Filing Flows › Veeco Instruments (VECO) › Q2 2026 › vs Q1 2026
Veeco Instruments (VECO) Q2 2026 vs Q1 2026 (quarter over quarter)
Veeco Instruments's revenue rose $35.1M (+22%) from $158M in Q1 2026 to $193M in Q2 2026. The biggest changes: Semiconductor +$21.6M (+20%); Data Storage +$12.0M (+117%); Compound Semiconductor +$1.7M (+9%). Gross margin 38.7% against 35.3% (+3.4 pts).
Veeco Instruments, Q2 2026: revenue $193M (+16% year over year), operating margin 6.1%, net earnings $11.9M, operating cash flow $51.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 38.7% | 35.3% | +3.4 pts |
| Operating margin | 6.1% | -1.7% | +7.8 pts |
| Net margin | 6.1% | -0.2% | +6.3 pts |
| Free cash flow margin | 24.7% | 1.8% | +22.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Semiconductor | $131M | $109M | $21.6M | +20% |
| Data Storage | $22.2M | $10.2M | $12.0M | +117% |
| Compound Semiconductor | $20.5M | $18.8M | $1.7M | +9% |
| Scientific & Other | $20.1M | $20.3M | −$203K | -1% |
| Revenue | $193M | $158M | $35.1M | +22% |
| Gross profit | $74.8M | $55.8M | $19.0M | +34% |
| Cost of revenue | $119M | $103M | $16.1M | +16% |
| Other income, net | $1.2M | $1.2M | −$4K | -0.3% |
| Operating profit | $11.9M | −$2.7M | $14.5M | — |
| Operating expenses | $63.0M | $58.5M | $4.5M | +8% |
| Pre-tax earnings | $13.0M | −$1.5M | $14.5M | — |
| Research & development | $33.3M | $29.9M | $3.5M | +12% |
| SG&A | $27.6M | $26.0M | $1.6M | +6% |
| Other operating costs | $2.0M | $2.6M | −$588K | -23% |
| Net earnings | $11.9M | −$324K | $12.2M | — |
| Income tax | $1.2M | −$1.2M | $2.3M | — |
| Depreciation & amortization | $4.9M | $5.0M | −$133K | -3% |
| Share-based compensation | $9.2M | $8.5M | $704K | +8% |
| Working capital & other | $25.5M | −$5.3M | $30.7M | — |
| Operating cash flow | $51.4M | $7.9M | $43.5M | +548% |
| Free cash flow (OCF − capex) | $47.7M | $2.8M | $44.9M | 17× |
| Capital expenditures | $3.7M | $5.1M | −$1.4M | -27% |
Questions
How much did Veeco Instruments's revenue grow quarter over quarter in Q2 2026?
Veeco Instruments's revenue rose $35.1M (+22%) from $158M in Q1 2026 to $193M in Q2 2026.
What drove Veeco Instruments's revenue change in Q2 2026?
Semiconductor +$21.6M (+20%); Data Storage +$12.0M (+117%); Compound Semiconductor +$1.7M (+9%).