VECO
Veeco Instruments Inc.
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
48.34
▲ 1.14 (2.42%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
47.48
Prev close
47.20
Day high
48.07
Day low
46.02
Volume
363.73K
Market cap
$2.92B
P/E (TTM)
125.95
52W range
23.31 – 86.63
Insider net activity
Net shares
+116.07K
Net buying
Buy transactions
30
744.02K shares
Sell transactions
17
627.95K shares
Net transactions
+47
Buys less sells
Sell : buy shares
0.8 : 1
Mixed
Insider-held shares
1.32M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 17, 26 | MILLER WILLIAM JOHN Chief Executive Officer |
SELL | 200.00K | $10.84M | Direct |
| Aug 13, 26 | RAYMOND MARY JANE Director |
STOCK | 3.00K | $0 | Direct |
| Aug 10, 26 | KIERNAN JOHN P Chief Financial Officer |
SELL | 35.00K | $1.79M | Indirect |
| Jun 11, 26 | WILKERSON SUSAN L Officer |
SELL | 15.51K | $1.08M | Direct |
| Jun 9, 26 | DEVASAHAYAM ADRIAN Officer |
SELL | 10.00K | $650.00K | Direct |
| Jun 9, 26 | HUNTER GORDON Director |
SELL | 16.97K | $1.17M | Direct |
| Jun 4, 26 | HUNTER GORDON Director |
SELL | 6.75K | $430.64K | Direct |
| Jun 2, 26 | MILLER WILLIAM JOHN Chief Executive Officer |
SELL | 50.00K | $2.93M | Direct |
| May 26, 26 | WILKERSON SUSAN L Officer |
SELL | 35.72K | $2.20M | Direct |
| May 26, 26 | DEVASAHAYAM ADRIAN Officer |
SELL | 5.41K | $334.37K | Direct |
| May 26, 26 | HUNTER GORDON Director |
SELL | 17.71K | $1.09M | Direct |
| May 14, 26 | D AMORE RICHARD A Director |
SELL | 43.70K | $2.65M | Direct |
| May 12, 26 | HUNTER GORDON Director |
SELL | 29.53K | $1.75M | Direct |
| May 11, 26 | ST DENNIS THOMAS Director |
SELL | 1.40K | $86.70K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BAYLESS KATHLEEN ANN CPA., |
Director | 71.58K | Stock Award(Grant) |
CHAND SUJEET |
Director | 33.08K | Stock Award(Grant) |
D AMORE RICHARD A |
Director | 112.59K | Sale |
DEVASAHAYAM ADRIAN |
Officer | 85.11K | Sale |
JACKSON KEITH DAVID |
Director | 86.15K | Stock Award(Grant) |
KIERNAN JOHN P |
Chief Financial Officer | — | Sale |
MILLER WILLIAM JOHN |
Chief Executive Officer | 169.57K | Sale |
PORSHNEV PETER |
Chief Technology Officer | 195.06K | Conversion of Exercise of derivative security |
ST DENNIS THOMAS |
Director | 61.70K | Sale |
WILKERSON SUSAN L |
Officer | 27.47K | Sale |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.41
Call-heavy session
Put / call open interest
0.92
Positioning, not flow
Max pain
50.00
+4.5% from spot
ATM implied vol
70.7%
Nearest strike to spot
Skew (10% OTM)
-7.1%
Calls bid over puts
Call volume
27
Contracts, this expiry
Put volume
11
Contracts, this expiry
Heaviest call OI
60.00
46 contracts
Heaviest put OI
40.00
50 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
-8.66%
-7.3%
1M
-12.31%
-16.0%
3M
-17.11%
-20.2%
6M
+63.23%
+52.2%
YTD
+67.46%
+55.2%
1Y
+100.25%
+80.3%
3Y
+66.59%
-7.6%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$2.92B
Enterprise value$2.76B
Revenue (TTM)$682.72M
Gross profit$258.88M
EBITDA$49.67M
Net income$23.24M
EPS (TTM)$0.38
Free cash flow$72.05M
Total cash$429.40M
Total debt$261.19M
Book value / share$14.77
Shares outstanding61.03M
Float60.13M
Short % of float15.84%
Dividend yield—
Beta (5Y)1.39
Short interest
Shares short
5.92M
Prior 6.96M
Change vs prior
-14.9%
Shorts covering
% of float
15.84%
Elevated
% of shares out
9.69%
Against total outstanding
Days to cover
5.4
Crowded exit
Float
60.13M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E125.95
Forward P/E16.47
PEG ratio0.81
Price / sales—
Price / book3.24
EV / revenue4.04
EV / EBITDA55.52
Gross margin37.92%
Operating margin6.88%
