Q4 2025 Veeco Instruments Inc Earnings Call Transcript

Feb 25, 2026 / 10:00 PM GMT

Release Date Price: $28.46 (-3.07%)

Transcript 10-K8-K

Key Points

Positve

Veeco Instruments Inc (VECO) achieved record revenue in its semiconductor business for 2025, driven by laser annealing, wet processing, and ion beam EUV technology.
The company announced a strategic all-stock merger with Accelis Technologies, expected to create a leading semiconductor equipment company.
New products are gaining traction, fueled by demand from AI and high-performance computing, leading to increased order activity and backlog.
Veeco Instruments Inc (VECO) doubled its advanced packaging business year-over-year, driven by wet processing and lithography tool shipments for 3D packaging.
The company has secured significant orders for its new Propel 300 millimeter Gannon silicon system and Lumina plus arsenide phosphide system, supporting future revenue growth.

Negative

Overall revenue for 2025 declined by 7% from the prior year, despite growth in the semiconductor segment.
Compound semiconductor and data storage revenues declined from the prior year, representing challenges in these segments.
Gross margin for Q4 2025 was at the midpoint of guidance but showed a dip due to changes in product mix and evaluation systems.
The company faces tariff headwinds, impacting gross margins by approximately 100 basis points.
Scientific and other revenue is expected to decline by about 33% in 2026 due to the absence of large quantum computing orders.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VECO.OQ - Veeco Instruments Inc
Q4 2025 Veeco Instruments Inc Earnings Call
Feb 25, 2026 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Vico 4th quarter in full year 2025 earnings call. At this time, all participants are in a listen-only mode. It's now my pleasure to introduce your host, Alex Delacroix, head of investor relations.

Thank you. You may begin.

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Unidentified_2 [2]
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Thank you and good afternoon, everyone. Joining me on the call today are Bill Miller, VCO's Chief Executive Officer, and John Kernan, our Chief Financial Officer. Today's earnings release and slide presentation to accompany today's webcast is available on the VEO website.

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