Veeco 公布 2026 年二季度业绩：营收和当季 EPS 超预期，但全年 EPS 指引下修

Veeco Instruments Inc. - Veeco Reports Second Quarter 2026 Financial Results
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Veeco Reports Second Quarter 2026 Financial Results
August 5, 2026
Second Quarter 2026 Highlights:
Revenue of $193.5 million, compared with $166.1 million in the same period last year
GAAP net income of $11.9 million, or $0.18 per diluted share, compared with $11.7 million, or $0.20 earnings per diluted share in the same period last year
Non-GAAP net income of $21.8 million, or $0.33 per diluted share, compared with $21.5 million, or $0.36 per diluted share in the same period last year
PLAINVIEW, N.Y., Aug. 05, 2026 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its second quarter ended June 30, 2026. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.
U.S. Dollars in millions, except per share data
GAAP Results
Q2 '26
Q2 '25
Revenue
$
193.5
166.1
Net income
11.9
11.7
Diluted earnings per share
0.18
0.20
Non-GAAP Results
Operating income
23.1
21.8
21.5
0.33
0.36
“Veeco delivered strong quarterly results, exceeding market expectations while continuing to build momentum across our business,” said Bill Miller, Ph.D., Veeco’s Chief Executive Officer. “The rapid expansion of AI is driving increased demand across our broad portfolio of advanced technologies, resulting in robust order activity and deeper customer engagement throughout our markets. Supported by growing visibility into 2027 and the execution of our manufacturing expansion strategy, we remain confident in our long-term growth outlook.”
Guidance and Outlook
The following guidance is provided for Veeco’s third quarter 2026:
Revenue is expected in the range of $200 million to $220 million
GAAP diluted earnings per share are expected in the range of $0.20 to $0.34
Non-GAAP diluted earnings per share are expected in the range of $0.35 to $0.49
The following revised guidance is provided for Veeco’s fiscal year 2026:
Revenue is expected in the range of $780 million to $810 million
GAAP diluted earnings per share are expected in the range of $0.78 to $1.02
Non-GAAP diluted earnings per share are expected in the range of $1.36 to $1.61
Conference Call Information
A conference call reviewing these results has been scheduled for today, August 5, 2026 starting at 5:00pm ET. To join the call, dial 1-877-407-8029 (toll-free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at
ir.veeco.com
. A replay of the webcast will be made available on the Veeco website that evening.
We will post an accompanying slide presentation to our website prior to the beginning of the call.
About Veeco
Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit
www.veeco.com
.
No Offer or Solicitation
This communication is not intended to and shall not constitute an offer to purchase or the solicitation of an offer to buy or sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward-looking Statements
This press release contains “forward-looking statements”, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended, that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, those regarding anticipated growth and trends in our businesses and markets, including trends related to artificial intelligence and high-performance computing, industry outlooks and demand drivers, statements regarding the pending merger with Axcelis, the timing of shipments, deliveries and revenue recognition, statements regarding shipments currently being held by U.S. Customs, our investment and growth strategies, our development of new products and technologies, our business outlook for current and future periods, our ongoing transformation initiative and the effects thereof on our operations and financial results, the timing, completion and expected benefits of the proposed transaction and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: the level of demand for our products; global economic and industry conditions; global trade issues, including the effects of foreign and domestic tariffs and the ongoing trade disputes between the U.S. and China, and changes in trade and export license policies; our dependency on third-party suppliers and outsourcing partners; the timing of customer orders; our ability to develop, deliver and support new products and technologies; our ability to expand our current markets, increase market share and develop new markets; the concentrated nature of our customer base; cybersecurity attacks and our ability to safeguard