Veeco Instruments Inc. (VECO) Revenue History
Annual and quarterly revenue from 1993 to present
VECO Revenue Over Time (1993–2025)
VECO Revenue Growth History
23 of 32 years with positive growth- FY1993 revenue growth
- N/A
- FY1994 revenue growth
- +14.6%
- FY1995 revenue growth
- +46.6%
- FY1996 revenue growth
- +33.7%
- FY1997 revenue growth
- +70.9%
- FY1998 revenue growth
- +25.0%
- FY1999 revenue growth
- +19.2%
- FY2000 revenue growth
- +56.8%
- FY2001 revenue growth
- +16.2%
- FY2002 revenue growth
- -33.5%
- FY2003 revenue growth
- -6.5%
- FY2004 revenue growth
- +39.8%
- FY2005 revenue growth
- +5.1%
- FY2006 revenue growth
- +7.5%
- FY2007 revenue growth
- -8.7%
- FY2008 revenue growth
- +10.0%
- FY2009 revenue growth
- -14.2%
- FY2010 revenue growth
- +145.5%
- FY2011 revenue growth
- +4.9%
- FY2012 revenue growth
- -47.3%
- FY2013 revenue growth
- -35.7%
- FY2014 revenue growth
- +18.4%
- FY2015 revenue growth
- +21.4%
- FY2016 revenue growth
- -30.3%
- FY2017 revenue growth
- +45.8%
- FY2018 revenue growth
- +11.8%
- FY2019 revenue growth
- -22.6%
- FY2020 revenue growth
- +8.3%
- FY2021 revenue growth
- +28.4%
- FY2022 revenue growth
- +10.8%
- FY2023 revenue growth
- +3.1%
- FY2024 revenue growth
- +7.6%
- FY2025 revenue growth
- -7.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $158.3M | -5.4% |
| Q4 2025 | $165.0M | -9.4% |
| Q3 2025 | $165.9M | -10.2% |
| Q2 2025 | $166.1M | -5.6% |
| Q1 2025 | $167.3M | -4.1% |
| Q4 2024 | $182.1M | +4.7% |
| Q3 2024 | $184.8M | +4.2% |
| Q2 2024 | $175.9M | +8.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
VECO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VECO Revenue Analysis (1993–2025)
Current Revenue & Growth
As of June 21, 2026, Veeco Instruments Inc. (VECO) generated trailing twelve-month (TTM) revenue of $655.3 million, reflecting moderate decline in growth of -5.4% year-over-year. The most recent quarter (Q1 2026) recorded $158.3 million in revenue, down 4.0% sequentially.
Historical Growth Trajectory
VECO's 5-year compound annual growth rate (CAGR) stands at +7.9%, indicating steady revenue expansion. The 3-year CAGR of +0.9% is below the 5-year average, signalling a growth deceleration in recent years. Veeco Instruments Inc.'s highest annual revenue of $979.1 million was recorded in 2011.
Revenue by Segment
VECO's revenue is primarily driven by Semiconductor (72%), Scientific And Other (13%), and Compound Semiconductor (9%). With over half of revenue concentrated in Semiconductor, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including UCTT (-3.2% YoY), ACMR (+19.7% YoY), and ONTO (-1.5% YoY) — VECO has underperformed the peer group in revenue growth. Compare VECO vs UCTT →
VECO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VECOCurrent | $655M | -5.4% | +7.9% | 5.4% | |
 UCTT | $2.1B | -3.2% | +8.0% | 2.1% | |
 ACMR | $901M | +19.7% | +41.9% | 12.1% | |
 ONTO | $1.0B | -1.5% | +12.6% | 13.2% | |
 AXTI | $88M | -11.1% | -1.5% | -24.9% | |
 COHU | $453M | +23.1% | -6.6% | -13.3% |
VECO Historical Revenue Data (1993–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $664.3M | -7.4% | $265.4M | 40.0% | $35.7M | 5.4% |
| 2024 | $717.3M | +7.6% | $304.0M | 42.4% | $67.0M | 9.3% |
| 2023 | $666.4M | +3.1% | $285.1M | 42.8% | $69.9M | 10.5% |
| 2022 | $646.1M | +10.8% | $263.1M | 40.7% | $60.3M | 9.3% |
| 2021 | $583.3M | +28.4% | $242.3M | 41.5% | $56.7M | 9.7% |
| 2020 | $454.2M | +8.3% | $194.3M | 42.8% | $22.6M | 5.0% |
| 2019 | $419.3M | -22.6% | $158.2M | 37.7% | $-39,578,000 | -9.4% |
| 2018 | $542.1M | +11.8% | $193.7M | 35.7% | $-415,502,000 | -76.6% |
| 2017 | $484.8M | +45.8% | $184.3M | 38.0% | $-63,778,000 | -13.2% |
| 2016 | $332.5M | -30.3% | $132.9M | 40.0% | $-120,402,000 | -36.2% |
| 2015 | $477.0M | +21.4% | $177.2M | 37.2% | $-23,232,000 | -4.9% |
| 2014 | $392.9M | +18.4% | $134.9M | 34.3% | $-79,209,000 | -20.2% |
| 2013 | $331.7M | -35.7% | $103.1M | 31.1% | $-71,812,000 | -21.6% |
| 2012 | $516.0M | -47.3% | $215.1M | 41.7% | $37.2M | 7.2% |
| 2011 | $979.1M | +4.9% | $474.3M | 48.4% | $276.3M | 28.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
33+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VECO — Frequently Asked Questions
Quick answers to the most common questions about buying VECO stock.
Is VECO's revenue growth accelerating or slowing?
VECO revenue is declining -5.4% year-over-year. TTM revenue fell to $655M, contrasting with the 5-year CAGR of +7.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is VECO's revenue history from 1993 to 2026?
Veeco Instruments Inc. (VECO) revenue history spans 1993 to 2026. TTM revenue as of 2026 is $655M, growing at -5.4% YoY. The 5-year CAGR is +7.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VECO's long-term revenue growth rate (CAGR)?
Veeco Instruments Inc.'s 5-year revenue CAGR of +7.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -5.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VECO.
Why does VECO's quarterly revenue fluctuate?
VECO quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Veeco Instruments Inc.'s revenue data from 1993 to 2026 shows full historical quarterly detail on this page.
How is VECO's revenue distributed by segment?
VECO reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VECO's revenue compare to industry peers?
Veeco Instruments Inc. (VECO) with TTM revenue of $655M and -5.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.