Filing Flows › Veeco Instruments (VECO) › Q2 2026
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).
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 2026 | Amount | Q/Q | Y/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 | $47.7M | 17× | +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.
Source: Veeco Instruments 10-Q on SEC EDGAR.