Veeco Instruments Inc. (VECO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 158.34M | 165.02M | 165.88M | 166.1M | 167.29M | 182.13M | 184.81M | 175.88M | 174.48M | 173.92M | 177.37M | 161.64M | 153.5M | 153.8M | 171.91M | 164M | 156.43M | 152.97M | 150.25M | 146.34M |
| Revenue Growth % | -5.35% | -9.4% | -10.24% | -5.56% | -4.12% | 4.72% | 4.2% | 8.81% | 13.67% | 13.09% | 3.17% | -1.44% | -1.87% | 0.54% | 14.42% | 12.06% | 16.99% | 10.09% | 34.05% | 48.37% |
| Cost of Goods Sold | 102.51M | 103.73M | 98.95M | 97.38M | 98.83M | 108.15M | 105.6M | 100.49M | 99.06M | 95.27M | 100.49M | 94.13M | 91.49M | 90.88M | 101.96M | 99.73M | 90.41M | 88.95M | 87.08M | 86.18M |
| COGS % of Revenue | 64.74% | 62.86% | 59.65% | 58.62% | 59.07% | 59.38% | 57.14% | 57.14% | 56.78% | 54.78% | 56.66% | 58.23% | 59.6% | 59.09% | 59.31% | 60.81% | 57.8% | 58.15% | 57.96% | 58.89% |
| Gross Profit | 55.83M | 61.28M | 66.93M | 68.73M | 68.47M | 73.98M | 79.21M | 75.39M | 75.42M | 78.66M | 76.88M | 67.51M | 62.02M | 62.92M | 69.95M | 64.27M | 66.01M | 64.02M | 63.17M | 60.17M |
| Gross Margin % | 35.26% | 37.14% | 40.35% | 41.38% | 40.93% | 40.62% | 42.86% | 42.86% | 43.22% | 45.22% | 43.34% | 41.77% | 40.4% | 40.91% | 40.69% | 39.19% | 42.2% | 41.85% | 42.04% | 41.11% |
| Gross Profit Growth % | -18.46% | -17.17% | -15.5% | -8.84% | -9.22% | -5.94% | 3.04% | 11.67% | 21.61% | 25.01% | 9.9% | 5.05% | -6.05% | -1.73% | 10.74% | 6.82% | 20.21% | 12.63% | 28.54% | 43.61% |
| Operating Expenses | 58.49M | 62.77M | 56.25M | 56.36M | 54.32M | 70.11M | 54.88M | 58.67M | 53.37M | 54.47M | 54.61M | 53.82M | 52.21M | 49.53M | 52.39M | 51.44M | 49.5M | 46.4M | 46.75M | 46.91M |
| OpEx % of Revenue | 36.94% | 38.04% | 33.91% | 33.93% | 32.47% | 38.49% | 29.69% | 33.36% | 30.59% | 31.32% | 30.79% | 33.3% | 34.01% | 32.2% | 30.47% | 31.37% | 31.64% | 30.33% | 31.12% | 32.06% |
| Selling, General & Admin | 26.02M | 22.69M | 27.26M | 23.93M | 25.03M | 25.08M | 25.29M | 24.59M | 24.7M | 23.49M | 22.81M | 23.82M | 22.63M | 20.96M | 22.14M | 22.95M | 22.89M | 21.21M | 21.6M | 21.47M |
| SG&A % of Revenue | 16.43% | 13.75% | 16.44% | 14.4% | 14.96% | 13.77% | 13.69% | 13.98% | 14.16% | 13.51% | 12.86% | 14.74% | 14.74% | 13.63% | 12.88% | 13.99% | 14.64% | 13.87% | 14.38% | 14.67% |
| Research & Development | 29.88M | 30.58M | 28.99M | 31.56M | 28.51M | 30.95M | 32.22M | 31.7M | 29.64M | 29.09M | 28.82M | 27.38M | 27.56M | 26.33M | 27.1M | 26.02M | 24.12M | 22.28M | 22M | 22.55M |
