Veeco Instruments Inc.
VECOTechnologyNASDAQSemiconductor Equipment & Materials · Last scanned Jul 18, 2026
Scan Results
Daily timeframeVeeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices in the United. The $3.19B market capitalization puts VECO squarely in mid-cap range for its industry. It offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, advanced packaging lithography, atomic layer deposition, and other deposition systems.
Market Cap
$3.19B
Beta
1.33
P/E (TTM)
141.27
P/E (Fwd)
17.17
EPS (TTM)
$0.37
EPS (Fwd)
$3.04
ROE
2.7%
ROA
1.4%
Cash
$383.3M
Total Debt
$261.5M
Free CF
$33.4M
52W Change
144.0%
Annual Financials
Cash vs Debt
Veeco Instruments Inc. holds $383.3M in cash against $261.5M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $33.4M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 2.7% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.4% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $646.1M (2022) to $664.3M (2025).
At over 50x earnings, VECO carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Veeco Instruments Inc.'s trajectory.