Every material Form 8-K Veeco Instruments has filed with the SEC since November 06, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Veeco reported third-quarter 2026 revenue of $209.4 million, up from $165.9 million a year earlier, and GAAP net income of $13.6 million, or $0.21 per diluted share, up from $0.17. Non-GAAP diluted earnings per share were flat at $0.36, and the company revised its full-year 2026 guidance, which now projects revenue of $790 million to $820 million.
Q3 2026 revenue was $209.4 million, compared with $165.9 million in Q3 2025.
GAAP diluted EPS was $0.21 versus $0.17; non-GAAP diluted EPS was $0.36, unchanged from a year earlier.
Q4 2026 revenue is expected at $230 million to $260 million, with non-GAAP diluted EPS of $0.50 to $0.70.
Full-year 2026 revenue is now expected at $790 million to $820 million, with non-GAAP diluted EPS of $1.32 to $1.52.
Veeco and Axcelis said the previously announced all-stock merger is now expected to close by the end of the first quarter of 2027, subject to satisfying or waiving all closing conditions, and that there can be no assurance the closing will occur on this timeline. Closing still depends on pending regulatory approval from China's State Administration for Market Regulation and a new Hart-Scott-Rodino Act submission, because current clearance is set to expire. Each Veeco share will convert into 0.3575 Axcelis shares at closing.
Expected closing: by the end of the first quarter of 2027, subject to all closing conditions
Pending approval from China's State Administration for Market Regulation (SAMR); parties continue to work with SAMR
Current HSR Act clearance is pending expiry; parties plan to promptly make a new HSR submission
Exchange terms: each Veeco common share converts into 0.3575 Axcelis shares at closing
Veeco reported second quarter 2026 revenue of $193.5 million, up from $166.1 million a year earlier, but GAAP diluted earnings per share fell to $0.18 from $0.20 and non-GAAP diluted EPS fell to $0.33 from $0.36. The company gave third quarter revenue guidance of $200 million to $220 million and revised its full-year 2026 guidance to $780 million to $810 million in revenue, with the filing noting a pending merger with Axcelis.
Q2 2026 revenue was $193.5 million versus $166.1 million in Q2 2025; GAAP net income was $11.9 million versus $11.7 million.
Non-GAAP diluted EPS was $0.33 versus $0.36 a year earlier; merger costs were $1.5 million in the quarter.
Q3 2026 guidance: revenue of $200 million to $220 million and GAAP diluted EPS of $0.20 to $0.34.
Revised FY 2026 guidance: revenue of $780 million to $810 million and GAAP diluted EPS of $0.78 to $1.02; the filing does not state the prior full-year figures.
Veeco reported first-quarter 2026 revenue of $158.3 million, down from $167.3 million a year earlier, and a GAAP net loss of $0.3 million, or $0.01 per diluted share, compared with net income of $11.9 million, or $0.20 per share, in the prior-year quarter. Non-GAAP net income fell to $8.9 million, or $0.14 per share, from $22.2 million, or $0.37. The company guided second-quarter 2026 revenue to $170 million to $190 million and left its full-year 2026 guidance unchanged, while the filing notes a pending merger with Axcelis.
Q1 2026 revenue of $158.3 million vs. $167.3 million in Q1 2025
GAAP net loss of $0.3 million, or $(0.01) per diluted share, vs. net income of $11.9 million, or $0.20, a year earlier
Q2 2026 guidance: revenue $170 million to $190 million; non-GAAP diluted EPS $0.20 to $0.32
FY 2026 guidance unchanged: revenue $740 million to $800 million; non-GAAP diluted EPS $1.50 to $1.85
Veeco reported fourth-quarter 2025 revenue of $165.0 million, down from $182.1 million a year earlier, and GAAP net income of $1.1 million, or $0.02 per diluted share, versus $15.0 million, or $0.26, in the prior-year quarter. For fiscal 2026 it guided to revenue of $740 million to $800 million and GAAP diluted EPS of $0.83 to $1.17, while the pending merger with Axcelis continues.
Q4 2025 non-GAAP EPS was $0.24, versus $0.41 in Q4 2024; Q4 2025 merger costs were $6.3 million
Full-year 2025 revenue was $664.3 million, versus $717.3 million in 2024; GAAP diluted EPS was $0.59, versus $1.23
Q1 2026 guidance: revenue of $150 million to $170 million and GAAP diluted EPS of ($0.03) to $0.07
The company cited a planned merger with Axcelis as part of its growth outlook
Veeco reported third quarter 2025 revenue of $165.9 million and GAAP net income of $10.6 million, or $0.17 per diluted share, both down from the year-earlier quarter. The company guided fourth quarter 2025 revenue to $155 million to $175 million, while the pending merger with Axcelis Technologies continues.
