| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 158.34 | 5.3% |
| Total Income | 158.34 | 5.3% |
| Expenditure | 161.00 | 5.1% |
| PBT | -1.48 | 109.9% |
| Net Profit | -0.32 | 102.7% |
| OPM | -1.68% | 10.14pp |
| NPM | -0.20% | 7.35pp |
| EPS | -0.01 | 104.8% |
Veeco Reports Q1 2026 Revenue of $158.3 Million
06 May 2026 · 6 May, 1:52 am
Summary
Veeco Instruments Inc. announced its financial results for the first quarter ended March 31, 2026. The company reported revenue of $158.3 million, a decrease from $167.3 million in the same period last year. GAAP net loss was $(0.3) million, while non-GAAP net income was $8.9 million. Looking ahead, Veeco expects Q2 2026 revenue to be between $170 million and $190 million and has reiterated its full-year revenue guidance of $740 million to $800 million. Bill Miller, Ph.D., Veeco’s Chief Executive Officer, noted the industry's transformational period driven by AI data centers and high-performance computing, driving significant order activity.
Key Highlights
- 1
Veeco reported revenue of $158.3 million for Q1 2026, compared to $167.3 million in the same period last year.
- 2
GAAP net loss was $(0.3) million, or $(0.01) loss per diluted share, compared to net income of $11.9 million, or $0.20 earnings per diluted share in Q1 2025.
- 3
Non-GAAP net income was $8.9 million, or $0.14 per diluted share, compared to $22.2 million, or $0.37 per diluted share in the same period last year.
- 4
The company expects Q2 2026 revenue to be in the range of $170 million to $190 million.
- 5
GAAP diluted earnings per share are expected in the range of $0.02 to $0.15 for Q2 2026.
- 6
Non-GAAP diluted earnings per share are expected in the range of $0.20 to $0.32 for Q2 2026.
- 7
Veeco reiterates its FY 2026 revenue guidance of $740 million to $800 million.
Management Comments
Bill Miller
Ph.D.
Veeco executed well in the first quarter as the industry enters a transformational period driven by rapid expansion of AI data centers and high-performance computing. This inflection is driving significant order activity across our portfolio, with particularly strong momentum in silicon photonics as customers scale optical connectivity and power-efficient technologies. Veeco’s differentiated process equipment is increasingly critical to this landscape, positioning us well for sustained, multi-year revenue growth.
Informational and educational content only. Not investment advice.