Filing Flows › Veeco Instruments (VECO) › Q3 2026 › vs Q2 2026
Veeco Instruments (VECO) Q3 2026 vs Q2 2026 (quarter over quarter)
Veeco Instruments's revenue rose $15.9M (+8%) from $193M in Q2 2026 to $209M in Q3 2026. The biggest changes: Compound Semiconductor +$19.7M (+96%); Scientific & Other −$6.2M (-31%); Semiconductor +$4.6M (+4%). Gross margin 38.4% against 38.7% (-0.3 pts).
Veeco Instruments, Q3 2026: revenue $209M (+26% year over year), operating margin 6.7%, net earnings $13.6M, operating cash flow $57.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 38.4% | 38.7% | -0.3 pts |
| Operating margin | 6.7% | 6.1% | +0.6 pts |
| Net margin | 6.5% | 6.1% | +0.4 pts |
| Free cash flow margin | 25.6% | 24.7% | +0.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Semiconductor | $135M | $131M | $4.6M | +4% |
| Compound Semiconductor | $40.2M | $20.5M | $19.7M | +96% |
| Data Storage | $20.0M | $22.2M | −$2.2M | -10% |
| Scientific & Other | $13.9M | $20.1M | −$6.2M | -31% |
| Revenue | $209M | $193M | $15.9M | +8% |
| Gross profit | $80.4M | $74.8M | $5.6M | +7% |
| Cost of revenue | $129M | $119M | $10.3M | +9% |
| Other income, net | $1.8M | $1.2M | $614K | +52% |
| Operating profit | $14.1M | $11.9M | $2.2M | +19% |
| Operating expenses | $66.3M | $63.0M | $3.3M | +5% |
| Pre-tax earnings | $15.9M | $13.0M | $2.9M | +22% |
| Research & development | $35.1M | $33.3M | $1.7M | +5% |
| SG&A | $28.5M | $27.6M | $905K | +3% |
| Other operating costs | $2.7M | $2.0M | $690K | +34% |
| Net earnings | $13.6M | $11.9M | $1.8M | +15% |
| Income tax | $2.2M | $1.2M | $1.1M | +93% |
| Depreciation & amortization | $4.9M | $4.9M | $5K | +0.1% |
| Share-based compensation | $8.4M | $9.2M | −$801K | -9% |
| Working capital & other | $31.0M | $25.5M | $5.5M | +22% |
| Operating cash flow | $57.9M | $51.4M | $6.5M | +13% |
| Free cash flow (OCF − capex) | $53.6M | $47.7M | $5.9M | +12% |
| Capital expenditures | $4.3M | $3.7M | $619K | +17% |
Questions
How much did Veeco Instruments's revenue grow quarter over quarter in Q3 2026?
Veeco Instruments's revenue rose $15.9M (+8%) from $193M in Q2 2026 to $209M in Q3 2026.
What drove Veeco Instruments's revenue change in Q3 2026?
Compound Semiconductor +$19.7M (+96%); Scientific & Other −$6.2M (-31%); Semiconductor +$4.6M (+4%).