Veeco Instruments Inc income statement
In fiscal 2025, Veeco Instruments Inc reported revenue of $664m, down 7.4% on the year before, operating income of $35.7m (a 5.4% margin) and net income of $35.4m, or $0.59 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 282 | 931 | 979 | 516 | 332 | 393 | 477 | 332 | 476 | 542 | 419 | 454 | 583 | 646 | 666 | 717 | 664 | 683 |
| Cost of revenue | 168 | 481 | 505 | 301 | 229 | 258 | 300 | 199 | 299 | 348 | 261 | 260 | 341 | 383 | 381 | 413 | 399 | 424 |
| Gross profit | 114 | 449 | 474 | 215 | 103 | 135 | 177 | 133 | 176 | 194 | 158 | 194 | 242 | 263 | 285 | 304 | 265 | 259 |
| Research and development | 38 | 57 | 97 | 95 | 81 | 81 | 79 | 81 | 82 | 98 | 91 | 79 | 89 | 104 | 113 | 125 | 120 | 123 |
| Selling, general and administrative | 59 | 87 | 95 | 73 | 85 | 90 | 90 | 78 | 100 | 92 | 80 | 76 | 85 | 89 | 93 | 100 | 99 | 104 |
| Operating income | 8 | 303 | 276 | 37 | −72 | −79 | −23 | −120 | −72 | −416 | −40 | 23 | 57 | 60 | 70 | 67 | 36 | 18 |
| Interest expense | 8 | 8 | 5 | 2 | 1 | 1 | 0 | 0 | 19 | 22 | 22 | 25 | 28 | 12 | 12 | 11 | 9 | 9 |
| Net interest income | −7 | −7 | −1 | 1 | 1 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 1 | 297 | 272 | 38 | −71 | −78 | −23 | −119 | −89 | −434 | −78 | −8 | 26 | 51 | −28 | 69 | 39 | 23 |
| Income tax | 3 | 20 | 82 | 12 | −29 | −11 | 9 | 3 | −38 | −27 | 1 | −0 | −0 | −116 | 2 | −5 | 4 | 0 |
| Net income | −16 | 362 | 128 | 31 | −42 | −67 | −32 | −122 | −51 | −407 | −79 | −8 | 26 | 167 | −30 | 74 | 35 | 23 |
| Diluted EPS | −$0.48 | $8.51 | $3.11 | $0.79 | −$1.09 | −$1.70 | −$0.80 | −$3.10 | −$1.16 | −$8.63 | −$1.66 | −$0.17 | $0.49 | $2.71 | −$0.56 | $1.23 | $0.59 | $0.37 |
| Diluted shares (average) | 33m | 43m | 41m | 39m | 39m | 39m | 40m | 39m | 44m | 47m | 47m | 48m | 54m | 66m | 54m | 62m | 61m | 62m |
| EBITDA | 20 | 314 | 289 | 53 | −53 | −55 | 17 | −88 | −22 | −366 | −5 | 53 | 83 | 86 | 95 | 92 | 56 | 37 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 185 | 182 | 167 | 166 | 166 | 165 | 158 | 193 |
| Cost of revenue | 106 | 108 | 99 | 97 | 98 | 105 | 103 | 119 |
| Gross profit | 79 | 74 | 68 | 69 | 68 | 61 | 56 | 75 |
| Research and development | 32 | 31 | 29 | 32 | 29 | 31 | 30 | 33 |
| Selling, general and administrative | 25 | 25 | 25 | 24 | 27 | 23 | 26 | 28 |
| Operating income | 24 | 4 | 14 | 12 | 11 | −1 | −3 | 12 |
| Interest expense | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 |
| Income before tax | 25 | 4 | 15 | 13 | 12 | −0 | −1 | 13 |
| Income tax | 3 | −11 | 3 | 1 | 1 | −1 | −1 | 1 |
| Net income | 22 | 15 | 12 | 12 | 11 | 1 | −0 | 12 |
| Diluted EPS | $0.36 | $0.26 | $0.20 | $0.20 | $0.17 | $0.02 | −$0.01 | $0.18 |
| EBITDA | 29 | 10 | 19 | 17 | 15 | 4 | 2 | 16 |
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