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AI brief of an SEC Form 8-K · Veeco Instruments (VECO)

Veeco Q1 revenue falls to $158.3 million and swings to a GAAP net loss

Negative Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyVeeco Instruments (VECO)
Form8-K, current report
Filed with the SECMay 5, 2026, 4:15 PM ET
Accession number0001104659-26-055640

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.