Veeco Instruments (NASDAQ:VECO) Issues Q2 2026 Earnings Guidance

Key Points

• Q2 2026 guidance: Veeco set EPS guidance of $0.20–$0.32 (consensus $0.30) and revenue guidance of $170M–$190M (consensus $176.5M), a wide range that roughly encompasses analyst expectations.
• The company missed the most recent quarter with $0.14 EPS versus a $0.20 consensus, while the stock trades near $49.54 with a high trailing P/E of about 83.97 and a market cap around $3.0B.
• Analysts have a consensus "Hold" rating and $28.17 target (two Buy, six Hold), though Citigroup raised its target to $40 with a Buy, and CEO William J. Miller sold 50,000 shares, reducing his personal holding by about 10.8%.

Veeco Instruments (NASDAQ:VECO - Get Free Report) updated its second quarter 2026 earnings guidance on Tuesday. The company provided EPS guidance of 0.200-0.320 for the period, compared to the consensus EPS estimate of 0.300. The company issued revenue guidance of $170.0 million-$190.0 million, compared to the consensus revenue estimate of $176.5 million.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Citigroup upped their price objective on shares of Veeco Instruments from $36.00 to $40.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of Veeco Instruments in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Veeco Instruments in a research report on Wednesday, January 21st. 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.17.

Veeco Instruments Price Performance

Shares of VECO stock traded down $1.39 on Tuesday, reaching $49.54. The company had a trading volume of 2,925,739 shares, compared to its average volume of 1,053,438. The stock has a market capitalization of $2.99 billion, a PE ratio of 83.97 and a beta of 1.36. The company has a quick ratio of 3.20, a current ratio of 4.75 and a debt-to-equity ratio of 0.26. Veeco Instruments has a one year low of $18.31 and a one year high of $53.43. The business's 50-day moving average is $36.63 and its 200 day moving average is $32.65.

Veeco Instruments (NASDAQ:VECO - Get Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). 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. Equities research analysts forecast that Veeco Instruments will post 1.04 EPS for the current fiscal year.

Insider Activity at Veeco Instruments

In other news, CEO William John Miller sold 50,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $31.62, for a total value of $1,581,000.00. Following the completion of the transaction, the chief executive officer owned 414,543 shares of the company's stock, valued at approximately $13,107,849.66. This represents a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in shares of Veeco Instruments by 4.9% in the second quarter. Wasatch Advisors LP now owns 3,396,804 shares of the semiconductor company's stock valued at $69,023,000 after buying an additional 157,978 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Veeco Instruments by 9.7% in the second quarter. The Manufacturers Life Insurance Company now owns 3,215,031 shares of the semiconductor company's stock valued at $65,329,000 after buying an additional 284,716 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Veeco Instruments by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,481,803 shares of the semiconductor company's stock valued at $75,521,000 after buying an additional 26,248 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of Veeco Instruments by 1.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,410,000 shares of the semiconductor company's stock valued at $48,971,000 after buying an additional 30,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Veeco Instruments by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,481,558 shares of the semiconductor company's stock valued at $42,350,000 after buying an additional 15,200 shares during the period. Institutional investors and hedge funds own 98.46% of the company's stock.

About Veeco Instruments

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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