Veeco Instruments (VECO)
Builds deposition, annealing, etch, and lithography tools for semiconductor fabrication and packaging.
Something off on this page? Send us feedback.
Builds laser-annealing, ion-beam, deposition, wet-processing, and lithography systems for semiconductor fabrication and advanced packaging. Equipment sales are supplemented by parts and service, while demand spans cyclical logic, memory, compound-semiconductor, data-storage, and research markets worldwide.
Builds semiconductor process equipment spanning laser annealing; ion-beam deposition and etch; advanced-packaging lithography; single-wafer wet processing; metal-organic and silicon-carbide chemical vapor deposition; molecular-beam epitaxy; and atomic-layer deposition. These systems serve logic and memory, compound semiconductors, photonics, power electronics, hard-drive heads, and scientific research.
Pairs applications and materials expertise with high-volume systems engineering focused on process control, yield, and cost of ownership. Equipment sales are supplemented by parts, upgrades, and service for chipmakers, foundries, packaging contractors, hard-drive and photonics manufacturers, and research institutions; most sales go to customers in Asia-Pacific.
Operates as one reportable segment in cyclical capital-equipment markets, with concentrated customers, limited-source suppliers, long order cycles, and export controls on some shipments. A shareholder-approved merger with Axcelis remains pending Chinese regulatory approval.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Northland Securities | Target | Target: $30 | Target: $66 |
| Sep 21, 2026 | Northland Capital Markets | Upgrade | ||
| May 19, 2026 | Barclays | Reiterate | Rating: —Target: $30 | Target: $55 |
| Oct 7, 2025 | Northland Securities | Target | Target: — | Target: $30 |
| Oct 6, 2025 | Barclays | Target | Target: $24 | Target: $30 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $429.4M · Total debt $257.0M · Total assets $1.41B · Shareholders' equity $902.8M
- Revenue
- $193.5M
- Operating income
- $11.9M
- Net income
- $11.9M
No dividends on record.
| Institutions | ≈ 111.99% | 68.46M shares | |
|---|---|---|---|
| 336 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.70% | 1.04M shares | |
| 13 holders · as of Aug 19, 2026 | |||
| Adds to | 113.69% | ||
61.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 113.69%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.71% | 9.61M | as of Jun 30, 2026 |
FMR LLCInstitution | 14.82% | 9.06M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.72% | 4.72M | as of Jun 30, 2026 |
OppenheimerFunds, Inc.Institution | 6.61% | 4.04M | filed Jan 14, 2019 |
OppenheimerFunds, Inc. Identification No:Institution | 6.61% | 4.04M | filed Jan 14, 2019 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | William John Miller | director, officer: CEO | −200,000 | $54.18 |
| Aug 10, 2026 | John P. Kiernan | officer: SVP & CHIEF FINANCIAL OFFICER | −35,000 | $51.05 |
| Jun 11, 2026 | Susan Wilkerson | officer: SVP, GLOBAL SALES & SERVICE | −15,506 | $69.56 |
| Jun 9, 2026 | Gordon Hunter | director | −16,974 | $68.80 |
| Jun 9, 2026 | Adrian Devasahayam | officer: SVP - PRODUCT LINE DEVELOPMENT | −10,000 | $65.00 |
- Applied Materials
Materials engineering giant in anneal, ALD, advanced packaging, EUV blanks
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Veeco Instruments | $44.34 | +0.26% | $2.70B | 121.9 | 18.2 | 4.0 | +16.5% |
| Applied Materials | $466.24 | +0.43% | $368.59B | 40.0 | 26.5 | 12.0 | +24.8% |
| Median | 40.0 | 26.5 | 12.0 | +24.8% |