AI Earnings Predictions for Veeco Instruments Inc. (VECO)

EX-99.1

2 veco-ex99d1.htm

EX-99.1

EXHIBIT 99.1

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VEECO REPORTS THIRD QUARTER 2026 FINANCIAL RESULTS

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Third Quarter 2026 Highlights:

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●Revenue of $209.4 million, compared with $165.9 million in the same period last year

●GAAP net income of $13.6 million, or $0.21 per diluted share, compared with $10.6 million, or $0.17 earnings per diluted share in the same period last year

●Non-GAAP net income of $24.1 million, or $0.36 per diluted share, compared with $21.8 million, or $0.36 per diluted share in the same period last year

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Plainview, N.Y., November 4, 2026 -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its third quarter ended September 30, 2026. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

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U.S. Dollars in millions, except per share data

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GAAP Results

Q3 '26

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Q3 '25

Revenue

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$

209.4

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$

165.9

Net income

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$

13.6

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$

10.6

Diluted earnings per share

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$

0.21

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$

0.17

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Non-GAAP Results

Q3 '26

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Q3 '25

Operating income

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$

25.2

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$

23.1

Net income

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$

24.1

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$

21.8

Diluted earnings per share

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$

0.36

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$

0.36

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“Veeco’s third-quarter performance reflects solid execution and significant opportunities across our business,” said Bill Miller, Ph.D., Veeco’s Chief Executive Officer. “AI infrastructure investment is accelerating technology transitions across leading-edge logic and memory, advanced packaging, and high-speed optical connectivity. This is driving unprecedented customer engagement and order activity across our differentiated portfolio. With greater visibility and strategic investments to expand our manufacturing capacity, we believe Veeco is well positioned to exceed one billion dollars in revenue for the full year 2027.”

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Guidance and Outlook

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The following guidance is provided for Veeco’s fourth quarter 2026:

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●Revenue is expected in the range of $230 million to $260 million

●GAAP diluted earnings per share are expected in the range of $0.34 to $0.53

●Non-GAAP diluted earnings per share are expected in the range of $0.50 to $0.70

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The following revised guidance is provided for Veeco’s fiscal year 2026:

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●Revenue is expected in the range of $790 million to $820 million

●GAAP diluted earnings per share are expected in the range of $0.72 to $0.92

●Non-GAAP diluted earnings per share are expected in the range of $1.32 to $1.52

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Conference Call Information

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A conference call reviewing these results has been scheduled for today, November 4, 2026 starting at 5:00pm ET. To join the call, dial 1-877-407-8029 (toll-free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of the webcast will be made available on the Veeco website that evening. We will post an accompanying slide presentation to our website prior to the beginning of the call.

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About Veeco

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Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco’s systems and service offerings, visit www.veeco.com.

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No Offer or Solicitation

This communication is not intended to and shall not constitute an offer to purchase or the solicitation of an offer to buy or sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Forward-looking Statements

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This press release contains “forward-looking statements”, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended, that are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements include, but are not limited to, those regarding anticipated growth and trends in our businesses and markets, including trends related to artificial intelligence and high

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