VEECO INSTRUMENTS INC

Listed Company

VECOCIK 0000103145NasdaqLarge AcceleratedSpecial Industry Machinery, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$35.39M

Total Assets

$1.33B

Equity

$885.51M

Shares Out

61.03M

Op. Cash Flow

$69.49M

VECO$57.45+171.25% · past yearDBEQ Basic

Daily closing prices

Business

Veeco Instruments manufactures advanced semiconductor process equipment including ion beam, laser annealing, MOCVD, CVD, advanced packaging lithography, wet processing, MBE, and ALD systems that enable fabrication of logic, memory, photonics, RF, and data-storage devices. The company serves four end markets: Semiconductor, Compound Semiconductor, Data Storage, and Scientific & Other, with products sold globally through sales and service operations in Asia-Pacific, Europe, and North America. Veeco generates a meaningful portion of revenue from aftermarket parts, upgrades, and service contracts, with the remainder from system sales.

Summary from 10-K filed 2026-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	664	717	666	646	583
Cost of sales	399	413	381	383	341
Gross profit	265	304	285	263	242
Research and development	120	125	113	104	89
Selling, general, and administrative	99	100	93	89	85
Amortization of intangible assets	3	7	8	10	12
Merger costs	9	—	—	—	—
Asset impairment	—	28	—	—	—
Other operating expense (income), net	−889,000	−22	1	317,000	68,000
Total operating expenses, net	230	237	215	203	186
Operating income	36	67	70	60	57
Interest income	13	13	11	2	2
Interest expense	−9	−11	−12	−12	—
Other income (expense), net	−653,000	—	−97	—	−5
Income (loss) before income taxes	39	69	−28	51	26
Income tax expense (benefit)	4	−5	2	−116	−358,000
Net income (loss)	35	74	−30	167	26
Basic (in dollars per share)	0.6	1.31	−0.56	3.35	0.53
Diluted (in dollars per share)	0.59	1.23	−0.56	2.71	0.49
Basic (in shares)	59	56	54	50	49
Diluted (in shares)	61	62	54	66	54

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	163	146	159	155	120
Restricted cash	—	224,000	339,000	547,000	725,000
Short-term investments	227	199	147	147	104
Accounts receivable, net	111	97	103	124	110
Contract assets	35	37	24	17	18
Inventories	275	247	238	207	171
Prepaid expenses and other current assets	34	39	35	18	26
Total current assets	845	765	706	669	549
Property, plant, and equipment, net	109	114	118	107	100
Operating lease right-of-use assets	25	27	24	26	29
Intangible assets, net	6	9	44	24	34
Goodwill	215	215	215	182	182
Deferred income taxes	123	120	118	116	2
Other assets	4	3	3	3	4
Total assets	1,326	1,252	1,229	1,128	899
Accounts payable	55	44	42	52	44
Accrued expenses and other current liabilities	46	55	58	56	80
Contract liabilities	74	65	118	127	—
Income taxes payable	3	2	—	2	2
Current portion of long-term debt	—	26	—	20	—
Total current liabilities	178	192	218	258	189
Deferred income taxes	532,000	689,000	7	1	5
Long-term debt	226	250	275	254	229
Long-term operating lease liabilities	32	34	32	34	33
Other liabilities	4	4	26	3	5
Total liabilities	440	481	557	550	461
Preferred stock, $0.01 par value; 500,000 shares authorized; no shares issued and outstanding.	—	—	—	—	—
Common stock, $0.01 par value; 120,000,000 shares authorized; 60,388,539 shares issued and outstanding at December 31, 2025 and 56,827,915 shares issued and outstanding at December 31, 2024	604,000	569,000	564,000	517,000	507,000
Additional paid-in capital	1,306	1,227	1,202	1,078	1,117
Accumulated deficit	−423	−458	−532	−502	−681
Accumulated other comprehensive income	2	2	2	928,000	1
Total stockholders' equity	886	771	672	578	438
Total liabilities and stockholders' equity	1,326	1,252	1,229	1,128	899

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	35	74	−30	167	26
Depreciation and amortization	20	25	25	26	26
Non-cash interest expense	1	1	1	962,000	14
Deferred income taxes	−3	−9	−2	−118	−651,000
Share-based compensation expense	37	36	29	23	15
Loss on extinguishment of debt	—	—	97	—	4
Impairment of equity investments	—	404,000	—	—	—
Provision for bad debts	—	—	316,000	—	—
Changes in contingent consideration	−925,000	−21	701,000	—	—
Accounts receivable and contract assets	−12	−7	13	−13	−27
Inventories	−29	−8	−35	−37	−25
Prepaid expenses and other current assets	3	−5	−16	8	8
Accounts payable and accrued expenses	4	−338,000	−9	−13	20
Contract liabilities	9	−53	−10	64	−4
Income taxes receivable and payable, net	5	6	−525,000	557,000	947,000
Other, net	−1	−4	−2	897,000	9
Net cash provided by (used in) operating activities	69	64	62	108	68
Capital expenditures	−16	−18	−28	−25	−41
Acquisition of businesses, net of cash acquired	—	—	−30	—	—
Proceeds from the sale of investments	198	154	183	60	331
Payments for purchases of investments	−224	−203	−178	−104	−247
Proceeds from sale of productive assets	—	2	—	—	—
Net cash provided by (used in) investing activities	−41	−65	−53	−69	45
Restricted stock tax withholdings	−9	−16	−11	−8	−9
Repayment and extinguishment of convertible debt	−5	—	−219	—	−116
Debt issuance costs	−885,000	—	—	—	−835,000
Contingent consideration payments	—	−2	−3	—	—
Proceeds (net of tax withholdings) from option exercises and employee stock purchase plan	5	5	5	4	3
Proceeds from issuance of 2029 Notes, net of issuance costs	—	—	223	—	—
Net cash provided by (used in) financing activities	−10	−13	−5	−5	−122
Effect of exchange rate changes on cash and cash equivalents	101,000	10,000	−16,000	−53,000	−52,000
Net increase (decrease) in cash, cash equivalents, and restricted cash	18	−13	4	35	−10
Interest paid	8	10	12	10	13
Income taxes paid, net of refunds received	87,000	3	5	1	−139,000
Capital expenditures included in accounts payable and accrued expenses	2	4	4	2	9
Net transfer of inventory to property, plant and equipment	—	—	4	1	−63,000
Right-of-use assets obtained in exchange for lease obligations	944,000	5	630,000	3	24

Filings

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Frequently asked questions

What is VEECO INSTRUMENTS INC's CIK number?

VEECO INSTRUMENTS INC's SEC CIK number is 0000103145 (103145). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find VEECO INSTRUMENTS INC's SEC filings?

All of VEECO INSTRUMENTS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did VEECO INSTRUMENTS INC last report earnings?

VEECO INSTRUMENTS INC (VECO) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-055640). This is VEECO INSTRUMENTS INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is VEECO INSTRUMENTS INC's most recent earnings 8-K?

VEECO INSTRUMENTS INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001104659-26-055640. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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