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Companies / Information Technology / Veeco Instruments Inc.
VECO

Veeco Instruments Inc.

Information TechnologyIndustrial Machinery
Ticker VECOPLAINVIEW, NYFiscal year ends DecemberBook value per share $13.90Diluted shares 64.9M

Veeco Instruments Inc. (Nasdaq: VECO) manufactures semiconductor process equipment used to deposit, etch, anneal, clean and prepare materials in the production of microelectronic devices. Its technologies include ion beam systems, laser annealing, metal organic chemical vapor deposition, advanced packaging… From the company’s description.

In fiscal 2025, Veeco Instruments Inc. reported revenue of $664.29M, down 7.4% from fiscal 2024, and net income of $35.39M. Its operating margin was 5.4%, and operations generated $69.49M in cash. Over the twelve months to Jun 30, 2026, revenue was $682.72M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$664.29MFY2025
−7.4% year over year
Last 12 mo $682.72M
5.38%FY2025
−4 percentage points
Last 12 mo 2.69%
$35.39MFY2025
−52.0% year over year
Last 12 mo $23.24M
4.00%FY2025
−9.5 percentage points
Last 12 mo 2.57%
Cash & financing
$69.49MFY2025
+8.9% year over year
Last 12 mo $99.83M
$53.29MFY2025
+16.6% year over year
Last 12 mo $85.17M
0.26FY2025
Was 0.36× a year earlier
Last 12 mo 0.25
60.6MFY2025
−1.6% year over year
Last 12 mo 64.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Veeco Instruments Inc. does

In the company’s own words

Veeco Instruments Inc. (Nasdaq: VECO) manufactures semiconductor process equipment used to deposit, etch, anneal, clean and prepare materials in the production of microelectronic devices. Its technologies include ion beam systems, laser annealing, metal organic chemical vapor deposition, advanced packaging lithography, wet processing, molecular beam epitaxy and atomic layer deposition. Customers include semiconductor integrated device manufacturers, foundries, outsourced assembly and test companies, hard disk drive and photonics manufacturers, research centers and universities. Veeco serves semiconductor, compound semiconductor, data storage, and scientific and other markets, with equipment used in applications ranging from logic and memory chips, power electronics and RF devices to photonics, magnetic heads and optical coatings. It also sells parts, upgrades, service and support, which accounted for approximately 25% of net sales in 2025. The company reported net sales of $ million for fiscal 2025 and employed 1,265 people across 13 countries at year-end. Veeco agreed to merge with Axcelis Technologies in 2025; the transaction is pending regulatory approvals and other closing conditions. Its website is www.veeco.com.

Company details
Sector
Information Technology
Industry (SIC)
Industrial Machinery
Headquarters
PLAINVIEW, NY
Fiscal year end
December
CIK
103145
SIC
3559

Financial performance, year by year

Fiscal 2013–2025 · USD
$-519.53M$-182.21M$155.11M$492.42M$829.74M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Veeco Instruments Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

316
funds hold it
1 of 35
superinvestors hold it
$2.49B
held by funds, at market
62.6%
of shares held by funds
1
bond issues held by funds

Superinvestors in Veeco Instruments Inc. · what they did last quarter

Polen CapitalINCREASED +301.7%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Veeco Instruments Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.25%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.14%of fund net assets
VIP Mid Cap Portfolio
XFBRX · Variable Insurance Products Fund III
1.14%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Veeco Instruments Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Veeco Instruments Inc.’s debt, $47.29M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.88%, maturing 2029 to 2029.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Veeco Instruments Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Veeco Instruments Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Veeco Instruments Inc.'s last four quarterly filings that the numbers alone won't show?”
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