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.)