Veeco Instruments Inc. (VECO)

NASDAQ: VECO · Real-Time Price · USD

44.36

+0.14 (0.32%)

At close: Sep 22, 2026, 4:00 PM EDT

43.83

-0.53 (-1.19%)

Pre-market: Sep 23, 2026, 7:39 AM EDT

Veeco Instruments Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	682.72	664.29	717.3	666.44	646.14	583.28
Revenue Growth	-2.51%	-7.39%	7.63%	3.14%	10.78%	28.43%
Gross Profit	258.48	265.41	304.01	285.06	263.15	242.27
Operating Income	29.44	43.69	73.87	69.94	60.3	56.71
Net Income	23.24	35.39	73.71	-30.37	166.94	26.04
Earnings Per Share	0.37	0.59	1.23	-0.56	2.71	0.49
EPS Growth	-63.62%	-52.01%	-	-	453.00%	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	146.77	101.39	164.56	162.79	197.43	217.21
Europe, The Middle East, and Africa (EMEA)	51.71	50.79	61.73	76.7	87.84	55.13
China	151.47	181.81	255.62	217.94	123.7	106
Rest of APAC	332.18	330.18	234.59	208.69	235.74	204.63
Rest of World	0.59	0.12	0.8	0.31	1.43	0.31
Total	682.72	664.29	717.3	666.44	646.14	583.28

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	429.4	390.23	344.31	305.45	302.41	223.93
Total Debt	261.19	262.01	314.27	310.5	311.57	266.71
Net Cash (Debt)	168.21	128.22	30.04	-5.05	-9.16	-42.78
Net Cash Growth	82.79%	326.81%	-	-	-	-
Net Cash Per Share	2.67	2.12	0.49	-0.09	-0.14	-0.80

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	99.83	69.49	63.82	61.67	108.48	67.74
Capital Expenditures	-14.66	-16.2	-18.11	-27.93	-24.6	-40.64
Free Cash Flow	85.17	53.29	45.7	33.74	83.88	27.1
Free Cash Flow Growth	53.41%	16.61%	35.44%	-59.77%	209.53%	-25.18%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	37.86%	39.95%	42.38%	42.77%	40.73%	41.54%
Operating Margin	4.31%	6.58%	10.30%	10.50%	9.33%	9.72%
Pretax Margin	3.42%	5.93%	9.60%	-4.25%	7.89%	4.40%
Profit Margin	3.40%	5.33%	10.28%	-4.56%	25.84%	4.46%
FCF Margin	12.47%	8.02%	6.37%	5.06%	12.98%	4.65%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 23, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	119.49	48.59	20.64	-	5.72	55.22
Forward PE	18.45	21.27	16.23	18.55	15.05	19.44
P/FCF Ratio	31.84	32.26	33.30	51.81	11.39	53.06
PS Ratio	3.97	2.59	2.12	2.62	1.48	2.47