Veeco Instruments Inc. (VECO) is a publicly traded company in the Technology — Semiconductors industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Veeco Instruments Inc., operating globally with its subsidiaries, specializes in the engineering, production, sale, and support of advanced semiconductor and thin film process equipment used primarily in the manufacture of electronic devices.
Is Veeco Instruments Inc. stock overvalued or undervalued in 2026?
Veeco Instruments Inc. (VECO) trades at 107× earnings (P/E), against a median of 32.0× across the 314 technology companies above $2bn in Kaplio's universe. No valuation verdict: it earns very little for its market value, and with such small earnings there is no reliable reference price.
Kaplio overview: Veeco Instruments Inc.
Market cap $2B · 52 weeks $26 – $83 (53 % below the high) · P/E 107× · 2027 est. P/E 12.3× · Dividend none · Next earnings November 4, 2026 · expected EPS $0.43 · Closing price, Oct 30 · accounts published Aug 5.
- Valuation: P/E 107× (no verdict).
- Business: ROIC 2 % (weak).
- Balance sheet: Net debt/EBITDA 1.9× (passes, near the threshold).
- Earnings: 6 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it earns very little for its market value (it trades at 107 times earnings; its sector median, 32.0).
What matters in technology: 3 of 7 pass
- 3y revenue growth −4.7 %, fails.
- Gross margin 40.0 %, fails.
- FCF / Revenue 6.9 %, fails.
- ROIC 1.9 %, fails.
- SBC / Revenue 5.4 %, passes.
- Net debt / EBITDA 1.9×, passes, near the threshold.
- EV/EBITDA vs own 5y 49.9×, passes.
Against its peers (reference peers) — Veeco Instruments Inc.: P/E 107×; EV/EBITDA 49.9×; ROIC 1.9 %; $2.4B. Ultra Clean Holdings, Inc. (P/E 87.2×; EV/EBITDA 16.0×; ROIC 2.7 %; $2.3B), Camtek Ltd. (P/E 191×; EV/EBITDA 192×; ROIC 7.8 %; $5.4B), Onto Innovation Inc. (P/E 75.8×; EV/EBITDA 40.7×; ROIC 3.4 %; $9.9B).
Profitability
| Return on Equity | 2.62% |
| Return on Invested Capital | 1.89% |
| Return on Assets | 1.64% |
| Gross Margin | 37.81% |
| Operating Margin | 3.26% |
| Net Margin | 3.40% |
Financial Health
| Debt / Equity | 0.28 |
| Current Ratio | 3.93 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 3.06 |
Price Performance
| 1 month | -32.26% |
| 3 months | -23.74% |
| Year-to-date | +36.00% |
| 1 year | +35.20% |
| 3 years | +56.29% |
| 5 years | +55.48% |
| 10 years | +66.82% |
Related companies: LRCX · KLAC · TER · CAMT · UCTT · ONTO
Explore sector: Technology · Semiconductors
More sections of VECO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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