Veeco Instruments (NASDAQ:VECO) Issues FY 2026 Earnings Guidance

Key Points

• Veeco issued FY2026 guidance of EPS $1.50–$1.85 (consensus $1.53) and revenue of $740M–$800M (consensus $770M), and set Q2 guidance at $0.20–$0.32 EPS.
• Shares fell about 2.7% to $49.54 on heavy volume after the update; the stock trades at a P/E of ~84 with a market cap near $3.0B.
• CEO William John Miller sold 50,000 shares in March, the company missed Q1 estimates (EPS $0.14 vs $0.20 consensus), and analysts' average rating is “Hold” with an average price target of $28.17.

Veeco Instruments (NASDAQ:VECO - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.500-1.850 for the period, compared to the consensus estimate of 1.530. The company issued revenue guidance of $740.0 million-$800.0 million, compared to the consensus revenue estimate of $770.0 million. Veeco Instruments also updated its Q2 2026 guidance to 0.200-0.320 EPS.

Veeco Instruments Trading Down 2.7%

Veeco Instruments stock traded down $1.39 during mid-day trading on Tuesday, hitting $49.54. 3,139,662 shares of the company's stock were exchanged, compared to its average volume of 1,068,027. The company's 50 day simple moving average is $36.63 and its 200-day simple moving average is $32.65. The company has a quick ratio of 3.20, a current ratio of 4.75 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $2.99 billion, a P/E ratio of 83.97 and a beta of 1.36. Veeco Instruments has a fifty-two week low of $18.31 and a fifty-two week high of $53.43.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.06). The business had revenue of $158.34 million during the quarter, compared to the consensus estimate of $160.07 million. Veeco Instruments had a return on equity of 5.04% and a net margin of 5.33%.Veeco Instruments has set its Q2 2026 guidance at 0.200-0.320 EPS and its FY 2026 guidance at 1.500-1.850 EPS. On average, equities analysts anticipate that Veeco Instruments will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Veeco Instruments in a research note on Wednesday, January 21st. Needham & Company LLC reissued a "hold" rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Citigroup raised their price objective on shares of Veeco Instruments from $36.00 to $40.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Finally, Zacks Research cut shares of Veeco Instruments from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.17.

Insider Buying and Selling

In other Veeco Instruments news, CEO William John Miller sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $31.62, for a total value of $1,581,000.00. Following the sale, the chief executive officer owned 414,543 shares in the company, valued at approximately $13,107,849.66. The trade was a 10.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company's stock.

Institutional Trading of Veeco Instruments

A number of institutional investors have recently made changes to their positions in VECO. Smartleaf Asset Management LLC grew its position in Veeco Instruments by 75.6% in the second quarter. Smartleaf Asset Management LLC now owns 2,366 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 1,019 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in Veeco Instruments during the 3rd quarter worth about $91,000. Tower Research Capital LLC TRC boosted its stake in shares of Veeco Instruments by 152.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company's stock worth $125,000 after buying an additional 3,719 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Veeco Instruments by 9.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company's stock worth $130,000 after buying an additional 580 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new position in shares of Veeco Instruments in the 3rd quarter valued at about $146,000. Institutional investors own 98.46% of the company's stock.

Veeco Instruments Company Profile

Veeco Instruments Inc NASDAQ: VECO is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco's platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco's product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.

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