Semiconductor tools maker Veeco slightly misses Q4 revenue expectations

Veeco Instruments

25/02/2026 21:14

Overview

Semiconductor equipment maker's Q4 revenue slightly missed analyst expectations

Non-GAAP net income for Q4 missed analyst estimates

Company anticipates growth from AI and high-performance computing, plans Axcelis merger

Outlook

Veeco expects Q1 2026 revenue between $150 mln and $170 mln

Company forecasts FY 2026 revenue between $740 mln and $800 mln

Veeco anticipates FY 2026 GAAP EPS between $0.83 and $1.17

Result Drivers

BOOKINGS GROWTH - Veeco noted increased bookings in semiconductor and data storage markets, positioning for future growth

MERGER PLANS - Planned merger with Axcelis expected to enhance growth and strategic value

Company press release: ID:nGNX4HZ4vQ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$165 mln
$165.10 mln (4 Analysts)
Q4 EPS
$0.02
Q4 Adjusted Net Income
Miss
$14.7 mln
$14.93 mln (4 Analysts)
Q4 Net Income
$1.1 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

Wall Street's median 12-month price target for Veeco Instruments Inc is $30.00, about 2.2% above its February 24 closing price of $29.36

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)