sensitive information and protect our intellectual property rights in key technologies; the effects of regional or global health epidemics; delays in or failure to complete the proposed transaction, whether due to an inability by either party to satisfy one or more conditions to closing, including an inability to obtain regulatory approval in China, the occurrence of events or changes in circumstances that give rise to the termination of the applicable merger agreement by either party, or otherwise; risks related to the pendency of the proposed transaction and its effect on our business, financial condition, results of operations, cash flows and stock price; our ability to achieve the objectives of operational and strategic initiatives and attract, motivate and retain key employees, including as a result of the proposed transaction; diversion of management time and attention from ordinary course business operations to the proposed transaction and other potential disruptions to our business relating thereto; the variability of results among products and end-markets, and our ability to accurately forecast future results, market conditions, and customer requirements; the impact of our indebtedness, including our convertible senior notes and our capped call transactions; and other risks and uncertainties described in our SEC filings on Forms 10-K, 10-Q and 8-K, and from time-to-time in our other SEC reports. All forward-looking statements speak only to management’s expectations, estimates, projections and assumptions as of the date of this press release. The Company does not undertake any obligation to update or publicly revise any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
-
financial tables attached-
Veeco Contacts:
Investor Relations: Alex Delacroix
Media: Brenden Wright
(516) 528-1020
(410) 984-2610
adelacroix@veeco.com
bwright@veeco.com
Veeco Instruments Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
(unaudited)
Three months ended June 30,
Six months ended June 30,
2026
2025
Net sales
193,481
166,104
351,822
333,396
Cost of sales
118,649
97,377
221,162
196,202
Gross profit
74,832
68,727
130,660
137,194
Operating expenses, net:
Research and development
33,343
31,560
63,218
60,074
Selling, general, and administrative
27,629
23,927
53,645
48,955
Amortization of intangible assets
607
821
1,312
1,642
Merger costs
1,464
—
3,476
Other operating expense (income), net
(64
)
49
(186
5
Total operating expenses, net
62,979
56,357
121,465
110,676
11,853
12,370
9,195
26,518
Interest income (expense), net
1,171
905
2,346
1,741
Other income (expense), net
(653
Income before income taxes
13,024
12,622
11,541
27,606
Income tax expense
1,167
889
8
3,926
11,857
11,733
11,533
23,680
Income per common share:
Basic
0.19
0.41
Diluted
0.40
Weighted average number of shares:
61,064
59,076
60,777
58,434
66,782
60,237
64,936
60,072
Condensed Consolidated Balance Sheets
(in thousands)
June 30,
December 31,
Assets
Current assets:
Cash and cash equivalents
214,458
163,466
Short-term investments
214,940
226,763
Accounts receivable, net
148,369
110,685
Contract assets
23,430
34,838
Inventories
292,495
275,298
Prepaid expenses and other current assets
36,582
34,286
Total current assets
930,274
845,336
Property, plant and equipment, net
110,265
108,646
Operating lease right-of-use assets
23,634
24,606
Intangible assets, net
4,384
5,696
Goodwill
214,964
Deferred income taxes
124,045
122,935
Other assets
6,899
3,612
Total assets
1,414,465
1,325,795
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
57,480
55,345
Accrued expenses and other current liabilities
54,087
45,503
Contract liabilities
123,682
74,161
Income taxes payable
1,720
3,048
Total current liabilities
236,969
178,057
492
532
Long-term debt
226,543
226,009
Long-term operating lease liabilities
30,470
31,837
Other liabilities
17,209
3,852
Total liabilities
511,683
440,287
Total stockholders’ equity
902,782
885,508
Total liabilities and stockholders’ equity
Note on Reconciliation Tables
The below tables include financial measures adjusted for the impact of certain items; these financial measures are therefore not calculated in accordance with GAAP. These Non-GAAP financial measures exclude items such as: share-based compensation expense; charges relating to restructuring initiatives; non-cash asset impairments; certain other non-operating gains and losses; and acquisition-related items such as transaction costs, non-cash amortization of acquired intangible assets, and certain integration costs.
