Every 10-Q that Veeco Instruments Inc (VECO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow VECO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VECO filings page.
Veeco Instruments Inc. reported Q2 2026 net sales of $193.5 million, up 16% from $166.1 million, driven by all end‑markets, notably Data Storage (up 80%) and Compound Semiconductor (up 45%). Net income was $11.9 million versus $11.7 million a year earlier, with diluted EPS of $0.18. Gross margin slipped to 39% from 41% on less favorable product mix and higher logistics and other costs.
For the first half of 2026, net sales were $351.8 million compared with $333.4 million, while net income was $11.5 million as operating expenses rose, including $3.5 million of merger costs. Cash and cash equivalents were $214.5 million and short‑term investments $214.9 million at June 30, 2026; long‑term debt consisted mainly of $230.0 million principal of 2.875% convertible notes due 2029, with no borrowings under the $250 million revolving credit facility.
The company continues to emphasize AI‑related semiconductor, compound semiconductor, and data‑storage opportunities and has $376.5 million of remaining performance obligations on longer‑duration contracts. A stock‑for‑stock merger with Axcelis Technologies remains pending, under which each Veeco share will convert into 0.3575 Axcelis shares upon closing, expected in the second half of 2026 subject to remaining regulatory approval in China.
Veeco Instruments reported first-quarter 2026 net sales of $158.3 million, down 5% from a year earlier, and a small net loss of $0.3 million versus prior net income of $11.9 million. Gross margin narrowed as mix and logistics costs weighed on profitability.
Semiconductor revenue was $109.0 million, or 69% of total, down 12%, driven by a 72% drop in China sales to $20.0 million, partly offset by 51% growth in Rest of APAC to $90.4 million. Compound Semiconductor and Data Storage grew 31% and 52%, respectively, helped by AI and data-center demand.
Veeco ended the quarter with $383.3 million in cash and short-term investments, $230.0 million principal of 2.875% convertible notes due 2029, and an undrawn $250 million revolving credit facility. The all-stock merger with Axcelis Technologies has been approved by both sets of shareholders and awaits final Chinese regulatory approval, with closing expected in the second half of 2026.
Veeco Instruments (VECO) reported softer Q3 results and outlined a pending all‑stock merger with Axcelis. Q3 net sales were $165.9 million versus $184.8 million a year ago, with operating income of $10.6 million and net income of $10.6 million (diluted EPS $0.17 vs. $0.36). For the first nine months, sales were $499.3 million versus $535.2 million.
Semiconductor end‑market sales were $118.3 million in Q3. Cash and cash equivalents were $193.2 million, with short‑term investments of $176.1 million. Long‑term debt was $225.7 million, primarily the 2.875% 2029 convertible notes; earlier 2025 and 2027 notes were settled this year through share issuances and a small cash component. Operating cash flow for the nine months was $44.6 million.
On September 30, 2025, Veeco entered a merger agreement with Axcelis. Each Veeco share will convert into 0.3575 Axcelis shares at closing, subject to stockholder and regulatory approvals. Post‑deal ownership is expected to be about 58.4% Axcelis holders and 41.6% Veeco holders. Veeco recorded $2.6 million in merger‑related costs in Q3.