Veeco Instruments (NASDAQ:VECO) Updates FY 2026 Earnings Guidance

Veeco Instruments (NASDAQ:VECO) updated its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.360-1.610 for the period, compared to the consensus EPS estimate of 1.520. The company issued revenue guidance of $780.0 million-$810.0 million, compared to the consensus revenue estimate of $770.7 million. Veeco Instruments also updated its Q3 2026 guidance to 0.350-0.490 EPS.

Veeco Instruments Stock Up 2.3%

Shares of Veeco Instruments stock traded up $1.18 during trading on Friday, reaching $52.79. The stock had a trading volume of 998,328 shares, compared to its average volume of 1,251,682. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 146.64 and a beta of 1.38. The stock has a fifty day moving average price of $61.23 and a two-hundred day moving average price of $47.25. Veeco Instruments has a 52 week low of $22.32 and a 52 week high of $86.63. The company has a current ratio of 4.23, a quick ratio of 2.86 and a debt-to-equity ratio of 0.26.

Veeco Instruments (NASDAQ:VECO) last posted its quarterly earnings data on Wednesday, August 5th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. Veeco Instruments had a return on equity of 3.54% and a net margin of 3.40%.The company had revenue of $193.48 million during the quarter, compared to analysts’ expectations of $180.08 million. During the same period in the prior year, the firm earned $0.20 earnings per share. Veeco Instruments’s revenue for the quarter was up 16.5% compared to the same quarter last year. Veeco Instruments has set its FY 2026 guidance at 1.360-1.610 EPS and its Q3 2026 guidance at 0.350-0.490 EPS. Sell-side analysts predict that Veeco Instruments will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VECO. Zacks Research cut shares of Veeco Instruments from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of Veeco Instruments from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 30th. Barclays increased their target price on shares of Veeco Instruments from $30.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Citigroup lifted their price target on shares of Veeco Instruments from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Veeco Instruments to a “hold” rating in a research report on Saturday, June 6th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $48.33.

Insider Activity at Veeco Instruments

In other news, Director Richard A. Damore sold 43,701 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $60.71, for a total value of $2,653,087.71. Following the completion of the sale, the director owned 112,594 shares of the company’s stock, valued at approximately $6,835,581.74. This represents a 27.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William John Miller sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $58.62, for a total transaction of $2,931,000.00. Following the completion of the transaction, the chief executive officer directly owned 369,570 shares of the company’s stock, valued at $21,664,193.40. This represents a 11.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 231,309 shares of company stock worth $14,295,115. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Veeco Instruments

Institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. increased its stake in shares of Veeco Instruments by 5.3% in the 4th quarter. Vise Technologies Inc. now owns 7,503 shares of the semiconductor company’s stock valued at $214,000 after purchasing an additional 377 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Veeco Instruments by 4.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,986 shares of the semiconductor company’s stock worth $314,000 after buying an additional 462 shares during the last quarter. Russell Investments Group Ltd. grew its position in Veeco Instruments by 9.9% in the second quarter. Russell Investments Group Ltd. now owns 6,421 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 580 shares during the last quarter. Amundi grew its position in Veeco Instruments by 6.6% in the third quarter. Amundi now owns 10,616 shares of the semiconductor company’s stock valued at $328,000 after acquiring an additional 657 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Veeco Instruments by 23.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,702 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 703 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Veeco Instruments Company Profile

Veeco Instruments Inc (NASDAQ: VECO) is a leading supplier of process equipment for the semiconductor, data storage, wireless communications, power electronics and advanced packaging industries. The company designs, manufactures and services precision tools used to grow, deposit and etch thin films on substrates, enabling the fabrication of chips, light-emitting diodes (LEDs), micro-electromechanical systems (MEMS) and high-density storage devices. Veeco’s platforms are deployed across fabrication facilities worldwide, where they support key processes in materials science and device manufacturing.

Veeco’s product portfolio spans molecular beam epitaxy (MBE), metal organic chemical vapor deposition (MOCVD), atomic layer deposition (ALD), ion beam etch and deposition, and high-precision wet and dry etch systems.