# VEECO INSTRUMENTS INC

Summary updated: 2026-10-03T22:20:03.158901Z
Canonical: https://finbar.com/research/companies/veeco-instruments-inc

## Overview

Veeco Instruments Inc. develops and manufactures semiconductor process equipment used to engineer materials and fabricate advanced electronic and photonic devices. Its portfolio includes ion-beam, laser-annealing, MOCVD/CVD, lithography, wet-processing, MBE and ALD systems, serving applications such as advanced chips and packaging, communications, photonics, displays and magnetic storage. [1](https://app.finbar.com/go?id=P116634394)[2](https://app.finbar.com/go?id=T13384707)

The company states its mission is “to collaborate with leading technology companies to unlock challenging material applications.” Veeco serves customers across Asia-Pacific, Europe and North America, with development, manufacturing, sales and service operations in those regions; it is headquartered in Plainview, New York. [3](https://www.veeco.com/company/)[1](https://app.finbar.com/go?id=P116634394)[4](https://ir.veeco.com/investors/faqs/default.aspx) Founded in 1945, Veeco reported fiscal 2025 net sales of $664.3 million and had 1,265 employees at year-end. [5](https://www.veeco.com/company/history/)[6](https://app.finbar.com/go?id=T9773941)[7](https://www.sec.gov/Archives/edgar/data/103145/000110465926019711/veco-20251231x10k.htm)
[1](https://app.finbar.com/go?id=P116634394)[2](https://app.finbar.com/go?id=T13384707)[6](https://app.finbar.com/go?id=T9773941)[3](https://www.veeco.com/company/)[4](https://ir.veeco.com/investors/faqs/default.aspx)[5](https://www.veeco.com/company/history/)[7](https://www.sec.gov/Archives/edgar/data/103145/000110465926019711/veco-20251231x10k.htm)

## Products & services

Veeco’s laser-processing products include LSA systems, which use millisecond anneals for advanced-logic applications such as ultra-shallow junctions and source/drain contacts, and the NSA nanosecond platform, designed for low-thermal-budget processing in logic, memory and 3D integration. The company also offers ion-beam deposition and etch systems, including NEXUS IBD/IBE and IBD300, for depositing or etching thin films in semiconductor, data-storage and other applications; SPECTOR provides ion-beam sputtering for precision optical coatings. [8](https://app.finbar.com/go?id=P89570538)[9](https://app.finbar.com/go?id=P54500965)[10](https://app.finbar.com/go?id=P39527479)[11](https://app.finbar.com/go?id=P97284575)[12](https://www.veeco.com/products/lsa-201-ambient-control-laser-spike-anneal-system/)[13](https://www.veeco.com/products/nexus-ibd-ion-beam-deposition-system/)

Its compound-semiconductor deposition products use the TurboDisc MOCVD platform. Lumina/Lumina+ systems serve photonics applications such as InP lasers, while Propel systems target GaN power electronics, RF and photonics; Veeco also offers SiC CVD equipment. Other deposition technologies include molecular beam epitaxy (MBE), for precise epitaxial crystalline layers, and atomic layer deposition (ALD), which enables uniform films with atomic-scale thickness control. [14](https://app.finbar.com/go?id=P84092310)[15](https://app.finbar.com/go?id=P86164100)[16](https://app.finbar.com/go?id=P26940047)[17](https://app.finbar.com/go?id=P24442339)[18](https://www.veeco.com/products/lumina-mocvd-systems/)[19](https://www.veeco.com/products/propel-power-gan-mocvd-system-for-power-electronics/)[20](https://www.veeco.com/products/genxplor-rd-mbe-system/)

