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

36.95 3.70 +11.13%
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) Operating margin

Alert me on Operating margin

Veeco Instruments Inc.'s operating margin over the twelve months to 30 September 2026 was 3.02%, down 2.4 percentage points from fiscal 2025 (5.38%). Over the past ten years it has ranged from −76.7% (fiscal 2018) to 10.5% (fiscal 2023); the current reading is higher than 64% of that period. That is below the Semiconductor Equipment & Materials industry median of 12.0% and above the Technology sector median of 0.02%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 5.38% (3.96)
FY2024 9.34% (1.15)
FY2023 10.5% 1.16
FY2022 9.33% (0.39)
FY2021 9.72% 4.75
FY2020 4.97% 14.41
FY2019 −9.44% 67.21
FY2018 −76.7% (61.54)
FY2017 −15.1% 21.12
FY2016 −36.2% (31.36)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 6.73% 0.60
Jun 2026 6.13% 7.81
Mar 2026 −1.68% (0.85)
Dec 2025 −0.83% (7.19)
43 more quarters

Against its own ten years

Low −76.7% High 10.5%
Ten-year median 4.97%
Current reading's percentile 51

Operating margin against peers

Company Operating margin
PLAB Photronics, Inc. compare 22.5%
ACMR ACM Research, Inc. compare 13.3%
ACLS Axcelis Technologies, Inc. compare 10.3%
UCTT Ultra Clean Holdings, Inc. compare 4.32%
VECO Veeco Instruments Inc. 3.02%
IPGP IPG Photonics Corporation compare 1.89%
COHU Cohu, Inc. compare −2.38%
AMBA Ambarella, Inc. compare −14.9%
AEHR Aehr Test Systems compare −28.3%
Semiconductor Equipment & Materials industry median 12.0%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on VECO