Veeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.

Veeco Instruments Inc.

Veeco Precision Surface Processing

Making a Material Difference is at the core of our DNA. For more than 30 years, we have developed differentiated technologies and built expertise and know-how that has enabled world-changing devices such as LED lighting, data storage, advanced computing and mobile devices to reach industrial scale. We help customers overcome technical and cost barriers that make it possible to convert novel materials into high-yielding device performance at production volumes. Our customers produce the newest, fastest, smallest, and most efficient electronic components used in devices to help deliver a better world. 

We serve the semiconductor and emerging high-growth markets. Our process equipment and technology are used to manufacture advanced semiconductors, LEDs, displays, photonics, VCSELs, power electronics, compound semiconductors, hard disk drives, MEMS and wireless chips. For information on our company, products and worldwide service and support, please visit www.veeco.com.

US Department of Energy

NYSERDA

Veeco

This month, we honor the achievements, contributions, and resilience of women everywhere this #WomensHistoryMonth and beyond. 
#MakingAMaterialDifference

We are presenting at CS International. Rudy Parekh will present Accelerating the Growth of GaN-based Power Electronics Via Adoption of 300mm Technology. Full agenda and information available here: https://bit.ly/3UXJPX3

#MakingAMaterialDifference #CSInternational

We're Hiring! Edward Budriss, Veeco's Director of Mechanical Engineering, is hiring a Staff Mechanical Engineer to join his CIP and R&D team based in Horsham, Pennsylvania. This is a great opportunity to directly contribute to the evolution of our wet processing tools and our customer’s challenges to technology advancement. Read about this opportunity here: https://bit.ly/42PqEAz

#MakingAMaterialDifference #MechanicalEngineer 

Earlier this month, our San Jose team joined forces for a meaningful cause at the volunteer event known as “4th and Reed,” a volunteer event organized by Habitat for Humanity. Our volunteers contributed their time and skills towards transforming the Historic Pallesen Apartments. This effort aims to convert the building into four new, affordable condominiums and provides much-needed housing solutions for deserving local families in the surrounding community. #MakingAMaterialDifference

We are proud to recognize National Engineers Week, one of the largest STEM events of the year in the United States.  We celebrate the amazing accomplishments of engineers, technicians, and technologists and we work to encourage the next generation of difference-makers to enter STEM fields.  Pop quiz: Do you know why National Engineers Week is held at this time in February? Drop us a comment with your best guess. 
#MakingAMaterialDifference

