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 Ratings3.8More
Overall CultureD-More
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Latest Updates

Employees (est.) (Dec 2019)954(-8%)
Revenue (FY, 2019)$419.3 M(-22%)
Share Price (Jan 2021)$19.9 (-4%)
Cybersecurity ratingCMore

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
Monica Demarco

Monica Demarco

Vice President, Quality, CSAT & Business Excellence
Ajit Paranjpe

Ajit Paranjpe

Chief Technology Officer
Mark Harris

Mark Harris

Senior Vice President, Global Operations
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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
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Veeco Financials and Metrics

Veeco Revenue

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Veeco's revenue was reported to be $419.35 m in FY, 2019
USD

Revenue (Q3, 2020)

112.1m

Gross profit (Q3, 2020)

49.1m

Gross profit margin (Q3, 2020), %

43.8%

Net income (Q3, 2020)

580.0k

EBIT (Q3, 2020)

7.0m

Market capitalization (15-Jan-2021)

988.8m

Closing stock price (15-Jan-2021)

19.9

Cash (30-Sept-2020)

147.6m

EV

1.2b
Veeco's current market capitalization is $988.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

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

Cost of goods sold

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

Gross profit

474.3m215.1m103.1m134.9m177.2m132.9m184.3m193.7m158.2m
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, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

40.8m32.2m22.2m15.0m

Inventories

113.4m59.8m59.7m61.5m77.5m77.1m120.3m156.3m133.1m
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, 2019

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

8.1m(12.1m)7.5m(5.5m)9.5m(24.2m)12.2m(19.7m)(26.9m)
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

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
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Veeco Operating Metrics

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

Backlog

$286.70 m$186 m$209.20 m

Countries

10 10

Facilities

16 14 12

Patents Issued

300 300 300
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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

C

70/100

Learn more about our premium products
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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

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Veeco News and Updates

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…
January 21, 2020

Veeco Announces Date for Fourth Quarter and Year-End 2019 Financial Results and Conference Call

PLAINVIEW, N.Y., Jan. 21, 2020 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full year 2019 financial results after the market close on Thursday, February 13, 2020. The company will host a conference call to review these results starting at 4:30p…
February 11, 2019

Veeco Reports Fourth Quarter and Fiscal Year 2018 Financial Results

Fourth Quarter 2018 Highlights:
November 01, 2018

Veeco Reports Third Quarter 2018 Financial Results

Third Quarter 2018 Highlights:
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Veeco Blogs

January 11, 2021

Key Taiwanese Influencer Names Veeco to International Consortium Aimed at Enabling Semiconductor Technology Roadmap

National Chiao Tung University to Utilize Propel MOCVD Platform for GaN Power and 5G Device Production Plainview, N.Y., Jan. 11, 2021—Veeco Instruments Inc. (NASDAQ: VECO) today announced that National Chiao Tung University (NCTU), based in Hsinchu, Taiwan, has selected Veeco to be an essential coll…
January 04, 2021

Veeco Announces Upcoming Investor Event

PLAINVIEW, N.Y., Jan. 04, 2021 (GLOBE NEWSWIRE) — Veeco Instruments Inc. (NASDAQ: VECO) today announced that management is scheduled to present at the Needham Virtual Growth Conference at 5:00 PM ET on Tuesday, January 12, 2021. The presentation will be broadcast live and can be accessed on the inve…
November 30, 2020

Global Semiconductor Company Selects Veeco MOCVD Platform for GaN-Based Power Electronics and 5G RF Devices

Plainview, N.Y. — Veeco Instruments Inc. (NASDAQ: VECO) today announced that Transphorm, Inc. (OTCQB:TGAN), a global supplier of gallium nitride (GaN) products for high voltage power conversion applications, has selected Veeco’s Propel™ HVM MOCVD System for high-volume production of GaN-based RF (Do…
October 27, 2020

OSRAM Selects Veeco’s Lumina MOCVD System for High-End LED Production and to Drive Next Generation Products

PLAINVIEW, N.Y.– Veeco Instruments Inc. (NASDAQ: VECO) today announced that OSRAM Opto Semiconductors, a leading manufacturer of optoelectronic components, has qualified Veeco’s Lumina® MOCVD System for production of high-end LEDs and to drive the next generation of advanced photonic devices. “Being…
October 27, 2020

Veeco Reports Third Quarter 2020 Financial Results

  Third Quarter 2020 Highlights: Revenues of $112.1 million, compared with $109.0 million in the same period last year GAAP net income of $0.6 million, or $0.01 per diluted share, compared with a loss of $11.8 million, or $0.25 loss per diluted share in the same period last year Non-GAAP net income …
October 20, 2020

Aledia Selects Veeco’s 300mm MOCVD Platform for MicroLED and Advanced Display Applications

Propel™ Platform First 300mm System with EFEM Designed for Advanced Display Applications Plainview, N.Y.— Veeco Instruments Inc. (NASDAQ: VECO) today announced that Aledia, a developer and manufacturer of next-generation advanced display applications, has selected Veeco’s Propel 300 HVM metal organi…
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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 $419.3 m.

  • What is Veeco revenue per employee?

    Latest Veeco revenue per employee is $439.6 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.