Filing Flows › Veeco Instruments (VECO) › Q2 2026 › vs Q2 2025
Veeco Instruments (VECO) Q2 2026 vs Q2 2025 (year over year)
Veeco Instruments's revenue rose $27.4M (+16%) from $166M in Q2 2025 to $193M in Q2 2026. The biggest changes: Data Storage +$9.8M (+80%); Semiconductor +$6.8M (+5%); Compound Semiconductor +$6.3M (+45%). Gross margin 38.7% against 41.4% (-2.7 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 38.7% | 41.4% | -2.7 pts |
| Operating margin | 6.1% | 7.4% | -1.3 pts |
| Net margin | 6.1% | 7.1% | -0.9 pts |
| Free cash flow margin | 24.7% | 3.3% | +21.4 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor | $131M | $124M | $6.8M | +5% |
| Data Storage | $22.2M | $12.4M | $9.8M | +80% |
| Compound Semiconductor | $20.5M | $14.2M | $6.3M | +45% |
| Scientific & Other | $20.1M | $15.7M | $4.4M | +28% |
| Revenue | $193M | $166M | $27.4M | +16% |
| Gross profit | $74.8M | $68.7M | $6.1M | +9% |
| Cost of revenue | $119M | $97.4M | $21.3M | +22% |
| Other income, net | $1.2M | $252K | $919K | +365% |
| Operating profit | $11.9M | $12.4M | −$517K | -4% |
| Operating expenses | $63.0M | $56.4M | $6.6M | +12% |
| Pre-tax earnings | $13.0M | $12.6M | $402K | +3% |
| Research & development | $33.3M | $31.6M | $1.8M | +6% |
| SG&A | $27.6M | $23.9M | $3.7M | +15% |
| Other operating costs | $2.0M | $870K | $1.1M | +131% |
| Net earnings | $11.9M | $11.7M | $124K | +1% |
| Income tax | $1.2M | $889K | $278K | +31% |
| Depreciation & amortization | $4.9M | $5.1M | −$197K | -4% |
| Share-based compensation | $9.2M | $9.7M | −$436K | -5% |
| Working capital & other | $25.5M | −$17.4M | $42.9M | — |
| Operating cash flow | $51.4M | $9.0M | $42.4M | +469% |
| Free cash flow (OCF − capex) | $47.7M | $5.4M | $42.3M | +776% |
| Capital expenditures | $3.7M | $3.6M | $115K | +3% |
Questions
How much did Veeco Instruments's revenue grow year over year in Q2 2026?
Veeco Instruments's revenue rose $27.4M (+16%) from $166M in Q2 2025 to $193M in Q2 2026.
What drove Veeco Instruments's revenue change in Q2 2026?
Data Storage +$9.8M (+80%); Semiconductor +$6.8M (+5%); Compound Semiconductor +$6.3M (+45%).