Veeco Instruments Inc (VECO) financials
Veeco Instruments revenue and earnings by year
Veeco Instruments's revenue was $664 million in the fiscal year to December 31, 2025, down 7.4% from the year before. Net income was $35.4 million, 5.3% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 8.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 664 | 717 | 666 | 646 | 583 | 454 | 419 | 542 | 476 | 332 |
| Revenue growth | -7.4% | 7.6% | 3.1% | 10.8% | 28.4% | 8.3% | -22.6% | 14.0% | 43.4% | — |
| Gross profit | 265 | 304 | 285 | 263 | 242 | 194 | 158 | 194 | 176 | 133 |
| Gross margin | 40.0% | 42.4% | 42.8% | 40.7% | 41.5% | 42.8% | 37.7% | 35.7% | 37.0% | 40.1% |
| Operating income | 36 | 67 | 70 | 60 | 57 | 23 | -40 | -416 | -72 | -120 |
| Operating margin | 5.4% | 9.3% | 10.5% | 9.3% | 9.7% | 5.0% | -9.4% | -76.6% | -15.1% | -36.2% |
| Net income | 35 | 74 | -30 | 167 | 26 | -8 | -79 | -407 | -51 | -122 |
| Net margin | 5.3% | 10.3% | -4.6% | 25.8% | 4.5% | -1.8% | -18.8% | -75.1% | -10.8% | -36.8% |
| Diluted EPS | $0.59 | $1.23 | -$0.56 | $2.71 | $0.49 | -$0.17 | -$1.67 | -$8.66 | -$1.14 | -$3.13 |
| Free cash flow | 53 | 48 | 34 | 84 | 27 | 36 | -18 | -50 | 11 | -35 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VECO in Markets.
How Veeco Instruments makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Semiconductor | $131M | 67.5% |
| Data Storage | $22.2M | 11.5% |
| Compound Semiconductor | $20.5M | 10.6% |
| Scientific & Other | $20.1M | 10.4% |
See also: VECO valuation and P/E history · VECO returns
No forecast, no recommendation. This page describes Veeco Instruments Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.