Filing Flows › Veeco Instruments (VECO) › How it makes money
How Veeco Instruments (VECO) makes money
Veeco Instruments (VECO) made $209M of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Semiconductor brought in $135M (65%); Compound Semiconductor brought in $40.2M (19%); Data Storage brought in $20.0M (10%). Of every dollar of revenue, 38¢ was left as gross profit, 7¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Semiconductor | $135M | 64.6% | +4% | +14% |
| Compound Semiconductor | $40.2M | 19.2% | +96% | +268% |
| Data Storage | $20.0M | 9.6% | -10% | +101% |
| Scientific & Other | $13.9M | 6.6% | -31% | -48% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $209M | 100.0% |
| Cost of revenue | $129M | 61.6% |
| Gross profit | $80.4M | 38.4% |
| Operating expenses | $66.3M | 31.7% |
| Operating profit | $14.1M | 6.7% |
| Income tax | $2.2M | 1.1% |
| Net earnings | $13.6M | 6.5% |
| Operating cash flow | $57.9M | 27.7% |
| Free cash flow | $53.6M | 25.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $209M | +26% |
| Q2 2026 | $193M | +16% |
| Q1 2026 | $158M | -5% |
| Q4 2025 | $165M | -9% |
| Q3 2025 | $166M | -10% |
| Q2 2025 | $166M | -6% |
| Q1 2025 | $167M | -4% |
From Veeco Instruments' 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Veeco Instruments make money?
Veeco Instruments (VECO) made $209M of revenue in the third quarter 2026 (Q3 2026), +26% from a year earlier. Semiconductor brought in $135M (65%); Compound Semiconductor brought in $40.2M (19%); Data Storage brought in $20.0M (10%). Of every dollar of revenue, 38¢ was left as gross profit, 7¢ was left as operating profit, 7¢ was left as net earnings.
What is Veeco Instruments' biggest business?
Semiconductor: $135M in the third quarter 2026, 65% of revenue, +14% from a year earlier.
What is Veeco Instruments' profit margin?
Net earnings were $13.6M, 6.5% of revenue, in the third quarter 2026; the operating margin was 6.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.