Veeco Instruments (VECO) Stock Overview
Develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
VECO Community Fair Values
Create NarrativeSee what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Veeco Instruments Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$56.96 |
| 52 Week High | US$86.63 |
| 52 Week Low | US$19.29 |
| Beta | 1.34 |
| 1 Month Change | -31.41% |
| 3 Month Change | 32.80% |
| 1 Year Change | 176.10% |
| 3 Year Change | 114.62% |
| 5 Year Change | 154.97% |
| Change since IPO | 420.75% |
Recent News & Updates
Seeking Alpha • Jul 06
Veeco: The 18% Crash Highlights Fundamental Flaws In This Story
Summary Veeco Instruments experienced an 18% single-day stock drop, highlighting heightened risk in speculative semiconductor names with unproven fundamentals. VECO reported Q1 2026 revenue of $158.34M, down 5.35% YoY, and EPS of $0.14, missing consensus by $0.09. Gross margins declined from 40.9% YoY, indicating that any growth is coming at a higher cost and pressuring profitability. VECO's product offerings are perceived as less essential than core semiconductor infrastructure, raising concerns about demand resilience and valuation risk. Read the full article on Seeking Alpha
Narrative Update • Jul 02
VECO: Refreshed Earnings Outlook Will Likely Cap Near-Term Upside For Shares
Veeco Instruments' analyst fair value estimate has shifted from $40.00 to $66.00 as analysts update their models and price targets, including a move to $55.00 at one major firm. This reflects revised expectations for revenue growth, profit margins and future P/E assumptions.
Narrative Update • Jun 18
VECO: AI Datacom Orders And Insider Selling Will Pressure Future Stock Returns
Analysts have raised their price target on Veeco Instruments stock to $55, up from $30. They cite updated post-earnings models and refreshed assumptions related to revenue growth, margins, discount rate, and future P/E expectations.
Narrative Update • Jun 04
VECO: Higher AI Infrastructure Hopes Will Likely Leave Shares Sensitive To Execution
Analysts now frame Veeco Instruments’ fair value at $55, up from $30, reflecting updated expectations for revenue growth, profit margin and future P/E after recent earnings-driven model revisions. Analyst Commentary Street research around Veeco Instruments has centered on refreshed models after recent earnings, with some firms lifting formal price targets, including a move to US$55 from US$30 while keeping a neutral stance on the stock.Recent updates
Seeking Alpha • Jul 06
Veeco: The 18% Crash Highlights Fundamental Flaws In This Story
Summary Veeco Instruments experienced an 18% single-day stock drop, highlighting heightened risk in speculative semiconductor names with unproven fundamentals. VECO reported Q1 2026 revenue of $158.34M, down 5.35% YoY, and EPS of $0.14, missing consensus by $0.09. Gross margins declined from 40.9% YoY, indicating that any growth is coming at a higher cost and pressuring profitability. VECO's product offerings are perceived as less essential than core semiconductor infrastructure, raising concerns about demand resilience and valuation risk. Read the full article on Seeking AlphaNarrative Update • Jul 02
VECO: Refreshed Earnings Outlook Will Likely Cap Near-Term Upside For Shares
Veeco Instruments' analyst fair value estimate has shifted from $40.00 to $66.00 as analysts update their models and price targets, including a move to $55.00 at one major firm. This reflects revised expectations for revenue growth, profit margins and future P/E assumptions.Narrative Update • Jun 18
VECO: AI Datacom Orders And Insider Selling Will Pressure Future Stock Returns
Analysts have raised their price target on Veeco Instruments stock to $55, up from $30. They cite updated post-earnings models and refreshed assumptions related to revenue growth, margins, discount rate, and future P/E expectations.Narrative Update • Jun 04
VECO: Higher AI Infrastructure Hopes Will Likely Leave Shares Sensitive To Execution
Analysts now frame Veeco Instruments’ fair value at $55, up from $30, reflecting updated expectations for revenue growth, profit margin and future P/E after recent earnings-driven model revisions. Analyst Commentary Street research around Veeco Instruments has centered on refreshed models after recent earnings, with some firms lifting formal price targets, including a move to US$55 from US$30 while keeping a neutral stance on the stock.Narrative Update • May 20
VECO: AI Datacom Orders And Execution Risks Will Shape Balanced Outlook
Analysts have raised the Veeco Instruments price target from approximately $33 to around $60, reflecting updated models that incorporate revised assumptions for growth, margins, discount rate, and future P/E following recent earnings. Analyst Commentary Recent research updates around Veeco Instruments have focused on revised models following earnings, with several firms lifting their price targets and reassessing the stock's risk and reward profile.Narrative Update • May 02
VECO: Refreshed Earnings Model Will Likely Expose Downside Risk To Shares
Analysts lifted their price target on Veeco Instruments to $40 from $36, reflecting updated post earnings models that incorporate refreshed assumptions on growth, margins and valuation multiples. Analyst Commentary Street research around Veeco Instruments has leaned constructive, with fresh models following the latest earnings update feeding into higher valuation assumptions and a lifted price target to $40.
