Veeco

OverviewSuggest Edit

Veeco develops, manufactures, sells, and supports semiconductor process equipment. 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. 

TypePublic
Founded1945
HQPlainview, NY, USMap
Websiteveeco.com
Employee Ratings3.9More
Overall CultureD-More
View Jobs (46)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)954(-8%)
Job Openings46
Revenue (FY, 2020)$454.2 M(+9%)
Share Price (May 2021)$22.7
Cybersecurity ratingBMore

Key People/Management at Veeco

William J. Miller

William J. Miller

Chief Executive Officer & Director
John P. Kiernan

John P. Kiernan

Senior Vice President and Chief Financial Officer
Robert Bradshaw

Robert Bradshaw

Chief Administrative Officer
Peter J. Simone

Peter J. Simone

Director
Monica Demarco

Monica Demarco

Vice President, Quality, CSAT & Business Excellence
Ajit Paranjpe

Ajit Paranjpe

Chief Technology Officer
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Veeco Office Locations

Veeco has offices in Plainview, Franklin Township, Horsham, San Jose and in 12 other locations
Plainview, NY, US (HQ)
1 Terminal Dr
Franklin Township, NJ, US
145 Belmont Dr, Somerset
Franklin Township, NJ, US
394 Elizabeth Ave, Somerset
Horsham, PA, US
185 Gibraltar Rd
San Jose, CA, US
3050 Zanker Rd
Waltham, MA, US
130 Turner St Building 2
Show all (17)

Veeco Financials and Metrics

Veeco Revenue

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Veeco's revenue was reported to be $454.16 m in FY, 2020
USD

Revenue (FY, 2020)

454.2m

Gross profit (FY, 2020)

194.3m

Gross profit margin (FY, 2020), %

42.8%

Net income (FY, 2020)

(8.4m)

EBIT (FY, 2020)

22.6m

Market capitalization (7-May-2021)

1.1b

Closing stock price (7-May-2021)

22.7

Cash (31-Dec-2020)

129.6m

EV

1.3b
Veeco's current market capitalization is $1.1 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

979.1m516.0m331.7m392.9m477.0m332.5m484.8m542.1m419.3m454.2m

Revenue growth, %

(36%)18%21%(30%)46%

Cost of goods sold

504.8m300.9m228.6m258.0m299.8m199.6m300.4m348.4m261.2m259.9m

Gross profit

474.3m215.1m103.1m134.9m177.2m132.9m184.3m193.7m158.2m194.3m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

254.7m264.8m268.0m139.9m136.5m132.7m61.8m97.4m99.3m90.8m95.1m93.3m98.3m131.4m140.7m78.0m75.3m85.5m94.4m115.1m131.9m158.6m316.4m126.8m99.4m97.8m109.0m104.5m98.6m112.1m

Cost of goods sold

125.3m164.7m143.0m74.6m75.3m82.8m39.2m62.8m69.0m57.1m64.4m60.8m63.2m82.3m86.5m46.1m43.9m52.0m60.2m76.3m78.8m101.9m204.3m80.4m64.7m61.5m66.7m58.1m56.7m62.9m

Gross profit

129.3m100.1m124.9m65.3m61.3m49.9m22.6m34.6m30.3m33.8m30.7m32.6m35.1m49.1m54.3m32.0m31.4m33.5m34.2m38.7m53.1m56.7m112.1m46.4m34.7m36.3m42.2m46.4m41.9m49.1m

Gross profit Margin, %

51%38%47%47%45%38%37%36%31%37%32%35%36%37%39%41%42%39%36%34%40%36%35%37%35%37%39%44%42%44%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

217.9m384.6m210.8m270.8m269.2m277.4m279.7m212.3m129.3m129.6m

Accounts Receivable

95.0m63.2m23.8m60.1m49.5m58.0m98.9m66.8m45.7m80.0m

Prepaid Expenses

40.8m32.2m22.2m15.0m19.3m

Inventories

113.4m59.8m59.7m61.5m77.5m77.1m120.3m156.3m133.1m145.9m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