Profit margin3.40%
Return on equity2.64%
Return on assets1.39%
Debt / equity28.93
Current ratio3.93
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $664.29M | $717.30M | $666.43M | $646.14M | -7.4% |
| Operating revenue | $664.29M | $717.30M | $666.43M | $646.14M | -7.4% |
| Cost of revenue | $398.88M | $413.30M | $381.38M | $382.99M | -3.5% |
| Gross profit | $265.41M | $304.00M | $285.06M | $263.15M | -12.7% |
| Research & development | $119.64M | $124.51M | $112.85M | $103.56M | -3.9% |
| Selling, general & admin | $98.91M | $99.66M | $92.76M | $88.95M | -0.8% |
| Total operating expense | $220.79M | $208.89M | $215.12M | $202.85M | +5.7% |
| Operating income | $44.62M | $95.11M | $69.94M | $60.30M | -53.1% |
| Net interest income | $4.33M | $1.85M | -$1.19M | -$9.31M | +133.8% |
| Pre-tax income | $39.39M | $68.83M | -$28.34M | $50.98M | -42.8% |
| Tax provision | $4.00M | -$4.88M | $2.03M | -$115.96M | +181.9% |
| Net income | $35.39M | $73.71M | -$30.37M | $166.94M | -52.0% |
| Net income to common | $35.77M | $75.77M | -$30.37M | $177.77M | -52.8% |
| Basic EPS | 0.60 | 1.31 | -0.56 | 3.35 | -54.2% |
| Diluted EPS | 0.59 | 1.23 | -0.56 | 2.71 | -52.0% |
| EBIT | $48.52M | $79.88M | -$16.57M | $62.49M | -39.3% |
| EBITDA | $68.54M | $105.02M | $8.40M | $88.14M | -34.7% |
| Basic shares | 59.30M | 56.43M | 53.77M | 49.91M | +5.1% |
| Diluted shares | 60.59M | 61.60M | 53.77M | 65.61M | -1.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $163.47M | $145.59M | $158.78M | $154.93M | +12.3% |
| Cash & short-term investments | $390.23M | $344.31M | $305.44M | $302.41M | +13.3% |
| Accounts receivable | $110.69M | $96.83M | $103.02M | $124.22M | +14.3% |
| Inventory | $275.30M | $246.74M | $237.63M | $206.91M | +11.6% |
| Total current assets | $845.34M | $764.53M | $706.28M | $668.90M | +10.6% |
| Property, plant & equipment | $133.25M | $140.29M | $142.84M | $133.75M | -5.0% |
| Goodwill & intangibles | $220.66M | $223.80M | $258.91M | $205.83M | -1.4% |
| Total assets | $1.33B | $1.25B | $1.23B | $1.13B | +5.9% |
| Total current liabilities | $178.06M | $192.28M | $218.03M | $257.90M | -7.4% |
| Current debt | — | $26.50M | — | $20.17M | — |
| Long-term debt | $226.01M | $249.70M | $274.94M | $254.49M | -9.5% |
| Total debt | $262.01M | $314.27M | $310.50M | $311.57M | -16.6% |
| Total liabilities | $440.29M | $480.81M | $556.60M | $550.36M | -8.4% |
| Retained earnings | -$423.06M | -$458.45M | -$532.17M | -$501.80M | +7.7% |
| Shareholder equity | $885.51M | $770.77M | $672.44M | $577.82M | +14.9% |
| Working capital | $667.28M | $572.25M | $488.25M | $411.00M | +16.6% |
| Net tangible assets | $664.85M | $546.97M | $413.53M | $371.99M | +21.6% |
| Shares issued | 60.39M | 56.83M | 56.36M | 51.66M | +6.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $35.39M | $73.71M | -$30.37M | $166.94M | -52.0% |
| Depreciation & amortisation | $20.02M | $25.14M | $24.97M | $25.64M | -20.4% |
| Stock-based compensation | $37.05M | $35.88M | $28.56M | $22.99M | +3.3% |
| Change in working capital | -$20.18M | -$70.74M | -$58.50M | $9.98M | +71.5% |
| Operating cash flow | $69.49M | $63.81M | $61.67M | $108.48M | +8.9% |
| Capital expenditure | -$16.20M | -$18.11M | -$27.93M | -$24.60M | +10.6% |
| Investing cash flow | -$41.48M | -$64.55M | -$53.33M | -$68.88M | +35.7% |
| Financing cash flow | -$10.47M | -$12.58M | -$4.68M | -$4.55M | +16.8% |
| Free cash flow | $53.29M | $45.70M | $33.74M | $83.88M | +16.6% |
| End cash position | $163.47M | $145.82M | $159.12M | $155.47M | +12.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $158.34M | $165.02M | $165.88M | $166.10M | $167.29M | -4.0% |
