Veeco Reports Q3 2026 Revenue Growth Driven by Compound Semiconductors
Veeco Instruments Inc. (VECO) reported third-quarter revenue of $209.4 million, a significant increase from the $165.9 million recorded in the same period last year. The growth was largely propelled by a 96% sequential surge in compound semiconductor revenue and strong performance in data storage segments. Despite the top-line strength, non-GAAP gross margins fell to 39.1%, missing internal expectations due to rising supply chain costs and product mix issues. The company provided optimistic long-term guidance, targeting annual revenue exceeding $1 billion in 2027, fueled by investments in AI infrastructure and advanced logic architectures. To meet this demand, Veeco plans to more than double its manufacturing capacity in 2027 through internal expansions and partnerships in Southeast Asia and the United States.
Tickers: $AAPL $AMZN $GOOG $META $MSFT $NVDA $TSLA $VECO
Topics: AI infrastructure financial guidance revenue growth semiconductor revenue