VECO (Veeco Instruments) Research & Development: $121.0 Mil (TTM As of Mar. 2026)


VECO Veeco Instruments Inc VECO
56 GF Score
Price $75.53
GF Value $29.86
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Veeco Instruments Research & Development?

Veeco Instruments VECO +6.03% 56 Research & Development is $121.0 Mil as of Mar. 2026. GuruFocus rates VECO with a GF Score™ of 56/100 and a GF Value™ of $29.86 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Veeco Instruments's Research & Development for the three months ended in Mar. 2026 was $29.9 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $121.0 Mil.

Veeco Instruments  (NAS:VECO) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Veeco Instruments Research & Development Related Terms

Veeco Instruments Research & Development Historical Data

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The historical data trend for Veeco Instruments's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Veeco Instruments Research & Development Chart

Veeco Instruments Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 88.68 103.57 112.85 124.51 119.64

Veeco Instruments Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.51 31.56 28.99 30.58 29.88
VECO
56GF Score
Veeco Instruments Inc VECO
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Veeco Instruments Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $121.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $121.0 Mil mean?
Veeco Instruments (VECO) has a Research & Development of $121.0 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Veeco Instruments and its competitors.
Is Veeco Instruments' Research & Development too high?
Veeco Instruments' current Research & Development is $121.0 Mil. Overall, Veeco Instruments has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veeco Instruments' Research & Development compare to UCTT and AMBA?
Veeco Instruments' Research & Development of $121.0 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Veeco Instruments and its competitors. Veeco Instruments's current Research & Development is $121.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veeco Instruments stock overvalued right now?
Based on GuruFocus' analysis, Veeco Instruments (VECO) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.86, compared to a current price of $75.53 — trading 152.9% above its estimated fair value. The current Research & Development is $121.0 Mil. Veeco Instruments' overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Veeco Instruments (VECO), the current Research & Development is $121.0 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Veeco Instruments (VECO) Overvalued in 2026?

Based on GuruFocus' analysis, Veeco Instruments stock appears to be overvalued. The current stock price of $75.53 is trading 152.9% above its estimated GF Value™ of $29.86. GuruFocus considers Veeco Instruments to be Significantly Overvalued.

Key valuation signals for VECO:

  • Research & Development: $121.0 Mil
  • GF Value™: $29.86 vs. price of $75.53 (152.9% above fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the VECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Veeco Instruments Business Description

Other Exchanges VEO:Germany
Address Terminal Drive, Plainview, NY, USA, 11803
Veeco Instruments Inc is a United States-based company engaged in designing, developing, and manufacturing thin-film process equipment, mainly used for producing electronic devices. The company focuses on semiconductor process equipment that addresses a range of challenging materials engineering problems for its customers. Its products include Laser Processing Systems, Lithography Systems, Ion Beam Systems, SiC CVD Systems, MOCVD Systems, Wet Processing Systems, MBE Technologies, Atomic Layer Deposition Systems, Physical Vapor Deposition Systems, Dicing and Lapping Systems, as well as Gas & Vapor Delivery Systems. The maximum of the company's revenue is generated from sales to the Semiconductor Industry and within China.
56GF Score

Get the complete analysis for VECO

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$75.53
Price
$29.86
GF Value