| Operating revenue | $158.34M | $165.02M | $165.88M | $166.10M | $167.29M | -4.0% |
| Cost of revenue | $102.51M | $104.50M | $98.18M | $97.38M | $98.83M | -1.9% |
| Gross profit | $55.83M | $60.51M | $67.70M | $68.73M | $68.47M | -7.7% |
| Research & development | $29.88M | $30.58M | $28.99M | $31.56M | $28.51M | -2.3% |
| Selling, general & admin | $26.02M | $22.69M | $27.26M | $23.93M | $25.03M | +14.7% |
| Total operating expense | $56.47M | $52.97M | $57.15M | $56.36M | $54.32M | +6.6% |
| Operating income | -$646.00K | $7.54M | $10.55M | $12.37M | $14.15M | -108.6% |
| Net interest income | $1.18M | $1.27M | $1.32M | $905.00K | $836.00K | -7.6% |
| Pre-tax income | -$1.48M | -$94.00K | $11.88M | $12.62M | $14.98M | -1,477.7% |
| Tax provision | -$1.16M | -$1.21M | $1.28M | $889.00K | $3.04M | +4.1% |
| Net income | -$324.00K | $1.11M | $10.60M | $11.73M | $11.95M | -129.1% |
| Net income to common | -$324.00K | $1.11M | $10.60M | $11.86M | $12.20M | -129.1% |
| Basic EPS | -0.01 | 0.02 | 0.18 | 0.20 | 0.21 | -150.0% |
| Diluted EPS | -0.01 | 0.02 | 0.17 | 0.20 | 0.20 | -150.0% |
| EBIT | $618.00K | $2.08M | $14.04M | $14.91M | $17.49M | -70.3% |
| EBITDA | $5.66M | $7.06M | $18.94M | $20.01M | $22.52M | -19.9% |
| Basic shares | 60.41M | 60.14M | 60.08M | 59.08M | 57.75M | +0.5% |
| Diluted shares | 60.41M | 61.52M | 60.95M | 60.24M | 60.23M | -1.8% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $179.53M | $163.47M | $193.19M | $188.90M | $174.90M | — | +9.8% |
| Cash & short-term investments | $383.33M | $390.23M | $369.32M | $354.79M | $353.29M | — | -1.8% |
| Accounts receivable | $150.52M | $110.69M | $116.47M | $106.52M | $114.37M | — | +36.0% |
| Inventory | $282.23M | $275.30M | $263.31M | $258.98M | $254.05M | — | +2.5% |
| Total current assets | $873.42M | $845.34M | $810.33M | $791.89M | $794.80M | — | +3.3% |
| Property, plant & equipment | $131.90M | $133.25M | $134.40M | $136.97M | $139.78M | — | -1.0% |
| Goodwill & intangibles | $219.96M | $220.66M | $221.38M | $222.15M | $222.97M | — | -0.3% |
| Total assets | $1.35B | $1.33B | $1.29B | $1.27B | $1.28B | — | +2.0% |
| Total current liabilities | $206.69M | $178.06M | $151.19M | $155.24M | $178.86M | — | +16.1% |
| Current debt | — | — | — | — | — | $26.50M | — |
| Long-term debt | $226.25M | $226.01M | $225.72M | $225.44M | $249.96M | — | +0.1% |
| Total debt | $261.49M | $262.01M | $262.43M | $262.77M | $287.46M | — | -0.2% |
| Total liabilities | $469.31M | $440.29M | $413.94M | $418.51M | $466.97M | — | +6.6% |
| Retained earnings | -$423.39M | -$423.06M | -$424.18M | -$434.77M | -$446.51M | — | -0.1% |
| Shareholder equity | $883.66M | $885.51M | $875.97M | $856.20M | $811.86M | — | -0.2% |
| Working capital | $666.73M | $667.28M | $659.15M | $636.65M | $615.95M | — | -0.1% |
| Net tangible assets | $663.71M | $664.85M | $654.59M | $634.04M | $588.88M | — | -0.2% |
| Shares issued | 61.03M | 60.39M | 60.16M | 60.16M | 58.29M | — | +1.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$324.00K | $1.11M | $10.60M | $11.73M | $11.95M | -129.1% |
| Depreciation & amortisation | $5.04M | $4.98M | $4.90M | $5.10M | $5.04M | +1.1% |
| Stock-based compensation | $8.51M | $9.04M | $9.14M | $9.65M | $9.21M | -5.9% |
| Change in working capital | -$4.45M | $13.84M | -$9.15M | -$16.84M | -$8.02M | -132.1% |
| Operating cash flow | $7.93M | $24.93M | $15.53M | $9.04M | $19.99M | -68.2% |
| Capital expenditure | -$5.10M | -$3.27M | -$2.58M | -$3.60M | -$6.75M | -56.0% |
| Investing cash flow | $17.69M | -$53.41M | -$12.13M | $9.54M | $14.52M | +133.1% |
