Filing Flows › Veeco Instruments (VECO) › Q3 2026 › vs Q3 2025
Veeco Instruments (VECO) Q3 2026 vs Q3 2025 (year over year)
Veeco Instruments's revenue rose $43.5M (+26%) from $166M in Q3 2025 to $209M in Q3 2026. The biggest changes: Compound Semiconductor +$29.3M (+268%); Semiconductor +$16.9M (+14%); Scientific & Other −$12.8M (-48%). Gross margin 38.4% against 40.8% (-2.4 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 38.4% | 40.8% | -2.4 pts |
| Operating margin | 6.7% | 6.4% | +0.4 pts |
| Net margin | 6.5% | 6.4% | +0.1 pts |
| Free cash flow margin | 25.6% | 7.8% | +17.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Semiconductor | $135M | $118M | $16.9M | +14% |
| Compound Semiconductor | $40.2M | $10.9M | $29.3M | +268% |
| Data Storage | $20.0M | $10.0M | $10.0M | +101% |
| Scientific & Other | $13.9M | $26.7M | −$12.8M | -48% |
| Revenue | $209M | $166M | $43.5M | +26% |
| Gross profit | $80.4M | $67.7M | $12.7M | +19% |
| Cost of revenue | $129M | $98.2M | $30.8M | +31% |
| Other income, net | $1.8M | $1.3M | $464K | +35% |
| Operating profit | $14.1M | $10.6M | $3.5M | +34% |
| Operating expenses | $66.3M | $57.1M | $9.1M | +16% |
| Pre-tax earnings | $15.9M | $11.9M | $4.0M | +34% |
| Research & development | $35.1M | $29.0M | $6.1M | +21% |
| SG&A | $28.5M | $24.7M | $3.9M | +16% |
| Other operating costs | $2.7M | $3.5M | −$810K | -23% |
| Net earnings | $13.6M | $10.6M | $3.0M | +29% |
| Income tax | $2.2M | $1.3M | $970K | +76% |
| Depreciation & amortization | $4.9M | $4.9M | $7K | +0.1% |
| Share-based compensation | $8.4M | $9.1M | −$731K | -8% |
| Working capital & other | $31.0M | −$9.1M | $40.1M | — |
| Operating cash flow | $57.9M | $15.5M | $42.4M | +273% |
| Free cash flow (OCF − capex) | $53.6M | $13.0M | $40.6M | +314% |
| Capital expenditures | $4.3M | $2.6M | $1.8M | +68% |
Questions
How much did Veeco Instruments's revenue grow year over year in Q3 2026?
Veeco Instruments's revenue rose $43.5M (+26%) from $166M in Q3 2025 to $209M in Q3 2026.
What drove Veeco Instruments's revenue change in Q3 2026?
Compound Semiconductor +$29.3M (+268%); Semiconductor +$16.9M (+14%); Scientific & Other −$12.8M (-48%).