Veeco Instruments Inc.
VECOTechnologyNASDAQSemiconductor Equipment & Materials
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. With a market capitalization of $3.61B, it sits in mid-cap territory. 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
$3.61B
Beta
1.36
P/E (TTM)
155.61
P/E (Fwd)
19.42
EPS (TTM)
$0.38
EPS (Fwd)
$3.04
ROE
2.7%
ROA
1.4%
Cash
$383.3M
Total Debt
$261.5M
Free CF
$33.4M
52W Change
206.2%
Annual Financials
Cash vs Debt
The balance sheet looks solid with $383.3M in cash comfortably exceeding the $261.5M debt load. A net cash position generally provides financial flexibility during uncertain economic periods. Annual free cash flow of $33.4M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 2.7%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. 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. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing VECO.