Veeco Instruments Inc (VECO)

NASD · Technology · Semiconductor Equipment & Materials · USA

Veeco Instruments Inc is a mid cap company (market value between $2 billion and $10 billion) in the Semiconductor Equipment & Materials industry.

Veeco Instruments manufactures advanced semiconductor process equipment using ion beam, laser annealing, MOCVD, CVD, advanced packaging lithography, wet processing, MBE, and ALD technologies. The company serves customers in semiconductor, compound semiconductor, data storage, and scientific markets globally, enabling fabrication of devices for AI chips, high-performance computing, mobile devices, 5G networks, photonics, and data storage applications.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the Veeco Instruments Inc stock.

Our verdict on VECO

Overvalued: intrinsic value $9.73 per share, market price $44.57, margin of safety -357.9% (as of 2026-10-20).

Discounting its cash flows at 10.9% (average of 3 methods) values the shares at $9.73; the price of $44.57 is 358% above that value, and 70% of that value comes from beyond year five.

Leak Score: 43/100 on 12 of 12 signals (On Watch).

ETFs with the most weight in VECO

17 more funds hold it; the full list is part of the paid plan.

More on VECO

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Cheaper than VECO in Semiconductor Equipment & Materials

12 more in this industry show a wider margin of safety.

Is VECO undervalued or overvalued?

VECO is overvalued (as of the 2026-10-20 close). Discounting its cash flows at 10.9% (average of 3 methods) values the shares at $9.73; the price of $44.57 is 358% above that value, and 70% of that value comes from beyond year five.

What is the intrinsic value of VECO?

$9.73 per share (as of the 2026-10-20 close), against a market price of $44.57. That is a margin of safety of -357.9%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is Veeco Instruments Inc's Leak Score?

43 out of 100, which we rate "On Watch", on 12 of 12 value investing signals.