Semiconductor tools maker Veeco slightly misses Q4 revenue expectations

Reuters02-26 05:14
Semiconductor tools maker Veeco slightly misses Q4 revenue expectations

Overview

  • Semiconductor equipment maker's Q4 revenue slightly missed analyst expectations

  • Non-GAAP net income for Q4 missed analyst estimates

  • Company anticipates growth from AI and high-performance computing, plans Axcelis merger

Outlook

  • Veeco expects Q1 2026 revenue between $150 mln and $170 mln

  • Company forecasts FY 2026 revenue between $740 mln and $800 mln

  • Veeco anticipates FY 2026 GAAP EPS between $0.83 and $1.17

Result Drivers

  • BOOKINGS GROWTH - Veeco noted increased bookings in semiconductor and data storage markets, positioning for future growth

  • MERGER PLANS - Planned merger with Axcelis expected to enhance growth and strategic value

Company press release: ID:nGNX4HZ4vQ

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Slight Miss*

$165 mln

$165.10 mln (4 Analysts)

Q4 EPS

$0.02

Q4 Adjusted Net Income

Miss

$14.7 mln

$14.93 mln (4 Analysts)

Q4 Net Income

$1.1 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

  • Wall Street's median 12-month price target for Veeco Instruments Inc is $30.00, about 2.2% above its February 24 closing price of $29.36

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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