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	331.75M -	392.87M 18.42%	477.04M 21.42%	332.45M 30.31%	484.76M 45.81%	542.08M 11.83%	419.35M 22.64%	454.16M 8.30%	583.28M 28.43%	646.14M 10.78%	666.43M 3.14%
cost of revenue	228.61M -	257.99M 12.85%	299.80M 16.20%	199.59M 33.42%	300.44M 50.53%	348.36M 15.95%	261.15M 25.03%	259.86M 0.49%	341.00M 31.22%	382.99M 12.31%	389.86M 1.79%
gross profit	103.14M -	134.88M 30.77%	177.24M 31.40%	132.86M 25.04%	184.32M 38.73%	193.72M 5.10%	158.19M 18.34%	194.30M 22.82%	242.27M 24.69%	263.15M 8.62%	276.58M 5.10%
selling and marketing expenses
general and administrative expenses	85.49M -	89.76M 5.00%	90.19M 0.48%	77.64M 13.91%	100.25M 29.12%	92.06M 8.17%
selling general and administrative expenses	85.49M -	89.76M 5.00%	90.19M 0.48%	77.64M 13.91%	100.25M 29.12%	92.06M 8.17%	79.75M 13.37%	76.25M 4.39%	84.54M 10.87%	88.95M 5.22%	91.66M 3.04%
research and development expenses	81.42M -	81.17M 0.31%	78.54M 3.24%	81.02M 3.15%	81.99M 1.20%	97.75M 19.23%	90.56M 7.36%	78.99M 12.77%	88.68M 12.26%	103.56M 16.79%	112.85M 8.97%
other expenses	1.02M -	3.18M 212.88%	697K 78.10%	-223K 131.99%	392K 275.78%	-368K 193.88%	17.04M 4,731.25%	15.11M 11.33%	12.35M 18.29%	10.34M 16.30%	-97.09M 1,039.44%
cost and expenses	401.04M -	442.07M 10.23%	496.16M 12.24%	377.47M 23.92%	518.15M 37.27%	570.53M 10.11%	448.50M 21.39%	430.22M 4.08%	526.57M 22.39%	585.84M 11.26%	594.37M 1.46%
operating expenses	172.44M -	184.08M 6.75%	196.37M 6.68%	177.88M 9.42%	217.71M 22.39%	222.17M 2.05%	187.35M 15.67%	170.36M 9.07%	185.56M 8.93%	202.85M 9.32%	204.51M 0.82%
interest expense	598K -	715K 19.57%	464K 35.10%	222K 52.16%	19.46M 8,664.41%	21.52M 10.59%	22.09M 2.64%	24.74M 12.02%	26.02M 5.18%	9.31M 64.22%	11.77M 26.41%
ebitda	-60.23M -	-2.85M 95.26%	13.31M 566.70%	49.36M 270.71%	32.86M 33.43%	390.59M 1,088.76%	-1.65M 100.42%	40.65M 2,568.37%	63.98M 57.38%	70.31M 9.90%	97.03M 38.00%
operating income	-71.81M -	-79.21M 10.30%	-23.23M 70.67%	-120.40M 418.26%	-63.78M 47.03%	-415.50M 551.48%	-29.16M 92.98%	22.57M 177.40%	56.71M 151.32%	60.30M 6.32%	72.07M 19.53%
depreciation and amortization	5.53M -	13.15M 137.85%	27.63M 110.21%	19.22M 30.45%	35.48M 84.58%	32.35M 8.81%	27.51M 14.97%	18.09M 34.24%	7.27M 59.81%	10.02M 37.80%	24.97M 149.21%
total other income expenses net	-2.52M -	-30.01M 1,092.45%	-4.11M 86.31%	-75.38M 1,735.03%	-30.38M 59.69%	-387.06M 1,173.88%	-48.80M 87.39%	-31.03M 36.42%	-31.03M 0.00%	-9.31M 69.99%	-100.41M 978.37%
income before tax	-71.21M -	-78.35M 10.03%	-22.65M 71.10%	-119.44M 427.44%	-80.90M 32.27%	-433.83M 436.26%	-77.96M 82.03%	-8.46M 89.14%	25.68M 403.40%	50.98M 98.54%	-28.34M 155.58%
income tax expense	-28.95M -	-11.41M 60.57%	9.33M 181.76%	2.77M 70.36%	-36.11M 1,405.39%	-26.75M 25.93%	777K 102.91%	-73K 109.40%	-358K 390.41%	-115.96M 32,290.22%	2.03M 101.75%
net income	-42.26M -	-66.94M 58.39%	-31.98M 52.23%	-122.21M 282.17%	-44.79M 63.35%	-407.09M 808.82%	-78.73M 80.66%	-8.39M 89.34%	26.04M 410.31%	166.94M 541.15%	-30.37M 118.19%
weighted average shs out	38.77M -	39.35M 1.49%	39.74M 1.00%	39.34M 1.01%	44.17M 12.29%	47.15M 6.74%	47.48M 0.70%	48.36M 1.85%	49.07M 1.47%	49.91M 1.70%	53.77M 7.74%
weighted average shs out dil	38.81M -	39.35M 1.40%	39.74M 1.00%	39.34M 1.01%	44.17M 12.29%	47.15M 6.74%	47.48M 0.70%	48.36M 1.85%	53.64M 10.92%	65.61M 22.30%	53.77M 18.04%
eps	-1.09 -	-1.70 55.96%	-0.80 52.94%	-3.11 288.75%	-1.01 67.52%	-8.63 754.46%	-1.66 80.76%	-0.17 89.76%	0.53 411.76%	3.35 532.08%	-0.56 116.72%
epsdiluted	-1.09 -	-1.70 55.96%	-0.80 52.94%	-3.11 288.75%	-1.01 67.52%	-8.63 754.46%	-1.66 80.76%	-0.17 89.76%	0.49 388.24%	2.71 453.06%	-0.56 120.66%

NASDAQ:VECO

Veeco Instruments Inc.

Last Close

39.35

26/07 20:00

Market Cap

2.75B

Beta: 1.27

Volume Today

722.05K

Avg: 430.20K

PE Ratio

23.56

PFCF: 40.78

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