Filing Flows › Veeco Instruments (VECO) › Q3 2026
Veeco Instruments (VECO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Veeco Instruments (VECO) reported revenue of $209M for the third quarter 2026 (Q3 2026), +26% from a year earlier and +8% from the quarter before. Operating margin was 6.7%, net earnings $13.6M (6.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +8% | +26% |
| Gross profit | $80.4M | +7% | +19% |
| Operating profit | $14.1M | +19% | +34% |
| Net earnings | $13.6M | +15% | +29% |
| Operating cash flow | $57.9M | +13% | +273% |
| Free cash flow | $53.6M | +12% | +314% |
What changed
Revenue was $209.4M in Q3 2026, up 26% year over year and up 8% from the previous quarter. Semiconductor was the largest line at 65% of revenue. Compound Semiconductor added $29.3M year over year (up 268%), 67% of the total change. Scientific & Other declined 48%.
Gross margin was 38.4%, down 2.4 points from Q3 2025. Operating profit was $14.1M, a 6.7% margin (up 0.4 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 6% margin then. Operating expenses grew 16% against revenue growth of 26%. The fastest-growing cost line was Research & development (+21%). Net earnings were $13.6M, up 29% year over year. The effective tax rate was 14.2%.
Operating cash flow was $57.9M (up 273% year over year), 425% of net earnings. Non-cash charges added back $4.9M of depreciation and amortization and $8.4M of share-based compensation. Working capital and other items added $31.0M. Capital expenditures of $4.3M left free cash flow of $53.6M.
Questions
What was Veeco Instruments' revenue in the third quarter 2026?
Veeco Instruments (VECO) reported revenue of $209M for the third quarter 2026 (Q3 2026), +26% from a year earlier and +8% from the quarter before.
Was Veeco Instruments profitable in the third quarter 2026?
Operating profit was $14.1M (6.7% of revenue) and net earnings $13.6M.
Source: Veeco Instruments 10-Q on SEC EDGAR.