Veeco Instruments Inc. (VECO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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VECO Revenue Growth
Revenue Breakdown (FY 2025)
VECO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VECO Revenue Analysis (2014–2025)
As of May 6, 2026, Veeco Instruments Inc. (VECO) generated trailing twelve-month (TTM) revenue of $664.3 million, reflecting moderate decline in growth of -9.4% year-over-year. The most recent quarter (Q4 2025) recorded $165.0 million in revenue, down 0.5% sequentially.
Looking at the longer-term picture, VECO's 5-year compound annual growth rate (CAGR) stands at +7.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $717.3 million in 2024.
Revenue diversification analysis shows VECO's business is primarily driven by Semiconductor (72%), Scientific And Other (13%), and Compound Semiconductor (9%). With over half of revenue concentrated in Semiconductor, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including UCTT (-3.2% YoY), ACMR (+15.2% YoY), and ONTO (-1.5% YoY), VECO has underperformed the peer group in terms of 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 | $664M | -9.4% | +7.9% | 5.4% | |
 UCTT | $2.1B | -3.2% | +8.0% | 2.1% | |
 ACMR | $901M | +15.2% | +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 (2014–2025)
| 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% |
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Start ComparisonVECO — Frequently Asked Questions
Quick answers to the most common questions about buying VECO stock.
Is VECO's revenue growth accelerating or slowing?
VECO revenue declined -9.4% year-over-year, contrasting with the 5-year CAGR of +7.9%. TTM revenue fell to $664M. This reverses the prior growth trend.
What is VECO's long-term revenue growth rate?
Veeco Instruments Inc.'s 5-year revenue CAGR of +7.9% reflects the variable expansion pattern. Current YoY growth of -9.4% is below this long-term average.
How is VECO's revenue distributed by segment?
VECO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.