VECO
Veeco Instruments Inc.30.37
-0.39-1.27%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.83BP/E (TTM)
36.59Basic EPS (TTM)
0.83Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Veeco-Axcelis merger announced
Veeco Instruments announced an all-stock merger with Axcelis Technologies on September 30, 2025, where Veeco shareholders receive 0.3575 Axcelis shares per Veeco share, yielding 41.6% ownership in the combined entity. This deal merges complementary semiconductor equipment portfolios, expanding the addressable market beyond $5 billion amid AI-driven demand, while boosting R&D scale for innovation. Closing is targeted for 2026, pending approvals. Integration risks loom large.
8-K
Veeco Q2 revenue dips slightly
Veeco Instruments reported Q2 2025 revenue of $166.1 million, down from $175.9 million last year, yet GAAP net income held at $11.7 million with non-GAAP EPS at $0.36, driven by AI-fueled shipments of wet processing, lithography, and ion beam systems. Strong performance in advanced packaging and EUV mask blanks offset softer demand elsewhere. Q3 guidance projects $150-170 million revenue. Trade disputes pose risks.
10-Q
Q2 FY2025 results
Veeco's Q2 revenue dipped 6% y/y to $166.1M, with semiconductor sales up 13% y/y to $123.9M on stronger ion beam deposition and wet processing shipments, yet data storage plunged 64% y/y to $12.4M amid muted capacity investments. Gross margins slipped to 41.4% from 42.9%, reflecting lower volumes and tariff-driven costs, while operating income fell 26% y/y to $12.4M. Diluted EPS of $0.20 edged down from $0.25, reconciling neatly with 60.2M shares and $11.7M net income. Cash swelled to $188.9M, bolstered by $29.0M operating cash flow and $18.7M free cash flow (derived), against $225.4M in 2.875% notes due 2029; the $250M revolver remains undrawn with no covenant breaches. Settlement of $25M 2027 notes in May for $5.4M cash and 1.6M shares trimmed debt. Tariffs cloud demand, especially in China.
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