VEECO INSTRUMENTS INC (VECO) Form 10-Q — Nov 4, 2026
Veeco's Q3 2026 revenue rose 26% year-over-year to $209.4 million with net income of $13.6 million and diluted EPS of $0.21 versus $0.17 a year ago, driven by Compound Semiconductor (+268%) and Data Storage (+101%) demand tied to AI infrastructure. Clouding the quarter, roughly $8 million of revenue was withheld on a laser annealing system shipped to a China customer that was detained by U.S. Customs and Border Protection pending export review; Veeco has not sought payment while the shipment is held.
Key figures
- Eps
- 0.21
- Revenue
- 209384000
- Net Income
- 13635000
- Total Debt
- 226835000
- Revenue Yoy
- 26%
- Total Assets
- 1505660000
- Cash Position
- 205321000
- Shares Outstanding
- 61140157
- Q3 2025 revenue
- 165881000
- Tariff refunds q3
- 2800000
- Diluted eps q3 2025
- 0.17
- Gross margin change
- declined from 41% to 38%
- Merger exchange ratio
- 0.3575 Axcelis shares per Veeco share
- Termination fee veeco
- 77500000
- Nine month revenue yoy
- 12%
- Short term investments
- 277184000
- Nine month revenue 2026
- 561206000
- Termination fee axcelis
- 108700000
- Revolving credit facility
- 250000000
- Nine month net income 2026
- 25168000
- Data storage revenue growth
- 101%
- Convertible notes outstanding
- 230000000
- Operating cash flow nine months
- 117292000
- Detained shipment revenue withheld
- 8000000
- Compound semiconductor revenue growth
- 268%
AI analysis
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