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Veeco Instruments vs Azenta: VECO and AZTA compared
Veeco Instruments is the larger company: $209M of revenue in its latest quarter (Q3 2026) against $161M for Azenta (Q3 FY26). Veeco Instruments is growing faster (+26% against +12% a year earlier). Veeco Instruments is more profitable, with an operating margin of 6.7% against -2.6%.
Where the money goes: VECO and AZTA
Veeco Instruments (VECO) · Q3 2026
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.
Azenta (AZTA) · Q3 FY26
Azenta, Q3 FY26: revenue $161M (+12% year over year), operating margin -2.6%, net earnings $2.5M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Veeco Instruments (VECO) | Azenta (AZTA) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $209M | $161M |
| Revenue growth, Y/Y | +26% | +12% |
| Gross margin | 38.4% | — |
| Operating margin | 6.7% | -2.6% |
| Net earnings | $13.6M | $2.5M |
| Net margin | 6.5% | 1.5% |
| Operating cash flow | $57.9M | $1.4M |
| Free cash flow | $53.6M | — |
| Market value | $3.5B | $1.5B |
| P/E | 130.7× | — |
| Analysts’ mean target | $61.33 | $37.80 |
Where the revenue comes from
Veeco Instruments
- Semiconductor: $135M (65%)
- Compound Semiconductor: $40.2M (19%)
- Data Storage: $20.0M (10%)
- Scientific & Other: $13.9M (7%)
Azenta
- Sample Management Solutions: $88.3M (55%)
- Multiomics: $72.9M (45%)
Questions
Which is bigger, Veeco Instruments or Azenta?
Veeco Instruments is the larger company: $209M of revenue in its latest quarter (Q3 2026) against $161M for Azenta (Q3 FY26).
Is Veeco Instruments or Azenta growing faster?
Veeco Instruments is growing faster (+26% against +12% a year earlier).
Which is more profitable, Veeco Instruments or Azenta?
Veeco Instruments is more profitable, with an operating margin of 6.7% against -2.6%.
More: Veeco Instruments earnings · how Veeco Instruments makes money · Azenta earnings · how Azenta makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.