Veeco (VECO) Q2 FY26 earnings call

Veeco delivered a strong second quarter, exceeding revenue expectations, driven by accelerating AI-driven demand across semiconductor, advanced packaging, and silicon photonics markets. The company is making strategic investments in manufacturing capacity and R&D to capitalize on this multi-year growth runway, which will impact near-term profitability. The merger with Axcelis continues to progress as planned, with a target closing in the second half of 2026.