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v3.25.3

Assets (Tables) | 9 Months Ended
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Sep. 30, 2025
Assets. |
Schedule of portion of Veeco's assets (excluding cash balances) that are measured at fair value on a recurring basis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
​ | ​ | (in thousands)
September 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 73,753 | ​ | $ | — | ​ | $ | — | ​ | $ | 73,753
Money market cash | ​ | ​ | 34,387 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 34,387
Total | ​ | $ | 108,140 | ​ | $ | — | ​ | $ | — | ​ | $ | 108,140
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 50,791 | ​ | $ | — | ​ | $ | — | ​ | $ | 50,791
Government agency securities | ​ | ​ | — | ​ | ​ | 50,324 | ​ | ​ | — | ​ | ​ | 50,324
Corporate debt | ​ | ​ | — | ​ | ​ | 75,015 | ​ | ​ | — | ​ | ​ | 75,015
Total | ​ | $ | 50,791 | ​ | $ | 125,339 | ​ | $ | — | ​ | $ | 176,130
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash equivalents | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Certificate of deposits and time deposits | ​ | $ | 66,023 | ​ | $ | — | ​ | $ | — | ​ | $ | 66,023
Money market cash | ​ | ​ | 15,003 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 15,003
Total | ​ | $ | 81,026 | ​ | $ | — | ​ | $ | — | ​ | $ | 81,026
Short-term investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 84,032 | ​ | $ | — | ​ | $ | — | ​ | $ | 84,032
Government agency securities | ​ | ​ | — | ​ | ​ | 30,167 | ​ | ​ | — | ​ | ​ | 30,167
Corporate debt | ​ | ​ | — | ​ | ​ | 83,051 | ​ | ​ | — | ​ | ​ | 83,051
Commercial paper | ​ | ​ | — | ​ | ​ | 1,469 | ​ | ​ | — | ​ | ​ | 1,469
Total | ​ | $ | 84,032 | ​ | $ | 114,687 | ​ | $ | — | ​ | $ | 198,719
Schedule of amortized cost and fair value of available-for-sale securities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | Estimated
​ | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Fair Value
​ | ​ | (in thousands)
September 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 50,760 | ​ | $ | 33 | ​ | $ | (2) | ​ | $ | 50,791
Government agency securities | ​ | ​ | 50,319 | ​ | ​ | 30 | ​ | ​ | (25) | ​ | ​ | 50,324
Corporate debt | ​ | ​ | 74,962 | ​ | ​ | 70 | ​ | ​ | (17) | ​ | ​ | 75,015
Total | ​ | $ | 176,041 | ​ | $ | 133 | ​ | $ | (44) | ​ | $ | 176,130
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 84,008 | ​ | $ | 45 | ​ | $ | (21) | ​ | $ | 84,032
Government agency securities | ​ | ​ | 30,244 | ​ | ​ | 13 | ​ | ​ | (90) | ​ | ​ | 30,167
Corporate debt | ​ |  | 83,209 | ​ | ​ | 17 | ​ | ​ | (175) | ​ |  | 83,051
Commercial paper | ​ | ​ | 1,469 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,469
Total | ​ | $ | 198,930 | ​ | $ | 75 | ​ | $ | (286) | ​ | $ | 198,719
Schedule of fair value and unrealized losses of available-for-sale securities in a loss position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Continuous Loss Position | ​ | Continuous Loss Position
​ | ​ | for Less than 12 Months | ​ | for 12 Months or More
​ |  | ​ | ​ |  | Gross |  | ​ | ​ |  | Gross
​ | ​ | Estimated | ​ | Unrealized | ​ | Estimated | ​ | Unrealized