New Narrative • Apr 19
Veeco Instruments Could Reach $50–$66 Over the Next Five Years
Veeco Instruments has a credible path to $50–$66 over the next five years because it is a key supplier of advanced equipment used in semiconductor, compound‑semiconductor, and advanced packaging manufacturing. Its systems are critical for patterning and thin‑film processes that support AI, 5G, and next‑generation chips, giving the company structural exposure to long‑term capacity and technology upgrades.Narrative Update • Apr 17
VECO: AI Datacom Demand Will Face Execution Risk Against Optimistic Outlook
Analysts have raised their price target on Veeco Instruments to $40 from $36, reflecting updated post-earnings models that incorporate modest tweaks to the discount rate, long-term growth and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts see the new US$40 target as better aligned with updated earnings assumptions after the latest report, suggesting the prior US$36 figure was conservative relative to their refreshed model.Narrative Update • Apr 02
VECO: Higher Earnings Hopes Will Likely Leave Shares Exposed To Future Misses
Analysts have lifted the fair value estimate for Veeco Instruments to $30 from $21, citing refreshed earnings models and higher Street price targets, such as Citi's move to $40 following the latest results. Analyst Commentary While some research houses have lifted price targets on Veeco Instruments following recent results, not every piece of feedback points in the same direction.Narrative Update • Mar 19
VECO: Refreshed Earnings Model And Merger Vote Will Shape Bullish Outlook
Analysts have lifted their price target on Veeco Instruments to $40 from $36, citing refreshed models following the latest earnings report as the key driver of the updated view. Analyst Commentary Bullish analysts are pointing to refreshed models following the latest earnings report as support for a higher valuation on Veeco Instruments, reflected in the lift of the price target to US$40 from US$36.Narrative Update • Mar 04
VECO: AI Datacom Demand And Merger Outlook Will Support Balanced Future
Analysts have raised their price target on Veeco Instruments to $40 from $36, citing refreshed models after the latest earnings update that assume different revenue growth, profit margin, discount rate, and future P/E inputs. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$40 price target as reflecting updated assumptions for revenue growth and profit margins that, in their view, better align the valuation with the latest earnings run rate.Narrative Update • Feb 17
VECO: DRAM Opportunities And Merger Vote Will Shape Balanced Outlook
Analysts have adjusted their price target on Veeco Instruments to $36 from $38, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News Veeco Instruments has scheduled a special or extraordinary shareholders meeting for February 6, 2026, to vote on issuing shares of Axcelis common stock to certain Veeco equityholders under a merger agreement with Axcelis and Victory Merger Sub, Inc.Narrative Update • Feb 03
VECO: DRAM And Power Semiconductor Wins Will Reshape Revenue Mix
Analysts have raised their price target on Veeco Instruments to $38.00, citing updated assumptions that include revised views on discount rate, revenue growth, profit margin, and future P/E levels. What's in the News Veeco scheduled a special or extraordinary shareholders meeting for February 6, 2026, which could bring updates on corporate actions or governance matters.Narrative Update • Jan 20
VECO: AI Memory And Power Device Demand Will Support Balanced Outlook
Analysts have modestly adjusted their price target for Veeco Instruments to US$33.50. This reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E, while keeping their overall valuation framework essentially unchanged.Narrative Update • Jan 06
VECO: Future DRAM And Power Device Wins Will Support Balanced Opportunity
Analysts have increased their price target on Veeco Instruments to US$33.50 from US$32.75, attributing the change mainly to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E inputs. What's in the News Veeco scheduled a special or extraordinary shareholders meeting for February 6, 2026, which may address matters that go beyond routine annual items (Key Developments).Narrative Update • Dec 16
VECO: Axcelis Merger Will Reshape Revenue Mix And Competitive Scale
Analysts have raised their price target on Veeco Instruments to $38 from $30, reflecting increased confidence in the Axcelis merger's ability to accelerate revenue growth, enhance profitability, and improve the company's competitive scale, despite valuation concerns. Analyst Commentary Bullish analysts point to the Axcelis merger as a key driver behind the higher price target for Veeco, arguing that the combined company will benefit from broader product coverage and a larger addressable market that can support sustained revenue acceleration.Narrative Update • Dec 02
VECO: Merger With Axcelis Will Create Greater Scale and Sector Opportunity
