Veeco Instruments Q1 revenue falls and misses estimates

Veeco Instruments

05/05/2026 21:13

Overview

U.S. semiconductor equipment maker's Q1 revenue declined and missed analyst expectations

Adjusted EPS for Q1 missed analyst expectations

Company cited strong order momentum in silicon photonics amid AI and high-performance computing demand

Outlook

Veeco expects Q2 2026 revenue between $170 mln and $190 mln

Company sees Q2 2026 GAAP EPS between $0.02 and $0.15, non-GAAP EPS $0.20 to $0.32

Veeco maintains FY 2026 revenue guidance of $740 mln to $800 mln

Result Drivers

SILICON PHOTONICS MOMENTUM - Co said order activity was strong in silicon photonics as customers scale optical connectivity and power-efficient technologies

Company press release: ID:nGNX7hg5Vm

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$158.30 mln
$162.67 mln (5 Analysts)
Q1 Adjusted EPS
Miss
$0.14
$0.23 (5 Analysts)
Q1 EPS
-$0.01
Q1 Adjusted Net Income
Miss
$8.90 mln
$11.96 mln (4 Analysts)
Q1 Net Income
-$300,000


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 41.1% below its May 4 closing price of $50.93

The stock recently traded at 29 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.)