| R&D % of Revenue | 18.87% | 18.53% | 17.48% | 19% | 17.04% | 16.99% | 17.43% | 18.02% | 16.99% | 16.73% | 16.25% | 16.94% | 17.96% | 17.12% | 15.77% | 15.86% | 15.42% | 14.57% | 14.64% | 15.41% |
| Other Operating Expenses | 1000K | 1000K | 0 | 870K | 777K | 1000K | -1000K | 1000K | -968K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -2.66M | -1.49M | 10.68M | 12.37M | 14.15M | 3.88M | 24.34M | 16.72M | 22.05M | 24.18M | 22.26M | 13.69M | 9.81M | 13.39M | 17.56M | 12.82M | 16.52M | 17.63M | 16.42M | 13.25M |
| Operating Margin % | -1.68% | -0.9% | 6.44% | 7.45% | 8.46% | 2.13% | 13.17% | 9.51% | 12.63% | 13.9% | 12.55% | 8.47% | 6.39% | 8.71% | 10.22% | 7.82% | 10.56% | 11.52% | 10.93% | 9.06% |
| Operating Income Growth % | -118.79% | -138.46% | -56.11% | -26.03% | -35.82% | -83.96% | 9.31% | 22.17% | 124.81% | 80.58% | 26.75% | 6.75% | -40.63% | -24.02% | 6.99% | -3.24% | 75.43% | 66.18% | 135.02% | 3140.1% |
| EBITDA | -2.66M | 8.61M | 15.55M | 17.47M | 19.18M | 9.86M | 30.49M | 23.32M | 28.45M | 30.53M | 28.49M | 19.85M | 16.08M | 19.94M | 23.91M | 19.33M | 22.76M | 24.05M | 22.89M | 19.73M |
| EBITDA Margin % | -1.68% | 5.22% | 9.38% | 10.52% | 11.47% | 5.41% | 16.5% | 13.26% | 16.31% | 17.55% | 16.06% | 12.28% | 10.48% | 12.96% | 13.91% | 11.79% | 14.55% | 15.72% | 15.24% | 13.48% |
| EBITDA Growth % | -113.86% | -12.66% | -48.99% | -25.1% | -32.57% | -67.7% | 7.03% | 17.52% | 76.91% | 53.14% | 19.11% | 2.66% | -29.33% | -17.1% | 4.47% | -2.01% | 40.16% | 31.54% | 56.43% | 144.86% |
| D&A (Non-Cash Add-back) | 0 | 10.11M | 4.87M | 5.1M | 5.04M | 5.98M | 6.15M | 6.6M | 6.41M | 6.35M | 6.22M | 6.16M | 6.28M | 6.54M | 6.35M | 6.51M | 6.24M | 6.42M | 6.48M | 6.48M |
| EBIT | -2.66M | 2.08M | 14.04M | 14.91M | 17.49M | 7.13M | 27.54M | 19.84M | 25.37M | 27.25M | 25.29M | -80.98M | 11.88M | 14.72M | 18.14M | 13.04M | 16.61M | 14.49M | 16.51M | 13.49M |
| Net Interest Income | 0 | 1.27M | 1.32M | 905K | 836K | 476K | 323K | 349K | 705K | 0 | 247K | -632K | -802K | -1.56M | -2.31M | -2.63M | -2.8M | -5.8M | -7.01M | -6.58M |
| Interest Income | 0 | 3.45M | 3.48M | 3.19M | 3.34M | 3.25M | 3.2M | 3.12M | 3.32M | 3.06M | 3.02M | 2.42M | 2.07M | 1.33M | 571K | 213K | 89K | 1.88M | 95K | 235K |
| Interest Expense | 1.18M | 2.18M | 2.16M | 2.29M | 2.51M | 2.78M | 2.88M | 2.77M | 2.62M | 3.06M | 2.78M | 3.05M | 2.88M | 2.88M | 2.89M | 2.85M | 2.89M | 7.67M | 7.11M | 6.82M |
| Other Income/Expense | 1.18M | 1.4M | 1.19M | 252K | 836K | 476K | 323K | 349K | 705K | 0 | 247K | -97.72M | -802K | -1.56M | -2.31M | -2.63M | -2.8M | -10.81M | -7.01M | -6.58M |
