| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 193.48 | 22.2% | 16.5% |
| Total Income | 193.48 | 22.2% | 16.5% |
| Expenditure | 181.63 | 12.8% | 18.1% |
| PBT | 13.02 | 979.7% | 3.2% |
| Net Profit | 11.86 | 3806.3% | 1.1% |
| OPM | 6.13% | 7.81pp | 1.32pp |
| NPM | 6.13% | 6.33pp | 0.94pp |
| EPS | 0.19 | 2000.0% | 5.0% |
Veeco Reports Q2 2026 Financial Results
06 Aug 2026 · 6 Aug, 1:53 am
Summary
Veeco Instruments Inc. announced its financial results for the second quarter ended June 30, 2026, reporting revenue of $193.5 million, up from $166.1 million in the prior year's second quarter. GAAP net income was $11.9 million ($0.18 per diluted share), while Non-GAAP net income was $21.8 million ($0.33 per diluted share). The company provided guidance for the third quarter and revised its full-year 2026 outlook, expecting revenues between $780 million and $810 million. CEO Bill Miller expressed confidence, citing strong quarterly performance, accelerated order momentum driven by AI demand, and increased visibility into 2027.
Key Highlights
- 1
Veeco reported revenue of $193.5 million for the second quarter of 2026, an increase from $166.1 million in the same period last year.
- 2
GAAP net income for Q2 2026 was $11.9 million, or $0.18 per diluted share, compared to $11.7 million, or $0.20 per diluted share, in Q2 2025.
- 3
Non-GAAP net income for Q2 2026 was $21.8 million, or $0.33 per diluted share, compared to $21.5 million, or $0.36 per diluted share, in Q2 2025.
- 4
The company provided guidance for Q3 2026, expecting revenue in the range of $200 million to $220 million.
- 5
Revised guidance for fiscal year 2026 anticipates revenue between $780 million and $810 million.
- 6
Bill Miller, Ph.D., CEO, stated that the company exceeded market expectations and is experiencing accelerated order momentum across major end markets, with strengthening visibility into 2027.
Management Comments
Bill Miller
Veeco delivered strong quarterly results, exceeding market expectations while continuing to build momentum across our business. The rapid expansion of AI is driving increased demand across our broad portfolio of advanced technologies, resulting in robust order activity and deeper customer engagement throughout our markets. Supported by growing visibility into 2027 and the execution of our manufacturing expansion strategy, we remain confident in our long-term growth outlook.
Informational and educational content only. Not investment advice.