VECO

In April 2026, Veeco's Q1 financial results were light on EPS and revenue, though new orders for AI data centers and high-performance computing indicated stronger future performance. May 2026 saw a significant stock jump of over 20% due to upbeat sentiment on stronger semiconductor equipment demand, driven by over $250 million in new multi-customer tool orders for silicon photonics and indium phosphide lasers. However, in early July 2026, the stock plunged over 18% due to broader semiconductor market fears, concerns about AI infrastructure overcapacity, and a delayed customer order highlighting concentration risk. Despite this, August 2026 brought strong Q2 financial results, exceeding expectations with revenue of $193.5 million (up 16.5% year-over-year) and non-GAAP EPS of $0.33, leading the company to raise its full-year 2026 revenue guidance to $780 million to $810 million, citing increased AI demand and growing visibility into 2027. In September 2026, the stock rallied, partly due to a recommendation upgrade from Northland's Gus Richard to 'outperform' with a $66 price target, citing significant order momentum and the popularity of Veeco's ion beam deposition.