For packaging and wafer processing, Veeco sells AP200/300 lithography systems for advanced packaging, WaferStorm solvent-cleaning systems and WaferEtch systems for uniform, selective etching. Its services include warranty and service contracts, parts, upgrades, service calls and customer support. Parts, upgrades, service and support together accounted for about 25% of 2025 net sales; the company does not report a separate revenue percentage for each equipment product family. [21](https://app.finbar.com/go?id=P30127608)[22](https://app.finbar.com/go?id=P112462938)[23](https://app.finbar.com/go?id=P103893316)[24](https://www.veeco.com/products/ap200-300-lithography-systems/)[25](https://www.veeco.com/products/waferstorm-wet-processing-platformm-platform/)[26](https://www.veeco.com/products/waferetch-wet-processing-platform/)
[8](https://app.finbar.com/go?id=P89570538)[9](https://app.finbar.com/go?id=P54500965)[10](https://app.finbar.com/go?id=P39527479)[11](https://app.finbar.com/go?id=P97284575)[14](https://app.finbar.com/go?id=P84092310)[15](https://app.finbar.com/go?id=P86164100)[16](https://app.finbar.com/go?id=P26940047)[17](https://app.finbar.com/go?id=P24442339)[21](https://app.finbar.com/go?id=P30127608)[22](https://app.finbar.com/go?id=P112462938)[23](https://app.finbar.com/go?id=P103893316)[12](https://www.veeco.com/products/lsa-201-ambient-control-laser-spike-anneal-system/)[13](https://www.veeco.com/products/nexus-ibd-ion-beam-deposition-system/)[18](https://www.veeco.com/products/lumina-mocvd-systems/)[19](https://www.veeco.com/products/propel-power-gan-mocvd-system-for-power-electronics/)[20](https://www.veeco.com/products/genxplor-rd-mbe-system/)[24](https://www.veeco.com/products/ap200-300-lithography-systems/)[25](https://www.veeco.com/products/waferstorm-wet-processing-platformm-platform/)[26](https://www.veeco.com/products/waferetch-wet-processing-platform/)

## Geographic presence

Veeco’s 2025 customer sales were geographically concentrated in Asia-Pacific: Rest of APAC generated $330.2 million (49.7% of sales), China $181.8 million (27.4%), the United States $101.4 million (15.3%), and EMEA $50.8 million (7.6%); Rest of World accounted for less than 0.1%. Taiwan and Japan, reported within Rest of APAC, contributed $178.8 million and $69.0 million, respectively. [27](https://app.finbar.com/go?id=T1687672)[28](https://app.finbar.com/go?id=P57987384)

At year-end 2025, Veeco had 1,265 employees across 13 countries: 923 in the United States, 297 in Asia-Pacific, and 45 in EMEA. Its listed R&D facilities are in San Jose, California; Plainview, New York; Horsham, Pennsylvania; Somerset, New Jersey; St. Paul, Minnesota; and Waltham, Massachusetts. The company also lists leased sales and service offices in China, Germany, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand, and Taiwan. [29](https://app.finbar.com/go?id=P100739698)[30](https://app.finbar.com/go?id=P97071787)[31](https://app.finbar.com/go?id=P99415121) Veeco identifies Plainview, New York, as its corporate headquarters, and describes its San Jose site as a manufacturing facility with engineering-lab and office space. [32](https://www.veeco.com/contact-us/)[33](https://www.veeco.com/company/news/veeco-ships-first-laser-annealing-system-from-new-san-jose-manufacturing-facility-designed-to-serve-the-semiconductor-market/)
[27](https://app.finbar.com/go?id=T1687672)[28](https://app.finbar.com/go?id=P57987384)[29](https://app.finbar.com/go?id=P100739698)[30](https://app.finbar.com/go?id=P97071787)[31](https://app.finbar.com/go?id=P99415121)[32](https://www.veeco.com/contact-us/)[33](https://www.veeco.com/company/news/veeco-ships-first-laser-annealing-system-from-new-san-jose-manufacturing-facility-designed-to-serve-the-semiconductor-market/)

## Business segments

Veeco Instruments reports one operating segment and one reportable segment: developing, manufacturing, selling and supporting semiconductor and thin-film process equipment. Its four end-market categories are not separate reportable segments. [34](https://app.finbar.com/go?id=P147168409)[35](https://app.finbar.com/go?id=P52181320)

For the year ended December 31, 2025, net sales were approximately 72% Semiconductor, 9% Compound Semiconductor, 6% Data Storage and 13% Scientific & Other. In the first half of 2026, the respective shares were approximately 68%, 11%, 10% and 11% of net sales. [36](https://app.finbar.com/go?id=T8702399)[37](https://app.finbar.com/go?id=T16838087)