Q3 2025 revenue $165.9 million vs $184.8 million in Q3 2024
Q3 2025 GAAP net income $10.6 million ($0.17 per diluted share) vs $22.0 million ($0.36)
Q3 2025 non-GAAP net income $21.8 million ($0.36 per diluted share) vs $28.3 million ($0.46)
Q4 2025 guidance: revenue $155 million to $175 million; GAAP EPS ($0.07) to $0.05
Veeco Instruments agreed on September 30, 2025 to merge into Axcelis Technologies in an all-stock deal, with Veeco becoming a wholly-owned subsidiary of Axcelis. Veeco shareholders will receive 0.3575 Axcelis shares for each Veeco share and will own about 41.6% of the combined company on a fully diluted basis. The merger is subject to shareholder votes, regulatory approvals including from China, and other conditions, and is expected to close in the second half of 2026.
Exchange ratio: 0.3575 newly issued Axcelis shares per Veeco share; Veeco holders to own 41.6% of the combined company
Combined enterprise value of approximately $4.4 billion; pro-forma 2024 revenue of $1.7 billion
Expected annual run-rate cost synergies of $35 million within 24 months; Veeco's $230 million 2029 convertible bonds to be assumed
Expected to close in the second half of 2026, subject to shareholder approval and regulatory approvals
Veeco reported second quarter 2025 results for the period ended June 30, 2025, with revenue of $166.1 million, down from $175.9 million a year earlier. GAAP diluted EPS was $0.20 versus $0.25, and non-GAAP diluted EPS was $0.36 versus $0.42, so both revenue and profit declined year over year. The company also gave third quarter revenue guidance of $150 million to $170 million, with non-GAAP diluted EPS expected at $0.20 to $0.35.
Q2 2025 revenue was $166.1 million, compared with $175.9 million in Q2 2024, and above the $135 million to $165 million range given on May 7, 2025
GAAP net income was $11.7 million, or $0.20 per diluted share, versus $14.9 million, or $0.25, a year earlier
Non-GAAP net income was $21.5 million, or $0.36 per diluted share, versus $25.4 million, or $0.42, a year earlier
Q3 2025 guidance: revenue of $150 million to $170 million; GAAP diluted EPS of $0.04 to $0.22
Veeco Instruments entered a Fourth Amendment to its loan and security agreement on June 16, 2025. The amendment raises its senior secured revolving credit facility by $25 million to $250 million, extends the termination date to June 16, 2030, and lowers borrowing margins. It also raises the maximum Secured Net Leverage Ratio covenant from 2.50 to 1.00 to 3.00 to 1.00, giving the company more room under its debt limits.
Revolving credit facility increased by $25 million to $250 million
Termination date extended from December 16, 2026 to June 16, 2030, with a springing maturity of March 2, 2029 if certain liquidity events occur
Maximum Secured Net Leverage Ratio covenant raised from 2.50 to 1.00 to 3.00 to 1.00
Incremental revolving loan capacity increased from $75 million to $100 million
Veeco reported first-quarter 2025 revenue of $167.3 million, down from $174.5 million a year earlier, and GAAP net income of $11.9 million, or $0.20 per diluted share, down from $21.9 million, or $0.37. For the second quarter, Veeco guided to revenue of $135 million to $165 million and GAAP diluted EPS of a $(0.05) loss to $0.17.
Q1 2025 revenue $167.3 million vs $174.5 million in Q1 2024
Q1 2025 non-GAAP net income $22.2 million, or $0.37 per diluted share, vs $0.45 a year earlier
Q2 2025 guidance: revenue $135 million to $165 million; non-GAAP diluted EPS $0.12 to $0.32
Cash and short-term investments totaled $353 million at March 31, 2025, per the presentation
Veeco reported fourth-quarter revenue of $182.1 million, up from $173.9 million a year earlier, and full-year 2024 revenue of $717.3 million, up from $666.4 million. Quarterly GAAP net income fell to $15.0 million from $21.6 million, and the company recorded a $28.1 million asset impairment; full-year GAAP results swung to net income of $73.7 million from a loss of $30.4 million. The company also guided first-quarter 2025 revenue to $155 million to $175 million.
Q4 2024 revenue was $182.1 million versus $173.9 million in Q4 2023; GAAP diluted EPS was $0.26 versus $0.37.
Q4 2024 non-GAAP diluted EPS was $0.41 versus $0.51 a year earlier.
Full-year 2024 GAAP diluted EPS was $1.23 versus a loss of $0.56; non-GAAP diluted EPS was $1.74 versus $1.69.
Q1 2025 guidance: revenue of $155 million to $175 million; GAAP diluted EPS of $0.11 to $0.22; non-GAAP diluted EPS of $0.26 to $0.36.
