VECO

Veeco Instruments Inc

Add to Watchlist

Advanced Chart

20.820

+0.23(1.117%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

21.070

Open

20.510

VWAP

20.63

Vol

340.92K

Mkt Cap

1.25B

Low

20.360

Amount

7.03M

EV/EBITDA(TTM)

10.31

Total Shares

56.64M

1.14B

EV/OCF(TTM)

15.37

P/S(TTM)

1.80

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q2

FY2025Q3

FY2025Q4

151.31M

-13.97%

0.225

-46.35%

159.00M

-13.96%

0.276

-40%

167.18M

-8.21%

0.326

-20.47%

Estimates Revision

The market is revising Downward the revenue expectations for Veeco Instruments Inc. (VECO) for FY2025, with the revenue forecasts being adjusted by -5.53% over the past three months. During the same period, the stock price has changed by 9.03%.

Revenue Estimates for FY2025

Revise Downward

-5.53%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-13.19%

In Past 3 Month

Stock Price

Go Up

+9.03%

In Past 3 Month

6 Analyst Rating

28.87% Upside

Wall Street analysts forecast VECO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VECO is 26.83 USD with a low forecast of 20.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

2 Hold

0 Sell

Moderate Buy

28.87% Upside

Current: 20.820

Low

20.00

Averages

26.83

High

31.00

28.87% Upside

Current: 20.820

Low

20.00

Averages

26.83

High

31.00

Barclays

Tom O'Malley

Equal Weight

downgrade

$22 -> $21

2025-05-08

Reason

Barclays

Tom O'Malley

Price Target

$22 -> $21

2025-05-08

downgrade

Equal Weight

Reason

Barclays analyst Tom O'Malley lowered the firm's price target on Veeco to $21 from $22 and keeps an Equal Weight rating on the shares following the earnings report. The firm notes that $35M of China revenue is coming out of the model this year as customers choose to wait until tariffs are resolved.

Goldman Sachs

Neutral

downgrade

$27 -> $20

2025-05-08

Reason

Goldman Sachs

Price Target

$27 -> $20

2025-05-08

downgrade

Neutral

Reason

Goldman Sachs lowered the firm's price target on Veeco to $20 from $27 and keeps a Neutral rating on the shares after its Q1 results and below consensus guidance. The outlook was a bit weaker than expected as tariff impacts are causing delays to Chinese shipments and creating uncertainty, the analyst tells investors in a research note. Despite the uncertainty in the environment, Veeco continues to see traction growing in the semiconductor segment, highlighting additional eval systems to be shipped this year, the firm added.

Barclays

Tom O'Malley

Hold

Maintains

$25 → $22

2025-04-22

Reason

Barclays

Tom O'Malley

Price Target

$25 → $22

2025-04-22

Maintains

Hold

Reason

Barclays

Tom O'Malley

Hold

Maintains

$30 → $25

2025-02-13

Reason

Barclays

Tom O'Malley

Price Target

$30 → $25

2025-02-13

Maintains

Hold

Reason

Needham

Charles Shi

Strong Buy

Maintains

$35 → $29

2025-02-13

Reason

Needham

Charles Shi

Price Target

$35 → $29

2025-02-13

Maintains

Strong Buy

Reason

Benchmark

Mark Miller

Strong Buy

Maintains

$38 → $31

2025-02-13

Reason

Benchmark

Mark Miller

Price Target

$38 → $31

2025-02-13

Maintains

Strong Buy

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Veeco Instruments Inc (VECO.O) is 17.53, compared to its 5-year average forward P/E of 16.44. For a more detailed relative valuation and DCF analysis to assess Veeco Instruments Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

16.44

Current PE

17.53

Overvalued PE

19.13

Undervalued PE

13.74

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

12.38

Current EV/EBITDA

11.70

Overvalued EV/EBITDA

14.96

Undervalued EV/EBITDA

9.81

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.99

Current PS

1.94

Overvalued PS

2.48

Undervalued PS

1.50