Our Calculations Show IJR Could Reach $133
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 28 2025
0mins
Should l Buy VECO?
Source: NASDAQ.COM
ETF Analysis: The iShares Core S&P Small-Cap ETF (IJR) has an implied analyst target price of $132.87, indicating a potential upside of 11.88% from its current trading price of $118.76.
Notable Holdings: Key underlying holdings with significant upside include MarineMax Inc (HZO), Protagonist Therapeutics Inc (PTGX), and Veeco Instruments Inc (VECO), each showing potential increases based on analyst targets.
Analyst Target Comparison: HZO's average target is $31.83 (13.93% upside), PTGX's is $69.18 (12.62% upside), and VECO's target is $27.00 (12.50% upside) compared to their recent share prices.
Investor Considerations: Questions arise regarding the validity of these analyst targets, suggesting that investors should conduct further research to determine if the targets are justified or overly optimistic.
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Analyst Views on VECO
Wall Street analysts forecast VECO stock price to fall
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 35.270
Low
30.00
Averages
34.67
High
38.00
Current: 35.270
Low
30.00
Averages
34.67
High
38.00
About VECO
Veeco Instruments Inc. is a manufacturer of semiconductor process equipment. The Company's laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch & clean and lithography technologies are used in the fabrication and packaging of advanced semiconductor devices. Such devices include advanced node application processors for artificial intelligence (AI) chips, high-performance computing, mobile devices, high-speed data communications, and radio frequency (RF) filters and power amplifiers for fifth generation (5G) networks and mobile electronics, photonics devices for 3D sensing, advanced displays, and thin film magnetic heads for hard disk drives in data storage. The Company has comprehensive sales and service operations across the Asia-Pacific, Europe, and North America regions. Its products are purchased by customers in four end-markets: semiconductor, compound semiconductor, data storage, and scientific & other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Veeco Secures Orders for Optical Communication Laser Systems
- Significant Order Volume: Veeco Instruments has received multiple orders for Lumina® MOCVD systems and Spector® IBD optical coating systems from a global leader in optical communication laser manufacturing, indicating its strong market position in InP laser manufacturing.
- Market Growth Potential: According to LightCounting, sales of optical transceivers and related products exceeded $23 billion in 2025, marking a 50% increase from 2024, highlighting the rapid growth trend in the data communications industry.
- Outstanding Technical Advantages: Veeco's MOCVD TurboDisc® technology ensures excellent uniformity and low defectivity for the Lumina system over long campaigns, enhancing production efficiency and product quality, further solidifying its market leadership.
- Clear Strategic Positioning: This order not only strengthens Veeco's critical role in the InP laser manufacturing ecosystem but also lays the groundwork for future technological innovations and market expansion, aligning with the demand for high-performance optical transceivers from global hyperscale data centers.
See More
Veeco Instruments to Participate in Investor Events
- Investor Event Schedule: Veeco Instruments is set to participate in the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2026, at The Palace Hotel in San Francisco, showcasing its innovative capabilities in semiconductor equipment.
- Conference Agenda: Following this, Veeco will attend the Stifel 2026 NYC Technology 1x1 Conference on March 10, 2026, at The Conrad New York Downtown Hotel, aiming to engage deeply with investors about the company's strategies and market outlook.
- Company Background: Veeco Instruments is an innovative manufacturer of semiconductor process equipment, with its ion beam, laser spike annealing, lithography, MOCVD, and single wafer etch & clean technologies playing a crucial role in the fabrication and packaging of advanced semiconductor devices, ensuring optimized performance and cost efficiency.
- Technological Edge: Veeco holds leading technology positions in the markets it serves, focusing on enhancing production efficiency and yield through efficient equipment design, thereby strengthening its competitive position in the semiconductor industry.
See More
Veeco Instruments Q4 2025 Earnings Call Insights
- Performance Growth: Veeco reported Q4 2025 revenue of $165 million, with the semiconductor segment contributing 67%, indicating strong growth driven by demand from AI and high-performance computing, with 2026 revenue expected between $740 million and $800 million.
- Increased Backlog: The year-end backlog reached $555 million, a significant increase of $145 million year-over-year, reflecting a notable acceleration in order activity in the second half of 2025, signaling sustained revenue growth ahead.
