VEECO INSTRUMENTS INCVECOEarnings & Financial Report
Veeco Instruments Inc. is a global capital equipment supplier, headquartered in the U.S., that designs and builds processing systems used in semiconductor and compound semiconductor manufacturing, data storage and scientific markets for applications such as advanced packaging, photonics, power electronics and display technologies.
Revenue
$167.3M
Gross Profit
$68.5M
Operating Profit
$14.1M
Net Profit
$11.9M
Gross Margin
40.9%
Operating Margin
8.5%
Net Margin
7.1%
YoY Growth
-4.1%
EPS
$0.20
Financial Flow
VEECO INSTRUMENTS INC Q1 2025 Financial Summary
VEECO INSTRUMENTS INC reported revenue of $167.3M (down 4.1% YoY) for Q1 2025, with a net profit of $11.9M (down 45.3% YoY) (7.1% margin). Cost of goods sold was $98.8M, operating expenses totaled $54.3M.
Key Financial Metrics
| Total Revenue | $167.3M |
|---|---|
| Net Profit | $11.9M |
| Gross Margin | 40.9% |
| Operating Margin | 8.5% |
| Report Period | Q1 2025 |
Revenue Breakdown
VEECO INSTRUMENTS INC Q1 2025 revenue of $167.3M breaks down across 4 segments, led by Other at $86.2M (51.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $86.2M | 51.5% |
| Asia Pacific Excluding China | $60.0M | 35.9% |
| Compound Semiconductor | $14.4M | 8.6% |
| Data Storage | $6.7M | 4.0% |
VEECO INSTRUMENTS INC Revenue by Segment — Quarterly Trend
VEECO INSTRUMENTS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Asia Pacific Excluding China) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Other | $44.8M | $10.0M | $39.9M | $86.2M |
| Asia Pacific Excluding China | $89.9M | — | $98.2M | $60.0M |
| Compound Semiconductor | $20.1M | $10.9M | — | $14.4M |
| Data Storage | $10.2M | — | $12.4M | $6.7M |
VEECO INSTRUMENTS INC Annual Revenue by Year
VEECO INSTRUMENTS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $664.3M).
| Year | Annual Revenue |
|---|---|
| 2025 | $664.3M |
| 2024 | $717.3M |
| 2023 | $666.4M |
| 2022 | $646.1M |
VEECO INSTRUMENTS INC Quarterly Revenue & Net Profit History
VEECO INSTRUMENTS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $165.0M | -9.4% | $1.1M | 0.7% |
| Q3 2025 | $165.9M | -10.2% | $10.6M | 6.4% |
| Q2 2025 | $166.1M | -5.6% | $11.7M | 7.1% |
| Q1 2025 | $167.3M | -4.1% | $11.9M | 7.1% |
| Q4 2024 | $182.1M | +4.7% | $15.0M | 8.2% |
| Q3 2024 | $184.8M | +4.2% | $22.0M | 11.9% |
| Q2 2024 | $175.9M | +8.8% | $14.9M | 8.5% |
| Q1 2024 | $174.5M | +13.7% | $21.9M | 12.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $174.5M | $175.9M | $184.8M | $182.1M | $167.3M | $166.1M | $165.9M | $165.0M |
| YoY Growth | 13.7% | 8.8% | 4.2% | 4.7% | -4.1% | -5.6% | -10.2% | -9.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.23B | $1.24B | $1.27B | $1.25B | $1.28B | $1.27B | $1.29B | $1.33B |
| Liabilities | $545.8M | $520.1M | $526.4M | $480.8M | $467.0M | $418.5M | $413.9M | $440.3M |
| Equity | $687.9M | $715.0M | $746.5M | $770.8M | $811.9M | $856.2M | $876.0M | $885.5M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $9.4M | $8.5M | $17.6M | $28.4M | $20.0M | $9.0M | $15.5M | $24.9M |