Veeco Instruments (NASDAQ:VECO) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Veeco missed Q1 expectations, reporting $0.14 EPS versus a $0.20 consensus (a $0.06 miss), and updated its Q2 2026 guidance to $0.200–$0.320 EPS.
• The stock fell about 2.7% to $49.54 on heavy volume; despite a market cap of $2.99B, analysts have a consensus “Hold” rating with a consensus price target of $28.17, well below the current share price.
• Insider activity: CEO William John Miller sold 50,000 shares for roughly $1.58M (reducing his stake by 10.76%), and insiders now own about 2.7% of the company.

Veeco Instruments (NASDAQ:VECO - Get Free Report) released its quarterly earnings data on Tuesday. The semiconductor company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06), FiscalAI reports. Veeco Instruments had a net margin of 5.33% and a return on equity of 5.04%. Veeco Instruments updated its Q2 2026 guidance to 0.200-0.320 EPS.

Veeco Instruments Stock Down 2.7%

VECO traded down $1.39 on Tuesday, hitting $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 fifty day moving average price of $36.63 and a 200-day moving average price of $32.65. Veeco Instruments has a 12-month low of $18.31 and a 12-month high of $53.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.20 and a current ratio of 4.75. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 83.97 and a beta of 1.36.

Wall Street Analyst Weigh In

Several analysts recently weighed in on VECO shares. Needham & Company LLC restated a "hold" rating on shares of Veeco Instruments in a report on Thursday, February 26th. Weiss Ratings restated a "hold (c)" rating on shares of Veeco Instruments in a report on Wednesday, January 21st. Zacks Research downgraded Veeco Instruments from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Finally, Citigroup lifted their price objective on Veeco Instruments from $36.00 to $40.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Veeco Instruments presently has a consensus rating of "Hold" and a consensus price target of $28.17.

Insider Transactions at Veeco Instruments

In other Veeco Instruments news, CEO William John Miller sold 50,000 shares of Veeco Instruments stock in a transaction dated 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 transaction, the chief executive officer owned 414,543 shares in the company, valued at $13,107,849.66. The trade was a 10.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its stake 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 during the last quarter. Johnson Financial Group Inc. purchased a new position in Veeco Instruments in the third quarter valued at about $91,000. Tower Research Capital LLC TRC grew its stake in Veeco Instruments by 152.4% in the second quarter. Tower Research Capital LLC TRC now owns 6,160 shares of the semiconductor company's stock valued at $125,000 after purchasing an additional 3,719 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Veeco Instruments by 9.9% during the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company's stock worth $130,000 after acquiring an additional 580 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Veeco Instruments during the third quarter worth about $146,000. Hedge funds and other 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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