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Other financials

Income statement

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Revenue$193.5M+16.5%
Gross profit$74.8M+8.9%
Operating income$11.9M-4.2%
Net income$11.9M+1.1%
EPS (diluted)$0.18-10.0%

Balance sheet

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Cash & equivalents$214.5M+13.5%
Total debt$261.2M-0.6%
Total equity$902.8M+5.4%
Total assets$1.4B+11.0%

Cash flow

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Operating cash flow$51.4M+469%
CapEx$3.7M+3.2%
Free cash flow$47.7M+776%

Valuation

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Market cap$3.15B+171%
Enterprise value$3.2B+159%
P/E135.7×+117×
P/S4.6×+3.0×

Profitability

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Gross margin37.9%-3.5pp
Operating margin2.9%-4.9pp
Net margin3.4%-5.2pp
FCF margin12.5%+4.5pp

Returns & leverage

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Return on equity2.6%-5.1pp
Debt / equity0.3×0.0×
Current ratio3.9×-1.2×

Where this comes from

Reported directly by Veeco Instruments in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Veeco Instruments’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:30 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091158
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Cost of sales118,64997,377221,162196,202
Gross profit74,83268,727130,660137,194
Operating expenses, net:
Research and development33,34331,56063,21860,074
Selling, general, and administrative27,62923,92753,64548,955
Amortization of intangible assets6078211,3121,642
Merger costs1,4643,476
Other operating expense (income), net(64)49(186)5

Item 1. Financial Statements

FAQ

What is Veeco Instruments's R&D?
Veeco Instruments (VECO) reported R&D of $33.34M in Q2 2026.
How has Veeco Instruments's R&D changed year-over-year?
Veeco Instruments's R&D increased by 5.6% year-over-year, from $31.56M to $33.34M.
What is the long-term trend for Veeco Instruments's R&D?
Over 4 years (2021 to 2025), Veeco Instruments's R&D has grown at a 7.8% compound annual growth rate (CAGR), from $88.68M to $119.64M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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