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Veeco Instruments (VECO) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 5, 2026

Veeco Instruments (VECO) reported revenue of $193M for the second quarter 2026 (Q2 2026), +16% from a year earlier and +22% from the quarter before. Operating margin was 6.1%, net earnings $11.9M (6.1% of revenue).

Revenue$193M
Year over year+16%
Quarter over quarter+22%
Operating margin6.1%
Net earnings$11.9M

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 follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$193M+22%+16%
Gross profit$74.8M+34%+9%
Operating profit$11.9M—-4%
Net earnings$11.9M—+1%
Operating cash flow$51.4M+548%+469%
Free cash flow$47.7M17×+776%

What changed

Revenue was $193.5M in Q2 2026, up 16% year over year and up 22% from the previous quarter. Semiconductor was the largest line at 68% of revenue. Data Storage added $9.8M year over year (up 80%), 36% of the total change.

Gross margin was 38.7%, down 2.7 points from Q2 2025. Operating profit was $11.9M, a 6.1% margin (down 1.3 points year over year). Operating profit fell $517K even though revenue rose $27.4M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 12% against revenue growth of 16%. The fastest-growing cost line was Other operating costs (+131%). Net earnings were $11.9M, up 1% year over year. The effective tax rate was 9.0%.

Operating cash flow was $51.4M (up 469% year over year), 434% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $9.2M of share-based compensation. Working capital and other items added $25.5M. Capital expenditures of $3.7M left free cash flow of $47.7M.

Questions

What was Veeco Instruments' revenue in the second quarter 2026?

Veeco Instruments (VECO) reported revenue of $193M for the second quarter 2026 (Q2 2026), +16% from a year earlier and +22% from the quarter before.

Was Veeco Instruments profitable in the second quarter 2026?

Operating profit was $11.9M (6.1% of revenue) and net earnings $11.9M.

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Source: Veeco Instruments 10-Q on SEC EDGAR.