Veeco Instruments (VECO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Veeco Instruments published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Veeco Instruments reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Veeco agreed on September 30, 2025 to merge with Axcelis Technologies, with Veeco becoming a wholly-owned subsidiary of Axcelis. Stockholders of both companies approved it on February 6, 2026; the remaining condition is approval from China's State Administration for Market Regulation, and the merger is expected to close by the end of the first quarter of 2027.
• Veeco has one operating segment; the rows above are its sales by end-market. It reports in thousands; figures here are in millions.

Source: Veeco Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Veeco Instruments splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Veeco Instruments's Semiconductor revenue was $135 million in Q3 2026, up 14% from $118 million in Q3 2025, 65% of total revenue.
• Veeco Instruments's Compound Semiconductor revenue was $40.2 million in Q3 2026, up 268% from $10.9 million in Q3 2025, 19% of total revenue.
• Veeco Instruments's Data Storage revenue was $20.0 million in Q3 2026, up 101% from $10.0 million in Q3 2025, 10% of total revenue.
• Veeco Instruments's Scientific & Other revenue was $13.9 million in Q3 2026, down 48% from $26.7 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first three lines are Veeco's guidance for Q4 2026; the last is its revised revenue guidance for fiscal year 2026.

In its Q3 2026 release, Veeco Instruments said:

“Revenue is expected in the range of $230 million to $260 million”

“GAAP diluted earnings per share are expected in the range of $0.34 to $0.53”

“Non-GAAP diluted earnings per share are expected in the range of $0.50 to $0.70”

“Revenue is expected in the range of $790 million to $820 million”

Source: Veeco Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VECO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted earnings (loss) per share, each as first reported in that quarter's release.

We do not hold a confirmed date for Veeco Instruments's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Veeco Instruments' revenue rose to $209.4 million in Q3 2026 from $165.9 million a year earlier, an increase of 26%. Semiconductor was $135.3 million, Compound Semiconductor $40.2 million, Data Storage $20.0 million and Scientific & Other $13.9 million. (Veeco Q3 2026 release, Nov 4, 2026; Veeco Form 10-Q, Q3 2026, Nov 4, 2026)

Semiconductor revenue, 65% of the total, rose 14% on sales to leading-edge foundry/logic and memory customers, mainly shipments of Laser Spike Annealing systems and advanced packaging wet processing tools. Veeco says its LSA platform is the production tool of record at all three Tier 1 logic customers. (Veeco Form 10-Q, Q3 2026, Nov 4, 2026)

Compound Semiconductor revenue rose 268% to 19% of the total, which Veeco ties to AI data center demand for higher-speed optical connectivity, including silicon photonics and indium phosphide lasers. Data Storage rose 101% on ion beam and wet process systems, and Veeco expects that market's full-year 2026 revenue to roughly double. Scientific & Other fell 48%. (Veeco Form 10-Q, Q3 2026, Nov 4, 2026)

Sales to customers in China fell to $24.6 million from $45.7 million, while the United States rose to $65.0 million from $26.5 million and the rest of Asia-Pacific was $95.1 million. Revenue also excludes about $8 million for a laser annealing system shipped to a customer in China that was detained pending review by U.S. Customs and Border Protection and the Bureau of Industry and Security; Veeco has not sought payment while the tool is held. (Veeco Form 10-Q, Q3 2026, Nov 4, 2026)

Veeco Instruments' GAAP diluted EPS was $0.21 in Q3 2026, up from $0.17, on net income of $13.6 million. Non-GAAP diluted EPS was flat at $0.36 on non-GAAP net income of $24.1 million, against $21.8 million. (Veeco Q3 2026 release, Nov 4, 2026)

Non-GAAP results exclude share-based compensation ($8.4 million), amortization of intangible assets ($0.4 million), merger related expenses for the Axcelis transaction ($2.3 million) and non-cash interest expense, net of a $0.9 million tax adjustment. Diluted weighted average shares rose to 66,154 thousand from 60,950 thousand, partly because 3,289 thousand shares from the 2029 convertible senior notes were dilutive this quarter. (Veeco Q3 2026 release, Nov 4, 2026)

GAAP gross margin fell to 38.4% from 40.8%, which the 10-Q puts down to unfavorable product mix and higher spending on logistics, capacity and supply chain. Cost of sales included about $2.8 million of tariff refunds. The effective tax rate was 14.16%, against 10.77% a year earlier. (Veeco Q3 2026 release, Nov 4, 2026; Veeco Form 10-Q, Q3 2026, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Veeco Instruments gives quarterly and full-year ranges in its release. For Q4 2026 it expects revenue of $230 million to $260 million, GAAP diluted EPS of $0.34 to $0.53 and non-GAAP diluted EPS of $0.50 to $0.70. It revised fiscal 2026 guidance to revenue of $790 million to $820 million, GAAP diluted EPS of $0.72 to $0.92 and non-GAAP diluted EPS of $1.32 to $1.52. (Veeco Q3 2026 release, Nov 4, 2026)

Its chief executive said Veeco is positioned to exceed one billion dollars in revenue for full year 2027, citing AI infrastructure investment across leading-edge logic and memory, advanced packaging and optical connectivity. (Veeco Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Veeco Instruments, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Veeco Instruments's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VECO is on is VECO a buy or a sell?, what analysts expect next is on the VECO forecast, and what the company does is on the Veeco Instruments (VECO) stock page.

Every number on this page can be traced to a document Veeco Instruments published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.