Filing Flows › Veeco Instruments (VECO) › Q2 2025
Veeco Instruments (VECO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Veeco Instruments (VECO) reported revenue of $166M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -0.7% from the quarter before. Operating margin was 7.4%, net earnings $11.7M (7.1% of revenue).
Veeco Instruments, Q2 2025: revenue $166M (-6% year over year), operating margin 7.4%, net earnings $11.7M, operating cash flow $9.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $166M | -0.7% | -6% |
| Gross profit | $68.7M | +0.4% | -9% |
| Operating profit | $12.4M | -13% | -26% |
| Net earnings | $11.7M | -2% | -21% |
| Operating cash flow | $9.0M | -55% | +7% |
| Free cash flow | $5.4M | -59% | -1% |
What changed
Revenue was $166.1M in Q2 2025, down 6% year over year and down 1% from the previous quarter. Semiconductor was the largest line at 75% of revenue. Data Storage lost $21.6M year over year (down 64%), 221% of the total change.
Gross margin was 41.4%, down 1.5 points from a year earlier. Operating profit was $12.4M, a 7.4% margin (down 2.1 points year over year). Operating expenses fell 4% while revenue fell 6%. Net earnings were $11.7M, down 21% year over year. The effective tax rate was 7.0%.
Operating cash flow was $9.0M (up 7% year over year), 77% of net earnings. Non-cash charges added back $5.1M of depreciation and amortization and $9.7M of share-based compensation. Working capital and other items used $17.4M. Capital expenditures of $3.6M left free cash flow of $5.4M.
Questions
What was Veeco Instruments' revenue in the second quarter 2025?
Veeco Instruments (VECO) reported revenue of $166M for the second quarter 2025 (Q2 2025), -6% from a year earlier and -0.7% from the quarter before.
Was Veeco Instruments profitable in the second quarter 2025?
Operating profit was $12.4M (7.4% of revenue) and net earnings $11.7M.
Source: Veeco Instruments 10-Q on SEC EDGAR.