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Veeco Instruments Inc(VECO)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for VECO
11/06/2026: VECO (3-star) is currently NOT-A-BUY. Pass it for now.
Veeco Instruments Inc is a specialized semiconductor equipment provider that offers critical thin-film deposition and process tools. The company holds a significant position in niche technology areas like MOCVD systems and laser annealing, which are essential for manufacturing power electronics and advanced chips. Its growth story is tied to long-term secular trends in energy efficiency, 5G, and high-performance computing. However, the company faces risks from industry cyclicality, geopolitical trade tensions, and competition from larger, well-capitalized peers. This stock is best suited for growth-oriented investors with a high risk tolerance who are comfortable monitoring the semiconductor investment cycle and company-specific execution.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit while signal remains positive | Veeco provides exposure to secular growth trends like power electronics and AI, making it suitable for growth-oriented portfolios. |
| Momentum investor | Mixed fit | Momentum suitability is conditional on positive technical trends and cyclical sector strength. |
| Value investor | Mixed fit | Valuation fluctuates significantly based on the semiconductor cycle, requiring careful timing for value-oriented investors. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | The company's sensitivity to semiconductor cycles and market volatility makes it inappropriate for conservative, low-risk investors. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | High cyclicality in semiconductor demand causes significant fluctuations in stock price. |
| Valuation risk | Medium | Market multiples expand and contract based on forward expectations of industry capital expenditure. |
| Competition risk (semiconductor equipment) | Medium / high | Large competitors can pressure pricing and margins in shared end-market segments. |
| Business quality | Medium | While technology is proprietary, the business is capital intensive and sensitive to customer investment cycles. |
| Dividend income | Low / none | No dividend is paid, offering zero yield for income investors. |
| Execution risk | Medium | Successful integration of R&D cycles into commercial product success is required for sustained growth. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit 107.09% | Avg. Invested days 53 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.27B USD | Price to earnings Ratio 90.71 | 1Y Target Price 61.33 |
Price to earnings Ratio 90.71 | 1Y Target Price 61.33 | ||
Volume (30-day avg) 875.9K shares | Beta 1.42 | 52 Weeks Range 26.00 - 86.63 | Updated Date 11/08/2026 |
52 Weeks Range 26.00 - 86.63 | Updated Date 11/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.41 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Semiconductor Systems | Laser annealing and lithography equipment for logic and memory chips. | Revenue is driven by major chipmakers expanding their production capacity for advanced semiconductors. |
| Compound Semiconductor | MOCVD tools for manufacturing power, photonics, and RF devices. | This segment benefits from the global shift toward electric vehicles and 5G connectivity. |
| Geographic Sales | Revenue distribution across Asia, North America, and Europe. | Sales are globally distributed, creating exposure to international trade policy and manufacturing shifts. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-11-04 | When After Market | Estimate 0.32 | Actual 0.23 |
Profitability
Profit Margin 3.62% | Operating Margin (TTM) 9.15% |
Management Effectiveness
Return on Assets (TTM) 1.63% | Return on Equity (TTM) 2.92% |
Valuation
Trailing PE 90.71 | Forward PE 11.57 | Enterprise Value 2.05B | Price to Sales(TTM) 3.13 |
Enterprise Value 2.05B | Price to Sales(TTM) 3.13 | ||
Enterprise Value to Revenue 2.83 | Enterprise Value to EBITDA 36.81 | Shares Outstanding 61.14M | Shares Floating 60.14M |
Shares Outstanding 61.14M | Shares Floating 60.14M | ||
Percent Insiders 2.18 | Percent Institutions 113.56 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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