276.8m197.7m213.2m275.3m317.0m387.0m223.1m241.5m247.7m214.7m232.3m264.0m303.1m313.9m334.1m243.7m257.6m274.0m423.7m205.6m235.3m245.5m196.4m213.5m169.4m161.7m135.3m162.3m188.2m147.6m

Accounts Receivable

94.0m128.0m115.2m90.3m95.1m60.3m42.9m44.7m37.8m50.7m58.3m61.6m64.3m83.1m46.8m56.1m41.7m50.5m51.4m108.3m113.8m108.2m133.8m90.8m74.9m58.9m72.7m84.3m67.3m80.2m

Prepaid Expenses

69.9m60.1m27.9m28.6m23.4m24.9m26.4m23.8m16.4m18.5m15.9m

Inventories

121.3m113.3m127.5m103.3m90.7m74.4m67.7m64.1m57.6m52.1m48.4m46.6m57.2m63.6m70.0m77.2m90.8m86.7m64.7m119.9m113.7m131.0m145.9m149.8m148.1m139.7m135.2m129.6m136.6m143.5m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

128.0m30.9m(42.3m)(66.9m)(32.0m)(122.2m)(44.8m)(407.1m)(78.7m)(8.4m)

Depreciation and Amortization

12.9m16.2m18.4m24.6m27.6m19.2m50.1m50.0m34.4m30.7m

Inventories

(19.4m)53.9m2.8m(2.2m)(39.0k)6.7m6.3m(24.7m)15.0m(11.5m)

Accounts Payable

8.1m(12.1m)7.5m(5.5m)9.5m(24.2m)12.2m(19.7m)(26.9m)16.0m
Quarterly
USDQ1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

52.6m71.8m107.7m16.4m28.2m11.8m(10.1m)(4.1m)(6.0m)19.2m3.9m(14.0m)(19.1m)(27.5m)(22.2m)(15.5m)(47.6m)(117.2m)1.1m(17.3m)(21.9m)(15.8m)(253.5m)(262.4m)(18.5m)(34.1m)(45.9m)(567.0k)(8.9m)(8.3m)

Depreciation and Amortization

3.3m7.0m9.3m3.7m7.8m11.6m10.7m21.7m30.8m8.6m17.3m26.0m5.8m15.6m17.7m32.3m41.1m8.8m17.3m25.8m7.7m15.4m23.0m

Inventories

(12.8m)(26.1m)(32.6m)10.6m22.9m12.1m113.7m(17.7m)8.5m8.5m17.9m2.4m(4.5m)(10.3m)

Accounts Payable

6.5m27.7m12.5m(2.2m)(7.8m)(8.0m)11.2m19.0m368.0k(2.2m)(9.2m)(14.0m)642.0k(7.1m)53.7m2.0m11.8m(4.0m)(12.3m)(26.0m)(16.0m)14.5m5.8m11.1m
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USDQ1, 2011

Financial Leverage

1.4 x
Show all financial metrics

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 Revenue Breakdown

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Veeco revenue breakdown by business segment: 52.4% from Lighting, Display & Power Electronics, 14.3% from Advanced Packaging, MEMS & RF, 24.9% from Scientific & Industrial and 8.4% from Front-End Semiconductor

Veeco revenue breakdown by geographic segment: 42.4% from Rest of World, 22.2% from China , 19.6% from United States and 15.8% from EMEA

Veeco Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

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Veeco Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Veeco Online and Social Media Presence

Veeco's Trends

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Veeco Company Culture

  • Overall Culture

    D-

    51/100

  • CEO Rating

    F

    50/100

  • Compensation

    D

    52/100

Learn more on Comparably

Veeco News and Updates

May 06, 2021

Veeco Announces Upcoming Investor Events

PLAINVIEW, N.Y., May 06, 2021 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to participate in the following virtual events:
April 16, 2021

Veeco Announces Date for First Quarter 2021 Financial Results and Conference Call

PLAINVIEW, N.Y., April 16, 2021 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2021 financial results after the market closes on Tuesday, May 4, 2021. The company will host a conference call to review these results starting at 5:00pm ET that day.
January 25, 2021

