OverviewSuggest Edit

Veeco Instruments is a company that develops thin film process equipment used in high-technology electronic device production. The company offers metal organic chemical vapor deposition systems, packaging lithography equipment, precision surface processing systems, laser annealing systems, ion beam etch and deposition system, molecular beam epitaxy systems, 3D wafer inspection systems, and atomic layer deposition, and other deposition systems. It aims to serve four key markets including semiconductors, photonics, communications and data storage as well as sensors, scientific & power markets.

TypePublic
Founded1945
HQPlainview, NY, US
Websiteveeco.com
Employee Ratings4
Overall CultureD

Latest Updates

Employees (est.) (Dec 2021)1,091(+10%)
Job Openings126
Revenue (FY, 2021)$583.3 M(+29%)
Share Price (May 2022)$21.9(+4%)
Cybersecurity ratingAMore
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Key People/Management at Veeco

William J Miller

William J Miller

Chief Executive Officer
Bill Miller

Bill Miller

Chief Executive Officer
John P Kiernan

John P Kiernan

Senior Vice President and Chief Financial Officer
Robert Bradshaw

Robert Bradshaw

Chief Administrative Officer
Ajit Paranjpe

Ajit Paranjpe

Chief Technology Officer
Monica DeMarco

Monica DeMarco

Senior Vice President, Customer Experience
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Veeco Office Locations

Veeco has offices in Plainview, Franklin Township, Horsham, San Jose and in 10 other locations
Plainview, NY, US (HQ)
1 Terminal Dr
Franklin Township, NJ, US
145 Belmont Dr, Somerset
Horsham, PA, US
185 Gibraltar Rd
San Jose, CA, US
3050 Zanker Rd
Waltham, MA, US
130 Turner St building 2
White Bear Lake, MN, US
4875 Constellation Dr
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Veeco Financials and Metrics

Veeco Revenue

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Veeco's revenue was reported to be $583.28 m in FY, 2021
USD

Revenue (FY, 2021)

583.3m

Gross profit (FY, 2021)

242.3m

Gross profit margin (FY, 2021), %

41.5%

Net income (FY, 2021)

26.0m

EBIT (FY, 2021)

56.7m

Market capitalization (13-May-2022)

1.1b

Closing stock price (13-May-2022)

21.9

Cash (31-Dec-2021)

119.7m

EV

1.3b
Veeco's current market capitalization is $1.1 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

542.1m419.3m454.2m583.3m

Revenue growth, %

12%(23%)8%

Cost of goods sold

348.4m261.2m259.9m341.0m

Gross profit

193.7m158.2m194.3m242.3m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

99.4m97.8m109.0m104.5m98.6m112.1m133.7m146.3m150.2m

Cost of goods sold

64.7m61.5m66.7m58.1m56.7m62.9m78.8m86.2m87.1m

Gross profit

34.7m36.3m42.2m46.4m41.9m49.1m54.9m60.2m63.2m

Gross profit Margin, %

35%37%39%44%42%44%41%41%42%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

129.3m129.6m119.7m

Accounts Receivable

45.7m80.0m109.6m

Prepaid Expenses

15.0m19.3m25.6m

Inventories

133.1m145.9m170.9m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(78.7m)(8.4m)26.0m

Depreciation and Amortization

34.4m30.7m26.1m

Inventories

15.0m(11.5m)(24.8m)

Accounts Payable

(26.9m)16.0m20.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(18.5m)(34.1m)(45.9m)(567.0k)(8.9m)(8.3m)2.5m8.8m17.8m

Depreciation and Amortization

8.8m17.3m25.8m7.7m15.4m23.0m6.8m13.2m19.6m

Inventories

8.5m8.5m17.9m2.4m(4.5m)(10.3m)(10.5m)(18.3m)(24.9m)

Accounts Payable

(12.3m)(26.0m)(16.0m)14.5m5.8m11.1m12.6m14.0m21.8m
USDFY, 2018

Revenue/Employee

519.7k
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Veeco Operating Metrics

Veeco's Backlog was reported to be $209.2m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$286.7 m$186 m$209.2 m

Countries

1010

Facilities

161412

Patents Issued

300300300
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Veeco Acquisitions / Subsidiaries

Company NameDateDeal Size
Ultratech Inc.May 26, 2017$862.3 m
Solid State Equipment HoldingsDecember 04, 2014$145.47 m
Synos TechnologyOctober 01, 2013$70 m
Fluens CorporationApril 30, 2009
Mill Lane EngineeringMay 22, 2008$11 m
Advanced ImagingNovember 19, 2003$60 m
NanoDevicesJune 10, 2003
Applied EpiSeptember 07, 2001$132 m
ThermoMicroscopes CorpJuly 18, 2001
TM MicroscopesJuly 18, 2001
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Veeco Revenue Breakdown

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Veeco revenue breakdown by business segment: 28.9% from Data Storage, 10.4% from Scientific & Other, 18.3% from Compound Semiconductor and 42.4% from Semiconductor

Veeco revenue breakdown by geographic segment: 37.2% from United States, 9.5% from EMEA, 18.2% from China , 35.1% from Rest of APAC and 0.1% from Other

Veeco Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Veeco Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Veeco Online and Social Media Presence

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Veeco Company Culture

  • Overall Culture

    D

    59/100

  • CEO Rating

    C-

    63/100

  • Compensation

    D+

    59/100

  • Diversity

    D

    59/100

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Veeco News and Updates

Veeco Reports First Quarter 2022 Financial Results

First Quarter 2022 Highlights:

Veeco Announces Date for First Quarter Financial Results and Conference Call

PLAINVIEW, N.Y., April 14, 2022 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2022 financial results after the market closes on Monday, May 9, 2022. The company will host a conference call to review these results starting at 5:00pm ET that day.

