Veeco Instruments Q3 revenue and net income miss estimates
VECO•Veeco Instruments’ Q3 revenue rose year over year to $209.4 million but missed the $213.33 million consensus estimate; adjusted net income was $24.1 million, below the $28.3 million estimate. The company expects Q4 revenue of $230 million to $260 million and revised FY 2026 revenue guidance to $790 million-$820 million.
1. Third-quarter results
Veeco Instruments reported Q3 revenue of $209.4 million, up year over year but below analysts’ $213.33 million estimate. Adjusted net income was $24.1 million, compared with the $28.3 million estimate; net income was $13.6 million and EPS was $0.21.
2. Outlook and demand
Veeco expects Q4 revenue of $230 million to $260 million, GAAP EPS of $0.34 to $0.53 and non-GAAP EPS of $0.50 to $0.70. It revised FY 2026 revenue guidance to $790 million-$820 million and said accelerating AI infrastructure investment is driving technology transitions, increased customer engagement and orders.
