Conviction
4 → 2
Current stock research snapshot · 8/6/26 20 days old
VECOVeeco Instruments Inc.
Investment conviction●●○○○2 of 5 · current snapshot
Research target$38.78Current stock price target
Investment thesis statusINTACTLast reviewed 8/6/26
Market cap$3.40BSnapshot value · 8/6/26
Research history
See all VECO changes ↗What changed
Laser Spike Annealing (LSA) is production tool-of-record at all three Tier-1 logic customers (TSMC/Samsung/Intel); ion beam deposition supplies EUV mask blanks; advanced packaging (wet/litho) serves HBM/AI-chip packaging. CRITICAL: Veeco is being acquired by Axcelis (ACLS) at 0.3575 ACLS shares per VECO share (signed 2025-09-30; China SAMR = last approval; close H2 2026) — a fixed-ratio merger-arb (-4.4% spread), not a standalone compounder.
$250M+ InP laser MOCVD/IBD multi-product orders — shipments begin Q3 2026, major ramp Q1 2027; Axcelis merger pending China regulatory approval; FY2026 guidance $740-800M back-half weighted
needs primary source validation
needs primary source validation
Snapshot · 8/6/26🟡 Mixed · ins-$22.1M · 13F 17+/8-×0.5 · short↑0.37
Snapshot · 8/6/26