VECO (Veeco Instruments Inc.) Stock Financials & Earnings | Market Cap Arena

VECO (Veeco Instruments Inc.) Stock Financials & Earnings | Market Cap Arena

VECOVeeco Instruments Inc.

Mkt Cap$2B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Revenue (TTM)$664M

Net Income (TTM)$35M

EPS (TTM)$0.59

Free Cash Flow (TTM)$53M

Gross Margin40.0%

Op. Margin5.4%

Net Margin5.3%

FCF Margin8.0%

P/S Ratio (TTM)2.9x

P/E Ratio (TTM)54.3x

YoY Rev Growth-7.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$154M	$62M	$10M
Q2 23	$162M	$68M	$14M
Q3 23	$177M	$77M	$22M
Q4 23	$174M	$79M	$24M
Q1 24	$174M	$75M	$22M
Q2 24	$176M	$75M	$17M
Q3 24	$185M	$79M	$24M
Q4 24	$182M	$74M	$4M
Q1 25	$167M	$68M	$14M
Q2 25	$166M	$69M	$12M
Q3 25	$166M	$67M	$11M
Q4 25	$165M	$61M	-$1M

Valuation

Quarter	P/S	P/E
Q1 23	3.0x	11.8x
Q2 23	3.0x	28.5x
Q3 23	3.0x	25.0x
Q4 23	2.9x	—
Q1 24	2.8x	—
Q2 24	2.7x	23.2x
Q3 24	2.7x	23.9x
Q4 24	2.7x	26.1x
Q1 25	2.7x	30.1x
Q2 25	2.7x	31.7x
Q3 25	2.8x	39.1x
Q4 25	2.9x	54.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$14M	$7M
Q2 23	$11M	$7M
Q3 23	$7M	$659K
Q4 23	$29M	$19M
Q1 24	$9M	$3M
Q2 24	$8M	$6M
Q3 24	$18M	$14M
Q4 24	$28M	$23M
Q1 25	$20M	$13M
Q2 25	$9M	$5M
Q3 25	$16M	$13M
Q4 25	$25M	$22M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$7M
Q2 23	$4M
Q3 23	$6M
Q4 23	$11M
Q1 24	$6M
Q2 24	$3M
Q3 24	$4M
Q4 24	$5M
Q1 25	$7M
Q2 25	$4M
Q3 25	$3M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-1.9%	+2.7%
Q2 23	-1.4%	-2.1%
Q3 23	+3.2%	+0.5%
Q4 23	+13.1%	+6.6%
Q1 24	+13.7%	+6.1%
Q2 24	+8.8%	+7.6%
Q3 24	+4.2%	+3.5%
Q4 24	+4.7%	+19.0%
Q1 25	-4.1%	+0.5%
Q2 25	-5.6%	-3.4%
Q3 25	-10.2%	-3.3%
Q4 25	-9.4%	-6.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	4.6%
Q2 23	$8M	4.9%
Q3 23	$7M	4.2%
Q4 23	$6M	3.6%
Q1 24	$8M	4.6%
Q2 24	$9M	5.2%
Q3 24	$9M	5.1%
Q4 24	$9M	5.0%
Q1 25	$9M	5.5%
Q2 25	$10M	5.8%
Q3 25	$9M	5.5%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$28M	$23M
Q2 23	$27M	$24M
Q3 23	$29M	$23M
Q4 23	$29M	$23M
Q1 24	$30M	$25M
Q2 24	$32M	$25M
Q3 24	$32M	$25M
Q4 24	$31M	$25M
Q1 25	$29M	$25M
Q2 25	$32M	$24M
Q3 25	$29M	$27M
Q4 25	$31M	$23M

Revenue Segments

Quarter	Compound Semiconductor	Data Storage	Scientific And Other	Semiconductor
Q1 23	$21M	$22M	$18M	$93M
Q2 23	$24M	$14M	$17M	$106M
Q3 23	$26M	$34M	$20M	$98M
Q4 23	$16M	$19M	$23M	$115M
Q1 24	$21M	$18M	$15M	$120M
Q2 24	$18M	$34M	$14M	$110M
Q3 24	$16M	$33M	$12M	$124M
Q4 24	$23M	$14M	$33M	$112M
Q1 25	$14M	$7M	$22M	$124M
Q2 25	$14M	$12M	$16M	$124M

Revenue by Geography

Quarter	China	Emea	Rest Of World	Rest of APAC	United States	Asia Pacific Excluding China
Q1 23	$61M	$23M	$54K	$39M	$31M	—
Q2 23	$50M	$18M	$85K	$58M	$36M	—
Q3 23	$41M	$26M	$109K	—	$58M	$52M
Q1 24	$64M	$8M	$600K	—	$28M	$73M
Q2 24	$65M	$24M	$22K	—	$43M	$44M
Q3 24	$55M	$10M	$143K	—	$59M	$61M
Q4 24	$71M	$20M	$32K	—	$35M	$56M
Q1 25	$71M	$12M	$25K	—	$24M	$60M
Q2 25	$27M	$19M	$43K	—	$22M	$98M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$141M	$112M	$253M
Q2 23	$181M	$106M	$286M
Q3 23	$156M	$130M	$287M
Q4 23	$159M	$147M	$305M
Q1 24	$174M	$123M	$297M
Q2 24	$174M	$131M	$305M
Q3 24	$163M	$158M	$321M
Q4 24	$146M	$199M	$344M
Q1 25	$175M	$178M	$353M
Q2 25	$189M	$166M	$355M
Q3 25	$193M	$176M	$369M
Q4 25	$163M	$227M	$390M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	60M	-8.9%
Q2 23	53M	-11.7%
Q3 23	60M	+12.8%
Q4 23	60M	+0.3%
Q1 24	61M	+1.6%
Q2 24	63M	+2.9%
Q3 24	63M	+0.2%
Q4 24	60M	-3.4%
Q1 25	60M	-0.4%
Q2 25	60M	+0.0%
Q3 25	61M	+1.2%
Q4 25	61M	-0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$491K	800
FY 15	$609K	783
FY 16	$464K	716
FY 17	$478K	1K
FY 18	$520K	1K
FY 19	$440K	954
FY 20	$457K	993
FY 21	$535K	1K
FY 22	$529K	1K
FY 23	$549K	1K
FY 24	$583K	1K
FY 25	$525K	1K