- Merger Strategy: The all-stock merger agreement with Axcelis is anticipated to close in the second half of 2026, with management emphasizing that this move will create a leading semiconductor equipment company, enhancing R&D scale and market competitiveness.
- Margin Pressure: Although Q4 gross margin stood at 38%, management expects pressure from product mix changes and tariff impacts in 2026, yet aims to achieve a 45% gross margin target by the second half of 2026.
See More
Veeco Instruments Q4 Earnings Miss Expectations
- Disappointing Earnings: Veeco Instruments reported a Q4 non-GAAP EPS of $0.24, missing expectations by $0.02, with revenue of $165 million reflecting a 9.4% year-over-year decline, indicating pressure in market competitiveness.
- Cautious Future Outlook: The company expects Q1 2026 revenue in the range of $150 million to $170 million, with GAAP EPS projected between -$0.03 and $0.07, reflecting uncertainty in market demand.
- Conservative Annual Guidance: For fiscal year 2026, Veeco anticipates revenue between $740 million and $800 million, with GAAP EPS expected between $0.83 and $1.17, and non-GAAP EPS between $1.50 and $1.85, demonstrating a cautious approach to future growth.
- Negative Market Reaction: Given the earnings report and future guidance falling short of market expectations, Veeco's stock price may face downward pressure, prompting investors to monitor the company's competitiveness and strategic responses in the semiconductor industry.
See More
Veeco Instruments to Announce Q4 Earnings on February 25
- Earnings Announcement Schedule: Veeco Instruments is set to release its Q4 2023 earnings report on February 25 after market close, with a consensus EPS estimate of $0.26, reflecting a significant year-over-year decline of 36.6%, indicating potential profitability challenges.
- Revenue Decline Expectations: Analysts forecast the company's quarterly revenue to be $165.78 million, down 9.0% year-over-year, suggesting that the overall weakness in the semiconductor sector may adversely affect Veeco's performance.
- Historical Performance Metrics: Over the past two years, Veeco Instruments has exceeded EPS and revenue estimates 88% of the time, demonstrating a degree of financial stability, although current conditions pose challenges.
- Market Attention: With the merger between Veeco and Axcelis receiving approval from UK regulators, market participants will closely monitor the potential impact of this merger on future revenues, particularly in light of shipment delays.
See More
Veeco Instruments to Release Q4 and Full Year 2025 Financial Results
- Earnings Release Schedule: Veeco Instruments plans to release its fourth quarter and full year 2025 financial results after market close on February 25, 2026, which is expected to provide investors with critical performance data and future outlook.
- Conference Call Details: The company will host a conference call at 5:00 PM ET on the same day, allowing participants to dial in at 1-877-407-8029 or 1-201-689-8029, ensuring timely access to financial information and interactive engagement.
- Webcast Access: Investors can also access a live webcast of the call through Veeco's investor relations website, enhancing transparency and improving communication efficiency with stakeholders.
- Company Background: Veeco is an innovative manufacturer of semiconductor process equipment, focusing on technologies such as laser annealing, ion beam, and metal organic chemical vapor deposition, dedicated to optimizing performance and cost of semiconductor devices, thereby solidifying its leading position in the market.
See More
Veeco Secures Orders for Optical Communication Laser Systems
- Significant Order Volume: Veeco Instruments has received multiple orders for Lumina® MOCVD systems and Spector® IBD optical coating systems from a global leader in optical communication laser manufacturing, indicating its strong market position in InP laser manufacturing.
- Market Growth Potential: According to LightCounting, sales of optical transceivers and related products exceeded $23 billion in 2025, marking a 50% increase from 2024, highlighting the rapid growth trend in the data communications industry.
- Outstanding Technical Advantages: Veeco's MOCVD TurboDisc® technology ensures excellent uniformity and low defectivity for the Lumina system over long campaigns, enhancing production efficiency and product quality, further solidifying its market leadership.
- Clear Strategic Positioning: This order not only strengthens Veeco's critical role in the InP laser manufacturing ecosystem but also lays the groundwork for future technological innovations and market expansion, aligning with the demand for high-performance optical transceivers from global hyperscale data centers.
See More
Veeco Instruments to Participate in Investor Events
- Investor Event Schedule: Veeco Instruments is set to participate in the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2026, at The Palace Hotel in San Francisco, showcasing its innovative capabilities in semiconductor equipment.