| Financing cash flow | -$9.56M | -$1.31M | $820.00K | -$4.71M | -$5.28M | -631.3% |
| Free cash flow | $2.83M | $21.65M | $12.96M | $5.45M | $13.24M | -86.9% |
| End cash position | $179.53M | $163.47M | $193.22M | $188.99M | $175.07M | +9.8% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.28 | 0.33 | +16.1% |
| Mar 2026 | 0.23 | 0.14 | -39.2% |
| Dec 2025 | 0.26 | 0.24 | -8.0% |
| Sep 2025 | 0.28 | 0.36 | +28.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.43 | 4 | $213.33M | +28.6% |
| Next quarter | 0.60 | 4 | $235.05M | +42.4% |
| Current year | 1.51 | 5 | $776.86M | +16.9% |
| Next year | 2.91 | 5 | $1.02B | +31.9% |
Analyst targets & ownership
Mean target$61.33
High target$66.00
Low target$55.00
Implied upside26.88%
Analyst count3
ConsensusBUY
Strong buy / Buy0 / 1
Hold3
Sell / Strong sell0 / 0
Held by insiders2.15%
Held by institutions115.94%
Institutions holding438
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 10, 26 | Citigroup | MAINTAINED | Buy | Buy |
| May 19, 26 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| May 6, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Feb 26, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Nov 12, 25 | Citigroup | MAINTAINED | Buy | Buy |
| Oct 3, 25 | Needham | DOWNGRADE | Buy | Hold |
| Aug 7, 25 | Needham | MAINTAINED | Buy | Buy |
| Aug 7, 25 | Benchmark | MAINTAINED | Buy | Buy |
| May 9, 25 | Goldman Sachs | MAINTAINED | Neutral | Neutral |
| May 8, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 22, 25 | Barclays | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 13, 25 | Citigroup | MAINTAINED | Buy | Buy |
Moving averages & technicals
SMA 10
50.65
-4.57% from price
SMA 20
50.21
-4.68% from price
SMA 50
58.62
-18.36% from price
SMA 100
55.23
-12.47% from price
SMA 200
43.10
+11.05% from price
EMA 12
50.29
-3.87% from price
EMA 26
52.14
-7.29% from price
EMA 50
54.08
-10.62% from price
RSI (14)
41.8
Neutral
MACD (12,26,9)
-1.86
Hist -0.01
ATR (14)
3.21
6.71% of price
Realised vol 30D
75.4%
Annualised
Bollinger upper
56.13
20, 2σ
Bollinger lower
44.29
20, 2σ
50 / 200 cross
Golden
58.62 vs 43.10
Trend bias
Above 200
+11.05%
Risk profile
Beta vs SPY
2.47
More volatile than market
Correlation to SPY
0.47
Loosely linked
Realised vol 30D
75.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-48.2%
Peak to trough
Max drawdown 5Y
-64.2%
Peak to trough
ATR 14
3.21
6.71% of price
Beta (reported)
1.39
5Y monthly, from filing
SEC filings
Offering Registrations
S-8 · 2026-08-12
Periodic Financial Reports
10-Q · 2026-08-05
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-29
Corporate Changes & Voting Matters
8-K · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-05-05
Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions
425 · 2026-04-29
Proxy Statements
DEFA14A · 2026-03-19
Periodic Financial Reports
10-K · 2026-02-25
Headlines
Veeco Instruments Insider Sold Shares Worth $10,836,411, According to a Recent SEC Filing
MT Newswires · 3d ago
Own KLAC Stock? Here Is How To Collect 21% A Year On It
Trefis · 5d ago
Veeco (VECO) Q2 2026 Earnings Call Transcript
Motley Fool · 10d ago
Veeco Announces Upcoming Investor Events
GlobeNewswire · 11d ago
Veeco Instruments (VECO) Is Up 5.6% After Raising 2026 Outlook And Securing AI Packaging Orders
Simply Wall St. · 15d ago
VECO Q2 Earnings Beat Estimates on Strong AI-Driven Demand
Zacks · 16d ago
VECO Q2 Earnings Call Ties 2027 Growth to Capacity Spending
Zacks · 16d ago
Veeco Instruments Q2 Earnings Call Highlights
MarketBeat · 17d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.