These Non-GAAP financial measures may be different from Non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. By excluding these items, Non-GAAP financial measures are intended to facilitate meaningful comparisons to historical operating results, competitors’ operating results, and estimates made by securities analysts. Management is evaluated on key performance metrics including Non-GAAP Operating income (loss), which is used to determine management incentive compensation as well as to forecast future periods. These Non-GAAP financial measures may be useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, similar Non-GAAP financial measures have historically been reported to investors; the inclusion of comparable numbers provides consistency in financial reporting. Investors are encouraged to review the reconciliation of the Non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures.
Reconciliation of GAAP to Non-GAAP Financial Data (Q2 2026)
Non-GAAP Adjustments
Share-Based
Three months ended June 30, 2026
GAAP
Compensation
Amortization
Other
Non-GAAP
1,600
76,432
Gross margin
38.7
%
39.5
Operating expenses
(7,615
(607
(1,464
53,293
9,215
^
23,139
71
21,750
____________________________
^ - See table below for additional details.
Other Non-GAAP Adjustments (Q2 2026)
Merger related expenses
Subtotal
Non-cash interest expense
290
Non-GAAP tax adjustment *
(1,683
Total Other
* - The ‘with or without’ method is utilized to determine the income tax effect of all Non-GAAP adjustments.
Net Income per Common Share (Q2 2026)
Numerator:
Net income available to common shareholders
Denominator:
Basic weighted average shares outstanding
Effect of potentially dilutive share-based awards
1,972
Dilutive effect of 2029 Convertible Senior Notes
3,746
Diluted weighted average shares outstanding
Net income per common share:
Reconciliation of GAAP to Non-GAAP Financial Data (Q2 2025)
Share-based
Three months ended June 30, 2025
1,991
70,718
41.4
42.6
(7,660
(821
(255
47,621
9,651
255
23,097
(670
)^
21,535
Other Non-GAAP Adjustments (Q2 2025)
292
Other (income) expense, net
653
(1,870
Net Income per Common Share (Q2 2025)
Interest expense associated with 2025 and 2027 Convertible Senior Notes
125
113
11,858
21,648
257
Dilutive effect of 2027 Convertible Senior Notes
(1)
904
685
60,018
(1) - The non-GAAP incremental dilutive shares includes the impact of the Company’s capped call transaction issued concurrently with our 2027 Notes, and as such, an effective conversion price of $18.46 is used when determining incremental shares to add to the dilutive share count. The GAAP incremental dilutive shares does not include the impact of the Company’s capped call transaction, and as such, an effective conversion price of $13.98 is used when determining incremental shares to add to the dilutive share count.
Reconciliation of GAAP Net Income to Non-GAAP Operating Income (Q2 2026 and 2025)
Three months ended
June 30, 2026
June 30, 2025
GAAP Net income
Share-based compensation
Interest (income) expense, net
(1,171
(905
908
Income tax expense (benefit)
Non-GAAP Operating income
Reconciliation of GAAP to Non-GAAP Financial Data (Q3 2026)
(in millions, except per share amounts)
Guidance for the three months
ending September 30, 2026
200
220
80
92
1
82
93
40%
42%
41%
66
67
(8)
57
58
14
25
9
35
23
33
Income per diluted common share
0.34
0.35
0.49
Income per Diluted Common Share (Q3 2026)
Guidance for the three months ending September 30, 2026
61
2
4
Reconciliation of GAAP Net Income to Non-GAAP Operating Income (Q3 2026)
(in millions)
Merger related expense
Interest expense (income)
(1
3
Note: Amounts may not calculate precisely due to rounding.
Reconciliation of GAAP to Non-GAAP Financial Data (FY 2026)
Guidance for the year ending
December 31, 2026
780
810
306
334
6
312
340
39%
253
263
(30)
(2)
(6)
215
225
53
36
97
115
52
68
91
107
0.78
1.02
1.36
1.61
Income per Diluted Common Share (FY 2026)
Guidance for the year ending December 31, 2026
62
Reconciliation of GAAP Net Income to Non-GAAP Operating Income (FY 2026)
(4
7
Source: Veeco Instruments Inc.
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investorrelations@veeco.com
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