Veeco reported third quarter 2024 revenue of $184.8 million, up from $177.4 million a year earlier, while GAAP net income fell to $22.0 million from $24.6 million. The company also updated its full-year 2024 outlook, narrowing its revenue range to $700 million to $720 million and its non-GAAP EPS range to $1.68 to $1.78, which matters to shareholders because profit declined even as sales grew.
Q3 2024 revenue was $184.8 million versus $177.4 million in Q3 2023.
GAAP diluted EPS was $0.36 versus $0.42; non-GAAP diluted EPS was $0.46 versus $0.53.
Q4 2024 guidance: revenue of $165 million to $185 million and non-GAAP diluted EPS of $0.35 to $0.45.
Updated FY 2024 outlook: revenue of $700 million to $720 million, down from $690 million to $730 million; non-GAAP EPS of $1.68 to $1.78, down from $1.65 to $1.85.
Veeco reported second quarter 2024 revenue of $175.9 million, up from $161.6 million a year earlier, and GAAP net income of $14.9 million ($0.25 per diluted share) against a net loss of $85.3 million in the prior-year quarter. The company also narrowed its full-year 2024 outlook, with revenue now expected at $690 million to $730 million, down from $680 million to $740 million, and non-GAAP EPS at $1.65 to $1.85, down from $1.60 to $1.90.
Q2 2024 revenue $175.9 million vs. $161.6 million in Q2 2023; non-GAAP diluted EPS $0.42 vs. $0.36
GAAP net income $14.9 million ($0.25 diluted EPS) vs. net loss of $85.3 million a year earlier
Q3 2024 guidance: revenue $170 million to $190 million; non-GAAP diluted EPS $0.39 to $0.49
Updated FY 2024 outlook: revenue $690 million to $730 million; non-GAAP EPS $1.65 to $1.85
On August 2, 2024, Veeco entered a Third Amendment to its Loan and Security Agreement with HSBC Bank USA as administrative agent. The amendment increases the senior secured revolving credit facility by $75 million to $225 million and adds Citizens Bank, N.A. as a lender. The filing does not state the reason for the increase or any draw on the facility.
Revolving credit facility increased by $75 million, from an unstated prior amount to $225 million aggregate principal
Citizens Bank, N.A. joined the Loan and Security Agreement as a lender
Agreement is dated as of December 16, 2021, and was previously amended in May 2023 and March 2024
Veeco reported first quarter 2024 revenue of $174.5 million, up from $153.5 million a year earlier, and GAAP net income of $21.9 million, or $0.37 per diluted share, versus $8.7 million, or $0.17, in the prior-year quarter. The company guided second quarter 2024 revenue to $165 million to $185 million and non-GAAP diluted EPS to $0.38 to $0.48.
Q1 2024 revenue $174.5 million vs. $153.5 million in Q1 2023
Q1 2024 GAAP diluted EPS $0.37 vs. $0.17; non-GAAP diluted EPS $0.45 vs. $0.30
Q2 2024 guidance: revenue $165 million to $185 million; GAAP diluted EPS $0.22 to $0.33
Q1 2024 cash flow from operations was $9 million vs. $29 million in Q4 2023
Veeco reported fourth-quarter and full-year 2023 results on February 14, 2024. Revenue grew in both periods, and non-GAAP diluted EPS rose, but full-year GAAP results were a net loss of $30.4 million that included a $97.1 million loss tied to debt refinancing. The company also guided first-quarter 2024 revenue to $160 million to $180 million.
Q4 2023 revenue was $173.9 million, up from $153.8 million a year earlier; GAAP diluted EPS was $0.37 versus $2.00, a prior-year figure that included a $117.1 million income tax benefit
Q4 2023 non-GAAP diluted EPS was $0.51, compared with $0.38 in Q4 2022
FY 2023 revenue was $666.4 million versus $646.1 million; GAAP net loss was $30.4 million, or $0.56 per diluted share, and non-GAAP diluted EPS was $1.69 versus $1.57
Q1 2024 guidance: revenue of $160 million to $180 million; non-GAAP diluted EPS of $0.36 to $0.46
Veeco reported third-quarter 2023 revenue of $177.4 million, up from $171.9 million a year earlier, and GAAP net income of $24.6 million ($0.42 per diluted share), up from $15.0 million ($0.27). Its conference presentation raised the 2023 non-GAAP EPS outlook to $1.55 to $1.65 from $1.30 to $1.50, and the fourth-quarter revenue guidance is $155 million to $175 million.
Q3 2023 revenue $177.4 million vs $171.9 million in Q3 2022
GAAP diluted EPS $0.42 vs $0.27; non-GAAP diluted EPS $0.53 vs $0.45
Q4 2023 guidance: revenue $155 million to $175 million; non-GAAP diluted EPS $0.35 to $0.45
2023 non-GAAP EPS outlook raised to $1.55 to $1.65 from $1.30 to $1.50; nine-month GAAP net loss of $52.0 million reflects a $97 million loss on debt extinguishment
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