VECO Q3 FY2026 earnings: EPS missed by 15.7%, revenue missed by 1.8%
Veeco Instruments reported Q3 FY2026. EPS came in at $0.36 against a $0.43 consensus, missed by 15.7%. Revenue was $209.4M versus $213.3M expected, missed by 1.8%. Gross margin was 38.4%, down 30 bps from last quarter.
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The quarter in numbers
| Metric | Actual | Consensus | Surprise |
|---|---|---|---|
| EPS | $0.36 | $0.43 | missed by 15.7% |
| Revenue | $209.4M | $213.3M | missed by 1.8% |
| Line | This quarter | QoQ | YoY |
|---|---|---|---|
| Revenue | $209.4M | +8.2% | +26.2% |
| Gross profit | $80.4M | +7.4% | +20.1% |
| Operating income | $14.1M | +18.9% | +32.0% |
| Net income | $13.6M | +15.0% | +28.7% |
| Diluted EPS | $0.21 | +16.7% | +23.5% |
| Gross margin: 38.4%. |
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The trend
Revenue is up 26.2% from the same quarter last year. Gross margin sits at 38.4%, 300 bps off its 8-quarter high.
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How it stacks up
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