Earnings Releases·Nov 4, 2026, 4:15 PM ET

Veeco Instruments Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenue reached $209.4 million, a 26% increase year-over-year from $165.9 million in Q3 2025, while GAAP net income rose to $13.6 million ($0.21/share) from $10.6 million ($0.17/share) in the prior year period.
Management provided full-year 2026 revenue guidance of $790–$820 million and Non-GAAP EPS guidance of $1.32–$1.52, with a strategic target to exceed $1 billion in revenue for full-year 2027 driven by AI infrastructure demand.
Balance sheet strength improved with cash and cash equivalents increasing to $205.3 million and contract liabilities surging to $132.4 million from $74.2 million as of December 31, 2025.
The company highlighted a pending merger with Axcelis, noting regulatory approval risks in China, while citing unprecedented customer engagement and order activity across its differentiated technology portfolio.