The Semiconductor market includes wafer-processing equipment for logic and memory, such as deposition, etching, masking and doping, as well as laser annealing, EUV mask-blank deposition and advanced packaging. [2](https://app.finbar.com/go?id=T13384707) Compound Semiconductor serves power electronics, photonics, RF and solar applications, with technologies including MOCVD, MBE, ALD, ion-beam processing and SiC CVD. [38](https://app.finbar.com/go?id=T11540315)[39](https://app.finbar.com/go?id=P50649096) Data Storage equipment supports hard-disk-drive magnetic-head production and includes ion-beam and physical-vapor deposition, etching, lapping and dicing, and wet processing. [40](https://app.finbar.com/go?id=P147168419)[38](https://app.finbar.com/go?id=T11540315) Scientific & Other primarily serves governments, universities and research institutions, with equipment used in scientific, optical-coating and other applications. [41](https://app.finbar.com/go?id=P82913832)
[34](https://app.finbar.com/go?id=P147168409)[35](https://app.finbar.com/go?id=P52181320)[36](https://app.finbar.com/go?id=T8702399)[37](https://app.finbar.com/go?id=T16838087)[2](https://app.finbar.com/go?id=T13384707)[38](https://app.finbar.com/go?id=T11540315)[39](https://app.finbar.com/go?id=P50649096)[40](https://app.finbar.com/go?id=P147168419)[41](https://app.finbar.com/go?id=P82913832)

## Company history

Veeco traces its origins to December 1945, when Vacuum Electronic Equipment Co. began specializing in leak detectors. In 1989, a management buyout led by COO Edward H. Braun refocused the company on semiconductor and data-storage equipment; Veeco went public on Nasdaq in 1994. [5](https://www.veeco.com/company/history/)[42](https://avs.org/about-avs/history/historical-interviews/albert-nerken-1990/)[43](https://www.veeco.com/history-timeline/1945-2/)[44](https://www.veeco.com/history-timeline/1945-3/)

From 1997 to 2003, Veeco expanded through acquisitions including Wyko, Ion Tech, Applied EPI, and EMCORE’s TurboDisc MOCVD business, broadening its metrology, deposition, and epitaxy technologies. It sold its AFM and optical industrial metrology businesses to Bruker in 2010. Veeco later added single-wafer wet processing through its 2014 acquisition of Solid State Equipment Holdings and lithography and laser-annealing technologies through its 2017 acquisition of Ultratech. [45](https://www.bruker.com/en/products-and-solutions/test-and-measurement/3d-optical-profilers/wyko-veeco-history.html)[5](https://www.veeco.com/company/history/)[46](https://www.sec.gov/Archives/edgar/data/103145/000104746903035991/a2121934zex-99_1.htm)[47](https://ir.veeco.com/news-and-events/news-details/2010/Veeco-Announces-Sale-of-Metrology-Business-to-Bruker-Corporation/default.aspx)[48](https://ir.veeco.com/news-and-events/news-details/2014/Veeco-Completes-Acquisition-of-Solid-State-Equipment-Holdings-LLC/default.aspx)[49](https://ir.veeco.com/news-and-events/news-details/2017/Veeco-Completes-Acquisition-of-Ultratech/default.aspx)

Edward H. Braun became CEO following the 1989 buyout; John R. Peeler succeeded him in 2007, and William J. Miller became CEO in 2018. Veeco announced an all-stock merger agreement with Axcelis in September 2025; shareholders of both companies approved the agreement in February 2026. [50](https://www.sec.gov/Archives/edgar/data/103145/000110465907041090/a07-14626_18k.htm)[51](https://ir.veeco.com/news-and-events/news-details/2018/Veeco-Announces-Changes-to-Executive-Leadership-Team/default.aspx)[52](https://ir.veeco.com/news-and-events/news-details/2025/Axcelis-Technologies-and-Veeco-Instruments-to-Combine-Creating-a-Leading-Semiconductor-Equipment-Company-2025-ueyd_cjQXq/default.aspx)[53](https://app.finbar.com/go?id=P147168428)
[53](https://app.finbar.com/go?id=P147168428)[5](https://www.veeco.com/company/history/)[42](https://avs.org/about-avs/history/historical-interviews/albert-nerken-1990/)[43](https://www.veeco.com/history-timeline/1945-2/)[44](https://www.veeco.com/history-timeline/1945-3/)[45](https://www.bruker.com/en/products-and-solutions/test-and-measurement/3d-optical-profilers/wyko-veeco-history.html)[46](https://www.sec.gov/Archives/edgar/data/103145/000104746903035991/a2121934zex-99_1.htm)[47](https://ir.veeco.com/news-and-events/news-details/2010/Veeco-Announces-Sale-of-Metrology-Business-to-Bruker-Corporation/default.aspx)[48](https://ir.veeco.com/news-and-events/news-details/2014/Veeco-Completes-Acquisition-of-Solid-State-Equipment-Holdings-LLC/default.aspx)[49](https://ir.veeco.com/news-and-events/news-details/2017/Veeco-Completes-Acquisition-of-Ultratech/default.aspx)[50](https://www.sec.gov/Archives/edgar/data/103145/000110465907041090/a07-14626_18k.htm)[51](https://ir.veeco.com/news-and-events/news-details/2018/Veeco-Announces-Changes-to-Executive-Leadership-Team/default.aspx)[52](https://ir.veeco.com/news-and-events/news-details/2025/Axcelis-Technologies-and-Veeco-Instruments-to-Combine-Creating-a-Leading-Semiconductor-Equipment-Company-2025-ueyd_cjQXq/default.aspx)