Analysts have held Veeco Instruments' price target steady at $32.75, citing valuation concerns and limited confidence in Axcelis' earnings momentum following the planned merger, despite modest improvements in profitability assumptions. Analyst Commentary Recent analyst reports on Veeco Instruments reflect a mix of optimism and caution as the company moves forward with its planned merger with Axcelis.Narrative Update • Nov 18
VECO: Merger With Axcelis Will Deliver Greater Scale and Market Position
Analysts have raised Veeco Instruments’ fair value estimate from $29.40 to $32.75 per share, citing stronger revenue growth expectations and improved profitability projections. This follows recent adjustments and the company’s merger plans.Narrative Update • Nov 03
VECO: Merger With Axcelis Will Bring Execution Risks and Expanded Market Scale
Analysts have maintained their price target for Veeco Instruments at $29.40, highlighting steady valuation and modest changes to growth and profitability estimates as merger developments with Axcelis continue. Analyst Commentary Recent commentary from Wall Street research reflects a balanced mix of optimism and caution regarding Veeco Instruments' prospects, particularly in the context of its ongoing merger with Axcelis.Narrative Update • Oct 20
Macroeconomic Uncertainty Will Compress Semiconductor Industry Margins
Analysts have maintained Veeco Instruments' price target at $30 per share, citing valuation considerations following the company's planned merger with Axcelis. However, they expressed some caution regarding Axcelis' business mix and exposure to Chinese customers.Narrative Update • Oct 05
Macroeconomic Uncertainty Will Compress Semiconductor Industry Margins
Analysts have raised their price target for Veeco Instruments to $29.40 from $27.00. They cite expanded product breadth and increased profitability following the company's merger with Axcelis.Analysis Article • Jul 25
Veeco Instruments (NASDAQ:VECO) Is Doing The Right Things To Multiply Its Share Price
There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...Analysis Article • Jul 05
What Does Veeco Instruments Inc.'s (NASDAQ:VECO) Share Price Indicate?
Veeco Instruments Inc. ( NASDAQ:VECO ), might not be a large cap stock, but it saw a significant share price rise of...Analysis Article • May 27
Investors Don't See Light At End Of Veeco Instruments Inc.'s (NASDAQ:VECO) Tunnel
You may think that with a price-to-sales (or "P/S") ratio of 1.6x Veeco Instruments Inc. ( NASDAQ:VECO ) is a stock...Analysis Article • May 01
We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Veeco Instruments Inc.'s (NASDAQ:VECO) CEO For Now
Key Insights Veeco Instruments' Annual General Meeting to take place on 8th of May Total pay for CEO Bill Miller...Analysis Article • Apr 19
Veeco Instruments (NASDAQ:VECO) Seems To Use Debt Rather Sparingly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Apr 01
Should You Investigate Veeco Instruments Inc. (NASDAQ:VECO) At US$20.08?
Veeco Instruments Inc. ( NASDAQ:VECO ), might not be a large cap stock, but it saw significant share price movement...Analysis Article • Feb 21
We Like These Underlying Return On Capital Trends At Veeco Instruments (NASDAQ:VECO)
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Analysis Article • Jan 16
Veeco Instruments (NASDAQ:VECO) Could Easily Take On More Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Shareholder Returns
| VECO | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | 4.6% | 5.1% | 0.2% |
| 1Y | 176.1% | 69.0% | 19.6% |
Return vs Industry: VECO exceeded the US Semiconductor industry which returned 69% over the past year.
Return vs Market: VECO exceeded the US Market which returned 19.6% over the past year.
Price Volatility
| VECO volatility | |
|---|---|
| VECO Average Weekly Movement | 13.6% |
| Semiconductor Industry Average Movement | 13.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: VECO's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: VECO's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1945 | 1,265 | Bill Miller | www.veeco.com |
Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United States, Europe, the Middle East, and Africa, China, Rest of the Asia-Pacific, and internationally. It offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems. The company’s process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices.
Veeco Instruments Inc. Fundamentals Summary
| VECO fundamental statistics | |
|---|---|
| Market cap | US$3.54b |
| Earnings (TTM) | US$23.12m |
| Revenue (TTM) | US$655.34m |
150.4x
P/E Ratio5.3x
P/S RatioIs VECO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VECO income statement (TTM) | |
|---|---|
| Revenue | US$655.34m |
| Cost of Revenue | US$402.57m |
| Gross Profit | US$252.77m |
| Other Expenses | US$229.65m |
| Earnings | US$23.12m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.38 |
| Gross Margin | 38.57% |
| Net Profit Margin | 3.53% |
| Debt/Equity Ratio | 25.6% |
How did VECO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/15 21:55 |
| End of Day Share Price | 2026/07/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Veeco Instruments Inc. is covered by 25 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Muse | Barclays |
| Thomas O'Malley | Barclays |
| Andrew Gardiner | Barclays |