| Pretax Income | -1.48M | -94K | 11.88M | 12.62M | 14.98M | 4.36M | 24.66M | 17.07M | 22.75M | 24.18M | 22.51M | -84.03M | 9M | 11.83M | 15.25M | 10.19M | 13.71M | 6.82M | 9.4M | 6.67M |
| Pretax Margin % | -0.94% | -0.06% | 7.16% | 7.6% | 8.96% | 2.39% | 13.34% | 9.71% | 13.04% | 13.9% | 12.69% | -51.99% | 5.87% | 7.69% | 8.87% | 6.21% | 8.77% | 4.46% | 6.26% | 4.56% |
| Income Tax | -1.16M | -1.21M | 1.28M | 889K | 3.04M | -10.61M | 2.71M | 2.13M | 896K | 2.55M | -2.06M | 1.28M | 263K | -117.08M | 208K | 533K | 384K | -1.39M | 411K | 319K |
| Effective Tax Rate % | 78.15% | 1285.11% | 10.77% | 7.04% | 20.27% | -243.63% | 10.98% | 12.46% | 3.94% | 10.53% | -9.17% | -1.53% | 2.92% | -989.37% | 1.36% | 5.23% | 2.8% | -20.35% | 4.37% | 4.78% |
| Net Income | -324K | 1.11M | 10.6M | 11.73M | 11.95M | 14.96M | 21.95M | 14.94M | 21.85M | 21.64M | 24.57M | -85.32M | 8.74M | 128.92M | 15.04M | 9.65M | 13.33M | 8.2M | 8.99M | 6.35M |
| Net Margin % | -0.2% | 0.68% | 6.39% | 7.06% | 7.14% | 8.22% | 11.88% | 8.5% | 12.52% | 12.44% | 13.86% | -52.78% | 5.69% | 83.82% | 8.75% | 5.89% | 8.52% | 5.36% | 5.99% | 4.34% |
| Net Income Growth % | -102.71% | -92.56% | -51.73% | -21.49% | -45.33% | -30.84% | -10.67% | 117.52% | 150.02% | -83.22% | 63.38% | -983.69% | -34.43% | 1471.57% | 67.25% | 52.1% | 434.48% | 8221.78% | 1450.52% | 176.46% |
| Net Income (Continuing) | -324K | 1.11M | 10.6M | 11.73M | 11.95M | 14.96M | 21.95M | 14.94M | 21.85M | 21.64M | 24.57M | -85.32M | 8.74M | 128.92M | 15.04M | 9.65M | 13.33M | 8.2M | 8.99M | 6.35M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | 0.02 | 0.17 | 0.20 | 0.20 | 0.26 | 0.36 | 0.25 | 0.37 | 0.36 | 0.42 | -1.61 | 0.17 | 2.01 | 0.27 | 0.18 | 0.24 | 0.15 | 0.17 | 0.12 |
| EPS Growth % | -105% | -93.04% | -52.78% | -20% | -45.95% | -27.78% | -14.29% | 115.53% | 117.65% | -82.09% | 55.56% | -994.44% | -29.17% | 1240% | 58.82% | 50% | 380% | - | 1600% | 170.59% |
| EPS (Basic) | -0.01 | 0.02 | 0.18 | 0.20 | 0.21 | 0.27 | 0.40 | 0.27 | 0.39 | 0.39 | 0.44 | -1.61 | 0.19 | 2.65 | 0.27 | 0.18 | 0.24 | 0.17 | 0.18 | 0.13 |
| Diluted Shares Outstanding | 60.41M | 60.59M | 60.95M | 60.24M | 60.23M | 60.5M | 62.65M | 62.53M | 60.76M | 59.82M | 59.64M | 52.86M | 59.86M | 65.68M | 65.15M | 59.45M | 65.28M | 54.93M | 53.85M | 53.94M |
| Basic Shares Outstanding | 60.41M | 59.3M | 60.08M | 59.08M | 57.75M | 56.43M | 56.41M | 56.28M | 55.97M | 55.54M | 55.35M | 52.86M | 52.23M | 49.91M | 65.15M | 59.45M | 65.28M | 49.19M | 49.02M | 48.74M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |