Veeco Instruments Q2 revenue beats estimates on AI-driven demand

Veeco Instruments

05/08/2026 21:12

Overview
Semiconductor equipment maker's Q2 revenue rose yr/yr, beating analyst expectations
Adjusted net income for Q2 beat analyst expectations
Company says AI-driven demand boosted order activity and customer engagement

Outlook
Veeco expects Q3 2026 revenue between $200 mln and $220 mln
Company sees Q3 2026 non-GAAP diluted EPS between $0.35 and $0.49
Veeco expects FY 2026 revenue between $780 mln and $810 mln

Result Drivers
AI DEMAND - Co said rapid expansion of AI drove increased demand for its advanced technologies, resulting in robust order activity and deeper customer engagement

Company press release: ID:nGNX104QXS

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$193.50 mln
$180.11 mln (4 Analysts)
Q2 EPS
 
$0.18
 
Q2 Adjusted Net Income
Beat
$21.80 mln
$16.34 mln (4 Analysts)
Q2 Net Income
 
$11.90 mln
 

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 $57.50, about 6.9% above its August 4 closing price of $53.80
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 27 three months ago

Reuters Recommended Reads
Aug 3 - Ultra Clean Q2 revenue beats estimates on higher customer demand
Aug 4 - Lattice Semiconductor Q2 profit beats estimates on AI-related server demand
Aug 5 - GlobalFoundries tops second quarter estimates on AI chip demand

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.)