Veeco Reports Third Quarter 2026 Financial Results
Veeco reported Q3 2026 revenue of $209.4 million, up from $165.9 million a year earlier, with GAAP net income of $13.6 million ($0.21 diluted EPS) versus $10.6 million ($0.17) last year. Non-GAAP net income was $24.1 million ($0.36 per diluted share, flat YoY), with Q4 guidance of $230-260 million in revenue and $0.50-$0.70 non-GAAP EPS, and FY26 guidance of $790-820 million. CEO Bill Miller cited accelerating AI infrastructure investment driving order activity and said Veeco expects to exceed $1 billion in revenue for full-year 2027. The release also notes the pending merger with Axcelis, including China regulatory approval risk, and shipments currently held by U.S.
Key figures
- Eps
- 0.21
- Revenue
- 209400000
- Guidance
- Q4 2026 revenue $230M-$260M, GAAP EPS $0.34-$0.53, non-GAAP EPS $0.50-$0.70; FY26 revenue $790M-$820M, GAAP EPS $0.72-$0.92, non-GAAP EPS $1.32-$1.52
- Revenue Yoy
- 26.2%
- Gross margin
- 38.4%
- Non gaap eps
- 0.36
- Gaap net income
- 13635000
- Non gaap net income
- 24103000
- Fy2027 revenue target
- $1 billion
- Non gaap gross margin
- 39.1%
- Non gaap operating income
- 25184000
AI analysis
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