Veeco Instruments Inc. · NASDAQ:VECO
Veeco Instruments — Q3 2026 Earnings Presentation
21 slides from Veeco Instruments's earnings presentation, Nov 4, 2026
Slide 1: Q3 2026 Financial Results Conference Call
Q3 2026 Financial Results Conference Call November 4th, 2026 Veeco Instruments 1
Slide 2: Disclaimer
2 Disclaimer No Offer or Solicitation This communication is not intended to and shall not constitute an offer to purchase or the solicitation of an offer to buy or sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be un
Slide 3: CEO Overview
Bill Miller, Ph.D. CEO Overview 3
Slide 4: Q3 2026 Highlights
4 Q3 2026 Highlights Revenue $209M Non-GAAP Operating Income $25M Non-GAAP EPS 0.36₵ Key Takeaways Clear Path to Exceed $1 Billion in Full Year 2027 1. Delivered solid financial results 2. Significant order wins in front-end semiconductor, advanced packaging, and silicon photonics 3. Advancement of
Slide 5: Veeco's Critical Role in Semi Manufacturing & SAM Expansion
2026 2030 Total Served Available Market Annealing IBD Advanced Packaging Services & Other 5 Veeco’s Critical Role in Semi Manufacturing & SAM Expansion Deposition Lithography Etch Ion Implant Anneal Inspection Adv. Packaging IBD 300 IBD EUV LSA Wet Processing Litho FRONT END Representative Process S
Slide 6: Compound Semi Projected SAM Growth
6 Compound Semi Projected SAM Growth Source: Veeco Served Available Market based on TrendFocus, Gartner, Yole Group and internal analysis Key Drivers 2026 2030 Silicon Photonics (InP Lasers) • Lumina® MOCVD InP platform • WaferEtch® and WaferStorm® systems • Spector® IBD for laser diode facets coati
Slide 7: Veeco's Critical Role in Compound Semi: Indium Phosphide Laser Solutions
7 Veeco’s Critical Role in Compound Semi: Indium Phosphide Laser Solutions Repeat cycle depending on device Epitaxy Patterning Metallization Anneal / Cleave Etch Laser Facet Coating Lumina® MOCVD InP Platform Size of bubble represents approximate market opportunity Veeco Provides Differentiated Solu
Slide 8: CFO Overview
John Kiernan CFO Overview 8
Slide 9: Q3 2026 Revenue by Market & Region
9 Revenue by Market Scientific & Other Semiconductor Compound Semiconductor Data Storage 65% 19% 10% 6% United States $209M Revenue Trend ($M) Q3 25 Q2 26 Q3 26 Semiconductor 118 131 135 Compound Semi 11 21 40 Data Storage 10 22 20 Scientific & Other 27 20 14 Total 166 193 209 Revenue Trend ($M) Q3
Slide 10: Q3 2026 Operating Results
10 Amounts may not calculate precisely due to rounding. A reconciliation of GAAP to Non-GAAP financial measures can be found in the backup section of this presentation. In millions (except per share amounts) GAAP Non-GAAP Non-GAAP Q2 26 Q3 26 Q2 26 Q3 26 Q3 26 Guidance (as of Aug. 5th, 2026) Revenue
Slide 11: Balance Sheet and Cash Flow Highlights
11 Amounts may not calculate precisely due to rounding. A reconciliation of GAAP to Non-GAAP financial measures can be found in the backup section of this presentation. Balance Sheet and Cash Flow Highlights $ millions Q2 2026 Q3 2026 Cash & Short-Term Investments 429 483 Accounts Receivable 148 154
Slide 12: Q4 & FY 2026 Outlook
12 Q4 & FY 2026 Outlook A reconciliation of GAAP to Non-GAAP financial measures can be found in the backup section of this presentation. Q4 2026 FY 2026 GAAP Non-GAAP GAAP Non-GAAP Revenue $230M - $260M $230M - $260M $790M - $820M $790M - $820M Gross Margin 42% - 44% 43% - 44% 39% - 40% 40% Operatin
Slide 13: Q&A
Q&A 13
Slide 14: Backup & Financial Tables
Backup & Financial Tables 14
Slide 15: Historical Revenue by End-Market
15 $M 2022 2023 2024 2025 2026 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Semi 369.4 93.1 106.3 98.2 115.2 412.7 120.4 109.9 124.1 112.1 466.6 123.8 123.9 118.3 110.5 476.6 109.0 130.7 135.3 Compound Semi 121.2 21.2 24.1 25.7 16.3 87.3 21.0 18.2 15.6 22.8 77.6 14.4 14.2 10.9 20.1 59.6
Slide 16: 2029 Convertible Notes Outstanding
16 2029 Convertible Notes Outstanding Convertible Notes Due September 2029 Principal Amount Carrying Value Coupon Annual Cash Interest Annual Non-Cash Interest Initial Conversion Price $230M $227M 2.875% $6.6M $1.1M $29.22 As of September 30, 2026 * The Company is required to settle the principal am
Slide 17: Note on Reconciliation Tables
17 Note on Reconciliation Tables These tables include financial measures adjusted for the impact of certain items; these financial measures are therefore not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). These Non-GAAP financial measures exclude items such as:
Slide 18: Supplemental Information—GAAP to Non-GAAP Reconciliation
Supplemental Information—GAAP to Non-GAAP Reconciliation $ millions Q2 26 Q3 26 Net sales $193.5 $209.4 GAAP gross profit 74.8 80.4 GAAP gross margin 38.7% 38.4% Add: Share-based comp 1.6 1.4 Non-GAAP gross profit $76.4 $81.8 Non-GAAP gross margin 39.5% 39.1% $ millions Q2 26 Q3 26 GAAP Net income $
Slide 19: Q3 2026 Actual: GAAP to Non-GAAP Reconciliation
$ millions Non-GAAP Adjustments GAAP Share-Based Compensation Amortization Other Non-GAAP Net Sales $209.4 $209.4 Gross Profit 80.4 1.4 — — 81.8 Gross Margin 38.4% 39.1% Operating Expenses $66.3 (7.0) (0.4) (2.3) $56.6 Operating Income $14.1 8.4 0.4 2.3 $25.2 Net Income $13.6 8.4 0.4 1.6 $24.1 Q3 20
Slide 20: Q4 2026 Guidance: GAAP to Non-GAAP Reconciliation
Reconciliation of GAAP to non-GAAP Financial Data Non-GAAP Adjustments GAAP Share-Based Compensation Amortization Other Non-GAAP Net Sales $230–$260 $230–$260 Gross Profit 97–114 2 — — 99–116 Gross Margin 42%–44% 43%–44% Operating Expenses $73–$75 (8) — (1) $64–$66 Operating Income $24–$39 10 — 1 $3
Slide 21: FY 2026 Guidance: GAAP to Non-GAAP Reconciliation
Reconciliation of GAAP to non-GAAP Financial Data Non-GAAP Adjustments GAAP Share-Based Compensation Amortization Other Non-GAAP Net Sales $790–$820 $790–$820 Gross Profit 309–325 6 — — 315–331 Gross Margin 39%–40% 40%–40% Operating Expenses $261–$262 (30) (2) (7) $222–$224 Operating Income $48–$63