## Sources

1. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P116634394)
2. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T13384707)
3. [www.veeco.com](https://www.veeco.com/company/)
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6. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T9773941)
7. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/103145/000110465926019711/veco-20251231x10k.htm)
8. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P89570538)
9. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P54500965)
10. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39527479)
11. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97284575)
12. [www.veeco.com](https://www.veeco.com/products/lsa-201-ambient-control-laser-spike-anneal-system/)
13. [www.veeco.com](https://www.veeco.com/products/nexus-ibd-ion-beam-deposition-system/)
14. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P84092310)
15. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86164100)
16. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P26940047)
17. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P24442339)
18. [www.veeco.com](https://www.veeco.com/products/lumina-mocvd-systems/)
19. [www.veeco.com](https://www.veeco.com/products/propel-power-gan-mocvd-system-for-power-electronics/)
20. [www.veeco.com](https://www.veeco.com/products/genxplor-rd-mbe-system/)
21. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30127608)
22. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112462938)
23. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P103893316)
24. [www.veeco.com](https://www.veeco.com/products/ap200-300-lithography-systems/)
25. [www.veeco.com](https://www.veeco.com/products/waferstorm-wet-processing-platformm-platform/)
26. [www.veeco.com](https://www.veeco.com/products/waferetch-wet-processing-platform/)
27. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1687672)
28. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P57987384)
29. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P100739698)
30. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P97071787)
31. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99415121)
32. [www.veeco.com](https://www.veeco.com/contact-us/)
33. [www.veeco.com](https://www.veeco.com/company/news/veeco-ships-first-laser-annealing-system-from-new-san-jose-manufacturing-facility-designed-to-serve-the-semiconductor-market/)
34. [VEECO INSTRUMENTS INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147168409)
35. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P52181320)
36. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8702399)
37. [VEECO INSTRUMENTS INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16838087)
38. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=T11540315)
39. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P50649096)
40. [VEECO INSTRUMENTS INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147168419)
41. [VEECO INSTRUMENTS INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P82913832)
42. [avs.org](https://avs.org/about-avs/history/historical-interviews/albert-nerken-1990/)
43. [www.veeco.com](https://www.veeco.com/history-timeline/1945-2/)
44. [www.veeco.com](https://www.veeco.com/history-timeline/1945-3/)
45. [www.bruker.com](https://www.bruker.com/en/products-and-solutions/test-and-measurement/3d-optical-profilers/wyko-veeco-history.html)
46. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/103145/000104746903035991/a2121934zex-99_1.htm)
47. [ir.veeco.com](https://ir.veeco.com/news-and-events/news-details/2010/Veeco-Announces-Sale-of-Metrology-Business-to-Bruker-Corporation/default.aspx)
48. [ir.veeco.com](https://ir.veeco.com/news-and-events/news-details/2014/Veeco-Completes-Acquisition-of-Solid-State-Equipment-Holdings-LLC/default.aspx)
49. [ir.veeco.com](https://ir.veeco.com/news-and-events/news-details/2017/Veeco-Completes-Acquisition-of-Ultratech/default.aspx)
50. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/103145/000110465907041090/a07-14626_18k.htm)
51. [ir.veeco.com](https://ir.veeco.com/news-and-events/news-details/2018/Veeco-Announces-Changes-to-Executive-Leadership-Team/default.aspx)
52. [ir.veeco.com](https://ir.veeco.com/news-and-events/news-details/2025/Axcelis-Technologies-and-Veeco-Instruments-to-Combine-Creating-a-Leading-Semiconductor-Equipment-Company-2025-ueyd_cjQXq/default.aspx)
53. [VEECO INSTRUMENTS INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P147168428)

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