Veeco Releases ESG Goals

PLAINVIEW, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today unveiled its Environmental, Social, and Governance (ESG) goals for 2022 and beyond, showcasing the company’s on-going commitment to corporate social responsibility. The goals, based on feedback received…

Veeco Reports Fourth Quarter and Fiscal Year 2021 Financial Results

Fourth Quarter 2021 Highlights: Revenues of $153.0 million, compared with $138.9 million in the same period last year GAAP net income of $8.2 million, or $0.15 per diluted share, compared with a net loss of $0.1 million, or $(0.00) per diluted share in the same period last year Non-GAAP net income …

Veeco’s Laser Annealing Platform Wins Multi-System Orders and Production Tool of Record Status at Leading Semiconductor Manufacturer

Veeco Instruments Inc. (NASDAQ: VECO) announced today that multiple leading semiconductor manufacturers have placed repeat, multi-system orders for Veeco’s LSA101 and LSA201 Laser Annealing Systems. In addition, a leading-edge logic customer that has been evaluating Veeco’s LSA system has now design…

Veeco’s Laser Annealing Platform Wins Multi-System Orders and Production Tool of Record Status at a Leading Semiconductor Manufacturer

Veeco Instruments Inc. (NASDAQ: VECO) announced today that multiple leading semiconductor manufacturers have placed repeat, multi-system orders for Veeco’s LSA101 and LSA201 Laser Annealing Systems. In addition, a leading-edge logic customer that has been evaluating Veeco’s LSA system has now design…
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Veeco Blogs

Solving Challenges for Next-Generation Advanced Packaging Lithography Processes

In the world of microelectronics manufacturing, the process of connecting integrated circuit (IC) die to the printed circuit board (PCB) is called semiconductor packaging. Traditionally, the interconnect method used between ICs and their packaging has been wire bonding. For more advanced technology …

Market Opportunity Looms Large for microLED Technology

By Anil Vijayendran, Veeco’s Vice President, Strategic Marketing MicroLED technology offers great promise for a number of applications, with cost challenges lingering as the primary factor limiting its widespread adoption. But change is on the horizon. This post—the first of a series focused on micr…

Multinational Semiconductor Company Orders Multiple Veeco Wet Processing Systems for Advanced Packaging Applications

Plainview, N.Y. — Veeco Instruments Inc. (NASDAQ: VECO) today announced that a world-leading semiconductor manufacturer has ordered multiple Veeco WaferStorm® Wet Processing Systems for advanced packaging applications. The systems were chosen due to the low cost of ownership advantage and process pe…

Veeco’s Laser Annealing Platform Wins Multi-System Orders and Production Tool of Record Status at a Leading Semiconductor Manufacturer

Proven Laser Annealing Platform Improves Semiconductor Device Performance and Yield PLAINVIEW, N.Y. — Veeco Instruments Inc. (NASDAQ: VECO) announced today that multiple leading semiconductor manufacturers have placed repeat, multi-system orders for Veeco’s LSA101 and LSA201 Laser Annealing Systems.…

Veeco’s Laser Annealing Platform Wins Multi-System Orders and Production Tool of Record Status at Leading Semiconductor Manufacturer

https://www.globenewswire.com/news-release/2022/02/16/2386633/0/en/Veeco-s-Laser-Annealing-Platform-Wins-Multi-System-Orders-and-Production-Tool-of-Record-Status-at-Leading-Semiconductor-Manufacturer.html The post Veeco’s Laser Annealing Platform Wins Multi-System Orders and Production Tool of Recor…

Veeco Reports Fourth Quarter and Fiscal Year 2021 Financial Results

Fourth Quarter 2021 Highlights: Revenues of $153.0 million, compared with $138.9 million in the same period last year GAAP net income of $8.2 million, or $0.15 per diluted share, compared with a net loss of $0.1 million, or $(0.00) per diluted share in the same period last year Non-GAAP net income o…
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Veeco Frequently Asked Questions

  • When was Veeco founded?

    Veeco was founded in 1945.

  • Who are Veeco key executives?

    Veeco's key executives are William J Miller, Bill Miller and John P Kiernan.

  • How many employees does Veeco have?

    Veeco has 1,091 employees.

  • What is Veeco revenue?

    Latest Veeco annual revenue is $583.3 m.

  • What is Veeco revenue per employee?

    Latest Veeco revenue per employee is $534.6 k.

  • Who are Veeco competitors?

    Competitors of Veeco include Infineon Technologies Americas, Applied Materials Israel and TRUMPF North America.

  • Where is Veeco headquarters?

    Veeco headquarters is located at 1 Terminal Dr, Plainview.

  • Where are Veeco offices?

    Veeco has offices in Plainview, Franklin Township, Horsham, San Jose and in 10 other locations.

  • How many offices does Veeco have?

    Veeco has 16 offices.