Veeco Instruments Inc.

VECO Technology Semiconductor Equipment & Materials

Veeco Instruments Inc.’s revenue for fiscal 2025 (year ended December 2025) was $664.3 million, down 7.39% from fiscal 2024.

Revenue
+26.2%
EPS
+22.2%
Free cash flow
+313.7%
Total debt
+0.49%

Quarter to September 2026, against a year earlier

36.64 3.39 +10.20%
Market cap
$2.0B
P/E
80.7×
Fwd P/E
43.4×
Dividend yield
—
F-score
5/9
Altman Z
3.06
Beneish M
−2.39
Dividend safety
n/a

Veeco Instruments Inc. (VECO) Gross margin

Alert me on Gross margin

Veeco Instruments Inc.'s gross margin over the twelve months to 30 September 2026 was 37.4%, down 2.6 percentage points from fiscal 2025 (40.0%). Over the past ten years it has ranged from 35.7% (fiscal 2018) to 42.8% (fiscal 2020); the current reading is higher than 45% of that period. That is below the Semiconductor Equipment & Materials industry median of 46.9% and below the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 40.0% (2.43)
FY2024 42.4% (0.39)
FY2023 42.8% 2.04
FY2022 40.7% (0.81)
FY2021 41.5% (1.24)
FY2020 42.8% 5.06
FY2019 37.7% 1.98
FY2018 35.7% (1.31)
FY2017 37.1% (3.08)
FY2016 40.1% 2.98

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 38.4% (0.29)
Jun 2026 38.7% 3.42
Mar 2026 35.3% (1.41)
Dec 2025 36.7% (4.14)
43 more quarters

Against its own ten years

Low 35.7% High 42.8%
Ten-year median 40.1%
Current reading's percentile 26

Gross margin against peers

Company Gross margin
AMBA Ambarella, Inc. compare 58.5%
COHU Cohu, Inc. compare 44.5%
ACMR ACM Research, Inc. compare 43.8%
ACLS Axcelis Technologies, Inc. compare 42.8%
IPGP IPG Photonics Corporation compare 38.7%
VECO Veeco Instruments Inc. 37.4%
AEHR Aehr Test Systems compare 35.3%
PLAB Photronics, Inc. compare 33.7%
UCTT Ultra Clean Holdings, Inc. compare 16.1%
Semiconductor Equipment & Materials industry median 46.9%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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