Filing Flows › Veeco Instruments (VECO) › Q3 2025
Veeco Instruments (VECO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Veeco Instruments (VECO) reported revenue of $166M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -0.1% from the quarter before. Operating margin was 6.4%, net earnings $10.6M (6.4% of revenue).
Veeco Instruments, Q3 2025: revenue $166M (-10% year over year), operating margin 6.4%, net earnings $10.6M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $166M | -0.1% | -10% |
| Gross profit | $67.7M | -1% | -15% |
| Operating profit | $10.6M | -15% | -57% |
| Net earnings | $10.6M | -10% | -52% |
| Operating cash flow | $15.5M | +72% | -12% |
| Free cash flow | $13.0M | +138% | -5% |
What changed
Revenue was $165.9M in Q3 2025, down 10% year over year and roughly flat from the previous quarter. Semiconductor was the largest line at 71% of revenue. Data Storage lost $22.8M year over year (down 70%), 120% of the total change.
Gross margin was 40.8%, down 2.0 points from a year earlier. Operating profit was $10.6M, a 6.4% margin (down 6.8 points year over year). Operating expenses grew 4% against a revenue fall of 10%. Net earnings were $10.6M, down 52% year over year. The effective tax rate was 10.8%.
Operating cash flow was $15.5M (down 12% year over year), 147% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $9.1M of share-based compensation. Working capital and other items used $9.1M. Capital expenditures of $2.6M left free cash flow of $13.0M.
Questions
What was Veeco Instruments' revenue in the third quarter 2025?
Veeco Instruments (VECO) reported revenue of $166M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -0.1% from the quarter before.
Was Veeco Instruments profitable in the third quarter 2025?
Operating profit was $10.6M (6.4% of revenue) and net earnings $10.6M.
Source: Veeco Instruments 10-Q on SEC EDGAR.