- Conference Agenda: Following this, Veeco will attend the Stifel 2026 NYC Technology 1x1 Conference on March 10, 2026, at The Conrad New York Downtown Hotel, aiming to engage deeply with investors about the company's strategies and market outlook.
- Company Background: Veeco Instruments is an innovative manufacturer of semiconductor process equipment, with its ion beam, laser spike annealing, lithography, MOCVD, and single wafer etch & clean technologies playing a crucial role in the fabrication and packaging of advanced semiconductor devices, ensuring optimized performance and cost efficiency.
- Technological Edge: Veeco holds leading technology positions in the markets it serves, focusing on enhancing production efficiency and yield through efficient equipment design, thereby strengthening its competitive position in the semiconductor industry.
See More
Veeco Instruments Q4 2025 Earnings Call Insights
- Performance Growth: Veeco reported Q4 2025 revenue of $165 million, with the semiconductor segment contributing 67%, indicating strong growth driven by demand from AI and high-performance computing, with 2026 revenue expected between $740 million and $800 million.
- Increased Backlog: The year-end backlog reached $555 million, a significant increase of $145 million year-over-year, reflecting a notable acceleration in order activity in the second half of 2025, signaling sustained revenue growth ahead.
- Merger Strategy: The all-stock merger agreement with Axcelis is anticipated to close in the second half of 2026, with management emphasizing that this move will create a leading semiconductor equipment company, enhancing R&D scale and market competitiveness.
- Margin Pressure: Although Q4 gross margin stood at 38%, management expects pressure from product mix changes and tariff impacts in 2026, yet aims to achieve a 45% gross margin target by the second half of 2026.
See More
Veeco Instruments Q4 Earnings Miss Expectations
- Disappointing Earnings: Veeco Instruments reported a Q4 non-GAAP EPS of $0.24, missing expectations by $0.02, with revenue of $165 million reflecting a 9.4% year-over-year decline, indicating pressure in market competitiveness.
- Cautious Future Outlook: The company expects Q1 2026 revenue in the range of $150 million to $170 million, with GAAP EPS projected between -$0.03 and $0.07, reflecting uncertainty in market demand.
- Conservative Annual Guidance: For fiscal year 2026, Veeco anticipates revenue between $740 million and $800 million, with GAAP EPS expected between $0.83 and $1.17, and non-GAAP EPS between $1.50 and $1.85, demonstrating a cautious approach to future growth.
- Negative Market Reaction: Given the earnings report and future guidance falling short of market expectations, Veeco's stock price may face downward pressure, prompting investors to monitor the company's competitiveness and strategic responses in the semiconductor industry.
See More
Veeco Instruments to Announce Q4 Earnings on February 25
- Earnings Announcement Schedule: Veeco Instruments is set to release its Q4 2023 earnings report on February 25 after market close, with a consensus EPS estimate of $0.26, reflecting a significant year-over-year decline of 36.6%, indicating potential profitability challenges.
- Revenue Decline Expectations: Analysts forecast the company's quarterly revenue to be $165.78 million, down 9.0% year-over-year, suggesting that the overall weakness in the semiconductor sector may adversely affect Veeco's performance.
- Historical Performance Metrics: Over the past two years, Veeco Instruments has exceeded EPS and revenue estimates 88% of the time, demonstrating a degree of financial stability, although current conditions pose challenges.
- Market Attention: With the merger between Veeco and Axcelis receiving approval from UK regulators, market participants will closely monitor the potential impact of this merger on future revenues, particularly in light of shipment delays.
See More
Veeco Instruments to Release Q4 and Full Year 2025 Financial Results
- Earnings Release Schedule: Veeco Instruments plans to release its fourth quarter and full year 2025 financial results after market close on February 25, 2026, which is expected to provide investors with critical performance data and future outlook.
- Conference Call Details: The company will host a conference call at 5:00 PM ET on the same day, allowing participants to dial in at 1-877-407-8029 or 1-201-689-8029, ensuring timely access to financial information and interactive engagement.
- Webcast Access: Investors can also access a live webcast of the call through Veeco's investor relations website, enhancing transparency and improving communication efficiency with stakeholders.
- Company Background: Veeco is an innovative manufacturer of semiconductor process equipment, focusing on technologies such as laser annealing, ion beam, and metal organic chemical vapor deposition, dedicated to optimizing performance and cost of semiconductor devices, thereby solidifying its leading position in the market.
See More
