.89%
770.77
+14.62%
672.44
+16.37%
577.82
Common Stock Equity
885.51
+14.89%
770.77
+14.62%
672.44
+16.37%
577.82
Capital Stock
0.60
+6.15%
0.57
+0.89%
0.56
+9.09%
0.52
Common Stock
0.60
+6.15%
0.57
+0.89%
0.56
+9.09%
0.52
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
60.39
+6.27%
56.83
+0.82%
56.36
+9.11%
51.66
Ordinary Shares Number
60.39
+6.27%
56.83
+0.82%
56.36
+9.11%
51.66
Additional Paid In Capital
1,306.18
+6.44%
1,227.13
+2.05%
1,202.44
+11.52%
1,078.18
Retained Earnings
-423.06
+7.72%
-458.45
+13.85%
-532.17
-6.05%
-501.80
Gains Losses Not Affecting Retained Earnings
1.79
+17.87%
1.52
-5.29%
1.61
+73.17%
0.93
Other Equity Adjustments
1.79
+17.87%
1.52
-5.29%
1.61
+73.17%
0.93
Total Equity Gross Minority Interest
885.51
+14.89%
770.77
+14.62%
672.44
+16.37%
577.82
Total Capitalization
1,111.52
+8.92%
1,020.47
+7.71%
947.38
+13.83%
832.32
Working Capital
667.28
+16.61%
572.25
+17.21%
488.25
+18.80%
411.00
Invested Capital
1,111.52
+6.17%
1,046.97
+10.51%
947.38
+11.13%
852.48
Total Debt
262.01
-16.63%
314.27
+1.22%
310.50
-0.35%
311.57
Net Debt
62.54
-52.11%
130.60
+12.43%
116.16
-2.99%
119.73
Capital Lease Obligations
36.00
-5.45%
38.08
+7.09%
35.55
-3.68%
36.91
Net Tangible Assets
664.85
+21.55%
546.97
+32.27%
413.53
+11.17%
371.99
Tangible Book Value
664.85
+21.55%
546.97
+32.27%
413.53
+11.17%
371.99
Current Provisions
—
—
—
8.60
Interest Payable
0.68
-43.24%
1.20
+4.26%
1.15
-59.73%
2.85
Other Inventories
30.95
+18.22%
26.18
+29.03%
20.29
+1100.59%
1.69
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
69.49
+8.90%
63.81
+3.47%
61.67
-43.15%
108.48
Cash Flow From Continuing Operating Activities
69.49
+8.90%
63.81
+3.47%
61.67
-43.15%
108.48
Net Income From Continuing Operations
35.39
-51.99%
73.71
+342.74%
-30.37
-118.19%
166.94
Depreciation Amortization Depletion
20.02
-20.38%
25.14
+0.71%
24.97
-2.65%
25.64
Depreciation And Amortization
20.02
-20.38%
25.14
+0.71%
24.97
-2.65%
25.64
Other Non Cash Items
0.19
+100.97%
-19.98
-1198.68%
1.82
+89.09%
0.96
Stock Based Compensation
37.05
+3.26%
35.88
+25.64%
28.56
+24.20%
22.99
Provisionand Write Offof Assets
0.00
0.00
-100.00%
0.32
0.00
Asset Impairment Charge
0.00
-100.00%
28.54
0.00
0.00
Deferred Tax
-2.98
+65.84%
-8.73
-294.80%
-2.21
+98.13%
-118.04
Deferred Income Tax
-2.98
+65.84%
-8.73
-294.80%
-2.21
+98.13%
-118.04
Operating Gains Losses
—
—
97.09
—
Change In Working Capital
-20.18
+71.48%
-70.74
-20.93%
-58.50
-686.14%
9.98
Change In Receivables
-11.59
-76.83%
-6.55
-149.39%
13.27
+203.47%
-12.83
Change In Inventory
-28.56
-243.84%
-8.31
+76.37%
-35.16
+5.71%
-37.29
Change In Prepaid Assets
3.02
+163.59%
-4.75
+70.42%
-16.06
-309.48%
7.67
Change In Payables And Accrued Expense
4.23
+1350.89%
-0.34
+96.16%
-8.81
+32.83%
-13.12
Change In Other Working Capital
12.73
+125.06%
-50.79
-332.74%
-11.74
-117.91%
65.54
Investing Cash Flow
-41.48
+35.74%
-64.55
-21.03%
-53.33
+22.58%
-68.88
Cash Flow From Continuing Investing Activities
-41.48
+35.74%
-64.55
-21.03%
-53.33
+22.58%
-68.88
Capital Expenditure
-16.20
+10.56%
-18.11
+35.15%
-27.93
-13.52%
-24.60
Capital Expenditure Reported
-16.20
+10.56%
-18.11
+35.15%
-27.93
-13.52%
-24.60
Net Investment Purchase And Sale
-25.28
+47.84%
-48.47
-1074.60%
4.97
+111.23%
-44.28
Purchase Of Investment
-223.53
-10.28%
-202.69
-13.95%
-177.88
-71.02%
-104.01
Sale Of Investment
198.25
+28.55%
154.22
-15.66%
182.85
+206.09%
59.74
Net Business Purchase And Sale
0.00
0.00
+100.00%
-30.37
0.00
Purchase Of Business
0.00
0.00
+100.00%
-30.37
0.00
Net Other Investing Changes
—
2.03
—
—
Financing Cash Flow
-10.47
+16.77%
-12.58
-168.78%
-4.68
-2.86%
-4.55
Cash Flow From Continuing Financing Activities
-10.47
+16.77%
-12.58
-168.78%
-4.68
-2.86%
-4.55
Net Issuance Payments Of Debt
-5.23
0.00
-100.00%
4.21
0.00
Issuance Of Debt
0.00
0.00
-100.00%
223.20
0.00
Repayment Of Debt
-5.23
0.00
+100.00%
-218.99
0.00
Long Term Debt Issuance
0.00
0.00
-100.00%
223.20
0.00
Long Term Debt Payments
-5.23
0.00
+100.00%
-218.99
0.00
Net Long Term Debt Issuance
-5.23
0.00
-100.00%
4.21
0.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Proceeds From Stock Option Exercised
4.72
-11.01%
5.30
+14.83%
4.62
+24.88%
3.70
Net Other Financing Charges
-9.96
+44.31%
-17.88
-32.37%
-13.51
-63.79%
-8.25
Changes In Cash
17.55
+231.82%
-13.31
-463.29%
3.66
-89.55%
35.05
Effect Of Exchange Rate Changes
0.10
+910.00%
0.01
+162.50%
-0.02
+69.81%
-0.05
Beginning Cash Position
145.82
-8.36%
159.12
+2.35%
155.47
+29.05%
120.47
End Cash Position
163.47
+12.10%
145.82
-8.36%
159.12
+2.35%
155.47
Free Cash Flow
53.29
+16.61%
45.70
+35.44%
33.74
-59.77%
83.88
Interest Paid Supplemental Data
8.23
-13.35%
9.50
-19.35%
11.78
+16.19%
10.14
Income Tax Paid Supplemental Data
0.09
-97.13%
3.03
-40.45%
5.09
+255.30%
1.43
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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