Veeco Announces Date for Fourth Quarter and Year-End 2020 Financial Results and Conference Call

PLAINVIEW, N.Y., Jan. 25, 2021 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full year 2020 financial results after the market closes on Thursday, February 11, 2021. The company will host a conference call to review these results starting at 5:00…
November 12, 2020

Veeco Announces Exchange Transaction to Retire $125 Million of Its 2.70% Convertible Senior Notes Due 2023

PLAINVIEW, N.Y., Nov. 12, 2020 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (“Veeco”) (NASDAQ: VECO) today announced that it has entered into a privately negotiated exchange agreement under which it will retire $125.0 million in aggregate principal amount of Veeco’s outstanding 2.70% Convertible Sen…
October 07, 2020

Veeco Announces Date for Third Quarter 2020 Financial Results and Conference Call

PLAINVIEW, N.Y., Oct. 07, 2020 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its third quarter 2020 financial results after the market closes on Tuesday, October 27, 2020. The company will host a conference call to review these results starting at 5:00pm ET that day.
August 12, 2020

Leading European Research Institute Chooses Veeco MOCVD Platform for Wireless and Broadband Communication Applications

PLAINVIEW, N.Y., Aug. 12, 2020 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced that IHP Microelectronics, based in Frankfurt, Germany, has selected Veeco’s TurboDisc® metal organic chemical vapor deposition (MOCVD) system for the development of high-performance, silicon-b…
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Veeco Blogs

May 04, 2021

Veeco Reports First Quarter 2021 Financial Results

The post Veeco Reports First Quarter 2021 Financial Results appeared first on Veeco.
March 18, 2021

Ion Beam Etching Applications in RF Filter Processing

Introduction 5G technology focuses on delivering enhanced mobile broadband services to consumers. Advancements in 5G wireless communication come with faster download/upload speeds, reduction of cost per data bit, lower latency, and more. In a world of increased connectivity, 5G is enabling and essen…
March 11, 2021

Do You Have the Right Process Tools for Manufacturing Photonics Devices in High Volume?

The growth outlook for the photonics market is promising thanks to the exploding demand for data—particularly in the midst of the global stay-at-home economy—and the rise in cloud computing and IoT applications. According to Yole Développement, by 2025, the data transmission market will nearly doubl…
February 25, 2021

Veeco Announces Capacity Expansion Plan for Laser Annealing Technology That Serves the World’s Leading Semiconductor Customers

Plainview, N.Y., February 25, 2021—Veeco Instruments Inc. (NASDAQ: VECO) today announced plans to expand its manufacturing capabilities in San Jose, California to meet growing demand for its advanced laser annealing technology that serves the world’s leading semiconductor technology companies. Veeco…
February 11, 2021

Veeco Reports Fourth Quarter and Fiscal Year 2020 Financial Results

Fourth Quarter 2020 Highlights: Revenues of $138.9 million, compared with $113.2 million in the same period last year GAAP net loss of $0.1 million, or $(0.00) per diluted share, compared with a loss of $32.9 million, or $0.69 loss per diluted share in the same period last year Non-GAAP net income o…
January 26, 2021

The Application Specific Evolution of Single Wafer Wet Etch Tools

By John Taddei, Director, Process Development Engineering Semiconductor design has always been driven by the need to increase computational output per unit space while reducing power required to complete the task. The rate of this improvement has been characterized by Moore’s Law. Historically this …
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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, John P. Kiernan and Robert Bradshaw.

  • How many employees does Veeco have?

    Veeco has 954 employees.

  • What is Veeco revenue?

    Latest Veeco annual revenue is $454.2 m.

  • What is Veeco revenue per employee?

    Latest Veeco revenue per employee is $476.1 k.

  • Who are Veeco competitors?

    Competitors of Veeco include Hemlock Semiconductor, Shanghai Friendess Electronic Technology and Amlogic Shanghai.

  • 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 12 other locations.

  • How many offices does Veeco have?

    Veeco has 17 offices.