​ | ​ | Fair Value | ​ | Losses | ​ | Fair Value | ​ | Losses
​ | ​ | ​ | (in thousands)
September 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 14,775 | ​ | $ | (2) | ​ | $ | — | ​ | $ | —
Government agency securities | ​ | ​ | 8,981 | ​ | ​ | (23) | ​ | ​ | 1,460 | ​ | ​ | (2)
Corporate debt | ​ |  | 20,061 | ​ |  | (14) | ​ |  | 2,636 | ​ |  | (3)
Total | ​ | $ | 43,817 | ​ | $ | (39) | ​ | $ | 4,096 | ​ | $ | (5)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. treasuries | ​ | $ | 26,756 | ​ | $ | (21) | ​ | $ | — | ​ | $ | —
Government agency securities | ​ | ​ | 20,062 | ​ | ​ | (90) | ​ | ​ | — | ​ | ​ | —
Corporate debt | ​ |  | 58,967 | ​ |  | (175) | ​ |  | — | ​ |  | —
Total | ​ | $ | 105,785 | ​ | $ | (286) | ​ | $ | — | ​ | $ | —
Schedule of contractual maturities of securities classified as available-for-sale | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025
​ | ​ | Amortized | ​ | Estimated
​ | ​ | Cost | ​ | Fair Value
​ | ​ | ​ | (in thousands)
Due in one year or less | ​ | $ | 132,558 | ​ | $ | 132,638
Due after one year through two years | ​ | ​ | 43,483 | ​ |  | 43,492
Total | ​ | $ | 176,041 | ​ | $ | 176,130
Schedule of inventories | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2025 |  | 2024
​ | ​ | (in thousands)
Materials | ​ | $ | 139,581 | ​ | $ | 129,178
Work-in-process | ​ |  | 85,965 | ​ |  | 88,361
Finished goods | ​ |  | 8,697 | ​ |  | 3,016
Evaluation inventory | ​ | ​ | 29,068 | ​ | ​ | 26,180
Total | ​ | $ | 263,311 | ​ | $ | 246,735
Schedule of property, plant, and equipment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31,
​ |  | 2025 |  | 2024
​ | ​ | (in thousands)
Land | ​ | $ | 5,061 | ​ | $ | 5,061
Building and improvements | ​ |  | 61,604 | ​ |  | 61,504
Machinery and equipment (1) | ​ |  | 195,829 | ​ |  | 190,810
Leasehold improvements | ​ |  | 55,022 | ​ |  | 53,759
Gross property, plant, and equipment | ​ |  | 317,516 | ​ |  | 311,134
Less: accumulated depreciation and amortization | ​ |  | 208,396 | ​ |  | 197,345
Property, plant, and equipment, net | ​ | $ | 109,120 | ​ | $ | 113,789
(1) | Machinery and equipment also includes software, furniture and fixtures
​
Schedule of intangible assets excluding goodwill | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025 | ​ | December 31, 2024
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​
​ |  | Gross |  | Amortization |  | ​ |  | Gross |  | Amortization |  | ​
​ | ​ | Carrying | ​ | and | ​ | Net | ​ | Carrying | ​ | and | ​ | Net
​ | ​ | Amount | ​ | Impairment | ​ | Amount | ​ | Amount | ​ | Impairment | ​ | Amount
​ | ​ | (in thousands)
Technology | ​ | $ | 355,928 | ​ | $ | 355,156 | ​ | $ | 772 | ​ | $ | 355,928 | ​ | $ | 354,066 | ​ | $ | 1,862
Customer relationships | ​ | ​ | 146,925 | ​ | ​ | 141,279 | ​ | ​ | 5,646 | ​ | ​ | 146,925 | ​ | ​ | 139,955 | ​ | ​ | 6,970
Trademarks and tradenames | ​ | ​ | 30,910 | ​ | ​ | 30,910 | ​ | ​ | — | ​ | ​ | 30,910 | ​ | ​ | 30,910 | ​ | ​ | —
Other | ​ |  | 3,746 | ​ |  | 3,746 | ​ |  | — | ​ |  | 3,746 | ​ |  | 3,746 | ​ |  | —
Total | ​ | $ | 537,509 | ​ | $ | 531,091 | ​ | $ | 6,418 | ​ | $ | 537,509 | ​ | $ | 528,677 | ​ | $ | 8,832

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